Who is favored to win the 2024 Super Bowl, and which team is the underdog?

Despite their status as defending champions, the Kansas City Chiefs are slight underdogs when they face the San Francisco 49ers in the 2024 Super Bowl in Las Vegas Sunday.

The Niners first opened as 1.5-point favorites, according to most sportsbooks. The line has since shifted even more in their favor, with San Francisco settling in as consensus 2-point favorites by Saturday afternoon. 

Oddsmakers have the consensus over/under at 47.5 points. However, according to Pro Football Reference, the Chiefs had the No. 2 ranked defense in the NFL this season, with the Niners right behind them at No. 3, so a low-scoring affair could be in order.