Colts Odds 2023 | Best Colts Spreads, Props, & More

Last Updated: Aug 26, 2022

Best Colts Betting Lines 2023

The Indianapolis Colts will enter the 2022 NFL season with a new face at quarterback and high expectations. Matt Ryan is taking over under center in place of Carson Wentz, and the team is eyeing the AFC South title.

Ryan has been the face of the Falcons franchise since Atlanta selected him with the No. 3 overall pick in the 2008 NFL Draft. He departs as the team’s all-time winningest quarterback, leading the Falcons to the postseason six times and the Super Bowl once (we all know how that one ended).

Things haven’t been quite the same for Ryan since that 28-3 halftime lead over Tom Brady‘s New England Patriots disappeared. The Falcons have suffered four straight losing seasons with Ryan at the helm and decided to go in a different direction this offseason.

Atlanta’s loss is Indianapolis’ gain, as the Colts have found their fifth different Week 1 starting quarterback in as many years. The position has been one of uncertainty since the early retirement of Andrew Luck, who will only be 33 years old in September.

With Ryan under center next season, do the Colts’ chances of winning Super Bowl 57 improve? What are Indianapolis’ best bets for 2022-2023?

Colts Futures Betting Odds

Note: These Colts futures bet odds are current as of Monday, Aug. 22 at 1 p.m. ET and courtesy of Caesars Sportsbook. You can find more odds at these US betting sites. Be careful, as many of these NFL futures odds might shift as we get closer to the 2022 NFL season.

  • Win Total: Over 10 (-115) / Under 10 (-105)
  • Make Playoffs: Yes (-160) / No (+140)
  • Win AFC South: (-125)
  • Win AFC Championship (+1300)
  • Win Super Bowl 57 (+2500)

🏈 to place any of these Colts futures bets at Caesars Sportsbook.

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Colts Super Bowl 57 Odds

Colts to Win Super Bowl (+2500)

Each of the last two offseasons, Colts GM Chris Ballard has brought in a veteran quarterback with the hope they could take Indianapolis on a deep postseason run. Neither move paid dividends.

In 2020, the Colts brought in Philip Rivers on a one-year deal in what turned out to be the final season of his NFL career. Rivers led Indianapolis to an 11-5 record, but the Colts bowed out of the postseason in a Wild Card loss to the Buffalo Bills.

Miss the postseason altogether in 2021 was probably even more disappointing, especially when you consider the breakout campaign that running back Jonathan Taylor put together in his sophomore season.

It wasn’t all Wentz’s fault, but his two sub-200-yard passing days in Week 17 and 18 losses certainly put a damper on the campaign as a whole.

Now, Ryan will look to revitalize both the Colts and his own career, which has taken a bit of a turn in recent years. The 37-year-old will have a lot more help around him in Indianapolis, however, as he’s lacked pass protection and gotten minimal help from his defense over the past four seasons.

Ryan will now take over an offense where Jonathan Taylor is the focal point. He has a talented offensive line, a solid playmaker on the outside in Michael Pittman Jr., and a reliable tight end in Mo Alie-Cox.

A few more weapons would be nice, but this a team that finished second in the league in rushing at 149.4 yards per game. Pair that with a defense that allowed only 21.5 points per game (T-9 in the NFL) and Ryan doesn’t really have to do too much to have success.

While success is nice, the real question is: Can the Colts legitimately compete for a Super Bowl with this plug-and-play formula?

Personally, I don’t think so.

Ryan hasn’t shown his 2016 MVP-level form in some time. He’s probably a slight upgrade on Wentz when given the proper protection and weapons, but he doesn’t stack up with the young star quarterbacks in the league, let alone those in the AFC, anymore.

When looking at Indianapolis’ Super Bowl odds (+2500) and comparing them to teams like the Ravens and Bengals, it’s hard to come up with reasons to bet the Colts over more enticing options.

Colts AFC Championship Odds

Colts to Win AFC Championship (+1300)

After adding Ryan, the Colts currently have the seventh-best odds of any AFC team to reach Super Bowl 57. Indianapolis is decidedly in the AFC’s middle tier with the Bengals (+1100), Raiders (+1600), Browns (+1800), and Titans (+1800).

In the modern NFL, it’s very difficult to win without a dynamic passing attack, and the AFC is chock-full of them. I don’t see the Colts making the leap from missing out on the playoffs to making the Super Bowl just because of Matt Ryan.

This experiment feels more likely to end the way the Rivers’ one did in 2020.

Colts AFC South Winner Odds

Colts to Win AFC South (-125)

The Colts are the favorites to win the AFC South at (-125), just ahead of the Titans (+170) and well above the Jaguars (+650) and Texans (+3500).

Indianapolis shockingly hasn’t won a division title since 2014. Since then, Houston has won the AFC South four times, Tennessee twice, and Jacksonville once.

The Titans, winners of the AFC South the past two seasons, stick out as the biggest threat to the Colts as Derrick Henry will be back at full strength. The Jaguars could also be an emerging threat, but it’s unlikely that they’ll make such a significant leap this year.

I do think the Colts are legitimate contenders in this division, however, especially since it should be a two-horse race. The Titans and the Colts are very similar squads and the upgrade from Wentz to Ryan could be enough to put Indianapolis over the edge.

Colts Make Playoffs Odds

Colts to Make Playoffs (-160)

The AFC may be stacked against them, but the Colts shouldn’t have too difficult a time qualifying for the playoffs this season. Their path to the AFC South title is relatively clear, and they should control their own destiny for most (if not all) of the season.

Injuries at key positions could derail their hopes, but even if Ryan has an average season, the Colts should have enough in the tank to make a postseason appearance.

Colts Win Total Bets 2023

Colts: Over 10 Wins (-115)

The Colts have the third-easiest schedule in the league this season, trailing only the Eagles and Giants. The fact that they get two matchups with both the Jaguars and Texans helps quite a bit, but there are a handful of other gift-wrapped wins on their schedule as well.

On October 30, the Colts will host Wentz and the Commanders. A few weeks later, both the Eagles and Steelers will visit Indianapolis. Finally, their second-to-last game of the year is a road bout with the Giants.

Asking this team to record 11+ wins this season isn’t much of a stretch. They’ll be tested in spots, but Indianapolis was fortunate to avoid getting the likes of the Bills, Ravens, Bengals, or even the Dolphins on its slate.

Colts Prop Bets 2023

Matt Ryan to Win NFL MVP (+4500)

If you’re betting this, you’re probably a diehard Colts fan.

Sure, anything is possible, but given how much Indianapolis is likely to rely on the ground game again in 2022, it’s not likely.

Jonathan Taylor to Record Most Regular Season Rushing Yards (+400)

Even with the Colts’ improved passing attack and the return of Derrick Henry, Taylor remains a massive threat to lead the league in rushing yards. The 23-year-old went for 1,811 yards in 2021, leading the league in total carries, touchdowns, yards per game, and yards from scrimmage.

Henry’s 2,000-yard rusher in 2020 may put you off from betting in favor of Taylor, but he’s the odds-on favorite for a reason.

How to Bet Colts Moneylines

A moneyline bet is the most simple NFL wager available. To place your bet, all you have to do is choose who you think will win a game. If the team you chose wins, you win your bet.

You’ll see the odds for moneylines change depending on a team’s implied probability of winning (or losing) that game. If a team is favored, they will have a minus symbol (-150), while the underdog will have a plus symbol (+150).

For example, if the Colts are a (-200) favorite against the Texans, you would have to bet $20 to win $10. If they’re a (+200) underdog against the Chiefs, for example, you can win $20 off a $10 bet.

  • 2021 Colts Moneyline Record: 9-8-0

How to Bet Colts Spreads

Betting on spreads is the most popular way to wager on NFL games. This type of betting presents two options with the same price, no matter how different those teams are. In short, the spread is the number of points the favorite is expected to beat the underdog by.

Let’s say that the Colts are a 6.5-point favorite against the Jaguars. On a sports betting app or website, it would look something like this: Colts -6.5 (-110) vs Jaguars +6.5 (-110).

Using the numbers above, the Colts would need to win by seven points or more to cover the spread.

  • 2021 Colts Against the Spread Record: 10-7-0

How to Bet Colts Over/Unders

Even if you’re unsure about the Colts’ moneyline or spread, you can still get involved in betting on their games by taking a look at the over/under, or total.

These will be set to determine how many total points are expected to be scored in a given game. Then, with this number in mind, you can decide if you think there will be more or less points scored.

Being familiar with how well the Colts score the ball is important here, but it’s also key to understand how their opponent plays as well.

  • 2021 Colts Over/Under Record: 8-9-0


John Arlia

Before joining The Game Day, John served as the National Writer for the United Soccer League, where he primarily covered the USL Championship out of the league’s headquarters in Tampa, FL. A devout soccer fan, John attended the last two men’s World Cups in Brazil and Russia and can’t wait for the 2026 edition to come to North America. Having also written for Sporting News Canada since getting his master’s from the Walter Cronkite School of Journalism at ASU, John has acquired a diverse sporting background, but considers football, golf, and soccer his three strong suits.

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