Broncos Super Bowl 58 Odds: November 29, 2023
The Denver Broncos have moved into the top half of the NFL, listed at +10000 to win Super Bowl LVIII. At +5000 to win the conference title, the Broncos are ranked 10th in the AFC. The Broncos are +2500 to win the AFC West. And keep in mind that some Colorado sports betting promos could offer boosts or other benefits on these bets:
|👑 Odds to Win SBLVIII||+10000|
|🏆 Odds to Win AFC||+5000|
|⭐ Odds to Win AFC West||+3000|
|🔥 Odds to Make Playoffs||+140|
The Denver Broncos are 100/1 to win the next Super Bowl. Last year, with an incoming rookie head coach and a new star acquisition at QB, the Broncos were 14/1 to win the Super Bowl. They finished 5-12.
One of Sean Payton's main jobs this season was to build chemistry with QB Russell Wilson, and so far that has happened. Wilson has thrown for 20 touchdowns and just four interceptions through 11 games, with a 68.3% completion rate.
Denver is above .500 for the first time since Week 4 of last season.
For more on the Denver Broncos, I prepared a separate article on the Broncos playoff chances where I tracked all news and how those developments may affect the Broncos' playoff odds.
Broncos Super Bowl Odds vs. AFC West
The Denver Broncos are tied for second in the four-team AFC West to win the Super Bowl, at +10000, or a 1% chance in implied probability. Kansas City is tied with Philadelphia and San Francisco for the best odds of any team in the NFL of winning the Super Bowl, at +425. The Los Angeles Chargers are also at +10000. Las Vegas is last at +30000. You can follow along with sportsbooks like ESPN BET Colorado for the latest Broncos Super Bowl odds.
Broncos Week-by-Week Super Bowl Odds
- Week 1: 2.2%
- Week 2: 1.5%
- Week 3: 1.4%
- Week 4: 0.8%
- Week 5: 0.8%
- Week 6: 0.5%
- Week 7: 0.4%
- Week 8: 0.4%
- Week 9: 0.5%
- Week 10: 0.5%
- Week 11: 0.8%
- Week 12: 1%
- Week 13: 1%
Latest Updates Impacting Broncos Odds to Win SB LVIII
I’ll be tracking all Denver Broncos team news and developments now up until the end of the season and how that news may affect their 2024 Super Bowl chances.
- 📆 Nov. 27: Released DE Marcus Haynes from the practice squad.
- 📆 Nov. 13: Elevated TE Lucas Krull and WR David Sill from the practice squad to the active roster.
- 📆 Nov. 8: Signed CB Reese Taylor to the practice squad.
- 📆 Oct. 30: Promoted LB Ben Niemann from the practice squad to the active roster.
- 📆 Oct. 28: Promoted WR Tre'Quan Smith to the active roster from the practice squad. Placed WR Brandon Johnson on injured reserve
- 📆 Oct. 24: Promoted WR Lil'Jordan Humphrey from the practice squad to the active roster. Re-signed WR Michael Bandy to the practice squad.
- 📆 Oct. 21: Reinstated LB Baron Browning from injured reserve. Signed WR Lil'Jordan Humphrey. Placed TE Greg Dulcich on injured reserve. Released WR Michael Bandy from the practice squad.
- 📆 Oct. 20: Claimed DT Keondre Coburn off waivers from Kansas City. Released WR Lil'Jordan Humphrey.
- 📆 Oct. 18: Re-signed WR Michael Bandy to the practice squad. Signed LiL'Jordan Humphrey from the practice squad to the active roster.
- 📆 Oct. 13: Released DE Frank Clark.
- 📆 Oct. 12: Waived OLB Wyatt Ray and DB Lamar Jackson.
- 📆 Oct. 11: Released WR Lil'Jordan Humphrey.
- 📆 Oct. 10: Designated TE Greg Dulcich to return from injured reserve to practice. Released WR Michael Bandy from the practice squad.
- 📆 Oct. 7: Reinstated S P.J. Locke from injured reserve.
