Betting Experts Tracking the Denver Broncos Super Bowl Odds: November 2023

Fact Checked by Wes Roesch
Russell Wilson passes the ball

  • The Denver Broncos' latest odds to win Super Bowl LVIII are +10000. There are 13 NFL teams with better odds to win the Super Bowl.
  • Using implied probability, the Denver Broncos' 100/1 odds equate to a 1% chance of winning Super Bowl LVIII. In other words, like with the Jim Carrey character getting a date with Lauren Holly in "Dumb and Dumber", there's still a chance.
  • The Denver Broncos have won five in a row, including a solid 29-12 win on Sunday against the Cleveland Browns. That followed recent wins over teams such as Kansas City and Buffalo. The Broncos next have a road game on Sunday against the 6-5 Houston Texans. The Broncos are now 6-5, with a 41.7% chance of making the playoffs (+140).
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The road to the playoffs still has an "against all odds" feel, given the team's horrible start. But not as impossible as it did a few weeks ago. Denver needs to go probably, at minimum, 4-2 the rest of the season to have any real hope of a playoff spot.

I’ll be tracking team developments and news and how they affect the Denver Broncos' odds of winning the Super Bowl that Colorado sports betting operators have to offer. 

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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:

πŸ‘‘ Odds to Win SBLVIII+10000
πŸ† Odds to Win AFC+5000
⭐ Odds to Win AFC West+3000
πŸ”₯ 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.

  • πŸ“† Nov. 27: Released DE Marcus Haynes from the practice squad.
  • πŸ“† Nov. 13: Elevated TE Lucas Krull and WR David Sill from the practice squad to the active roster.
  • πŸ“† Nov. 8: Signed CB Reese Taylor to the practice squad.
  • πŸ“† Oct. 30: Promoted LB Ben Niemann from the practice squad to the active roster.
  • πŸ“† Oct. 28: Promoted WR Tre'Quan Smith to the active roster from the practice squad. Placed WR Brandon Johnson on injured reserve
  • πŸ“† Oct. 24: Promoted WR Lil'Jordan Humphrey from the practice squad to the active roster. Re-signed WR Michael Bandy to the practice squad.
  • πŸ“† 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.
  • πŸ“† Oct. 20: Claimed DT Keondre Coburn off waivers from Kansas City. Released WR Lil'Jordan Humphrey.
  • πŸ“† Oct. 18: Re-signed WR Michael Bandy to the practice squad. Signed LiL'Jordan Humphrey from the practice squad to the active roster.
  • πŸ“† Oct. 13: Released DE Frank Clark.
  • πŸ“† Oct. 12: Waived OLB Wyatt Ray and DB Lamar Jackson.
  • πŸ“† Oct. 11: Released WR Lil'Jordan Humphrey.
  • πŸ“† Oct. 10: Designated TE Greg Dulcich to return from injured reserve to practice. Released WR Michael Bandy from the practice squad.
  • πŸ“† Oct. 7: Reinstated S P.J. Locke from injured reserve.
  • πŸ“† Oct. 6: Acquired a 2024 sixth-round draft pick from San Francisco 49ers for LB Randy Gregory and a 2024 seventh-round pick.
  • πŸ“† Oct. 3: Signed WR Tre'Quan Smith to the practice squad. Waived CB Essang Bassey. Released WR Michael Bandy from the practice squad.
  • πŸ“† Sept. 30: Promoted LB Ben Niemann and RB Dwayne Washington to the active roster from the practice squad.
  • πŸ“† Sept. 23: Promoted RB Dwayne Washington to the active roster from the practice squad.
  • πŸ“† Sept. 18: Signed OLB Ronnie Perkins.
  • πŸ“† Sept. 16: Placed TE Greg Dulcich on injured reserve. Activated RB Dwayne Washington.
  • πŸ“† 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.
  • πŸ“† Sept. 11: Waived DT Forrest Merril from injured reserve with a settlement.
  • πŸ“† Sept. 9: Promoted WRs Phillip Dorsett and Lil'Jordan Humphrey to the active roster from the practice squad.
  • πŸ“† Sept. 4: Waived LB Christopher Allen from injured reserve with a settlement.
  • πŸ“† Sept. 1: Signed LB Ben Niemann to the practice sqaud. Released WR Michael Bandy from the practice squad.
  • πŸ“† 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.
  • πŸ“† Aug. 27: Released OT Isaiah Prince. Waived WRs Nick Williams, Kendall Hinton and J.J. Koski and CB Delonte Hood.
  • πŸ“† Aug. 22: Signed WR Josh Hammond. Placed WR Jalen Virgil on injured reserve.
  • πŸ“† Aug. 16: Signed RB Dwayne Washington. Waived DL Forrest Merrill with an injury designation.
  • πŸ“† Aug. 15: Waived K Elliott Fry with an injury designation. Signed LS Jack Landherr.
  • πŸ“† Aug. 14: Signed WR J.J. Koski. Waived LB Ray Wilborn.
  • πŸ“† Aug. 10: Waived G Yasir Durant from injured reserve with a settlement.
  • πŸ“† Aug. 5: Signed DL Forrest Merrill. Waived G Yasir Durant.
  • πŸ“† Aug. 3: Placed LB Jonas Griffith on injured reserve. Signed LB Austin Ajiake.
  • πŸ“† Aug. 2: Placed WR Tim Patrick on injured reserve.
  • πŸ“† Aug. 1: Signed CB Fabian Moreau. Re-signed WR Nick Williams.
  • πŸ“† July 31: Signed G Yasir Durant. Waived OT Christian DiLauro. Waived WR K.J. Haler with a non-football illness designation.
  • πŸ“† July 28: Signed WR Michael Bandy. Activated WR Kendall Hinton from the active/physically unable to perform (PUP) list. Waived WR Nick Williams.
  • πŸ“† June 8: The Broncos signed former Chiefs DE Frank Clark.
  • πŸ“† May 31: The team replaced McManus with kicker Elliott Fry.
  • πŸ“† May 23: The Broncos released longtime kicker Brandon McManus.
  • πŸ“† April 27-29: Denver added five players in the 2023 NFL Draft, including WR Marvin Mims Jr. from Oklahoma in the second round.
  • πŸ“† 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

