Denver Broncos Odds

Denver Broncos Odds, Bet Types, and Team History

The 2023-23 Broncos season had everything: Questionable timeouts, Russell Wilson cooking, first-year head coach Nathaniel Hackett getting fired midseason, a devastating running back injury, a serious case of fumblitis (shoutout Melvin Gordon) and so much more.

All of that resulted in a 5-12 season and last-place finish in the AFC West.

Expectations are anything but diminished headed into the 2023-24 season, however. Coming off that dumpster fire, the Broncos are now coached by Sean Payton.

Payton, of course, spent 15 seasons as the head coach of the Saints. He compiled a 152-89 record and led New Orleans to a Super Bowl victory in 2009. Notably, the Saints only had four losing seasons under his command.

One of Denver’s many problems last season was its offensive line. The club remedied those issues up front in a big way over the offseason, landing Mike McGlinchey and Ben Powers in free agency. And given the uncertainty surrounding Javonte Williams, Denver inked former Bengal Samaje Perine as well.

The Broncos were relatively quiet during the NFL Draft after trading away substantial capital to acquire Wilson from the Seahawks.

Denver opens its season on Sept. 10 at home against the rival Raiders.

Denver Broncos & BetMGM

The Denver Broncos and BetMGM agreed to a multi-year sports betting partnership in June 2021. The partnership will include a new BetMGM Lounge at Empower Field at Mile High Stadium. The BetMGM Lounge will include a full-service premium bar, a luxury lounge, live odds and assistance with BetMGM’s mobile app. The partnership will also bring VIP travel packages and other benefits through MGM Resorts’ loyalty program called M Life Rewards.

To learn more about BetMGM, read our sportsbook review.

Betting on the Denver Broncos

Denver Broncos Point Spreads

Betting point spreads are wagers based on the expectation that a team will win or lose by a certain number of points. Here’s an example:

• Raiders +3.5 (+110)
• Broncos -3.5 (-110)

In this situation, the Raiders are 3.5-point underdogs against the Broncos. If Denver wins the game by four or more points, a $100 wager on the Bronocs would come with a payout of $90.91. If Las Vegas won the game outright or lost by two points or fewer, the same $100 wager would net $110 plus the original $100 for a total of $210.

FAQ: Everything you need to know about point spreads

Broncos Over/Unders

Over/under, also called point total, is a wager placed on the combined scoring of a single game. Bookmakers come up with a number and you can either bet the over or — you guessed it — the under. Here’s how it works:

Let's say the Chiefs play the Broncos and the over/under is set at 49 points. A wager on the over would require Kansas City and Denver to score 50 total points or more to win. Betting the under is an expectation that the two teams would score 48 or fewer points. It's also possible for the bet to push, which would happen if the game finished with exactly 49 points scored.

FAQ: Betting the point total, explained | What is a push?

Denver Broncos Moneylines

The moneyline is as straightforward as it gets when it comes to betting. The only thing to do here is pick the winner. Check out this example:

• Broncos -140
• Chargers +250

The minus (-) and plus (+) signs distinguish the favorite from the underdog, making Denver the favorite in this scenario. Odds can be understood more clearly if you think in terms of $10 or $100 increments. A wager on the Broncos odds would mean every $14 bet nets $10. And it's the opposite for underdogs: Here the Chargers moneyline was set at +250, meaning a $10 wager would profit $25.

Moneylines are also commonly used when making parlays, which are multiple bets tied into one. Let’s say you bet the Broncos moneyline and -2.5 point spread, Denver would need to win by three points or more for that bet to be successful. The risk is greater, but so is the reward with increased odds. Use our Odds Calculator to calculate any bet amount or conversion.

FAQ: How to bet on the moneyline | How to make a parlay
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Denver Broncos Props

Player props are wagers on a single player, and they're tied to a single stat found in the box score for a game or even the whole season. These are among the most fun to bet on, especially if you're already playing fantasy football and like the player-specific focus it offers. Check out a hypothetical example below:

• Russell Wilson passing yards over/under: 3700.5

FAQ: How prop betting works

Broncos Futures

Futures are somewhat similar to prop bets in the way that both are monitored over the course of a season. Except most future bets are focused on end-of-season success. Examples of futures are:

• Denver Broncos odds to win the AFC West
• Denver Broncos odds to win the AFC
• Denver Broncos odds to win the Super Bowl
• Russell Wilson to win MVP

If you’re confident that the Broncos can turn things around and compete for the division title or think Russell Wilson is going to return to his peak form, this is the place to be. For a full list of NFL futures, click or tap here.

Make sure to check out our sportsbook reviews for more information on what’s available in your state and exclusive sign-up offers like the BetMGM Bonus Code for new bettors.

As for our homegrown Broncos fans, check out our Colorado review page for in-state offers and up-to-date content on sports betting in this state.