NFL Power Rankings: Week 2 Standings Based on Latest Super Bowl Odds

When it comes to the Super Bowl, nobody knows better than Las Vegas.

As an extension, this means bettors can grab a pretty grand understanding of league hierarchy by looking at how the odds stack up when thrown into order. It's just one week into the season, but the odds update on a day-to-day basis to protect the house.

For now, the usual suspects align in the usual spots. Russell Wilson and the Seattle Seahawks rest up front, with the seemingly ever-rebuilding Jacksonville Jaguars at the bottom.

Below, let's take a look at the order and break down some of the notable odds.

Week 2 NFL Power Rankings Based on Super Bowl Odds

Rank	Team	SB Odds
1	Seattle	15-2
2	Green Bay	5-1
3	New England	6-1
4	Philadelphia	12-1
5	Indianapolis	12-1
6	Dallas	14-1
7	Denver	14-1
8	Miami	25-1
9	Arizona	25-1
10	Kansas City	25-1
11	Baltimore	25-1
12	Buffalo	25-1
13	Atlanta	28-1
14	Pittsburgh	33-1
15	San Diego	33-1
16	San Francisco	33-1
17	Cincinnati	33-1
18	Minnesota	40-1
19	St. Louis	40-1
20	Carolina	40-1
21	New Orleans	50-1
22	Detroit	50-1
23	Houston	66-1
24	NY Giants	66-1
25	NY Jets	66-1
26	Tennessee	75-1
27	Chicago	125-1
28	Tampa Bay	200-1
29	Washington	200-1
30	Cleveland	200-1
31	Oakland	200-1
32	Jacksonville	500-1

Odds courtesy of Odds Shark.  

Odds Breakdown

Interesting Shift of the Week: Indianapolis (12-1)

Opening week can crush a team's odds.

It seems to be the Indianapolis Colts this time around after a 27-14 loss against the Buffalo Bills. Andrew Luck's team entered with 17-2 odds and now sits at 12-1. It's not the worst drop in the world, but bettors may want to jump all over it.

Las Vegas might have overreacted here. The Bills aren't the same old Bills, not with coach Rex Ryan running things, a defensive mastermind using pieces such as Mario Williams and infusing an offense with LeSean McCoy.

Luck struggled against the blitz-happy unit, throwing for 243 yards with a pair of scores and picks. Big-name adds such as Frank Gore didn't do much, rushing eight times for 31 yards. Andre Johnson caught four passes for 24 yards—on 10 targets.

Still, as ESPN.com's Marty Callinan wrote, odds are great for the Colts thanks to the division: "Thanks to playing in the AFC South, the Colts still have the second-highest playoff chances in the NFL, despite the 0-1 start. FPI gives them a 70 percent chance to make the playoffs, which trails the Packers at 92 percent."

Look for the Colts to get back on track against the New York Jets on Monday Night Football. An easy division will help keep the Colts in the thick of things while they get healthy and figure out the defense.

Odds Sure to Improve: Houston (66-1)

Patric Schneider/Associated Press

A quarterback controversy usually tanks a team's odds, but how long can Las Vegas ignore a squad led by J.J. Watt?

The Houston Texans lost to a strong Kansas City Chiefs squad 27-20 to open the season. While a home game, there's not a lot of shame in losing to a playoff contender. Concerning, though, was the play of quarterbacks Brian Hoyer and Ryan Mallett, who combined for a 26-of-47 line with 298 yards and two touchdowns to one pick.

Coach Bill O'Brien won't reveal who gets the start from here on out, per Around The NFL:

It's a concerning situation, but not enough to write off the Texans as a team forever destined to hang around with these odds.

Watt's defense looked impressive against the rush, holding Jamaal Charles to 16 carries for 57 yards. If it can find a way to force more pressure and prevent someone such as Alex Smith from tossing three scores, the Texans look like a playoff hopeful just like last season.

Oh, and don't forget the team continues to play without star back Arian Foster. He's still recovering from an injury, but when he gets back, it's not hard to see why the offense would receive a major boost and place less stress on the defense to win games.

Value Pick to Consider Cincinnati (33-1)

Ben Margot/Associated Press

Now here is a good payout bettors should feel comfortable with.

The Cincinnati Bengals flirted with the 50-1 area before the season, but it's not hard to see why the house is quickly moving to protect itself. The Bengals just trounced the Oakland Raiders in Oakland in a 33-13 whipping.

It might not sound like much, but the Bengals look like one of the deepest teams in the league on both sides of the football. Andy Dalton is a capable quarterback, especially when A.J. Green catches five passes for 63 yards and tight end Tyler Eifert looks healthy and nabs nine receptions for 104 yards and two scores.

"We got the looks that we wanted," Dalton said, per the Associated Press (via ESPN.com). "Our guys made plays. I think that's what it came down to. We executed exactly how we wanted to and it allowed us to have big games."

By now, everyone knows the Bengals will at least field a stout defense. The line looks like one of the best in the league thanks to explosive tackle Geno Atkins, and the secondary touts a hodgepodge of strong contributors, including Leon Hall, Adam Jones and Reggie Nelson. 

Getting out of the AFC North won't be easy, but the sky looks like the limit for the Bengals if the roster can stay healthy. It's a long season, but the odds here might never reach to this payout again, so it's a strong line to consider.

Stats courtesy of NFL.com and are accurate as of September 16. All advanced metrics courtesy of Pro Football Focus.