Denver Broncos Odds

Denver Broncos Odds, Bet Types, and Team History

The Denver Broncos playoff drought extended to five seasons in 2020 after going 5-11 and finishing fourth in the AFC West. Denver was very streaky as the Broncos started 0-3, won four of their next seven and closed the year losing five of six games. That volatility has been the case at times in the five years since the franchise won Super Bowl 50.

Stability is the key to turning things around and that starts at quarterback. Drew Lock was inconsistent in his second year under center. The former second-round pick went 4-9 as the starter, throwing for 2,933 yards, 16 touchdowns and 15 interceptions. General manager George Paton traded for Teddy Bridgewater, who wasn’t great in Carolina a year ago but could benefit from a change of scenery. If Bridgewater doesn’t win the job, the presence of a veteran might be what Lock needs to grow in Year 3.

While QB remains a question in 2021, Denver’s run game has some interesting potential. Melvin Gordon was effective as the starter, rushing for 986 yards and nine touchdowns while averaging 4.6 yards per carry. Phillip Lindsay is gone after a few years as the change-of-pace back, which means either Gordon becomes an every-down back or 2021 second-round pick Javonte Williams could be in line for significant touches as a rookie. Williams ran for 1,140 yards and 19 touchdowns in his final college season at North Carolina.

If Lock and/or Bridgewater can figure things out, the Broncos do have several viable targets at wide receiver and tight end. Noah Fant led Denver with 62 catches in 2020 while Jerry Jeudy and Tim Patrick ranked first in yards (856) and touchdowns (6), respectively. Courtland Sutton is also expected back after missing most of last season. Sutton was a 1,000-yard receiver in 2019.

Defensively, Denver ranked 25th in points per game allowed. Getting Von Miller back should help after he missed all of 2020 to injury. In his absence, linebackers Bradley Chubb and Malik Reed combined for 14.5 sacks. Those three should anchor the pass rush while the secondary will feature some newcomers. Paton signed defensive back Ronald Darby — 16 starts, 16 pass breakups for Washington last year — and Kyle Fuller, a former All-Pro corner. Denver used seven of its 10 draft picks on defensive players, most notably Patrick Surtain II in the first round and Baron Browning in the third round.

The Broncos open the 2021 NFL season at the New York Giants.

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. The BetMGM bonus code is ACTION and using it will get you a refund on your first wager up to $1,000.

Broncos Offseason Movement 2021

Trades: None

Draft picks: Patrick Surtain II (CB, Alabama), Javonte Williams (RB, North Carolina), Baron Browning (LB, Ohio State), Caden Stearns (S, Texas), Jamar Johnson (S, Indiana), Seth Williams (WR, Auburn)

Re-signings: Justin Simmons (S, four years), Shelby Harris (DT, three years), Tim Patrick (WR, one year), A.J. Johnson (LB, second-round tender), Kareem Jackson (S, one year)

Free-agent signings: Ronald Darby (CB, three years), Kyle Fuller (CB, one year), Cameron Fleming (T, one year), Teddy Bridgwater (QB, three years)

Free-agent losses: AJ Bouye (to Panthers)

Broncos Rivals

The Broncos placed fourth in the AFC West in 2020. They went 1-5 against the division, a record that’ll need to improve in order to compete for a division title. Denver last won the AFC West in 2015. That was the last of its five straight division titles, capped by a win in Super Bowl 50.

The Kansas City Chiefs won the AFC West and are the defending back-to-back conference champions as well. They went 14-2 in 2020, losing in the Super Bowl after winning it all the year before. The Las Vegas Raiders finished second at 8-8 and last made the playoffs in 2016. The Los Angeles Chargers finished third at 7-9 after winning four straight games to end the 2020 season.

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. The Broncos were among the league’s best teams when it came to covering in 2020 with a 9-7 record against the spread. Denver’s five wins were by an average margin of 5.6 points while its 11 losses came at an average of 13.7 points. While Denver was blown out a few times, six of its losses were by a single possession or less.

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 less, 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.

In 2020, Denver averaged 20.2 points per game and allowed 27.9 points. The Broncos were an even 8-8 when it came to point totals, hitting the over in 50 percent of their games last year.

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
.

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:

• Melvin Gordon 2021 rushing yards: 1,015.5

Let’s break it down a bit. Gordon averaged 65.7 rushing yards per game in 2020, up from the 51 he averaged in 2019. We’ll assume he gets some more touches in 2021 and the number goes up to 68.5. If Gordon sustained that pace over 16 games, he’d be up to 1,096 yards and be over his projected mark. Remember, the NFL added an extra regular season game in 2021. Gordon’s only played 16 games once in his career, but he’d only need to play 15 of 17 to go over the total here.

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
• Patrick Surtain’s odds to win Defensive Rookie of the Year
• Von Miller’s odds to win Defensive Player of the Year

If you’re confident that the Broncos can turn things around and compete for the division title or think Von Miller is going to return to his peak form in 2021, 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.