Bleacher Report Betting has put out odds for Super Bowl LV. And it appears they are going with the repeat. That's right, the Kansas City Chiefs are the favorites.

Kansas City won the Super Bowl last season. And it appears Bleacher Report sees them doing it again.

The Chiefs are listed at +400, with the Baltimore Ravens coming in second at +700 and the San Francisco 49ers (who lost in the Super Bowl) coming in third at +900.

The Tampa Bay Buccaneers added Tom Brady and Rob Gronkowski this offseason, and are listed in fourth at +1200. Then the Dallas Cowboys come in at five at +1300.

On the flip side of things, the Jacksonville Jaguars have the worst odds, at +25000. The Washington Redskins (+15000) and Carolina Panthers (+12500) round out the bottom three.

It makes sense that Kansas City stayed on top. They have an incredible offense and are bringing back most of their stars from last season.

That includes Patrick Mahomes, who many would argue is the best quarterback in the world right now. And he's got his unfair weapons in Travis Kelce and Tyreek Hill right there with him.

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Repeating is not easy. And there are certainly a lot of teams that will be trying to knock Kansas City off their throne. That includes those teams at the bottom.

The Chiefs have been right in the Super Bowl mix for the last two seasons. So it feels safe to have them in the top spot in the odds right now.

In fact, as long as Mahomes is in Kansas City, this is likely going to be a common occurrence. The Chiefs will probably be right near the top of the NFL totem pole for a long time.