The reigning champion Kansas City Chiefs remain the favorite to repeat and win Super Bowl LV.

Kansas City's odds, according to the William Hill Sportsbook, have dropped from 7/1 since January 20 to 4/1 now.

No team has won back-to-back Super Bowls since the 2003-04 New England Patriots.

The Baltimore Ravens currently have 13/2 odds to win the Super Bowl (down from 7/1), followed by the San Francisco 49ers (7/1, same as January 20), the New Orleans Saints (up to 11/1 from 10/1), and Dallas Cowboys (down from 20/1 to 12/1).