Tracking the Colts Super Bowl Odds: Week 3

Fact Checked by Shannon Lane
Colts Super Bowl Odds

Key Takeaways

  • πŸ”₯ The Colts Super Bowl odds moved to +13000 on DraftKings following their Week 2 win over the Texans.
  • πŸ“ˆ Using implied probability, the Colts have a 0.8% chance to win Super Bowl LVIII.
  • 🏈 After Week 2, the Colts have moved ahead of the Bears, Panthers, Cardinals, and Houston Texans (+30000).
 
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The Colts looked great in the first half against their AFC south rival Houston Texans. Anthony Richardson completed 60% of his passes while rushing for 35 yards and two touchdowns. However, for the second week in a row, Richardson had to leave the game due to injury. The Colts rookie QB is now in concussion protocol and could miss this week's game against their toughest opponent yet, the Baltimore Ravens.

For the second straight week, the Indianapolis Colts defense had an impressive showing. Indianapolis forced 3 fumbles and recovered two of those for turnovers. As a team they also logged six sacks and 10 tackles for loss.

QB Gardner Minshew will step in if Richardson can't go this week against the Ravens. Minshew has proven himself as a serviceable backup in the past, thought he had a chance to win against Jacksonville in Week 1 and fell short.

The major concern currently is how to stop Richardson from getting injured. A season-ending injury for their first-round QB would not only be detrimental to the Colts playoff chances but the future of the franchise as well. His health could cause a massive shift in all futures markets for the Colts. 

That's something to keep an eye on for all bettors, but specifically those in KY now that retail Kentucky sports betting is live and mobile sports betting is set to launch Thursday, Sept. 28.

Colts Super Bowl 58 Odds: September 2023

The Colts Super Bowl odds are +13000, per DraftKings Sportsbook Kentucky. Despite the shift in their odds, I would be hesitant on adding any Colts futures until after Anthony Richardson is out of concussion protocol. Below, you can see their odds of winning the Super Bowl, AFC championship, and AFC North, and their odds of making or missing the playoffs:

⬇️ Colts Odds to Win SBLVIII+1300
🏈 Colts Odds to Win AFC+10000
⬇️ Colts Odds to Win AFC South+700
⬇️ Colts Odds to Make Playoffs+275
⬆️ Colts Odds to Miss Playoffs-370
βœ… Last Updated:September 22, 2023

Implied probability is the conversion of betting odds into a percentage. Doing this takes into account the bookmaker margin to show the expected probability of a bet occurring. Knowing how to convert odds into probability is crucial because it helps you understand the value of a specific market. If you believe there's a higher chance of a bet winning than the implied probability, that represents value and is considered a good bet.

The equation for calculating implied probability differs between favorites and underdogs. Both are shown below:

  • Negative odds / (Negative odds + 100) * 100 = implied probability
  • 100 / (Positive Odds + 100) * 100 = implied Probability 

Here is an example of using both with the Colts chances to make and miss the playoffs:

  • βœ… To miss playoffs: (-370) 370 / (370+ 100) * 100 = 78.82%
  • 🚫 To make playoffs: (+275) 100/ (275 +100) * 100 = 26.27%

πŸ”₯ MORE: Best NFL Betting Apps

 
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Colts Super Bowl Odds vs. AFC South

The Jaguars lead the AFC South in Super Bowl odds at +2500 to win it all. Jacksonville is 1-1 on the season after a loss to Kansas City last week.

Second among AFC South teams in futures bet odds is the Titans, currently at +7500. The Titans odds to win the Super Bowl shortened this week from +10000 following their close win over the Chargers in Week 2. This week they are scheduled to take on the Browns, who are coming off of a short week after playing on Monday Night Football.

After QB Gardner Minshew led the Colts to a 31-20 win over Houston, Indianapolis saw their Super Bowl odds move from +15000 to +13000. The current question now is: Can Anthony Richardson stay healthy enough to get them to the playoffs?

The longest odds to win the super bowl in the AFC Southβ€”and the NFL overallβ€”belong to the Houston Texans, currently at +40000. Now set to take on the AFC South-leading Jaguars, Houston will need to pull off an upset to avoid starting 0-3.

Only 1 team has made the playoffs after starting 0-3 dating back to 2002. Coincidentally enough it was the Texans in 2018.

πŸ”₯ MORE: Colts vs Texans Odds for Week 18

Indianapolis Colts Week-by-Week Super Bowl Odds

After picking up their first win of the season on the road against Houston, Indianapolis moved to +13000 (0.8% implied probability) on DraftKings Sportsbook to win Super Bowl LVIII.