- 📆 Oct. 6: Acquired a 2024 sixth-round draft pick from San Francisco 49ers for LB Randy Gregory and a 2024 seventh-round pick.
- 📆 Oct. 3: Signed WR Tre'Quan Smith to the practice squad. Waived CB Essang Bassey. Released WR Michael Bandy from the practice squad.
- 📆 Sept. 30: Promoted LB Ben Niemann and RB Dwayne Washington to the active roster from the practice squad.
- 📆 Sept. 23: Promoted RB Dwayne Washington to the active roster from the practice squad.
- 📆 Sept. 18: Signed OLB Ronnie Perkins.
- 📆 Sept. 16: Placed TE Greg Dulcich on injured reserve. Activated RB Dwayne Washington.
- 📆 Sept. 13: Placed S Caden Sterns on injured reserve. Promoted WR Lil'Jordan Humphrey from the practice squad to the active roster. Signed WR Michael Bandy to the practice squad.
- 📆 Sept. 11: Waived DT Forrest Merril from injured reserve with a settlement.
- 📆 Sept. 9: Promoted WRs Phillip Dorsett and Lil'Jordan Humphrey to the active roster from the practice squad.
- 📆 Sept. 4: Waived LB Christopher Allen from injured reserve with a settlement.
- 📆 Sept. 1: Signed LB Ben Niemann to the practice sqaud. Released WR Michael Bandy from the practice squad.
- 📆 Aug. 31: Re-signed DL Mike Purcell, CB Fabian Moreau and OT Quin Bailey. Placed CB K'Waun Willians, S P.J. Locke and OT Alex Palczewski on injured reserve.August 29, 2023Signed WR Phillip Dorsett. Signed WR Lil'Jordan Humphrey and OL Alex Leatherwood to the practice squad. Re-signed QB Ben DiNucci, WR David Sills and DL Tyler Lancaster to the practice squad. Acquired K Will Lutz from New Orleans in exchange for a 2024 seventh-round draft pick.
- 📆 Aug. 27: Released OT Isaiah Prince. Waived WRs Nick Williams, Kendall Hinton and J.J. Koski and CB Delonte Hood.
- 📆 Aug. 22: Signed WR Josh Hammond. Placed WR Jalen Virgil on injured reserve.
- 📆 Aug. 16: Signed RB Dwayne Washington. Waived DL Forrest Merrill with an injury designation.
- 📆 Aug. 15: Waived K Elliott Fry with an injury designation. Signed LS Jack Landherr.
- 📆 Aug. 14: Signed WR J.J. Koski. Waived LB Ray Wilborn.
- 📆 Aug. 10: Waived G Yasir Durant from injured reserve with a settlement.
- 📆 Aug. 5: Signed DL Forrest Merrill. Waived G Yasir Durant.
- 📆 Aug. 3: Placed LB Jonas Griffith on injured reserve. Signed LB Austin Ajiake.
- 📆 Aug. 2: Placed WR Tim Patrick on injured reserve.
- 📆 Aug. 1: Signed CB Fabian Moreau. Re-signed WR Nick Williams.
- 📆 July 31: Signed G Yasir Durant. Waived OT Christian DiLauro. Waived WR K.J. Haler with a non-football illness designation.
- 📆 July 28: Signed WR Michael Bandy. Activated WR Kendall Hinton from the active/physically unable to perform (PUP) list. Waived WR Nick Williams.
- 📆 June 8: The Broncos signed former Chiefs DE Frank Clark.
- 📆 May 31: The team replaced McManus with kicker Elliott Fry.
- 📆 May 23: The Broncos released longtime kicker Brandon McManus.
- 📆 April 27-29: Denver added five players in the 2023 NFL Draft, including WR Marvin Mims Jr. from Oklahoma in the second round.
- 📆 February 3: The Broncos announced the signing of former Saints coach Sean Payton to be their new head coach.
