The Kansas City Chiefs are the very early favorites to win Super Bowl 2024. Less than 24 hours after beating the Philadelphia Eagles and becoming NFL champions, the Chiefs are considered strong contenders to pull off a rare Super Bowl repeat.

The Super Bowl 2024 odds favor the Chiefs across all sportsbooks. FanDuel and DraftKings Sportsbook give Kansas City +600 odds to win the championship for the 2023 season.

The Chiefs will try to become the first team in two decades to repeat as Super Bowl champions. The 2003 and 2004 New England Patriots were the last team to win back-to-back titles.

If any team can end the streak of Super Bowl champions failing to repeat, it might be the Chiefs. Like New England, Kansas City is led by an all-time quarterback and head coach tandem.

Patrick Mahomes and Andy Reid make the Chiefs perennial Super Bowl contenders. Since Mahomes became Kansas City's starting quarterback for the 2018 season, the Chiefs have hosted five straight AFC Championship Games. Kansas City has made three Super Bowl appearances in the last four years, winning two titles along the way.

Mahomes has taken the mantle from Tom Brady and established himself as the league's best quarterback. In the span of a few days, Mahomes won his second NFL MVP award and second Super Bowl MVP award.

A sprained ankle couldn't stop Mahomes from playing a nearly flawless Super Bowl against the Eagles. Mahomes completed 77.8% of his passes for three touchdowns and no interceptions. Mahomes' 26-yard run late in the fourth quarter set up the game-winning field goal that gave the Chiefs a 38-35 Super Bowl victory.

Before the Chiefs drafted Mahomes, Reid had Kansas City in contention every year. Since Reid was hired for the 2013 season, the Chiefs have finished every season with a winning record. Kansas City has won seven straight AFC West championships.

The Chiefs have 75 combined regular-season and playoff wins over the last five years. Only the 2003-2007 New England Patriots had more victories in a five-year span.

The Buffalo Bills have the second-best Super Bowl odds at both sportsbooks. FanDuel makes Buffalo a distant second to Kansas City at +850. The gap between the two teams is much smaller at DraftKings, where the Bills have +700 championship odds for the 2023 season.

There's no consensus for the next tier of contenders. At FanDuel, the Eagles, Cincinnati Bengals and San Francisco 49ers all have +900 odds to win Super Bowl 2024. At DraftKings, the 49ers are alone with +800 odds, followed by the Eagles and Bengals at +900

The Bengals and 49ers have both reached the conference title game in back-to-back seasons. Jalen Hurts followed up his MVP runner-up regular season with an outstanding Super Bowl performance and is likely to have the Eagles back in contention.

NFL - Super Bowl LVII - Kansas City Chiefs v Philadelphia Eagles
Reuters