The Indianapolis Colts (4-12-1) are in a precarious position. Despite a disaster under Jeff Saturday, he’s in the running to be the full-time coach. It’s expected the team either drafts a QB or signs one in free agency after moving on from Matt Ryan late in the year. Jonathan Taylor finished the year on the IR and the receiving corps was ineffective all year long. There’s very few reasons for immediate optimism barring a major change in coaching or roster this offseason for the Colts.
This page serves as a guide for Indianapolis Colts odds and betting for the 2023 season. Find weekly game previews, futures odds, and the latest Colts betting news.
Colts betting news
Colts prop bets
Search below for Indianapolis Colts team or player props currently being offered at sportsbooks. You can also look around at other teams and players using this tool. Happy shopping!
Indianapolis Colts Super Bowl odds
The Indianapolis Colts hold odds to win the Super Bowl in 2023.
Indianapolis Colts 2022-23 schedule
| Week | Date | Opponent | Kickoff Time | Opening Odds |
|---|---|---|---|---|
| Week 1 | Sunday, Sept. 11 | at Houston Texans | 1 p.m. ET | -7.5 |
| Week 2 | Sunday, Sept. 18 | at Jacksonville Jaguars | 1 p.m. ET | -4.5 |
| Week 3 | Sunday, Sept. 25 | vs. Kansas City Chiefs | 1 p.m. ET | +2.5 |
| Week 4 | Sunday, Oct. 2 | vs. Tennessee Titans | 1 p.m. ET | -3 |
| Week 5 | Thursday, Oct. 6 | at Denver Broncos | 8:15 p.m. ET | +3 |
| Week 6 | Sunday, Oct. 16 | vs. Jacksonville Jaguars | 1 p.m. ET | -7 |
| Week 7 | Sunday, Oct. 23 | at Tennessee Titans | 1 p.m. ET | PK |
| Week 8 | Sunday, Oct. 30 | vs. Washington Commanders | 4:25 p.m. ET | OTB |
| Week 9 | Sunday, Nov. 6 | at New England Patriots | 1 p.m. ET | PK |
| Week 10 | Sunday, Nov. 13 | at Las Vegas Raiders | 4:05 p.m. ET | +2 |
| Week 11 | Sunday, Nov. 20 | vs. Philadelphia Eagles | 1 p.m. ET | -3 |
| Week 12 | Monday, Nov. 28 | vs. Pittsburgh Steelers | 8:15 p.m. ET | -4.5 |
| Week 13 | Sunday, Dec. 4 | at Dallas Cowboys | 8:20 p.m. ET | +2.5 |
| Week 14 | Sunday, Dec. 11 | BYE | BYE | |
| Week 15 | Saturday, Dec. 17 OR Sunday, Dec. 18 | at Minnesota Vikings | TBD | PK |
| Week 16 | Monday, Dec. 26 | vs. Los Angeles Chargers | 8:15 p.m. ET | +1 |
| Week 17 | Sunday, Jan. 1 | at New York Giants | 1 p.m. ET | -3 |
| Week 18 | Saturday, Jan. 7 OR Sunday, Jan. 8 | vs. Houston Texans | TBD | -8.5 |
Colts 2022 offseason moves
Key signings: CB Stephon Gilmore, SAF Rodney McLeod
Re-signings: None
Trades: EDGE Yannick Ngakoue, QB Matt Ryan
Key losses: QB Carson Wentz, OL Mark Glowinski, WR Zach Pascal, EDGE Al-Quadin Muhammad
Key draft picks: WR Alec Pierce, TE Jelani Woods, OT Bernhard Raimann
Best Colts betting site(s)
How to bet on the Indianapolis Colts
Moneyline
The moneyline is the simplest of bets, decided by the straight-up winner and loser of each game. Consider the following example:
- Colts -115
- Browns +130
The Colts are considered favorites in this matchup (indicated by -115), requiring a $115 bet to win $100 (plus the initial bet back). The Browns are the underdog in this matchup, paying out $230 total for a $100 bet ($130 in winnings). How much either team wins or loses by does not matter in moneyline betting, the payout remains the same.
Point spread
Betting on the point spread is determinant on how many points a team wins or loses by. Take the following example:
- Colts -6.5 (-110)
- Texans +6.5 (-110)
In this example, Indianapolis is favored by 6.5 points, indicated by “-6.5.” If the Colts win the game 24-17, the Colts (-6.5) win the bet and would have a total payout of $19.09 on a $10 bet ($9.09 in profit). If the Texans keep the game within seven and lose 24-20, the Texans (+6.5) would win, and the payout would be the same as listed above.
Point total (over/under)
The point total refers to the over/under line set by books. This number projects the total number of points scored in a game and, like prop betting, is bet whether one thinks the score will go over or under the set point total. For example, a Colts game against the Packers had a projected point total of 54.5 points. The Colts won the game 34-31 in overtime, resulting in 65 combined points. Those who bet the over on the point total in this game would cash out.
A strong defense and potent offense built on the run game caused the Colts to have pretty middle-of-the-road point totals in 2020 (often between 52 and 56 points). Moving into 2021, whoever starts at quarterback for Indy will determine their point totals. Barring them landing a star quarterback in free agency or via trade, the Colts will likely have lower point totals as the new signal caller gets integrated into the offensive system.
In-play and live betting
Sometimes, the most thrilling and rewarding bets are bets made while games are being played. These are referred to as live bets or in-play bets. Odds are ever-changing during games, which would prove to be fruitful for sharp and prepared bettors. For example, if the Colts (-245) were heavily favored against the Jets (+210) before kickoff, a payout on a $10 bet on the Colts to win would win just $4.08.
However, say the Colts fell to a big 27-6 deficit in the first half despite controlling the overall game (due to costly turnovers or a special teams gaffe). Odds may swing in favor of the Jets, who may be a -110 favorite at halftime. Taking the Colts to come back and win the game could present plus-odds (say, +130). Should a bettor take Indianapolis (+130) at halftime and the Colts pull off the comeback, winners would win $13 instead of $4.08 (plus the initial $10 bet).
This could also be an effective way to “hedge” your bet; say a bettor took the Jets (+210) in that game, but Indianapolis jumps out to a 21-0 first quarter lead and is controlling the overall feel of the game, bettors could hedge by throwing some money down on Indianapolis (-270) to return some of the inevitably-lost bet.
Parlays and teasers
You can always string bets together in the form of parlays or teasers. Usually during busy Sundays, bettors can parlay several teams to win or cover against the spread and if all bets are successful, the payouts are multiplied. Teasers function similarly, except they allow bettors to move each point spread to a more favorable line in exchange for diminished odds.
Futures
Futures are long-term bets that can range from an offseason to a full season (or beyond). Team win totals, award winners, and player performance are common futures.
Colts 2021 recap
Record: 9-8, Second in AFC South
Record ATS: 10-7
Over/under record: 8-9
Oops. With a playoff berth nearly locked in, the Colts dropped two dud games to the Raiders and Jaguars to close out the season. The Carson Wentz experienced played out in full fashion, with the team living and dying by their quarterback. Jonathan Taylor smashed team records en route to the top rushing performance in the NFL and became the focal point to Indy’s offense. Disaster nearly struck just before the season began, with both Wentz and All Pro guard Quenton Nelson suffering identical injuries that threatened to sideline them for half the season. However, the season ended in a similar flurry of disbelief.
Where can I bet on sports in Indiana?
Indiana sports betting was one of the first in the nation, and there many options to get a bet down on the Indianapolis Colts or any other NFL team. Here’s a list of legal sportsbook options in Indiana: