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Chiefs 2024 Season Odds Preview Historic Season in KC

See what the betting markets are projecting for the Kansas City Chiefs in 2024.
Aug 14, 2021; Santa Clara, California, USA; Kansas City Chiefs head coach Andy Reid talks to quarterback Patrick Mahomes (15) during the third quarter against the San Francisco 49ers at Levi's Stadium. Mandatory Credit: Darren Yamashita-USA TODAY Sports
Aug 14, 2021; Santa Clara, California, USA; Kansas City Chiefs head coach Andy Reid talks to quarterback Patrick Mahomes (15) during the third quarter against the San Francisco 49ers at Levi's Stadium. Mandatory Credit: Darren Yamashita-USA TODAY Sports / Darren Yamashita-USA TODAY Sports
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With back-to-back Super Bowl wins and the best quarterback in football, it's no surprise that the Kansas City Chiefs are getting all sorts of love heading into the 2024-25 NFL season. It's hard (and has long been unprofitable) to pick against Andy Reid and Patrick Mahomes, and with an improved playmaking core in KC that is looking likely to be the case again this season.

The incredible season being projected might actually catch Chiefs fans' attention for the wrong reasons though. An upgraded back-to-back champion should surely be a pretty heavy favorite in just about every betting market this offseason, right?

Well let's take a look at how the Chiefs stack up in a wide variety of the ofseason betting markets on DraftKings Sportsbook.

Super Bowl Odds

Rank

Team

Odds

Implied Probability

1

Kansas City Chiefs

+500

16.7%

2

San Francisco 49ers

+600

14.3%

3

Baltimore Ravens

+1000

9.1%

4

Detroit Lions

+1200

7.7%

5

Cincinnati Bengals

+1300

7.1%

T6

Philadelphia Eagles

+1500

6.3%

T6

Buffalo Bills

+1500

6.3%

8

Houston Texans

+1600

5.9%

T9

Green Bay Packers

+1900

5.0%

T9

Dallas Cowboys

+1900

5.0%

We see the Chiefs holding their rightful spots as favorites to win the Super Bowl, but it's a surprisingly close race. The San Francisco 49ers are only barely trailing the Chiefs in second place after last year's nail-biter of a Super Bowl defeat. But the 49ers haven't made any significant upgrades, even earning one of the NFL's lowest offseason grades from PFF.

So the Chiefs are the reigning champs and had a much better offseason than their top competition, but they're only barely favored over the 49ers? That's not to mention that we're being left with about a 70% chance that a team other than the Chiefs or 49ers win the title.

The NFL is always unpredictable, sure, but the Chiefs' Super Bowl contention has been one of the most predictable season-ending events in recent years.

AFC Championship Odds

Rank

Team

Odds

Implied Probability

1

Kansas City Chiefs

+300

25.0%

2

Baltimore Ravens

+550

15.4%

3

Cincinnati Bengals

+700

12.5%

4

Buffalo Bills

+800

11.1%

5

Houston Texans

+850

10.5%

T6

New York Jets

+1100

8.3%

T6

Miami Dolphins

+1100

8.3%

T8

Los Angeles Chargers

+2200

4.3%

T8

Cleveland Browns

+2200

4.3%

10

Jacksonville Jaguars

+2500

3.8%

Here's where we really see why the Chiefs don't have better Super Bowl odds. The AFC is much more competitive than the weak NFC (which the 49ers are +250 to win), meaning the projected chances that KC doesn't even make the Super Bowl pull their odds to win down.

The Chiefs are being given a 1-in-4 chance of winning the conference, which gives them a 10 percentage point edge over the second-placed Baltimore Ravens and is over twice as high as any other AFC squad.

Seeing it broken out like this, it does become a little easier to see why KC might not be such a massive Super Bowl favorite. The AFC is absolutely loaded this season, but the Chiefs are still the rightful favorites by a good margin.

AFC West Odds

Rank

Team

Odds

Implied Probability

1

Kansas City Chiefs

-230

69.7%

2

Los Angeles Chargers

+320

23.8%

3

Las Vegas Raiders

+900

10.0%

4

Denver Broncos

+1800

5.3%

Here's where things start to get a lot more lopsided – but maybe not lopsided enough. The Chiefs have won the AFC West in eight straight seasons, and it's usually not even been close. Every year someone in the AFC West gets hyped up as a real contender (often it's the Chargers), and every year we see the same result.

The Chargers are getting hyped up again despite finishing third or worse in five of the last six seasons, and while their Jim Harbaugh-led facelift should leave the team looking a lot different, you won't find many Chiefs fans afraid that they're going to fall out of the top spot in the AFC West.

Playoff Odds

  • Odds to make the playoffs: -600
  • Odds to miss the playoffs: +425

There's really not too much to say about this one. The Chiefs have the NFL's best odds to make the posteason, and the longest odds to miss the playoffs. It is another close race though, with the 49ers (-575 to make, +350 to miss) in second.

After that we see a huge drop-off, with the Cincinnati Bengals (-260 to make, +205 to miss) and Baltimore Ravens (-260/+205) and Philadelphia Eagles (-250/+200) rounding out the top five.

Win Total Odds

  • Over 11.5 wins: -115
  • Under 11.5 wins: -105

Here's a spot where the Chiefs are, in a sense, only tied for the best odds in the NFL. The Chiefs are joined by the 49ers as the two teams with win totals set at an NFL-high 11.5. The 49ers have +105 odds on the over and -125 on the under, however. The Chiefs are the only team favored to go over 11.5 wins.

Behind KC and San Fran, there are X teams with totals set at 10.5 wins: the Detroit Lions (-135 over/+110 under), Buffalo Bills (+130/-155), Philadelphia Eagles (-130/+110), Dallas Cowboys (+150/-180) and Cincinnati Bengals (-140/+120). Only three of those teams are favored to go over 10.5.

Player Prop Bets

There are no shortage of markets available to bet on individual performances of various Chiefs players this season, so here we'll go through some quick-hitters to highlight some of the most interesting season-long player props.

Patrick Mahomes

  • MVP odds: +475 (1st)
  • Odds to lead the NFL in passing yards: +500 (1st)
  • Lead in passing TDs: +650 (1st)
  • To throw for 4500+ yards: +135 (1st)
  • To throw for 35+ TDs: -110 (1st)

Isiah Pacheco

  • To rush for 1000+ yards: +140 (T10th)
  • To rush for 10+ TDs: +500 (T14th)
  • NFL rushing yard leader: +2500 (T11th)
  • NFL rushing TD leader: +2500 (T17th)
  • Offensive Player of the Year: +7500 (T39th)

Hollywood Brown

  • Over 750.5 receiving yards: -110
  • Under 750.5 receiving yards: -110

Xavier Worthy

  • Offensive Rookie of the Year: +2500 (T7th)
  • Lead rookie WRs in receiving yards: +900 (5th)
  • Over 750.5 receiving yards: +100
  • Under 750.5 receiving yards: -120

Chris Jones

  • Over 10.75 sacks: +100
  • Under 10.75 sacks: -125

George Karlaftis

  • Over 9.25 sacks: -110
  • Under 9.25 sacks: -110

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Odds refresh periodically and are subject to change.