Peyton Manning and the Broncos favorites to win the championship.
Peyton Manning and the Broncos favorites to win the championship. Reuters

For the eighth straight year, the NFL will have a new Super Bowl champion.

The New York Giants missed the playoffs, and won’t be able to defend their title in the upcoming postseason. The Pittsburgh Steelers, New Orleans Saints and Detroit Lions also had their seasons ended in Week 17 after making the playoffs last year.

According to most oddsmakers in Las Vegas, the Denver Broncos are the favorites to win the 2013 Super Bowl. In his first season with the Broncos, Peyton Manning led his team to 13-3 record, which was good enough for a first-round bye and the No.1 seed in the AFC. Denver won a postseason game last season with Tim Tebow at the helm.

The Broncos odds of winning it all at have been set at 11/4. Denver will have home-field advantage throughout the AFC playoffs. They only lost one game in 2012 at Sports Authority Field at Mile High.

The team that eliminated the Broncos last year is the second favorite to win the championship. The New England Patriots odds are set at 4/1. They lost to the Giants in the 2012 Super Bowl, and were the last team to beat Denver, defeating them on Oct.7.

The Atlanta Falcons were tied for the NFL’s best record, but only have the fourth-highest odds of winning the Super Bowl. That is likely due to their recent postseason failures. Matt Ryan has led Atlanta to the playoffs in three of his four seasons, but still hasn’t won a postseason game. The three Falcons losses have come by an average of over 18 points.

It’s not often that a team replaces its starting quarterback mid-season, and remains the favorite to win their conference. However, that’s the case with the San Francisco 49ers. They are 6/1 favorites to take home the title in 2013.

Colin Kaepernick finished the season 5-2, after replacing Alex Smith as the 49ers’ starting signal caller. They are the No.2 seed in the NFC and were second in points allowed in all of football.

Reigning MVP Aaron Rodgers and the Green Bay Packers have the best odds of any team that will be playing on wild card weekend. The Indianapolis Colts and Cincinnati Bengals are the biggest long shots to win the title.

Below are the completed betting odds for Super Bowl XLVII. All of the odds are courtesy of Bovada.lv.

Denver Broncos 11/4

New England Patriots 4/1

San Francisco 49ers 6/1

Atlanta Falcons 7/1

Green Bay Packers 8/1

Seattle Seahawks 11/1

Houston Texans 15/1

Washington Redskins 18/1

Baltimore Ravens 22/1

Minnesota Vikings 40/1

Cincinnati Bengals 45/1

Indianapolis Colts 45/1