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Broncos Schedule and Betting Lines
Based on last year's records, the Broncos had the 12th-toughest schedule in the NFL in 2023. The schedule seemed easy at the beginning, but Denver blew a couple of games at home despite having solid odds in its favor. The losses were only by a combined three points though. Now, the Broncos are pulling games out in the clutch, and the record is now 6-5.
The season seemed over after a 70-20 loss in Miami in Week 3. Broncos media were urging the team to tank the rest of the way, to get the No. 1 draft pick in 2024. But the record is 6-5
The Broncos probably need to go 5-2 the rest of the way to make the playoffs. 6-1 would be better.
Key Contributors Toward Broncos Super Bowl Odds
QB Russell Wilson, without question, is the most important player on the team. And, so far, he's played very well. He's completed 69% of his passes, with 19 touchdown passes and just four interceptions. He has a shot at NFL Comeback Player of the Year if these kinds of numbers continue.
One of the team's best players still right now is cornerback Patrick Surtain II. In a Sports Illustrated preseason poll of executives, coaches and players, Surtain was voted as the best cornerback in the league, and he has played very well of late in helping stabilize what was a porous Broncos defense at the start of the season.
Safety Justin Simmons is another big player for Denver, along with receiver Courtland Sutton. Sutton has been the team's most reliable receiver so far, and running back Javonte Williams finally looks fully healthy again and he's been running the ball well of late.
Where Can I Bet on the Denver Broncos to Win the Super Bowl?
To bet on the Denver Broncos to win this year’s Super Bowl one must look no further than the nationally recognized, legal sportsbook entities available in each state where sports betting is legal. Sites like FanDuel, DraftKings, BetMGM and Caesars are available in Colorado and those sportsbooks will also offer Super Bowl odds on the other 31 NFL teams. Other sportsbooks in Colorado include SuperBook, PointsBet.
Of interest: Pay special attention to our experts as they break down the best Denver Broncos sports betting promo codes each week. Parties looking to bet the Broncos may take advantage of these special promotions.
Broncos Super Bowl LVIII Outlook and Predictions
Well, a 1% chance might be very attractive in something like a $1 billion lottery drawing. But, for the chance to be that percentage to win a Super Bowl? Not so much. At +10000, the oddsmakers are giving the Broncos just that 1% implied chance of winning their fourth Vince Lombardi Trophy in team history.
Sunday's game at home against Cleveland is big, as the Broncos can get back over the .500 mark for the first time since Week 4 of last season.
I'm predicting a 10-7 final record for the Broncos.
Broncos Super Bowl History
The Denver Broncos were born in 1960 as an AFL team and didn't have their first winning season until 1973 (7-5-2) in the NFL. In 1978, led by quarterback Craig Morton and a defense nicknamed "Orange Crush," the team played its first Super Bowl, losing 27-10 to Dallas.
With Hall of Famer John Elway at QB, the Broncos played in Super Bowls in 1987, 1988 and 1990, but lost them all in blowouts. In 1998, however, Denver won its first Super Bowl, 31-24 over Green Bay and followed that up with a win over Atlanta in 1999 in Elway's final game as a player.
In 2014, under QB Peyton Manning, the Broncos played in the Super Bowl, but lost 43-8 to Seattle. Manning led the Broncos to a 24-10 win over Carolina in the 2016 Super Bowl, the last time Denver played in the Big Game. Overall, Denver has played in eight Super Bowls, with a 3-5 record.
Have the Broncos Ever Won the Super Bowl?
Yes, the Denver Broncos have won the Super Bowl three times. Their first Super Bowl victory came on their fifth trip to the big game in 1997 when they defeated the Packers 31-24 in Super Bowl XXXII. They won Super Bowl XXXIII the following year and then again in 2016.
How Many Super Bowls Have the Denver Broncos Won?
The Broncos have won three Super Bowls and lost five. With the three wins, Denver is tied with three other teams (Kansas City, Washington and Oakland/Los Angeles). Only six other teams (Giants, Packers with four each), San Francisco and Dallas (five each) and Pittsburgh and New England (six each) have won more.
