This article examines which teams Las Vegas odds on NFL futures markets favored for Super Bowl 60 and explains how to turn those futures prices into usable probabilities. It summarizes late-2025 market consensus, practical conversion methods, and a workflow for combining model signals with aggregated prices. The target reader is a sports fan or market follower who wants clear, repeatable steps for tracking futures and interpreting movements without mistaking market favorites for guarantees. You will find guidance on aggregators, simple examples, common mistakes, and monitoring routines.

Cross-book aggregates in late 2025 most often listed the Chiefs and 49ers as Super Bowl 60 favorites.

Convert American odds to implied probability to compare books and spot potential value pockets.

Combine market-implied probabilities with model outputs and watch injury and quarterback news to refine decisions.

las vegas odds on nfl: Market favorites for Super Bowl 60

Snapshot of late-2025 consensus futures

Late in the 2025 season, Las Vegas and U.S. futures markets made clear which franchises the market expected most often as Super Bowl 60 contenders. Consensus across regulated sportsbook boards placed the Kansas City Chiefs and the San Francisco 49ers as the top favorites, with the Baltimore Ravens, Philadelphia Eagles, and Cincinnati Bengals commonly grouped in the next tier, reflecting the cross-book view of early winter 2025 TheLines Super Bowl odds page.

That consensus is the result of multiple books updating lines to reflect injuries, quarterback status changes, and week-to-week performance, so the snapshot is best read as a dynamic market position rather than a prediction. Aggregators combine those updates so readers can see where demand and sharp action pushed pricing across operators Legal Sports Report Super Bowl odds.

odds aggregator checklist to track Super Bowl futures across books

Team
Current odds
Implied probability
Key injuries
Alert threshold

Update checklist weekly

Top tier and next-tier teams

Across aggregated boards, the Chiefs and 49ers repeatedly appeared with the shortest futures prices, marking them as the top conditional market choices into the playoffs; markets placed the Ravens, Eagles, and Bengals more often in a secondary group rather than at the top. This ranking came from cross-book snapshots that pooled lines from regulated U.S. books rather than a single operator VegasInsider NFL futures page.

Reading tiered markets this way helps separate which teams the market treats as primary contenders and which teams are priced as plausible challengers, and it explains why bettors and analysts watch both short prices and how frequently a team appears in top slots across aggregators.

How aggregators summarized the market

Odds aggregators show time-stamped line histories and cross-book spreads so a reader can compare how often a team led the market versus how often it was second or third. Aggregators also make it easy to spot when a single operator quoted a notably different price, which can signal either an outlier opportunity or a liquidity-driven move depending on context TheLines Super Bowl odds page.

Because the market changed with news and performance, the late-2025 snapshot is a practical reference point: it captures consensus just before the critical late-season stretch that finalizes playoff seeding and updated Super Bowl probabilities.

How to convert American odds into implied probability

The standard formulas and worked examples

Converting American odds to implied probability is a straightforward calculation that helps compare prices across books. For positive American odds (for underdogs) the formula is implied probability = 100 / (odds + 100) where odds is the positive number. For negative American odds (for favorites) the formula is implied probability = -odds / (-odds + 100) when odds is expressed as a negative number. A published reference explains the standard method and the logic behind the conversion Investopedia implied probability guide.

How do I turn American odds into a percentage chance?

Use the standard formulas: for positive odds use 100 / (odds + 100); for negative odds use -odds / (-odds + 100). These give implied probabilities you can compare across books.

Why should I check multiple sportsbooks or aggregators?

Different books react at different speeds and have different holds; aggregators provide a cross-book view that highlights consensus pricing and potential value pockets.

Do implied probabilities equal true chances of winning?

No. Implied probabilities reflect market prices and include bookmaker margin; combine them with models and updated information for a fuller view.