Tracking the Colts Super Bowl Odds

Fact Checked by Shannon Lane
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Key Takeaways

  • šŸˆ The Colts' Super Bowl odds are off the board at all sportsbooks.
  • šŸˆ Indianapolis was eliminated from playoff contention in Week 18, thus knocking its Super Bowl odds off the board.
  • šŸˆ The Colts Super Bowl for Super Bowl 59 will be released after Super Bowl 58.
Colts Super Bowl Odds

The Indianapolis Colts had an opporunity to make the playoffs in 2023-24 with a win over the Houston Texans in Week 18. Unfortunately for Indy, the team was not able to beat the Texans, ending the Colts' playoff hopes and Super Bowl aspirations.

Each week I will continue to update the Colts' Super Bowl odds. Bookmark this page to stay in the loop on those changes.

Colts Super Bowl 58 Odds: February 2024

The Colts Super Bowl odds are off the board at DraftKings Kentucky and all other sportsbooks.

Below, you can see the Colts' odds of winning the Super Bowl, AFC championship, and AFC South, and the Colts playoff chances:

šŸˆ Colts Odds to Win SB LVIIIOff the board
šŸˆ Colts Odds to Win SB LIXComing soon
šŸˆ Odds to Win AFC Championship GameOff the board
šŸˆ Odds to Win AFC SouthOff the board
šŸˆ Odds to Make PlayoffsOff the board
šŸˆ Odds to Miss PlayoffsOff the board
āœ… Last Verified:February 27, 2024

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 
Latest Colts Super Bowl Odds vs The Field
Best Odds
Teams Best Odds
49ers
$1,000 First Bet On Caesars
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+550Caesars
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+550Caesars
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+550Caesars
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+500FanDuel
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+500BetMGM
Chiefs
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+650BetMGM
$1,000 First Bet On Caesars
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+625Caesars
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+625Caesars
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+625Caesars
Ravens
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+900Caesars
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Bills
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+1000Caesars
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Lions
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Colts Super Bowl Odds vs. AFC South

The Houston Texans are the only AFC South squad with Super Bowl odds at +5000. The Colts, Jacksonville Jaguars and Tennessee Titans are all off the board due to being eliminated from playoff contention.

Indianapolis Colts Super Bowl Odds Week-by-Week

ā­ļø Week 1+15000
ā­ļø Week 2+15000
ā­ļø Week 3+13000
ā­ļø Week 4+13000
ā­ļø Week 5+13000
ā­ļø Week 6+13000
ā­ļø Week 7+15000
ā­ļø Week 8+15000
ā­ļø Week 9+20000
ā­ļø Week 10+20000
ā­ļø Week 11+15000
ā­ļø Week 12+12000
ā­ļø Week 13+12000
ā­ļø Week 14+7500
ā­ļø Week 15+10000
ā­ļø Week 16+10000
ā­ļø Week 17+10000
ā­ļø Week 18OTB
āœ… Last Updated:February 27, 2024
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Latest Updates Impacting Colts Odds to Win SB LVIII

I will be tracking breaking news and developments this offseason that could impact the Colts Super Bowl odds and listing them below.

  • šŸ“… Jan. 6: The Colts are eliminated from playoff contention with a loss to the Houston Texans.
  • šŸ“… Dec. 12: CB Julius Brents appears on track to return after logging two full practices for the first time since suffering his quad injury in Week 7.
  • šŸ“… Dec. 12: Jonathan Taylor expected to return before the end of the season.
  • šŸ“… Dec. 3: Colts right tackle Braden Smith suffered a knee injury against the Titans.
  • šŸ“… Nov. 28: Jonathan Taylor will have surgery on his thumb, expected to be out 2-3 weeks.
  • šŸ“… Nov. 21: The Colts waive three-time All Pro Shaq Leonard, who was named 2018 Defensive Rookie of the Year.
  • šŸ“… Nov. 11: Kwity Paye suffered a hamstring injury in win over the Patriots.
  • šŸ“… Oct. 31: The Colts make no moves before the trade deadline.
  • šŸ“… Oct. 18: QB Anthony Richardson will have season-ending shoulder surgery.
  • šŸ“… Oct. 8: RB Jonathan Taylor plays in his first game of the 2023 season.
  • šŸ“… Oct. 7: Taylor agrees to terms with the Colts on a three-year, $42M contract extension.
  • šŸ“… Aug. 21: The Colts allow Taylor to seek a trade.
  • šŸ“… July 29: Taylor requests a trade from the Colts after meeting with owner Jim Irsay.
  • šŸ“… April 27: Richardson is drafted fourth overall by the Indianapolis Colts.
  • šŸ“… March 15: QB Matt Ryan is released by the Indianapolis Colts.

