Chicago Bears Odds

Chicago Bears Odds, Bet Types, and Team History

Out with the old Matt and Ryan, and in with the new Matt and Ryan. That’s what the offseason has looked like so far for the Chicago Bears. After firing head coach Matt Nagy and GM Ryan Pace, the team has hired new head coach Matt Eberflus and GM Ryan Poles. The hiring of Eberflus was an interesting choice to some considering that he is a defensive minded coach. Their franchise quarterback, Justin Fields, is in need of significant development in his second year if the team hopes to be any better in 2022-23. Many wonder if Fields will develop as effectively under Eberflus as compared to someone like Josh McDaniels, who wound up taking the head coaching job in Las Vegas.

Fields struggled often as a rookie and even saw games where he was subbed out for another quarterback despite being named the starter mid-season. The Ohio State product and No. 11 overall pick in 2021 finished the season throwing for 1,870 yards, seven touchdowns and 10 interceptions with a 58.9 percent completion clip in 12 games. Simply put, he needs to get better this offseason for the Bears to be competitive moving forward.

The Bears, as a whole, had a rocky season in 2021. After starting the season 3-2, they went on to lose eight of their next nine games and finished the year with a 6-11 record. This was only good enough to finish over the lowly 3-13-1 Detroit Lions in the NFC North standings.

The Bears were underwhelming buyers in free agency and look like they will not be competing for titles this season, which will be defined by the progress Fields makes in Year 2.

Betting on the Chicago Bears

Bears fans and NFL bettors alike have a variety of options to bet on the team in the upcoming 2022-23 season. Here are a few of the most common and popular bet types to consider.

• Point Spread
• Moneyline
• Over/Unders
• Props
• Future Odds

Bears Spreads

Betting point spreads are wagers based on the expectation that a team will win or lose by a certain number of points. The Bears went 6-11 overall and performed exactly the same against the spread. Here’s an example:

• Vikings +2.5 (+110)
• Bears -2.5 (-110)

In this situation, the Vikings are 2.5 point underdogs against the Bears. If Chicago wins the game by three or more points, a $100 wager on the Bears would come with a payout of $90.91. If Minnesota won the game outright or lost by two points or less, the same $100 wager would net $110 plus the original $100 for a total of $210.

Bears Moneylines

Chicago was a difficult team to pick in favor of when betting the moneyline in 2021. Their inconsistent play each week made them a pretty risky team to put money on, which showed with them losing eight out of nine games to end the season.

Check out this example:

• Bears -120
• Lions +210

The minus (-) and plus (+) signs distinguish the favorite from the underdog, making Chicago the favorite in this scenario. Odds can be understood more clearly if you think in terms of $10 or $100 increments. A wager on the Bears odds would mean every $120 bet nets $100. And it's the opposite for underdogs: Here the Lions moneyline was set at +210, meaning a $100 wager would profit $210.

Moneylines are also commonly used when making parlays, which are multiple bets tied into one. Let’s say you bet the Bears moneyline and a -2.5 point spread, Chicago would need to win by three points or more for that bet to be successful. The risk is greater, but so is the reward with increased odds. Use our Odds Calculator to calculate any bet amount or conversion.

Bears Over/Unders

Over/under, also called point total, is a wager placed on the combined scoring of a single game. Bookmakers come up with a number and you can either bet the over or — you guessed it — the under. Here’s how it works:

Let's say the Packers play the Bears and the over/under is set at 54 points. A wager on the over would require Green Bay and Chicago to score 55 total points or more to win. Betting the under is an expectation that the two teams would score 53 or fewer points. It's also possible for the bet to push, which would happen if the game finished with exactly 54 points scored.

In 2021, Chicago averaged 18.3 points per game (27th in NFL) and allowed 23.9 points (23rd in NFL). The Bears were a near the middle of the pack team when it came to exceeding point totals, going 7-10 against the over.

Bears Props

Player props are wagers on a single player, and they're tied to a single stat found in the box score for a game or even the whole season. These are among the most fun to bet on, especially if you're already playing fantasy football and like the player-specific focus it offers. Check out a hypothetical example below:

• Over/Under: Justin Fields 2022 passing yards: 3,550.5

In this example, a bettor will wager on whether or not Fields will throw for more or less than 3,550.5 yards over the course of the season.

Bears Future Odds

A futures bet is a wager that will decided based on a result that takes place later in the season. Future bets can be made on both team and individual player outcomes. Some examples of popular futures bets include:

• Chicago Bears odds to win the NFC North
• Chicago Bears odds to win the NFC
• Chicago Bears odds to win the Super Bowl
• Justin Fields’ odds to win Offensive Player of the Year

Because NFL futures are so hard to predict, bettors can expect highly favorable odds with sizeable payouts should they win.

How to Bet on the Chicago Bears

Online sports betting is legal and live throughout the state of Illinois. Illinois sports betting regulations changed on March 5, 2022 to allow new bettors to complete registration completely online for the sportsbook of their choice. Prior to this updated legislation, Illinois bettors were required to activate their sportsbook accounts in-person at a retail casino partner. This makes online sportsbetting easier and more accessible to everyone throughout the state.

Illinois has a variety of sportsbooks available, so savvy bettors will have ample opportunity to line shop for Bears odds in the 2022-23 season. Be sure to check out these sportsbooks to take advantage of the Action Network's partnership promotional codes.

Caesars Sportsbook

Another great option for new Illinois sports bettors is Caesars Sportsbook.

PrizePicks Daily Fantasy

For those Illinois sports bettors looking for something other than traditional sportsbooks, look no further than PrizePicks. PrizePicks is among the most simple and exciting DFS games in North America because users just have to place their bets, pick their favorite players, and choose over/under totals for a chance to win cash. New users can claim a deposit match on up to $100. Sign up for the PrizePicks app here.

Chicago Bears & BetRivers

The Chicago Bears in June 2021 announced a partnership with Rush Street Interactive, Inc., the company that owns BetRivers. As part of the partnership, the Bear will promote BetRivers and Rivers Casino with a mix of in-stadium signage and digital, social and print assets. BetRivers customers will also see promotions for exclusive Chicago Bears prizes and experiences while betting.

To learn more about BetRivers, read our sportsbook review.