Indianapolis Colts Betting Lines: Preview, Odds, Spreads, Win Total, and More

Another season, another different Week 1 starting quarterback for the Indianapolis Colts. This time, however, they believe they have their long-term answer at the position in No. 4 overall pick Anthony Richardson and that the streak will end at eight consecutive seasons.

The Colts will also be entering this season with a new head coach in former Philadelphia Eagles offensive coordinator Shane Steichen.

The biggest storyline out of Colts training camp, though, has been the status of running back Jonathan Taylor. After the team showed no interest in giving Taylor a contract extension, he was granted permission to seek a trade. While no trade appears imminent, it wouldn’t be surprising if Taylor never plays another snap for the Colts.

In Year 1 of the Steichen-Richardson era, expectations are fairly low, despite competing in one of the weakest divisions in the NFL. Will they experience growing pains this season or surprise people and accelerate the timeline of their rebuild?

We preview the 2023 Indianapolis Colts, break down their betting lines, give out a best bet, and more.

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Indianapolis Colts Futures Odds

All odds are from DraftKings Sportsbook unless noted otherwise.

Super Bowl Odds: +15000

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AFC Odds: +7000

AFC South Odds: +600

Win Total: 6.5 (Over -120/Under +100)

To Make/Miss the Playoffs: +350/-425

Indianapolis Colts Offense

We should expect to see Richardson utilized similarly to how Jalen Hurts was early in his career. After all, Steichen was Hurts’ offensive coordinator in Philadelphia the last two seasons. That means a lot of design runs, especially in short-yardage situations.

With or without Taylor, this Colts offense has one of the worst sets of skill-position players in the NFL. Behind Taylor, they have underwhelming depth at running back. Indianapolis’ wide receiver duo of Michael Pittman Jr. and Alec Pierce, meanwhile, is solid but unspectacular.

This offseason, the Colts made two notable wide receiver additions at wide receiver by signing Isaiah McKenzie from the Bills and drafting Josh Downs in the third round of the 2023 NFL Draft.

Indianapolis Colts Defense

This Colts defense is led by DT DeForest Buckner and LB Shaq Leonard. Although only three teams gave up more points per game last season, Indianapolis ranked 16th in yards allowed per game, providing some room for optimism heading into 2023. Their strength defensively a year ago was defending the pass, ranking 12th in yards allowed per game.

This is mostly the same unit from a year ago with a couple of exceptions. Most notably, they added former 49ers LB Samson Ebukam in free agency, drafted CB JuJu Brents in the second round, and traded CB Stephon Gilmore to the Dallas Cowboys.

One Betting Trend To Know

The Colts went 1-6 outright in the seven games they were favored last season, according to Inside Edge.

Best Bet for the Colts in 2023

Katz: Last season, Pierce played in 16 games and caught 41 passes for 593 yards. He had a solid rookie year. While natural sophomore progression is normal, there are a couple reasons why Pierce is more likely to regress in terms of production.

First, the Colts are starting a rookie quarterback in Richardson, who will take dozens of targets away from his receivers due to his running ability. Second, the Colts spent a Day 2 pick on Downs, another wide receiver to compete with Pierce as the WR2 behind Pittman. Third, this projects to be a run-heavy team with a lot of RPOs, which will likely result in passes to Pittman.

Pierce will need to be efficient on downfield throws to surpass this number. He’ll also need to stay healthy. I don’t see it all happening.

Alec Pierce under 550.5 receiving yards (-115 on Caesars)