NRL 2027 premiership betting odds revealed: Roosters back-to-back chance, Perth red-hot wooden spoon favourites

The Sydney Roosters are equal favourites to take out the 2027 NRL premiership in the first set of betting odds revealed this week.

The Roosters, despite losing a host of players at the end of this year including both wingers in Mark Nawaqanitawase (rugby union) and Daniel Tupou (retirement), are equal favourites alongside the Penrith Panthers who will be sweating on Nathan Cleary’s fitness.

The Dolphins are next after an impressive 2026 campaign, while bookmakers also expect the Melbourne Storm to surge back towards the top, equal with the South Sydney Rabbitohs in fourth spot.

The New Zealand Warriors, Newcastle Knights and Brisbane Broncos are the other teams in the top eight of odds, while the Canterbury Bulldogs and Cronulla Sharks are tipped to miss the top eight.

The St George Illawarra Dragons, who comfortably won the wooden spoon this year, have surged, while the Manly Sea Eagles, Parramatta Eels and Canberra Raiders all sit above the North Queensland Cowboys, who are expected to tail off after making the finals this year.

The Wests Tigers, Gold Coast Titans and incredibly long priced Perth Bears round out the competition.

NRL 2027 premiership odds

Penrith Panthers – $6
Sydney Roosters – $6
The Dolphins – $8.50
Melbourne Storm – $9
South Sydney Rabbitohs – $9
New Zealand Warriors – $12
Newcastle Knights – $14
Brisbane Broncos – $15
Canterbury Bulldogs – $26
Cronulla Sharks – $26
St George Illawarra Dragons – $34
Manly Sea Eagles – $36
Parramatta Eels – $36
Canberra Raiders – $41
North Queensland Cowboys – $41
Wests Tigers – $51
Gold Coast Titans – $56
Perth Bears – $201
* Per Sportsbet

The wooden spoon odds are in perfect reverse order, with the Perth Bears paying the incredibly short price of $2.

The Sydney Roosters are the biggest outsider for the spoon given no premier has ever finished at the bottom of the table, paying a fair chunk more than the Panthers, while some of the other valuations may surprise.

Eight teams are paying less than $20 to take home the dreaded last spot in 2027.

NRL 2027 wooden spoon odds

Perth Bears – $2
Wests Tigers – $10
Gold Coast Titans – $10
Canberra Raiders – $13
North Queensland Cowboys – $13
Parramatta – $15
Manly Sea Eagles – $17
St George Illawarra Dragons – $17
Brisbane Broncos – $26
Canterbury Bulldogs – $26
Cronulla Sharks – $26
Newcastle Knights – $41
New Zealand Warriors – $51
Melbourne Storm – $61
South Sydney Rabbitohs – $61
The Dolphins – $71
Penrith Panthers – $81
Sydney Roosters – $101

* Per Sportsbet