Broncos Odds
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We can help you choose the game that’s most appealing for you, and help you understand the different betting types and how you can profit from them.
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Betting on the Broncos: How Are Odds Calculated?
Broncos Futures Odds
A futures bet lets you bet on a sports event that will happen in the future.
Typical futures bets include team win totals, award winners, and player performance. League MVP, the team’s season win, Super Bowl LV champion, and NFL DROY (Defensive Rookie of the Year) are common futures bets.
Below are examples of odds to win NFL DROY:
- Chase Young -110
- Patrick Queen +450
- Kenneth Murray +1000
- Jaylon Johnson +1500
Oddsmakers initially put out futures odds before the beginning of the season to generate interest among punters.
Futures bets allows bettors to capitalize on players they think are favorites to win the award before the odds shift away from their favor.
The odds can also be influenced by the sharps and the amounts at stake.
Sharps are excellent handicappers because they know exactly how to find value in lines. Sharp money is just one of the biggest factors in how bookmakers decide where to open and move their lines.
Moneyline
A moneyline is a straight-up bet on the outcome of a match.
For example, there’s an upcoming match between the Denver Broncos and the Tennessee Titans. Moneyline odds for the match may look like this:
- Denver Broncos +160
- Tennessee Titans -200
You’ll notice that the favorite team has a minus sign (e.g., -200) in front of the odds. The number indicates the stake amount needed to win $100.
On the other hand, the underdog has a plus sign (e.g.+160). The number tells you how much you will win if you stake $100.
The bigger the favorite means the higher the risk to earn back your initial bet. To know the amount of risk/return, simply divide the moneyline odd by 100.
So, if it’s -200, you take -200/100, which results in -2. It means you have to risk twice as much as what you will get in return.
Remember also that not all 3-point favorites have the same moneyline odds. Moneyline odds vary, depending on the point spread that changes on the moneyline, the amount at stake, injuries, and weather.
Point Spread
Point spread betting is wagering on the margin of victory of a match. This is a technique used by oddsmakers to balance a matchup between two teams.
Winning margin betting involves predicting the number of goals or points a team will score by the end of the match.
For example, if the point spread for the Denver Broncos was set at +4.5, for you to win the bet, the Broncos would need to win or not lose the game by over four points.
If the point spread for the Broncos is -4.5, you’ll only win the bet if the Broncos win by at least five points.
A “push” happens when the favored team wins by a margin similar to or within the point spread. When that happens, sports bettors will get their stake back.
Let’s look at another example.
Let’s say the Pittsburgh Steelers are the favorites and the Broncos are the underdogs.
Say the game was a nail-biter, resulting in a 27-24 score with a three-point spread. It would be graded by the sportsbook as a push, and the bet is refunded.
Point spreads usually have odds of -110. So, if you bet $110 and you win, you can get $100 ($11 wins $10).
However, sportsbooks add vigorish (vig) to some spreads, especially if they see a three-point favorite. This fee is in exchange for facilitating the bet.
Totals (Over/Under Bets)
In recent years, scoring on different sports has increased, and many bettors prefer high-scoring games.
Sportsbooks consequently notice this trend on isolated prime time games, such as Monday Night Football.
Increased scoring in a match affects over/under bets since this bet is on both teams’ total scores in a single game.
For example, the Broncos’ matchup with the Dolphins had a projected point total of 43.5 points. Denver won that match 20-13, totaling 33 match points.
The bettors who bet “under” the projected point total would have cashed out.
Oddsmakers also set the game first-half totals and half-time. These totals can fluctuate based on several factors, such as player and team news, money bet on either the over or under, and weather.
Prop Bets
Short for proposition bets, props are bets based on non-occurrence or occurrences during a game or sporting event. Unlike totals or point spreads, these events don’t generally affect the game’s outcome or the final score.
Sportsbooks offer creative options for this type of betting. If you observe the NFL Draft, you will notice quarterback passing yards along with Rookie of the Year, MVP, and other types of players to generate prop bets.
Like Broncos wide receiver Jerry Jeudy, top rookie NFL draft picks have prop bets attached to them after the draft.
