Bears Super Bowl odds make major jump after selecting Caleb Williams

It's been less than 24 hours since the Chicago Bears announced they'd be drafting Caleb Williams with the No. 1 pick in the 2024 NFL Draft and their odds to win Super Bowl 59 have already skyrocketed.

Let's take a look at the latest betting odds at the conclusion of the opening round and then we'll dive into it a little bit further.

Bears Super Bowl odds

Before the NFL Draft, the Chicago Bears were listed at +4500 at most sportsbooks. At the conclusion of the opening round, the Bears have moved up from anywhere from +4000 at Caesars Sportsbook to +3000 at DraftKings Sportsbook.

At +3000 odds, the Bears have an implied probability of 3.23% of winning the Super Bowl next season. That means if you were to place $100 on them to achieve the feat, you'd win a profit of $3,000 if they're able to pull it off.

The move isn't only due to the Bears getting the top QB prospect in the draft, but also the fact the No. 3 wide receiver, Rome Odunze, fell to their second pick at No. 9 overall. Now, Chicago has the most loaded offense we've seen in recent Bears history. Their offensive starters now include Caleb Williams, D'Andre Swift, DJ Moore, Keenan Allen, Rome Odunze, and Cole Kmet.

On paper, that's a scary unit for any opposing defense to face.

Is this Bears team good enough to go on a Super Bowl run in Williams' rookie season? That's for you to decide.

If you want to bet on the Bears to win the Super Bowl, click the link below to sign up for an account at FanDuel Sportsbook. For a limited time, new users will receive $150 in bonus bets when they place their first $5 wager.

Odds refresh periodically and are subject to change.

You can check out all of Iain's bets here!