Shane Steichen and the Indianapolis Colts are ready to put on a show in 2024 and their betting odds reflect that. The NFL ain't ready for this. The return of a healthy Anthony Richardson has Colts fans and bettors alike buzzing. That's because there's a ton of value to be found in the Colts season betting odds, follow along as I preview all the major markets below.
2024 Indianapolis Colts Super Bowl & AFC Odds
| Super Bowl Odds | AFC Championship Odds | AFC South Odds |
|---|---|---|
| +5500 | +2500 | +310 |
Odds as of August 1
While Houston should be even better and the Jacksonville Jaguars and Trevor Lawrence lurk I like the value on Indianapolis at +310 to win the division. With Anthony Richardson healthy the Colts will be aiming to win the AFC South for the first time since 2014. Should he stay upright for 17 games, the Colts could easily be the breakout team of 2024 after the rival Houston Texans became that team in 2023.
Having said that, Indy faces a brutal schedule to start the year, facing off against the Texans, Packers, Bears, and Steelers. However, after that it's the easiest schedule in the NFL after Week 12 based on 2024 season win totals. So, wait for those AFC South odds to fall in September and bet on the Colts to bounce back after Week 3 or 4.
Even at +2500 and +5500 odds respectively, winning the AFC Championship or a Super Bowl in 2024 is a bridge too far for this young squad. If you haven't noticed the AFC is absolutely stacked, and Indianapolis would have to go through some combination of the New York Jets, Miami Dolphins, Buffalo Bills, Cincinnati Bengals, Baltimore Ravens, and Kansas City Chiefs as well as the Texans on their way through the AFC playoffs. While the Colts are a team to watch for in the future, they're at least a year or two away for truly contending in the NFL playoffs.
2024 Indianapolis Colts Win Total Odds
| 2024 Win Total | OVER | UNDER | 2023 Record SU | 2023 Record ATS | 2023 O/U Record |
|---|---|---|---|---|---|
| 8.5 | -104 | -118 | 9-8 | 9-8 | 11-6 |
Odds as of August 1
I'm riding with the Colts to soar past their 8.5 win total at -104 odds in 2024. Surely, the Colts can't do worse than their 1-5 ATS record as a home underdog last season.
However, Shane Steichen's men went a phenomenal 6-0 ATS as favorites last season. If they're able to continue that trend, they'll soar past their 8.5 win total. The Colts split the AFC South by going 3-3 SU in 2023. If they're able to match that, while winning home contests against the Bears and Steelers early, very winnable games against the Vikings, Patriots, Broncos and Giants await down the stretch.
Indianapolis' schedule, combined with their dangerous offense makes double-digit wins attainable.
2024 Indianapolis Colts Playoff Odds
| To Make Playoffs | To Miss Playoffs |
|---|---|
| +148 | -184 |
Odds as of August 1
At +148 odds, the Colts are a great value play to make the playoffs. I've already covered the fact that I like Indianapolis to win the division (at value odds), as well as surpass their season win total.
Remember, even after their rookie star quarterback got hurt, they faced the second-toughest defensive schedule in the NFL, and were a top-10 team as far as games lost due to injury, Indianapolis won nine games last season.
Now, they get a healthy Richardson as well as star rusher Jonathan Taylor returning to dominate the backfield with a full off-season under his belt. Adding former Texas star Adonai Mitchell to the offense is the icing on top. Plus, UCLA pass-rusher Laiatu Latu finally gives the Colts a quarterback destroyer on the defensive side. There's a whole lot to like about betting on the Indianapolis Colts to make the playoffs at plus money.
2024 Indianapolis Colts NFL MVP Odds
| Player | Odds |
|---|---|
| Anthony Richardson | +4000 |
Odds as of August 1
I love the value on Anthony Richardson at +4000 to win NFL MVP. Steichen's success with Jalen Hurts in Philadelphia points to a huge year for Richardson.
Sharpshooter. 🏹 pic.twitter.com/LBs6cDj1aP
— Indianapolis Colts (@Colts) August 6, 2024
The former Florida pivot is the most athletic quarterback in NFL history. He has a howitzer for an arm and the size and speed to morph into prime Cam Newton on the gridiron.
If you like the season-long player prop angle, I love Richardson to rush for over 525.5 yards at -112. Keep in mind, Steichen turned Jalen Hurts' legs into weapons, as the former Oklahoma man ran for 760 yards in his first season under the Colts' head coach. Hurts ran 165 times in his first year in Steichen's offense, and with that type of volume Richardson would simply need to average over 3.1 yards per carry to hit our bet. He ran for 136 yards on 5.4 yards per carry in just five games last season, and simply needs to adopt some of the Tua Tagovailoa judo body control or run out of bounds to remain healthy. Richardson is one of my favorite 2024 breakout candidates, so the time is now to profit on the sophomore's success.