For example, for the opening of the 2020-2021 regular season, Jeudy’s prop bet number was set at 824.5 with -112 juice on both sides.
Broncos player Noah Fant was a popular candidate for prop betting. In a match against the Titans, Fant had a projected receiving total of 35.5 yards.
In that match, he recorded a receiving total of 81 yards, giving those who bet the over on his prop the win.
Popular prop bet favorites include individual players like Drew Lock (quarterback, Broncos), Graham Glasgow (guard, Broncos), Phillip Lindsay (running back, Broncos), Patrick Mahomes (quarterback, Kansas City Chiefs), and Tom Brady(quarterback, Bucs).
During one of the big games like Super Bowl LV), a popular player prop was on Tom Brady to throw an interception.
Teasers
A teaser is like placing a parlay bet where you can adjust the total or single spread in your favor. This bet is made by choosing two or more events you think are likely to happen.
Each event chosen for a teaser must win for you to win the bet.
Let’s consider the following example:
- Kansas City Chiefs +4
- Las Vegas Raiders -3.5
- Los Angeles Chargers -2
If you want to bet on these three teams as a teaser, those are the lines you have to beat. The Chiefs need to lose the game by less than 4 points, the Raiders to win by more than 3.5 points, and the Chargers to win by more than 2 points.
In the NFL, though, you can choose a 6, 6.5, or 7 point teaser. If you pick a 6-point teaser, every spread will be moved in your favor for 6 points.
The new spread will now look like this:
- Los Angeles Chargers +4
- Kansas City Chiefs +10
- Las Vegas Raiders +2.5
As the odds have been adjusted in your favor, you only need the Los Angeles Chargers to win or lose by 4 points, the Kansas City Chiefs to win or lose by 10 points, or the Las Vegas Raiders by 2.5 points.
Winning a teaser bet requires that you win all three bets.
In-Play Betting
In-play betting, sometimes called live betting or in-running betting, is betting while the event is taking place. This bet allows punters to place their bets throughout the match, giving advantage mostly to sharps and prepared bettors.
For instance, the range of possible score lines for an NFL game is greater in the first quarter than the fourth quarter.
Note that NFL in-play markets are unique. The combination of situational influence (like the weather, player injuries, and winning streaks), fixed scoring, and frequent tie/lead change scenarios could mean that more intervention and unique strategy is required than usual to win bets.
Sharps who can understand the math and odds quickly, and know the game’s variance have a better chance to beat the sportsbook and earn a profit.
Variance becomes important to sports bettors when considering hot and cold streaks. Over the short term, variance is particularly high in sport because of so many variables that are out of a bettor’s control.
You may lower your variance by cutting down risks during tournaments. For example, you gave yourself more opportunities to win a Super Bowl championship bet by placing bets on three teams: the Broncos, Seahawks, and Patriots.
This strategy lowers the total payout you can take home but gives you more chances to be an overall winner.
Although it’s up to you what betting style you’d use to win, lowering your variance is an overall safe strategy.
Check out our NFL odds section to get the latest odds.
The Win-Draw-Win Strategy
The most important factor in profitable sports betting is understanding odds. Knowing how to calculate odds increases your probability of winning.
One way to succeed as a punter is to compile your own odds. This allows you to compare your prices to those set by the bookmakers.
A straightforward example would be using the simple win-draw-win formula.
Imagine that the Broncos team is traveling to face the Miami Dolphins during the AFC West.
A winning strategy is to look at the Broncos' last 10 away games and the Miami Dolphins’ last 10 home games, as shown in the following example:
Miami Dolphins: last 10 home games: won 3, drawn 3, lost 4
Denver Broncos: last 15 away games: won 3, drawn 4, and lost 3
- To get the Dolphins’ home price: add their 3 home wins to the Broncos’ 3 losses= 6
- To get the draw price: add 3 Dolphins draws to the Broncos’ 4 draws = 7
- To get the Broncos’ away price: add their 3 away wins to Dolphins’ 4 losses = 7
To determine the percentage chances, divide each team’s score by the total number of matches (20 in this case). The next step is to divide 100 by the percentage to express those chances into odds.
