After the Broncos reached the playoffs for the first time since the Peyton Manning era, oddsmakers are cautiously optimistic about how they think Denver will fare this year.
The Broncos have +2,800 odds — meaning a $100 bet would win $2,800 — to win Super Bowl LX, according to DraftKings Sportsbook. Denver is tied for the 11th-best odds.
Fanduel Sportsbook also gives the Broncos +2,800 odds but have them tied at 14th among the league’s 32 teams. Meanwhile, BetMGM has them at +3,000 with the 13th-best odds.
The rise of quarterback Bo Nix and Denver’s suffocating defense helped change the outlook of a Broncos team that entered the 2024 season with odds ranging between +15,000 and +25,000. It was the franchise’s worst preseason odds dating back to 1977, which is the earliest Pro Football Reference has listed in its database.
The Baltimore Ravens (+600 to +700), Buffalo Bills (+600 to +700) and defending champion Philadelphia Eagles (+700 to +750) are the favorites among the three sites surveyed. The Kansas City Chiefs are universally listed at fourth at +800 to +850.
Denver is listed at an over-under of 9.5 wins for the season, according to BetMGM.
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