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

šŸ“… Week 1āŒ JAX 31, IND 21
šŸ“… Week 2āœ… IND 31, HOU 20
šŸ“… Week 3āœ… IND 22, BAL 19 (OT)
šŸ“… Week 4āŒ LAR 29, IND 23 (OT)
šŸ“… Week 5āœ… TEN 16, IND 23
šŸ“… Week 6āŒ IND 20, JAX 37
šŸ“… Week 7āŒ CLE 39, IND 38
šŸ“… Week 8āŒ NO 38, IND 27
šŸ“… Week 9āœ… IND 27, CAR 13
šŸ“… Week 10āœ… IND 10, NE 6
šŸ“… Week 11: BYEšŸˆ N/A
šŸ“… Week 12āœ… TB 20, IND 27
šŸ“… Week 13āœ… IND 31, TEN 28 (OT)
šŸ“… Week 14 @ CINāŒ IND 14, CIN 34
šŸ“… Week 15 vs. PITāœ… IND 30, PIT 13
šŸ“… Week 16 @ ATLāŒ IND 10, ATL 29
šŸ“… Week 17 vs. LVāœ… IND 23, LV 20
šŸ“… Week 18 vs. HOUāŒ IND 19, HOU 23
āœ… Data Verified by ExpertFebruary 27, 2024

šŸ”„ MORE: Colts vs Texans Odds for Week 18.

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Key Contributors Toward Colts Super Bowl Odds

The Colts had some up-and-down play this season. Jonathan Taylor and Zack Moss led the way on the ground, while Gardner Minshew commanded the offense during the absence of rookie quarterback Anthony Richardson.

The Colts defense had some bright spots. Zaire Franklin was a tackle machine while Julian Blackmon led the team in interceptions.

šŸ”„ Learn More: Latest BetMGM Kentucky Bonus Code

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Indianapolis Colts Preseason Super Bowl Odds Every Year Since 2000

While they have been a long shot in the past, the Colts' preseason odds were the longest Super Bowl odds for the Colts dating back to 2000. Here's a look at the Colts' preseason odds from past years.

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

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

When odds are available, you can bet on the Colts to make the playoffs with Kentucky sportsbook apps now that mobile betting is live. The best NFL betting apps include DraftKings, BetMGM, Caesars, FanDuel and bet365, according to BetKentucky.com's rankings.

To sign up for a sportsbook in Kentucky when mobile wagering begins, the first step will be to download the app you want to sign up for:

  1. āœ… Create a new account, including personal information such as name, address, email, and date of birth. Choose a username and password.
  2. āœ… 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.
  3. āœ… Place your bet! Navigate to the sports section, 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 sportsbooks. All apps mentioned above are live in Kentucky along, with Fanatics and Barstool (soon to be ESPN BET). Circa Sports is also expected to launch sometime this year.

Retail Kentucky sports betting is open at the following locations:

  • šŸ“ Churchill Downs
  • šŸ“ Derby City Gaming
  • šŸ“ Mint Gaming Hall Cumberland
  • šŸ“ Ellis Park
  • šŸ“ Red Mile
  • šŸ“ Newport Racing and Gaming
  • šŸ“ Turfway Park
  • šŸ“ Oak Grove Racing & Gaming
  • šŸ“ Sandy's Racing & Gaming
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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.

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 on the point spread, 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 Gardner Minshew's over/under total passing yards.

Latest Promotions for Colts Super Bowl Odds

Now that online and retail sports betting is open, there are plenty of Kentucky sportsbook promos you can use on the Colts Super Bowl odds or other related markets. We're tracking all the latest and greatest offers at BetKentucky.com.

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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 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.

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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.

šŸ”„ MORE: Colts vs Titans Odds

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

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

  • āŒ 1968-69 (Super Bowl III): New York Jets 16, Baltimore Colts 7
  • āœ… 1970-71 (Super Bowl V): Baltimore Colts 16, Dallas Cowboys 13
  • āœ… 2006-07 (Super Bowl XLI): Indianapolis Colts 29, Chicago Bears 17
  • āŒ 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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Colts Super Bowl Odds FAQ

Author

Wes is an editor and writer for BetKentucky.com. Based out of the Kansas City area, Wes has covered sports professionally since 2015 with a strong emphasis on sports betting and the NFL, though he's also covered pro wrestling, UFC, college sports and more.

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