⭐️ Week 1+15000
⭐️ Week 2+15000
⭐️ Week 2+13000
βœ… Last Updated:September 22, 2023

 

Latest Updates Impacting Colts Odds to Win SB LVIII

I will be tracking breaking news and developments this offseason that could impact the Colts' playoff chances and listing them below.

  • πŸ“… Sept.. 19: Colts sign RB Trey Sermon to the practice squad.
  • πŸ“… Sept. 19: QB Anthony Richardson and center Ryan Kelly are both placed in concussion protocol. Both are questionable for Sunday against the Ravens.
  • πŸ“… Aug. 29: RB Jonathan Taylor will start the season on the PUP list, guaranteeing he'll miss the first 4 games of the season and indicating a trade is not imminent.
  • πŸ“… Aug. 21: The Colts allow Taylor to seek a trade.
  • πŸ“… July 29: Taylor requests a trade from the Colts after meeting with owner Jim Irsay.
  • πŸ“… April 27: Richardson is drafted fourth overall by the Indianapolis Colts.
  • πŸ“… March 15: QB Matt Ryan is released by the Indianapolis Colts.
  • πŸ“… Feb. 14: The Colts hire Eagles OC Shane Steichen as their new head coach.

I will continue to add to this list as more Colts news breaks, so bookmark this page to keep up to date.

Indianapolis Colts Schedule and Betting Lines

πŸ“… Week 1❌ FINAL: JAX 31, IND 21
πŸ“… Week 2βœ… FINAL: Colts 31, HOU 20
πŸ“… Week 3 @ BAL🏈 IND +7.5, ML +270
πŸ“… Week 4 vs. LAR🏈 IND +1.5, ML +100
πŸ“… Week 5 vs. TEN🏈 TBD
πŸ“… Week 6 @ JAX🏈 TBD
πŸ“… Week 7 vs. CLE🏈 TBD
πŸ“… Week 8 vs. NO🏈 TBD
πŸ“… Week 9 @ CAR🏈 TBD
πŸ“… Week 10 @ NE🏈 TBD
πŸ“… Week 11: BYE🏈 N/A
πŸ“… Week 12 vs. TB🏈 TBD
πŸ“… Week 13 @ TEN🏈 TBD
πŸ“… Week 14 @ CIN🏈 TBD
πŸ“… Week 15 vs. PIT🏈 TBD
πŸ“… Week 16 @ ATL🏈 TBD
πŸ“… Week 17 vs. LAR🏈 TBD
πŸ“… Week 18 vs. HOU🏈 TBD
βœ… Data Verified by ExpertSeptember 22, 2023

With their win over Houston, Indianapolis moved from +8.5 vs. the Baltimore Ravens down to +8. Despite Anthony Richardson currently being in concussion protocol, the Colts have moved yet again as of Wednesday night to +7.5.

The Colts were originally +7.5 against the Ravens on the look-ahead line in the preseason.

πŸ”₯ MORE: Colts vs Jags Odds for Week 6

 
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Key Contributors Toward Colts Super Bowl Odds

The Colts' biggest question is whether or not first-round draft pick Anthony Richardson can stay healthy. QB Gardner Minshew may not have lost the game after Richardson went down against Houston. But, there is a considerable drop off when it comes to his ability as a mobile quarterback.

Indianapolis is also expect to be without Jonathan Taylor until at least Week 5. There have yet to be any updates about potential trade partners for the star RB despite multiple injuries to top rushers around the league. That doesn't mean he won't be moved, though.

Until he returns or ultimately traded, the Colts will rely on Zach Moss in the backfield. Moss carried the ball 18 times against Houston for 88 yards and a touchdown. The return of Moss from a broken arm saw Deon Jackson limited to only special-teams snaps against the Texans.

Leaning into the passing attack this week could be a solid game plan against the Ravensβ€”and not just because Richardson is out. Baltimore has held their first two opponenets to just 138 combined rush yards.

Minshew will have plenty of options downfield. Michael Pittman Jr. currently leads the Colts with 153 yards on the season and one touchdown. Despite not being the first option in the end zone, Pittman holds a large margin over the rest of the team when it comes to targets, currently at 23 on the season. The next two Colts pass catchers, WR Josh Downs and TE Kylen Gragson, combine for just 22.

