Despite just a 7-9 record in 2019, the Denver Broncos' seven wins were the most for the team since finishing 9-7 three seasons ago.
And with Drew Lock now under center, there is optimism that John Elway has found his future quarterback after slogging through Trevor Siemian, Case Keenum and Joe Flacco since Peyton Manning retired.
The team added free agent running back Melvin Gordon this offseason and used its first- and second-round draft picks on wide receivers Jerry Jeudy and K.J. Hamler, respectively, to surround Lock with as much talent as possible.
But what do oddsmakers think of the new-look offense and the 2020-21 Denver Broncos as a whole?
Here's a look at the latest Broncos Super Bowl 55, conference, divisional and playoff odds, as well as the team's win total over/under.
*Odds as of May 2 at 8 a.m. ET.
Denver Broncos Super Bowl Odds
The Broncos are +4000 to win Super Bowl 55 at DraftKings, meaning bettors would earn $40 for every $1 risked should Denver make a run to the title.
However, they're +6000 at FanDuel, meaning savvy bettors should make a point to lock in those odds, which would pay $60 for every $1 risked instead.
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Denver Broncos Conference Odds
Along with the Los Angeles Chargers and Cleveland Browns, the Broncos are +2000 to win the AFC this season at DraftKings.
On the other hand, bettors can secure a much better payout of +3000 at FanDuel.
Denver Broncos Division Odds
The Kansas City Chiefs are the overwhelming favorites to win the AFC West this year at -400 (meaning bettors earn $1 for every $4 risked should KC win the division) at DraftKings and -390 at FanDuel.
Once again, FanDuel is offering the best price for the Broncos to win the division at +1100 odds compared to +800 at DraftKings.
Denver Broncos Make/Miss Playoff Odds
While FanDuel has the best prices for the three futures bets above, DraftKings is slightly better for the Broncos to make or miss the playoffs.
The Broncos are +163 to make the playoffs, with no sitting at -200.
The +163 odds convert to an implied probability of about 38%, meaning bettors who think Denver has better than a 38% chance to make the playoffs should look at "yes."
If you think there's at least a 67% chance that the Broncos miss the postseason, a wager on "no" at -200 has value as well.
The Action Network's NFL simulations, which run 10,000 simulations of the upcoming NFL season, put Denver's chances of making the playoffs at 74.35%, which means "no" should be about -290.
In terms of value, the Broncos to miss the playoffs this season at -200 is one of the best bets available.
Fan tax, anyone?
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Denver Broncos Win Total Over/Under
Both DraftKings and FanDuel have set Denver's 2020 win total at over/under 7.5 wins, with a vig of -110 on both sides. Should the Broncos manage eight or more wins this season, over bettors would cash.
However, if the Broncos are 7-9 or worse, under bettors win their wagers.
While odds are exactly the same at both sportsbooks, DraftKings is currently allowing bettors to wager on Broncos over 6.5 wins at EVEN odds.
This offer expires on May 5, so be sure to click here andlearn more about this promotion right now!