In the Broncos' three Super Bowl wins, they had Terrell Davis, John Elway and Von Miller, respectively, as game most valuable players.
Which Years Did the Broncos Go to the Super Bowl?
- 1977-78: Broncos lost Super Bowl XII to the Dallas Cowboys 27-10
- 1986-87: Broncos lost Super Bowl XXI to the New York Giants 39-20
- 1987-88: Broncos lost Super Bowl XXII to the Washington Redskins 42-10
- 1989-90: Broncos lost Super Bowl XXIV to the San Francisco 49ers 55-10
- 1997-98: Broncos won Super Bowl XXXII over the Green Bay Packers 31-24
- 1998-99: Broncos won Super Bowl XXXIII over the Atlanta Falcons 34-19
- 2013-14: Broncos lost Super Bowl XLVIII to the Seattle Seahawks 43-8
- 2015-16: Broncos won Super Bowl L over the Carolina Panthers 24-10
How Many Times Have the Broncos Been to the AFC Championship Game?
The Broncos have been to the AFC Championship game 10 times.
In addition to the eight years listed above when they went to the Super Bowl, the Broncos lost AFC title games in 1991 (10-7 at Buffalo) and 2005 (34-17 vs. Pittsburgh).
Broncos Preseason Super Bowl Odds Every Year Since 2000
The table below lists the Denver Broncos' preseason Super Bowl odds every year since 2000. Their odds this year at DraftKings sportsbook reflect an aggressively downward move from their odds the previous year.
Payton is among the top 25 coaches in NFL history for winning percentage (.625). He has one Super Bowl to his credit, with New Orleans.
It’s important to take into consideration that the Denver Broncos entered last season under the direction of a rookie head coach teaming up with an incoming, headstrong all-pro QB in Russell Wilson. Then the market gushed over Denver's futures as we can see in the above chart – they were 14/1 to win the Super Bowl! Denver only lost their first two games by a combined three points. Ok, so they lost by 50 points to Miami in Week 3, but are 5-5 now and won four in a row. Fans in the Mile High City are smiling again.
Big questions for the Broncos revolve around their defensive line and linebackers, which lost talent across the front seven and is only two deep at its biggest strength: the defensive backfield. Payton and new defensive coordinator Vance Joseph have had good success in the last four weeks, after some horrible play in Weeks 1-6.
The Broncos are a 2.5-point favorite (-130) for their next game, Sunday against Cleveland.
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Denver Broncos Super Bowl FAQs
The Broncos are listed at +10000 to win the next Super Bowl, or 1% in implied probability. At +450, Kansas City is tied with San Francisco and Philadelphia as the NFL teams most favored to win the Super Bowl. Last season, the Broncos were +1400 to win the Super Bowl, but stumbled through a terrible year.
The Broncos' odds to win the AFC title are +7500 or a 1.3% chance. At +200, AFC West division rival Kansas City is the most favored team to win the AFC. Their +200 odds convert to a 33.3% chance.
The Denver Broncos' odds to win the AFC West this year are third in the four-team division, at +2500, or a 3.6% chance. The Kansas City Chiefs, at -2000, are the favored team The Los Angeles Chargers have the second-best odds to win the division, at +2000. The Las Vegas Raiders are fourth, at +4000.
You can bet on the Denver Broncos to win the Super Bowl at sportsbooks such as ESPN BET, DraftKings, BetMGM, FanDuel, Caesars, SuperBook, PointsBet and SI Sportsbook, among others. Colorado was one of the first states to legalize sports betting, beginning in May 2020.
The Denver Broncos have won three Super Bowls in team history. They won the big game in 1998, 1999 and 2016, with John Elway at quarterback for the first two and Peyton Manning for the third.
The Broncos have appeared in eight Super Bowls. Those years were 1978, 1987, 1988, 1990, 1998, 1999, 2014 and 2016. Their overall Super Bowl record is 3-5.