Downs has been this year's breakout receiver for the Colts, taking the starting role from Isaiah McKenzie in the preseason.

One passing option that can hopefully be worked in more is second-year WR Alec Pierce. A season ago, Pierce racked up more than 500 yards. Through two games of the season, he's caught three pass on just five targets for 33 yards.

With a QB1's availability in doubt against the Top 3 FPI team, you might think this game is a loss before it even kicks off. However, when you have a solid backup QB and a defense that has impressed like the Colts' has, that is far from the case.

On defense through two weeks, the Colts rank 7th in points allowed and have 4 forced fumbles, 8 sacks, and 17 total tackles for loss. The unit has a whole has been successful but Zaire Franklin, DeForest Buckner, Shaq Leonard, and Julian Blackmon have been the top playmakers.

Franklin has already hit 30 total tackles on the season, double more than any other player in Indianapolis. Buckner has been been a force behind the line of scrimmage, logging 2 sacks and 3 total tackles for loss through the first two games.

πŸ”₯ Learn More: Latest BetMGM Kentucky Bonus Code

 
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Where Can I Bet on the Colts Odds to Win Super Bowl 58?

Suppose you're located in a state that already has legal sports betting. In that case, you can bet on the Indianapolis Colts to make the playoffs at any legal sportsbook, such as DraftKings, Fanduel, BetMGM, or Caesars. 

Retail locations are live in the state currently, with Kentucky sportsbook apps set to launch on September 28. All four previously listed sportsbooks are expected to be available in Kentucky along with Circa Sports, Bet365, Fanatics, and Penn Entertainment (Barstool/ ESPN Bet).

  1. βœ… Download the app you want to sign up for.
  2. βœ… Create a new account, including personal information such as name, address, email, and date of birth. Choose a username and password.
  3. βœ… Fund your account. Most sportsbooks will offer a variety of ways to deposit money, including but not limited to Debit/Credit card, PayPal, online banking, Venmo, ACH bank transfer, Apple Pay, or wire transfer.
  4. βœ… Place your bet! Select the specific bet market and type you are interested in, enter the amount you want to wager, and confirm your bet.

This process will vary slightly depending on which sportsbook you use but should be somewhat similar across all Kentucky sportsbooks.

 
Must be 21+ and present in KY. Bonus issued in non-withdrawable bonus bets that expires 30 days after FanDuel accepts its first real money sports wager in KY (β€œGo Live Date”). Unique user identity verification required. Offer ends on the Go Live Date. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER

Popular Bet Types on Colts Super Bowl Odds

Futures are one of the most popular types of bets you can make on the Colts Super Bowl odds. But they are just one of the many options available.

Latest Promotions

Kentucky sports betting promotions are already available when you sign up for a new account before the September 28 launch date. Here's a couple of the early sign up offers we like:

  • ⭐️ BetMGM Kentucky is offering $100 in Bonus Bets if you sign up early.
  • ⭐️ DraftKings Kentucky is offering $200 in Bonus Bets if you sign up early.
  • ⭐️ FanDuel Kentucky is offering $100 in Bonus Bets when you sign up early.
  • ⭐️ bet365 Kentucky is offering $10 for every TD scored during the Week 4 Lions-Packers game when you sign up early.

Futures Bet

One of the most common ways to bet on the Super Bowl is through future bets. A Super Bowl future is a bet on a team to win the Super Bowl in the future. Odds open as soon as the previous season ends and fluctuate the entire year right up until the Super Bowl. You can bet on Colts future odds at any available sportsbook under the NFL futures market.

Point Spread Bets

Point spreads are a wager on a team to win by more or less than the spread listed. For example, if a team is listed as a 3-point favorite, they have to win by at least 4 points to cover the spread. If a team is listed as a 3-point underdog, they either need to win outright or lose by less than 3 points if a 3-point favorite wins by exactly 3 points, bets on the favorite and underdog are considered a push and voided to return the original risk amount.

Player Props

Player props are wagers on one specific player to have more or less than the offered amount of a specific statistic. An example of a Colts player prop that should be available for almost any regular season game is Anthony Richardson's over/under total passing yards.

Indianapolis Colts Super Bowl History

The Indianapolis Colts technically have only two Super Bowl wins. Before the NFL-AFL merger, they also won two NFL championships back to back in 1958 and 1959. The Colts appeared in two other Super Bowls, losing to the New York Jets in 1969 and the Saints in 2010.

