NFL Playoff Picture: Packers vs. Patriots Expected in Super Bowl XLVI

The Green Bay Packers (12-0) and New England Patriots (9-3) sit atop the NFC North and AFC East divisions, respectively, while also possessing a leader that has been named a Super Bowl MVP during his time in the league.

It's definitely no shock that BetOnline is establishing betting odds featuring this matchup, as the entire country would enjoy watching Packers quarterback Aaron Rodgers and Patriots signal-caller Tom Brady trade scores inside Lucas Oil Stadium on Feb. 5, 2012.

Let's take a closer look at three proposition wagers that are current available in the market.

Green Bay Packers or New England Patriots Win Super Bowl

Bettors will definitely be interested in playing the Green Bay Packers or New England Patriots to win Super Bowl XLVI, as many believe you need an elite quarterback to win it all.

Oddsmakers have sent out a number that matches up with that logic.

Having both Tom Brady and Aaron Rodgers in your corner to lift the Lombardi Trophy would seem to be a pretty safe wager.

Green Bay Packers or New England Patriots win Super Bowl (-120)

Field (any other team) wins Super Bowl (-110)

Green Bay Packers or New England Patriots Play in the Super Bowl

If you're in the mood to lay some juice—this proposition wagering has your name written all over it.

Hosting your own Super Bowl XLVI party will be much more festive if either the Green Bay Packers or New England Patriots participate in the game being played on Feb. 5, 2012.

You just need to figure out if it's worth laying the price on these defenses.

Green Bay Packers or New England Patriots play in the Super Bowl (-360)

Neither team plays in the Super Bowl (+250)

Green Bay Packers vs. New England Patriots in Super Bowl XLVI

If you're under the impression that the Green Bay Packers and New England Patriots are the best teams in their respective leagues—then this proposition wager offers some value.

It's important to note that the Packers have outscored opponents by 158 points this year, while the Patriots have scored 362 points and allowed 247.

I'm not a believer.

Green Bay Packers vs. New England Patriots in Super Bowl (+250)

Any other combination of teams (-375)