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AFC Championship Odds, Favorites to Win, Best Bets 2024/25: Can the Chiefs Win Again?

Written by: Tanner Kern
Fact-checked by: James Whitelock
Updated February 23, 2024
10 min read

Patrick Mahomes and the Kansas City Chiefs reigned supreme in the AFC in 2023. They also hoisted the Lombardi Trophy for the second consecutive season. 

At this point, it doesn’t matter how talented the remainder of the conference is because the Chiefs always find a way to win. 

The Ravens entered the 2023 playoffs as the team to beat in the AFC. Behind MVP quarterback Lamar Jackson, Baltimore rolled in the second half of the season. Their offense was elite, and their defense didn’t bend an inch. 

The Chiefs also got hot at the end of the season and carried it into the playoffs. Despite Patrick Mahomes’ track record, the public was all over the Ravens in the AFC Championship Game.

Baltimore opened as a field goal favorite, and the line eventually moved to 4.5 before kickoff. The Chiefs won 17-10, and while the winning margin was just a field goal, this game was never close. 

Kansas City’s defense forced three turnovers and held Lamar Jackson to 54 yards on the ground. The 2023 Chiefs were considered less talented than in years past and virtually cruised to the AFC Championship. 

If last season was a down year for the Chiefs, it shows they could realistically win the conference yearly as long as Mahomes is under center. The quarterback has already cemented himself as one of the best of all time, and very few teams have stopped him over his six seasons as a starting quarterback. 

Even though the season just ended, it’s time to prepare for the 2024 kickoff. The Chiefs are the current betting favorites at +350 FanDuel, the Ravens at +460, and the Bills at +650

Here, we will break down the AFC and give our best bets for the upcoming season before the NFL Draft. 

AFC Championship Odds

Odds from FanDuel Sportsbook. Click on the odds below to place your bets at FanDuel.

Kansas City Chiefs+350
Baltimore Ravens+460
Buffalo Bills+650
Cincinnati Bengals +700
Miami Dolphins+1100
Houston Texans+1400
Los Angeles Chargers+1600
New York Jets+1600
Jacksonville Jaguars+1700
Cleveland Browns+2000
Indianapolis Colts +2400
Pittsburgh Steelers+3600
Las Vegas Raiders+4000
Denver Broncos +6000
Tennessee Titans +6500
New England Patriots+9000
Afc Championship Predictions

AFC Championship Predictions - AFC Favorites

Kansas City Chiefs (+350)

Taking the Kansas City Chiefs to win the AFC Championship is always a good bet. They have played in the conference championship for six consecutive seasons and have won three Super Bowls in this span. 

Mahomes has been the catalyst for the team’s success because they haven’t missed the AFC Championship since he took over as the starting quarterback. 

The 2023-24 Chiefs were expected to be an average team in the conference. Nobody expected them to win the AFC Championship or the Super Bowl, but they rallied around Mahomes, Kelce, and head coach Andy Reid. 

This trio has yielded a lot of wins, and it shouldn’t stop anytime soon. Mahomes hasn’t even scratched the surface of his prime years, and he is already being compared to Tom Brady. 

He has consistently beaten nearly every star quarterback in the AFC except for Joe Burrow. Burrow is Mahomes kryptonite, but as long as Kansas City stays clear of Cincinnati, they will be hard to beat in the conference. 

Baltimore Ravens (+460)

The Ravens had one of their best teams in recent history and couldn’t beat the Chiefs. Baltimore has a lot of talent and an MVP quarterback in Jackson, but they haven’t delivered in the playoffs. 

The Ravens have been a solid regular season team, but they have struggled getting over the hump. However, they’ll have a strong roster coming into the season. 

Jackson has tons of weapons to work with, and he took huge strides as a pocket passer with receivers like Zay Flowers, Nelson Agholor, Mark Andrews, Odell Beckham Jr., and Isaiah Likely. 

The defense is also elite, and Baltimore will look to add talent in free agency. However, the playoff woes have been tough to watch in the Jackson era. 

Buffalo Bills (+650)

The Bills had every opportunity to beat the Chiefs in the AFC Divisional round but came up short. The Bills offense stalled in the second half, which put Kansas City in a position to win on the road. 

Tyler Bass missed a kick, which would have sent the game into overtime. Many people blamed Bass for his misfire, but Josh Allen wasn’t great in the game's final minutes and missed multiple chances to give Bass an easier kick. 

Allen is one of the best quarterbacks in the NFL, and he can make fantastic plays. However, he also makes a lot of mistakes, and his reckless play has resulted in multiple losses for the Bills. 

The biggest offseason question for the Bills revolves around Stefon Diggs. Diggs didn’t seem happy in Buffalo and could be on the move in free agency. This wouldn’t be a devastating loss for the Bills because Diggs was average most of the season, but he is still an elite talent. 

Cincinnati Bengals (+700)

Joe Burrow and the Cincinnati Bengals are the biggest threat to the Kansas City Chiefs dynasty. The Bengals were getting hot in the middle of the season but ultimately lost Joe Burrow to a season-ending hand surgery. 

Burrow is one of the calmest and most collected quarterbacks in the NFL. He has already been to a Super Bowl, and it appears the Bengals will retain Tee Higgins, which gives Burrow one of the best weapon arsenals in the game. 

If Cincinnati can stay healthy, they’re the one team with a chance of knocking off the Chiefs. 

Who Will Win the AFC Championship - My Pick

Cincinnati Bengals (+700)

The value is much higher for the Bengals than the Chiefs at this point. Mahomes and Kansas City may win again, but the Bengals have the value in the conference at 7-1 odds.