Indianapolis is one of only three teams in the History of the NFL to win Super Bowls representing multiple cities. The Baltimore Colts won Super Bowl V, beating the Dallas Cowboys 16-13. The only other teams to win while representing multiple cities are the Raiders and the Rams.

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Have the Indianapolis Colts Ever Won the Super Bowl?

The Indianapolis Colts won their first Super Bowl in 1971. The game took place at the Orange Bowl in Miami, Florida. Super Bowl V was noteworthy specifically for how close the game was. Both the Colts and Cowboys racked up multiple turnovers and penalties throughout the game. Jim O'Brien won the game for the Baltimore Colts with a field goal in the final seconds to beat Dallas 16-13. Still to this day, Chuck Howley is the only player from a losing team to win Super Bowl MVP.

Wildly enough, the Colts second Super Bowl was also played in Miami, this time at Dolphin Stadium. Super Bowl XLI is remembered as one of the only Super Bowls to be played in rainy conditions. The 2007 Super Bowl also marked only the second time across the fourth North American major professional sports leagues that two African American head coaches faced each other in a championship game or series. 

Devin Hester's 92-yard opening kickoff return for a touchdown is remembered as one of the greatest plays in Super Bowl history. However, it would not be enough for the Bears to come away with the win as Peyton Manning led the Colts to a 29-17 victory, winning the MVP award along the way.

How Many Super Bowls Have the Indianapolis Colts Won?

The Indianapolis Colts have two Super Bowl wins in four appearances in the big game. Indianapolis is tied with five other franchises for 11th all-time in Super Bowl Wins.

Which Years Did the Indianapolis Colts Go to the Super Bowl?

Indianapolis has gone to the Super Bowl on four separate occasions.

  • ❌ 1968-69 (Super Bowl III): New York Jets 16, Baltimore Colts 7
  • βœ… 1970-71 (Super Bowl V): Baltimore Colts 16, Dallas Cowboys 13
  • βœ… 2006-07 (Super Bowl XLI): Indianapolis Colts 29, Chicago Bears 17
  • ❌ 2009-10 (Super Bowl XLIV): New Orleans Saints 31, Indianapolis Colts 17

How Many Times Have the Colts Been to the AFC Championship Game?

Indianapolis has made it to the AFC championship seven times. The Colts' first AFC Championship appearance came in 1971 against the Oakland Raiders. The Colts beat the Raiders 27-17 and went on to win the Super Bowl the same year.

From 1972-2004, the Indianapolis Colts would make the AFC Championship three separate times. Each time, they met a different team but unfortunately saw the same outcome: losing all three. During their 7 total appearances, the Colts have never won an AFC championship in which they scored less than 21 points.

The Colts most recent trip to the AFC championship came in 2015. The Colts were no match for the New England Patriots, though, losing 45-7. It marked the third time Indianapolis had met the Patriots in the AFC championship, their only win over New England coming in 2007.

 
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Indianapolis Colts Preseason Super Bowl Odds Every Year Since 2000

The Colts Super Bowl odds are currently +15000, according to DraftKings Sportsbook. And while they have been a long shot in the past, this would be the longest preseason Super Bowl odds for the Colts dating back to 2000. Here's a look at the Colts' preseason odds from past years.

  • πŸ“Š 2023: +15000
  • πŸ“Š 2022: +2000
  • πŸ“Š 2021: +3500
  • πŸ“Š 2020: +2500
  • πŸ“Š 2019: +8000
  • πŸ“Š 2018: +5000
  • πŸ“Š 2017: +10000
  • πŸ“Š 2016: +2000
  • πŸ“Š 2015: +800
  • πŸ“Š 2014: +2200
  • πŸ“Š 2013: +3500
  • πŸ“Š 2012: +12500
  • πŸ“Š 2011: +1600
  • πŸ“Š 2010: +800
  • ❌ 2009: +1400 (lost Super Bowl)
  • πŸ“Š 2008: +750
  • πŸ“Š 2007: +800
  • βœ… 2006: +600 (won Super Bowl)
  • πŸ“Š 2005: +500
  • πŸ“Š 2004: +650
  • πŸ“Š 2003: +3500
  • πŸ“Š 2002: +1500
  • πŸ“Š 2001: +1200
  • πŸ“Š 2000: +1000
 
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Colts Super Bowl Odds FAQ

Author

Keg is an NFL, CFB and college basketball betting expert in Kentucky with years of gambling experience. He'll dig into the latest odds and updates in the lead up to legal sports betting's launch in Kentucky.

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