Best Broncos Betting Lines 2023
Finally, the Broncos have the missing piece in their quest to return to Super Bowl contention.
In a move that stunned many, Denver acquired Russell Wilson and a fourth-round draft choice for two first-round draft picks, two second-rounders, Drew Lock, Noah Fant, defensive lineman Shelby Harris, and a fifth-rounder this offseason.
Wilson will get the chance to win his second title with a team that was seemingly built to push for a championship but just needed a quality quarterback to boost the team to higher possible levels.
With Wilson heading to the Broncos, do Denver’s Super Bowl 57 hopes get stronger? What are the Broncos’ best bets for the upcoming season?
Note: These Broncos futures bet odds are current as of Wednesday, Aug. 31, at 1:30 p.m. ET at Caesars Sportsbook. You can find more odds at these US betting sites. But be careful, as many of these NFL futures odds might shift as we get closer to the 2022 NFL season.
Broncos Futures Betting Odds
- Win Total: Over 10 (+105) / Under 10 (-125)
- Make Playoffs: Yes (-155) / No (+130)
- Win AFC West (+275)
- Win AFC Championship (+900)
- Win Super Bowl 57 (+1600)
🏈 to place any of these Broncos futures bets at Caesars Sportsbook.
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Broncos Super Bowl 57 Odds
Broncos To Win Super Bowl (+1600) at Caesars Sportsbook
Heading into the season, the Broncos have the seventh-best odds to win Super Bowl 57. Denver’s odds had dropped down as far as 12-1 after they acquired Wilson, their first standout QB since Peyton Manning.
The Bills still have the best odds of any AFC team to win the Super Bowl at (+600), and Wilson’s new divisional rival in the AFC West, Patrick Mahomes, has (+1100) odds to win it all with the Chiefs again.
Until last year, Wilson had never been through a losing season or missed any time due to injuries. In 2021, he sat out for three games with a finger injury, and the Seahawks went 7-10. Speculation continued to rage that he could be traded after the 2021 campaign, one offseason after he expressed frustrations after an early playoff exit.
Wilson now goes from a team that had returning to the playoffs as a goal to a Broncos squad that now looks as good as almost any to win the Super Bowl in 2022. He is not “old” for an NFL QB at age 33 and will have a host of notable playmakers around him with the Broncos.
Wilson may no longer be throwing to DK Metcalf and Tyler Lockett, but he has a trio of very promising wide receivers in Jerry Jeudy, Courtland Sutton, and K.J. Hamler, plus the support of potential star running back Javonte Williams, who could be a breakout performer in 2022. The Broncos also had a top-three defense in terms of scoring last season.
There are still some reasons to avoid backing Denver. Last season, the Broncos offensive line ranked 19th according to Pro Football Focus. Wilson will also have to get past Patrick Mahomes and Josh Allen just for the right to play for the Lombardi Trophy.
Wilson is still one of the better quarterbacks in the game, and he is still in a career window where he certainly can push for another Super Bowl title. But we still may have not seen Allen and the Bills deliver their best season, and Mahomes will be hungry to get back to the Super Bowl after a very disappointing end to the 2022 campaign.
Denver is now a sensible Super Bowl bet, but the Bills, Chiefs, Buccaneers, and Packers are all proven contenders that could surely stand in the way.
Broncos AFC Championship Odds
Broncos To Win AFC Championship (+900) at Caesars
Caesars Sportsbook currently lists the Broncos at (+900) to win the AFC. For Wilson to play in his third Super Bowl, he may have to slay the Chiefs. Kansas City (+600) has hosted four consecutive AFC Championship games.
There’s also the Bills, who had the best defense in the AFC last season. With Buffalo bolstering its running game and adding help in the secondary, it could be very hard for Denver to prevent the Bills from reaching the Super Bowl for the first time since 1993. The Bills are favored to win the conference at (+300).
Denver is clearly one of the top five teams in the conference with the acquisition of Wilson, but the road back to a conference championship won’t be easy. His new team has better personnel around him, and the offensive supporting cast looks very promising.