Head over to FanDuel and place your bet today! Once you bet your first $5 you'll get $150 in Bonus Bets if your bet wins.

Who Won the AFC Championship in 2023-24?

The Chiefs won the AFC Championship Game in 2023, defeating the Ravens 27-20. Kansas City’s defense was fantastic throughout the entire game. 

Lamar Jackson won the MVP in 2023-24, and Kansas City’s defense made him look silly. Jackson turned the ball over multiple times and was held to 54 yards rushing. Considering he was the Ravens' leading rusher, this limited result was a massive success for Kansas City. 

Travis Kelce delivered for the Chiefs on offense, catching 11 passes for 116 yards with one touchdown. This marked the second straight AFC Championship victory for Kansas City and their sixth consecutive year in the title game.

AFC Championship Winner History

The NFC and AFC were formed in 1970 when the NFL merged with the American Football League (AFL), splitting the league into two distinct conferences. The Baltimore Colts (now the Indianapolis Colts) defeated the Oakland Raiders (Las Vegas Raiders) 27-17 in the first AFC Championship Game.

The winner of the AFC Championship Game earns a bid in the Super Bowl against the NFC champion and also takes home the Lamar Hunt trophy, named after the founder of the AFL.

Past AFC Champions

2023Kansas City Chiefs
2022Kansas City Chiefs
2021Cincinnati Bengals
2020Kansas City Chiefs
2019Kansas City Chiefs
2018New England Patriots
2017New England Patriots
2016New England Patriots
2015Denver Broncos
2014New England Patriots
2013Denver Broncos
2012Baltimore Ravens
2011New England Patriots
2010Pittsburgh Steelers
2009Indianapolis Colts
2008Pittsburgh Steelers
2007New England Patriots
2006Indianapolis Colts
2005Pittsburgh Steelers
2004New England Patriots
2003New England Patriots
2002Oakland Raiders
2001New England Patriots
2000Baltimore Ravens
1999Tennessee Titans
1998Denver Broncos
1997Denver Broncos
1996New England Patriots
1995Pittsburgh Steelers
1994San Diego Chargers
1993Buffalo Bills
1992Buffalo Bills
1991Buffalo Bills
1990Buffalo Bills
1989Denver Broncos
1988Cincinnati Bengals
1987Denver Broncos
1986Denver Broncos
1985New England Patriots
1984Miami Dolphins
1983Los Angeles Raiders
1982Miami Dolphins
1981Cincinnati Bengals
1980Oakland Raiders
1979Pittsburgh Steelers
1978Pittsburgh Steelers
1977Denver Broncos
1976Oakland Raiders
1975Pittsburgh Steelers
1974Pittsburgh Steelers
1973Miami Dolphins
1972Miami Dolphins
1971Miami Dolphins
1970Baltimore Colts

Popular NFL Futures Bets

NFL bettors can place wagers on a variety of futures markets, both long-term and short-term, depending on when the bets are placed.

Futures bets are available for team and player performances. The closer the finish line on the bets, the more lopsided the bets usually are in favor of the prospective winner. Betting futures far away from the completion date is therefore usually more profitable, unless there is a huge upset or reversal in fortunes late into the season.

Here are different kinds of futures bets that are available.

Regular Season Wins

Bettors can find project win totals for every team in the league and wager on whether or not the team will exceed that total. Win totals are usually set at x.5 so that there are no pushes (draws). For example, the Bengals have a projected win total of 11.5, so 11 wins or fewer would be under, and 12 or more would be over.

Record Breakers

There is a selection of record breakers bets available at the start of every season. They target players that are either close to historical achievements or have shown a propensity or ability to challenge for all-time marks. 

An example of a record breakers bet is Patrick Mahomes to throw for the most yards in a single NFL season. He just threw for 5,250 last season, which is just about 13.3 yards per game extra off the all-time mark.

Player Totals

Bettors can also bet on player single-season totals in different areas, including passing and rushing totals, sacks, interceptions, and more. These are correlated to but still distinctly different from awards betting (which we discuss below).

Award Winners

Players can also throw down bets on which athletes will win different awards, including MVP, Offensive and Defensive Player of the Year, Offensive and Defensive Rookie of the Year, and more. These bets can be placed from the first day post-Super Bowl all the way until the end of the season, but the odds are constantly changing.

How to Choose the Best Sportsbook for Betting on the AFC Championship

Choosing the best online sportsbook can seem like a daunting process, but it is actually not all that bad. We have provided a guide on how to pick the best sportsbook for your NFL betting pleasure, which we encourage you to read.

Make sure to try out different sportsbooks and find the one that you are the most comfortable with before making any long-term commitments.

AFC Championship Winner - How to Read the Odds

There’s a very simple way to remember how odds work.

If the odds value starts with a “-,” that means that bettors have to risk the listed amount to win $100. For example, -400 odds means that a $400 bet will result in a $100 profit. Lines with “-” are usually (but not always) the favored outcome, or the one that is expected to occur.

If the odds value is preceded by a “+,” that means that a $100 bet will win the listed amount. So, +400 odds means that a $100 bet will result in $400 of profit.

2024 AFC Championship FAQ

What is the AFC Championship?

When is the AFC Championship Game?

Who Is Favored to Win the AFC?

Which Team Has Won the Most AFC Championship Games?

Which Team Has Lost the Most AFC Championship Games?

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Tanner Kern

285 Articles

Tanner Kern has been working in the betting industry since 2020. He currently is a social media content creator at DraftKings and contributes to multiple sites in addition to WSN, including Forbes and VSiN. He is also the cohost of the podcast Ride the Line at WSN.

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