To say 2020 was a success for the Indianapolis Colts might depend on who you ask. They were able to secure only their second playoff spot since 2015, but they were beaten by the Bills in the Wild Card round, sending them home earlier than Indy wanted. The good news, rookie Jonathan Taylor proved worthy of being the lead back and the potential to be a star. Other young players like Quenten Nelson, Khari Willis, and Julian Blackmon established themselves as dependable pieces to build a team around. Now, it’s time to shift focus to the offseason.
The new direction begins with Carson Wentz, who was acquired from the Philadelphia Eagles in exchange for conditional picks. Wentz is reunited with his old offensive coordinator Frank Reich, who led Wentz to MVP-conversation numbers in 2016 and 2017. Can the Colts continue their winning ways under their third veteran quarterback in three seasons? Will the Wentz project work out in Indianapolis? There’s plenty more to unfold with this team moving forward.
Indianapolis Colts odds
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Colts prop bets
Prop bets are based on individual performance, typically surrounding players. Last season, Jonathan Taylor was a favorite for prop betting. For example, Taylor’s projected rushing total in the Colts’ Week 13 matchup against the Texans was 79.5 yards. Those who thought he would rush for 80 or more yards bet the over while those who thought he would fail to rush for 80 yards bet the under. Taylor picked up 91 yards in the win and those who bet the over cashed out.
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!
Colts futures odds
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. For example:
2020 Odds to win NFL DROY
- Chase Young -110
- Patrick Queen +450
- Kenneth Murray +1000
- Jaylon Johnson +1500
This line for the Defensive Rookie of the Year would often be bet before the season starts. Futures allow for bettors to capitalize on players they think are favorites to win awards long before the odds shift away from their favor. For example, Queen opened with odds of +900 to win the DROY award after the NFL Draft; his odds will shift as the season develops based on his performance for the Ravens defense.
Colts Super Bowl LVI odds
After agreeing to trade for QB Carson Wentz, the Colts’ odds to win Super Bowl LVI increased from +2800 to +2200. Those odds are similar to Cleveland (+2000) and Seattle (+2500).
Colts AFC South odds
The Indianapolis Colts were not able to secure the AFC South in 2020. The division was won by the Titans.
Colts win totals
10 wins (+110 over)/(-133 under)
The Colts have won 10 or more games in two of the last three seasons under Andrew Luck and Philip Rivers (exception: 2019 with Jacoby Brissett). Bringing in another talented veteran should keep Indianapolis on track with a respectable season.
Indianapolis Colts 2021 schedule and betting odds
Check back for the complete Colts 2021 schedule along with the opening spreads for every game.
How to bet on the Indianapolis Colts
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.
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, the Colts’ Week 11 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.
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.
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.
Colts 2020 recap
Record ATS: 8-8
Over/under record: 9-7
Under new quarterback Philip Rivers, the Colts were able to collect an impressive 11 wins; it took all 11 of those wins to secure a spot in the AFC Playoffs. Wins this season came over 13-3 Green Bay and AFC South champion Tennessee, but ultimately the Colts couldn’t outpace the Buffalo Bills in the Wild Card round. The Colts finished eighth in the NFL in scoring offense (27.9) and 11th in scoring defense (22.9) but came up just short in the AFC South race.
If “good, not great” was embodied in an NFL team, it would be the 2020 Indianapolis Colts. They beat the opponents in games they were favored (Jaguars, Jets, Bengals) but couldn’t always get it done against playoff teams (Browns, Steelers, Ravens). Vegas had the right projection of this team, as they finished 8-8 against the spread and 9-7 against the point total.
Colts 2021 offseason moves
Key trades: QB Carson Wentz (from Eagles)
Key re-signings: WR Zach Pascall (second-round tender), TE Mo Alie-Cox (one year, $3.4 million), RB Marlon Mack (one year, $2 million), CB Xavier Rhodes (one year, $6.5 million)
Key free agent losses: QB Philip Rivers (retirement), T Anthony Castonzo (retirement), EDGE Denico Autry (to Titans)
Key free agent signings: DL Isaac Rochell (one year, $2.5 million)
Draft pick position needs: OT, CB, WR