However, out-dueling Mahomes and/or Allen when it counts most in the AFC playoffs may prove to be a very daunting task. Let’s also not forget the defending AFC champion Cincinnati Bengals (+1100), who are better than Denver at running back and wide receiver.
The Broncos have significantly improved their chances of winning their fourth Super Bowl and ninth AFC Championship, but they are not the prime favorites over Kansas City and Buffalo to represent the AFC in Super Bowl 57.
Broncos AFC West Winner Odds
Broncos To Win AFC West Championship (+275) at Caesars
Wilson left what was the toughest division in the league, the NFC West, to join potentially the most loaded division the NFL has ever seen.
Wilson’s two showdowns with Mahomes will certainly help determine if Denver can win the division, but two matchups with Justin Herbert and the Chargers (+220) won’t be smoothly navigated, either. Even the Raiders have made significant strides this summer, adding star wideout Davante Adams.
Denver’s defense could be a decisive factor that helps the Broncos win the AFC West.
Broncos Make Playoffs Odds
Broncos to Make Playoffs (-155)
It will be interesting to see how many teams make it out of the AFC West this season.
Denver’s division has the most talent of any in the league, which could be problematic as the Broncos know they’ll have at least six tough games. Still, this squad should see its way into the postseason.
Broncos Win Total Bets 2023
Broncos: UNDER 10 Wins (-125)
Getting to 11 wins is going to be tough, even with the additional game.
It could take a while for this offense to gel with Wilson at the helm after he didn’t play at all in the preseason. And as we’ve discussed, playing an AFC West schedule won’t be easy. This feels like a push to me, but the Under is the safer play.
Broncos Prop Bets 2023
Russell Wilson: Wins NFL MVP (+1600)
Wilson is capable of winning his first NFL MVP award with the Broncos, as this could be the best team he has played on since the Seahawks won the NFC in 2014. If Denver wins this division and wins double-digit games, he’ll be a good bet at this value.
How to Bet Broncos Moneylines
If you bet on the Broncos to win a specific game, you’re making a moneyline wager. These are very simple to place.
However, since all matchups aren’t created equal, the odds for NFL moneylines can vary based each team’s implied probability of winning the game. Favorites are often represented by a minus sign (-225), while underdogs are connoted by a plus sign (+225).
Outside of their tough divisional games, Denver will likely be favored in most of their matchups this season. Given the strength of this roster, backing Broncos moneylines may be a worthwhile venture, but remember, you’ll have to risk more to turn a profit on longer favorites.
- 2021 Broncos Moneyline Record: 7-10
How to Bet Broncos Spreads
Against the spread betting is the most efficient way to wager on NFL games, as it presents two evenly priced options. The spread, which is given a point value by sportsbooks, is the number of points that the favorite is expected to win by against the underdog.
If the Broncos are 5-point favorites against the Raiders, the spread for that AFC West contest would look like this: Broncos -5 (-110) vs Raiders +5 (-110).
In this scenario, the Broncos would have to win by at least a touchdown to cover the spread and cash your bet. If they were to win by exactly five points, your bet would push. If they were to lose or win by four points or fewer, your bet would fail.
In 2021, Denver was slightly better against the spread than they were on the moneyline. That could flip in 2022, however, as the Broncos should be more favored in more games with Wilson under center.
- 2021 Broncos Against the Spread Record: 8-9
How to Bet Broncos Over/Unders
Another way to bet on Broncos games is by wagering on the total amount of points scored in a given game.
Each week, oddsmakers set a line for the number of points they expect both teams to combine to score, and then bettors can wager on the Over or the Under.
Last season, Broncos Unders were extremely profitable as they hit at a 70.6% clip. It would certainly be surprising to see that trend continue this year now that Wilson is leading the offense. The Denver defense is still capable of suffocating opposing offenses, but I’d expect the Broncos to have some positive regression towards the Over in 2022.
- 2021 Broncos Over/Under Record: 5-12