Dolphins percentage: 3/20 = 30%
Draw: 7/20 = 35% =
Broncos percentage: 7/20 = 35%
The next step is to divide 100 by the percentage to express those chances into odds.
Dolphins: 100/30 = 3.33
Draw : 100/35 = 2.85
Broncos: 100/35 = 2.85
You now price the market for a home win to be 3.33 and both away and draw at 2.85.
If you think the Broncos are a stronger team this season but the available price is only 2.65, you would likely not bet an away win since it’s lower than your calculation. It could be a bad value bet to continue betting on a price that is below your calculation.
Is Betting on the Denver Broncos Right for You?
Before betting on the Denver Broncos, determine first whether the bet is right for you.
While there are potential rewards, sports betting also comes with risks. Asking yourself these questions can help:
- Do you like sports and particularly the NFL?
- Are you okay with taking risks?
- Can you afford to lose a certain amount of money?
- Do you have an addictive personality?
If your answer is yes to the last question, then the rest is irrelevant. It is not recommended to consider sports betting if you have an addictive personality.
Concerned about the effects of gambling problem? SportsBetting.com provides you some tips on how gambling addiction can affect families. Click here to read.
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Who Are the Denver Broncos?
The Denver Broncos are an American football team in Denver, Colorado. It competes in the NFL (National Football League) as a member of the AFC West (American Football Conference West).
“Bronco” means an untamed horse, which represents the Wild West heritage of Denver. This is why one of the team’s mascots is an Arabian gelding, a breed known for high endurance.
The Denver Broncos are a primary tenant at the Empower Field at Mile High.
It took the team 14 years to establish a reputation as a winning football team. It was only in 1973 when they had a winning season.
It took the Broncos 18 years before they qualified for the playoffs for the first time in franchise history and moved onto Super Bowl XII.
Its early years were a struggle despite winning a match against the Boston Patriots (now New England Patriots) in the first Australian Football League (AFL) in 1960 and beating an NFL franchise in a pre-season game in 1967.
Still, loyal Broncos fans stood by the team throughout the years.
Since 1976, this American football franchise has appeared in 8 Super Bowls and claimed three Lombardi Trophies.
Peyton Manning, one of the greatest NFL quarterbacks of all time, spent four seasons with the Denver Broncos.
Rod Smith and Terrel Davis are all-time leaders of the Denver Broncos based on the number of touchdowns they scored in franchise history.
The NFL Playoffs
Earlier in 2021, oddsmakers gave the Broncos a 14% chance of making it to the NFL playoffs. Most predicted that the team would have a 6-10 finish.
However, as the 2020–21 NFL playoffs ended on February 7, the Broncos have been eliminated from the contention.
The Dolphins, New England Patriots, Carolina Panthers, Cincinnati Bengals, Atlanta Falcons, Jacksonville Jaguars, New York Jets, and Houston Texans were among those that were eliminated.
Teams that have clinched a playoff spot (AFC standings) include Pittsburgh Steelers, Buffalo Bills, Kansas City Chiefs, Baltimore Ravens, Cleveland Browns, Indianapolis Colts, and Tennessee Titans.
The teams that made it to the NFC (National Football Conference) standings include the Green Bay Packers, New Orleans Saints, Seattle Seahawks, Washington Football Team, Tampa Bay Buccaneers, Los Angeles Rams, and Chicago Bears.
The Denver Broncos were eliminated from the playoffs after suffering a 48-19 loss to the Buffalo Bills on a Saturday evening in December 2020.
The best record the Broncos could finish with was 7-9. That score wouldn’t be enough for them to be in the AFC, along with eight teams that already have eight or more wins.
The Broncos are set to play six games against the teams that made the playoffs in 2021. Two games come against the AFC champion Chiefs, while one game comes against the Washington Football Team who have had seven wins.
With the NFC East on their 2021 schedule, the Broncos face four contender teams who won an average of 5.8 games in 2020.
Also, the three games against the Bengals, Jaguars, and Jets see them face three teams who averaged only 2.3 wins last season.
Sports betting is legal in Colorado and 17 other states, so you can safely bet on the Broncos and your other favorite teams online.
Check out the latest Broncos game odds and live Broncos odds.