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Super Bowl 2020 Odds: Chiefs, Ravens, 49ers Early Favorites to Win NFL Title

David J. Phillip/Associated Press

The reigning Super Bowl champion Kansas City Chiefs are favored to repeat in 2020, according to odds released by Caesars Palace on Saturday.

The Chiefs are +400 favorites, followed by the Baltimore Ravens at +700 and the San Francisco 49ers at +800. All other teams are at least +1200 or greater:

Kansas City beat San Francisco 31-20 in Super Bowl LIV last season, while the Ravens had the best record in the NFL at 14-2, only to fall to the Tennessee Titans in the AFC Divisional Round of the playoffs.