Updated NFL 2012 Super Bowl Odds

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The 2012 Super Bowl favorite Green Bay Packers have been knocked out of the NFL playoffs, as four teams are left to battle it out in hopes of punching their ticket to play inside Lucas Oil Stadium in Indianapolis on Feb. 5th, 2012.

Sportsbooks wasted no time in sending out betting odds for the remaining teams to potentially lift the Lombardi Trophy, with the New England Patriots assuming the role as the new favorite.

Let's take a look at the futures market from a betting perspective.

Baltimore Ravens

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The Baltimore Ravens were very fortunate to escape with a 20-13 win over the Houston Texans as 7.5-point home favorites Sunday, as they won the turnover battle by a 4-0 margin.

New England Patriots quarterback Tom Brady is light years ahead of Houston rookie T.J. Yates under center in terms of playoff experience, but he doesn't have Arian Foster behind him.

Ravens safety Ed Reed suffered an ankle injury in the final moments of the fourth quarter, which could be significant when facing one of the NFL's best passing attacks.

The Ravens are listed as 7.5-point road underdogs in the AFC championship, which is the most points they've received all year.

Super Bowl Odds: 6/1

New York Giants

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The New York Giants have been the most impressive team through the first two rounds of the 2012 NFL playoffs, outscoring the Atlanta Falcons and Green Bay Packers by a sizable 61-22 combined margin.

Quarterback Eli Manning will be looking to avenge a 27-20 regular-season defeat as four-point road underdogs to the San Francisco 49ers on Nov. 13th, which came immediately after a thrilling road win over the New England Patriots.

From a betting perspective, the Giants are certainly dangerous due to them outgaining their last six opponents in yardage.

The betting odds have plummeted on the NFC East divisional champs.

Super Bowl Odds: 7/2

San Francisco 49ers

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The San Francisco 49ers jumped out to a 17-0  lead and ultimately came away with a thrilling 36-32 win over the New Orleans Saints on Saturday.

Winning the turnover battle has allowed this team to reach the NFC championship, which could end up being the difference next weekend.

The 49ers came away with a plus-one turnover margin in the first meeting with the Giants, but it's important to note that the Giants dominated the time-of-possession and total yards battle.

Should be a great game, and my handicapper line fell right on the Las Vegas number.

Super Bowl Odds: 3/1

New England Patriots

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The New England Patriots came out of their bye week and punched the Denver Broncos in the mouth, which has caused a bit of an overreaction in the betting odds due to public perception.

There's no question that Patriots quarterback Tom Brady wants a Super Bowl rematch with Giants signal-caller Eli Manning, but both will need to focus on the task at hand.

With the Green Bay Packers getting knocked out Sunday, oddsmakers had to offer no value on this squad due to the amount of money it has attracted over the course of the entire season.

A terrible wager in my opinion—even if the Patriots win it all.

Super Bowl Odds: Even