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Indianapolis Colts Odds, Bet Types, and Team History

The Colts are coming off a dismal 4-12 season that featured lowlights galore – Matt Ryan officially falling off a cliff, Frank Reich getting fired, Jonathan Taylor battling injuries and a Jeff Saturday cameo as interim head coach.

Still, there’s intrigue entering 2023 with new head coach Shane Steichen, and, of course, a new quarterback of the future in the fold in fourth overall pick Anthony Richardson. The Florida product has been likened to Cam Newton and the franchise hopes they finally have their first franchise quarterback since Andrew Luck.

Indianapolis’ win total over/under is set at 6.5 as of early July.

The Colts get their season going at home on Sept. 10 against the rival Jaguars.

Indianapolis Colts & Caesars

The Indianapolis Colts and Caesars officially reached a partnered on Sept. 16, 2021. As part of the agreement, Caesars Sportsbook Lounge will open at Lucas Oil Stadium. This will serve as an entertainment space open to fans 21 and older. Live odds will be showcased on LED screens in the stadium and Caesars ambassadors will be in attendance to help fans download the Caesars Sportsbook App and make wagers.

To learn more about Caesars Sportsbook, read our sportsbook review. 

Betting on the Indianapolis Colts

Indianapolis Colts Point Spreads

Betting point spreads are wagers based on the expectation that a team will win or lose by a certain number of points. Here’s an example:

  • Texans +3.5 (+110)
  • Colts -3.5 (-110)

In this situation, the Texans are 3.5-point underdogs against the Colts. If Indianapolis wins the game by four or more points, a $100 wager on the Colts would come with a payout of $90.91. If Houston won the game outright or lost by three points or fewer, 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

Colts Over/Unders aka Colts Totals

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 Jaguars play the Colts and the over/under is set at 49 points. A wager on the over would require Jacksonville and Indianapolis 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.

FAQ: Betting the point total, explained | What is a push?

Indianapolis Colts Moneylines

Betting the moneyline is rather straightforward. Check out this example:

The minus (-) and plus (+) signs distinguish the favorite from the underdog, making Indianapolis 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 Colts odds would mean every $130 bet nets $100. And it’s the opposite for underdogs: Here the Titans moneyline was set at +230, meaning a $100 wager would profit $230.

Moneylines are also commonly used when making parlays, which are multiple bets tied into one. Let’s say you bet the Colts moneyline and a -2.5 point spread, Indianapolis 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, and be sure to take advantage of new bettor upside like the BetMGM Bonus Code.

FAQ: How to bet on the moneyline | How to make a parlay

Colts 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:

  • Jonathan Taylor rushing yards: 1,250.5

FAQ: How prop betting works

Indianapolis Colts 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:

  • Indianapolis Colts odds to win the AFC South
  • Indianapolis Colts odds to win the AFC
  • Indianapolis Colts odds to win the Super Bowl
  • Jonathan Taylor’s odds to lead the league in rushing

If you’re confident that the Colts can win the AFC South or that Jonathan Taylor is going to go off on the ground, 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 bonuses and promo codes.