There is one objective in football, to win the Super Bowl. We have told you which teams will win their divisions and make the playoffs, now we will tell you which teams are value bets to win it all.

To determine if a team has value we look at what their current odds are to win the Super Bowl and compare that to our projected odds that they hoist the Lombardi Trophy. For example, New England is the favorite at 7/1, in order for us to feel comfortable wagering on the Patriots they would need to win it all 12.5% (which is 1/(7+1)) of the time. The Pats are projected to win the Super Bowl 11.5% of the time, meaning there is no value in placing a bet at 7/1 odds.

Here are a few teams with value.

Green Bay Packers

Current odds: 8/1, Implied Probability: 11.1%

Packers win the Super Bowl 11.6% of the time

10,000 simulations say the Cheeseheads are the most likely team to win the title. That has to count for something. If you want more Aaron Rodgers, the best quarterback in the game, gets Jordy Nelson back. The Packers also have a top 10 schedule and are the most likely team to get a 1st Round bye in the playoffs. It is always worth betting the most likely champion at less than favorite odds.

Carolina Panthers

Current odds: 10/1, Implied Probability: 9.1%

Panthers win the Super Bowl 10.6% of the time

The Panthers are going to win the NFC South for a fourth straight season as the rest of the teams in the division are still in rebuild mode. Carolina won’t win 15 games again but they don’t need to in order to return to the big game. Most of last year’s NFC Championship squad is back and after getting upset in the Super Bowl you know they are hungry for another bite at the apple.

Minnesota Vikings

Current odds: 20/1, Implied Probability: 4.8%

Vikings win the Super Bowl 5.2% of the time

Minnesota is the longshot with value. The Vikings are tied for the 11th best Super Bowl odds. Teddy Bridgewater maturation as a passer should continue, Adrian Peterson never stops and the defense is young and improving (top 15 in DVOA vs. the run and pass. The Vikings are projected to battle Green Bay for the NFC North and are nearly 60% likely to return to the playoffs.

Other teams with value: Steelers 17/2 and Seahawks 17/2

Below are all 32 NFL teams and their chances to win the Super Bowl.

TeamOddsImplied ProbabilitySuper Bowl Probability
Green Bay Packers8/111.1%11.6%
New England Patriots7/112.5%11.5%
Pittsburgh Steelers17/210.5%10.8%
Seattle Seahawks17/210.5%10.7%
Carolina Panthers10/19.1%10.6%
Minnesota Vikings20/14.8%5.2%
Arizona Cardinals12/17.7%5.1%
Denver Broncos16/15.9%4.8%
Cincinnati Bengals18/15.3%4.6%
Indianapolis Colts18/15.3%4.6%
Kansas City Chiefs20/14.8%4.6%
Dallas Cowboys20/14.8%3.9%
Houston Texans33/12.9%2.2%
Oakland Raiders33/12.9%1.8%
New York Giants14/16.7%1.1%
Baltimore Ravens33/12.9%0.9%
New York Jets50/12.0%0.9%
Buffalo Bills50/12.0%0.8%
Washington Redskins50/12.0%0.7%
Jacksonville Jaguars50/12.0%0.5%
Philadelphia Eagles75/11.3%0.5%
Atlanta Falcons66/11.5%0.5%
Chicago Bears66/11.5%0.4%
Los Angeles Rams66/11.5%0.4%
San Diego Chargers50/12.0%0.4%
Tampa Bay Buccaneers80/11.2%0.3%
Detroit Lions66/11.5%0.3%
New Orleans Saints80/11.2%0.3%
Miami Dolphins66/11.5%0.2%
Tennessee Titans100/11.0%0.1%
Cleveland Browns200/10.5%0.0%
San Francisco 49ers100/11.0%0.0%

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