πŸ“… Week 1 vs. Las Vegas RaidersLoss 17-16
πŸ“… Week 2 vs. Washington CommandersLoss 35-33
πŸ“… Week 3 at Miami DolphinsLoss 70-20
πŸ“… Week 4 at Chicago BearsWin 31-28
πŸ“… Week 5 vs. New York JetsLoss 24-21
πŸ“… Week 6 at Kansas City ChiefsLoss 19-8
πŸ“… Week 7 vs. Green Bay PackersWin 19-17
πŸ“… Week 8 vs. Kansas City ChiefsWin, 24-9
πŸ“… Week 9BYE
πŸ“… Week 10 at Buffalo BillsBroncos 24-22
πŸ“… Week 11 vs. Minnesota VikingsBroncos 21-20
πŸ“… Week 12 vs. Cleveland BrownsBroncos 29-12
πŸ“… Week 13 at Houston TexansBroncos +3.5, ML +160
πŸ“… Week 14 at Los Angeles ChargersBroncos +3, ML +124
πŸ“… Week 15 at Detroit LionsBroncos +2, ML +105
πŸ“… Week 16 vs. New England PatriotsBroncos -2, ML -125
πŸ“… Week 17 vs. Los Angeles ChargersBroncos -1, ML -115
πŸ“… Week 18 at Las Vegas RaidersBroncos -1, ML -115
βœ… Data Verified by ExpertNovember 29, 2023

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.

πŸ“† 2022-2023Preseason Odds = +1000
πŸ“† 2021-2022Preseason Odds = +450
πŸ“† 2020-2021Preseason Odds = +450
πŸ“† 2019-2020Preseason Odds = +600
πŸ“† 2018-2019Preseason Odds = +3000
πŸ“† 2017-2018Preseason Odds = +2500
πŸ“† 2016-2017Preseason Odds = +2000
πŸ“† 2015-2016Preseason Odds = +3000
πŸ“† 2014-2015Preseason Odds = +5000
πŸ“† 2013-2014Preseason Odds = +5000
πŸ“† 2012-2013Preseason Odds = +5000
πŸ“† 2011-2012Preseason Odds = +5000
πŸ“† 2010-2011Preseason Odds = +12500
πŸ“† 2009-2010Preseason Odds = +8000
πŸ“† 2008-2009Preseason Odds = +12500
πŸ“† 2007-2008Preseason Odds = +6000
πŸ“† 2006-2007Preseason Odds = +2000
πŸ“† 2005-2006Preseason Odds = +2000
πŸ“† 2004-2005Preseason Odds = +1200
πŸ“† 2003-2004Preseason Odds = +2500
πŸ“† 2002-2003Preseason Odds = +5000
πŸ“† 2001-2002Preseason Odds = +2200
πŸ“† 2000-2001Preseason Odds = +5000

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


Adrian Dater has been a longtime sports writer in Denver, who also has a history as a sports betting writer and analyst. He is the author of two books on the Denver Broncos and written many newspaper articles on the team.

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