A stunning loss in the regular-season finale left the Indianapolis Colts on the sidelines for the NFL playoffs. An offseason of intrigue followed as the team parted ways with Carson Wentz while swinging a trade to bring veteran signal-caller Matt Ryan to Indianapolis.
According to the latest futures odds, the move is an upgrade. The Colts are the favorites to win the AFC South, and they are a dark horse contender to win it all based on the latest Super Bowl odds. The Colts will begin this season on the road as big favorites over the Houston Texans. Here’s a closer look at the latest Colts betting odds and angles.
Indianapolis Colts odds: Spread, moneyline and over/under
Week 1 odds: Colts biggest favorite on Week 1 slate for date with Texans
A final record of 9-8 left the Colts on the outside looking in at last year’s NFL playoffs. The Texans were well off the pace at 4-13, finishing in third place in the AFC South race, one spot behind Indianapolis.
For the coming season, current futures market odds have the Colts as division favorites and Houston lowest on the board.
- Moneyline: Indianapolis has won four straight over its division rival and holds a dominant edge of 32-9 in all-time meetings. Last year, the Colts smoked the Texans twice: 31-3 at home in Week 6 and 31-0 on the road in Week 13. Some of that history is certainly baked into the Week 1 moneyline (Colts -380).
- Spread: Indianapolis is currently the biggest favorite on the board for NFL Week 1 at 7.5 points.
- Over/Under: The total is set at 44.5 in this matchup. In the two meetings last season, Indianapolis did the vast majority of the scoring as the two clubs combined for 34 and 31 points. For the season as a whole, the Colts and Texans had matching records of 8-9 on the over/under.
Indianapolis Colts odds to win the Super Bowl
Last Updated: June 30
When the DraftKings released odds in January, the Colts were at +2800, in the middle of the pack. The team has climbed a bit further up the charts since that point, with current odds of +2200.
The Colts just missed out on the playoffs last season, but current futures odds suggest that they’ll be in the hunt once again. If everything breaks just right, they could contend in the competitive AFC. The Buffalo Bills are the current favorites to win the Super Bowl.
Here’s where the odds of Indianapolis winning the next big game stand at other top sportsbooks:
Indianapolis Colts futures odds for 2022-23
A run to the Super Bowl isn’t out of the question for the Colts, but there are plenty of other ways to wager on how things might shake out in Indianapolis this season. Here’s a run-through of the latest futures odds for the team in other select categories:
Regular season win total
A season ago, the Colts were a nine-win team. The expectation for this season is within the same range, but the odds indicate that more action has been coming in on the over. Indianapolis kicks the season off on the road against the Houston Texans.
Odds to win the AFC South
BetMGM Sportsbook: -105
For the last two seasons, the division chase has come down to the Colts and Tennessee Titans. Indianapolis is the favorite this time around, while Tennessee checks in at +135. The Jacksonville Jaguars and Texans are well back at +700 and +2500, respectively.
Odds to win the AFC
Caesars Sportsbook: +1300
The AFC projects to be incredibly competitive this season. The Colts are currently the eighth choice on the board at Caesars, slightly behind the Cincinnati Bengals and Baltimore Ravens, both at +1200. The Bills are favored to win at +350.
Matt Ryan NFL MVP odds
FanDuel Sportsbook: +4000
It was a trying season for Ryan in Atlanta, while Wentz proved not to be the long-term answer for the Colts. The veteran Ryan checks in with odds of +4000 to have an MVP-caliber season. Josh Allen is the top choice at FanDuel, with odds of +700.
Season-long player prop odds
- Most passing yards: Matt Ryan +2000
- Most rushing yards: Jonathan Taylor +500
- Most receiving yards: Michael Pittman Jr. +4000
Ryan’s output declined last season, but the lack of options on the Atlanta Falcons didn’t help. Taylor is the current favorite to win the rushing crown, while Pittman’s output will largely depend on the new QB.
Indianapolis Colts schedule
|1||Sept. 11||at Houston Texans||1 p.m. ET||-7.5||Colts (-380), Texans (+290)||44.5 pts|
|2||Sept. 18||at Jacksonville Jaguars||1 p.m. ET|
|3||Sept. 25||vs. Kansas City Chiefs||1 p.m. ET|
|4||Oct. 2||vs. Tennessee Titans||1 p.m. ET|
|5||Oct. 6||at Denver Broncos||8:15 p.m. ET|
|6||Oct. 16||vs. Jacksonville Jaguars||1 p.m. ET|
|7||Oct. 23||at Tennessee Titans||1 p.m. ET|
|8||Oct. 30||vs. Washington Commanders||4:25 p.m. ET|
|9||Nov. 6||at New England Patriots||1 p.m. ET|
|10||Nov. 13||at Las Vegas Raiders||4:05 p.m. ET|
|11||Nov. 20||vs. Philadelphia Eagles||1 p.m. ET|
|12||Nov. 28||vs. Pittsburgh Steelers||8:15 p.m. ET|
|13||Dec. 4||at Dallas Cowboys||8:20 p.m. ET|
|15||Dec. 17 OR Dec. 18||at Minnesota Vikings||TBD|
|16||Dec. 26||vs. Los Angeles Chargers||8:15 p.m. ET|
|17||Jan. 1||at New York Giants||1 p.m. ET|
|18||Jan. 7 OR Jan. 8||vs. Houston Texans||TBD|
Indianapolis Colts news and notes
The Colts had a busy offseason, headlined by a change at QB. The team traded Wentz, last year’s starter, to the Washington Commanders and acquired Matt Ryan from the Atlanta Falcons. Stephon Gilmore arrived via free agency, while departures included Mark Glowinski and Marlon Mack.
In the NFL draft, the Colts didn’t have a pick until round two, which they used to select WR Alec Pierce. The club had three choices in round three and selected TE Jelani Woods, OL Bernhard Raimann and S Nick Cross. On paper, the Colts could be better than last season, but the report card may come down to how well Ryan performs in his new digs.
Indianapolis Colts FAQ
Are the Colts a Super Bowl contender this season?
The Colts are a potential dark horse Super Bowl contender. Sportsbooks favor the team to win the AFC South, but they have it toward the middle of the pack in odds to win the conference. Indianapolis projects as a playoff contender, but a Super Bowl run would exceed expectations.
How did the Colts do against the spread last year?
The Colts were 10-7 against the spread last season. The team went 9-8 straight-up on the moneyline and 8-9 on the over/under.
Whom did the Colts add and lose in the offseason?
The Colts traded for Matt Ryan and shipped Carson Wentz to Washington. The team’s top free agent signing was Stephon Gilmore. The club’s first draft pick was Alec Pierce in round two.
What did the Colts give up for Matt Ryan?
The Colts traded a 2022 third-round draft choice to the Falcons in March. Ryan is 37 years old and has two years left on a five-year deal that he signed with Atlanta, so he should be behind center in Indianapolis through at least the 2023 season.