Denver Broncos Betting Odds At Colorado Sportsbooks

The coronavirus outbreak didn’t delay the Denver Broncos’ 2020 season. This will be the first NFL season Colorado sports bettors will be able to legally wager on Broncos games in the state. Although Mile High Stadium might be empty, bettors need to know a few things about betting on the Broncos. 

Colorado’s new legal sports betting market launched May 1, giving fans four months to watch the Broncos team come together before the 2020 season. Even better, there are no restrictions on the types of bets they can place on the Denver Broncos.

Although at the start of the season, the Denver Broncos odds to win the Super Bowl are not good, there are loads of opportunities for Broncos fans to bet on NFL games in Colorado. 

Denver Broncos Betting Odds To Win Super Bowl LV (2/7/21)

 DraftKingsFanDuelFOX BetBetRiversBetMGMBetMonarch
Denver Broncos+10000+9000+9000+10000N/AN/A

Denver Broncos Betting Odds For NFL Week 3 In 2020

 DraftKingsFanDuelFOX BetBetRiversBetMGMBetMonarch
TB Buccaneers @ DEN Broncos (9/27)+6 (-110)+6 (-105)+6 (-110)+6 (-110)+6 (-110)n/a

Where Can You Bet On The Broncos?

The introduction of legal sports betting gives Colorado bettors plenty of ways to bet on the Broncos. 

More than a dozen different online sportsbooks apps have launched since May 1. Colorado residents and visitors over the age of 21 can wager on the Broncos using these apps from anywhere within the state.

Several casinos in Black Hawk, Central City, and Cripple Creek, also host retail sportsbooks. All of the mobile and land-based sportsbooks in Colorado take bets on the Broncos, all the way through the Super Bowl should the Broncos make it that far.

Denver Broncos lines vary from sportsbook to sportsbook, but with so many options to choose from in Colorado, bettors can line shop for the best odds.

Betting On The Broncos At Online Sportsbooks

DraftKings Sportsbook

Colorado bettors can find a plethora of ways to bet on the Broncos, as well as any other NFL team, on the DraftKings Sportsbook mobile platform. Moneyline, point spread, totals, futures, prop bets, and in-game betting are all on the DraftKings Sportsbook menu.

The odds on the Broncos winning the 2021 Super Bowl came in at +5000 before the 2020-21 regular season.

FanDuel Sportsbook

Much like DraftKings, the FanDuel online sports betting platform offers a comprehensive betting menu on the NFL.

Broncos fans can find numerous opportunities to bet on the Broncos throughout the season, including the regular season and playoffs. Even the Super Bowl is on the menu for Broncos bettors if Denver wins the AFC Championship.

FanDuel Sportsbook set the preseason odds of a Broncos Super Bowl win at +6000, a bit more generous than some of FanDuel’s competition.

BetMGM

BetMGM Colorado stands as yet another online sportsbook offering an extensive selection of sports to Colorado players. The number of sports and ways to bet puts BetMGM right on par with DraftKings Sportsbook, FanDuel Sportsbook, and other competing platforms in the state.

Odds on a Denver Broncos Super Bowl win started at +5000 at BetMGM before the season, in line with many other sportsbooks in the state.

All Colorado sportsbooks with Denver Broncos betting: 

How NFL Betting Odds Are Calculated

Colorado’s online sportsbooks offer many different kinds of bets. Before diving into NFL betting on the Broncos, it’s important to know how betting odds work, and what the numbers on each wager listing mean.

For example, the Week 3 betting line on the Tampa Bay-Denver matchup from the 2020-21 season looked like this at DraftKings Sportsbook:

 Points SpreadTotal PointsMoneyline
Tampa Bay Buccaneers-6           -110O 43.5      -110-265
Denver Broncos+6         +110U 43.5       -110+210

Taking a look at the “Moneyline” column for this matchup, the Buccaneers are set as a -265 favorite, while the Broncos are listed as a +210 underdog. These “+” and “-” odds are used for just about every kind of wager listed at a US-based sports betting site like DraftKings Sportsbooks.

Tampa Bay’s -265 moneyline odds mean you would have to bet $265 to win $100 in profit if the Bucs win the game. To calculate “-” odds for any bet, divide 100 by the odds, then multiply the resulting quotient by the amount of the wager.

For example, a $100 bet on Tampa Bay is calculated as 100 divided by 265, which yields 0.377 (rounded off). You then multiply the $100 bet by 0.377 to get $37.70.

In this case, a $100 bet on the Bucs would return a total of $137.70 to the bettor ($37.70 profit plus the original $100 wager) if Tampa Bay wins.

The +210 odds on the Broncos mean that a $100 wager yields $210 in profit. To calculate “+” odds for any bet, divide the odds by 100, then multiply that number by the amount of the wager.

A $50 wager on the Broncos at +210 is calculated as 210 divided by 100, which yields 2.1. You then multiply 2.1 by the $50 bet to get $105.

The $50 bet on the Broncos would return $155 to the bettor ($105 profit plus the original $50 bet).

What Kind Of Bets Will Broncos Nation Place On The Broncos?

Odds On The Broncos Winning The 2020-21 AFC Championship

 DraftKings SportsbookFanDuel SportsbookFOX BetBetRivers
Denver Broncos+5000+5500+4000+5000

Moneyline Bets

A moneyline wager presents the most straightforward way to be on NFL games. This kind of wager tasks the bettor with picking which team will win a game, straight up. Denver Broncos betting odds on moneyline bets will provide the odds the Broncos will win a particular game on their schedule. 

Underdogs always pay at better odds than favorites. Moneyline bets can pay off big on underdog teams when a big upset happens on the field.

Totals

Also known as over/under, totals bets set odds on the total combined score in a game going over or under a set number.

The odds on an over/under bet are usually set around even money on both sides for NFL bets.

Point Spread

A point spread bet evens the odds between to teams going head-to-head. This kind of bet adds points to one team’s final score and subtracts that same amount of points from the other.

For example, the above Tampa Bay (-6) line at Denver (+6) line requires the Buccaneers to win by seven points or more for a point spread bet on Tampa Bay to pay off. If the Bucs win by five points or less, Denver bettors win on the point spread.

Parlay

A parlay allows bettors to place multiple wagers on the same ticket. Parlays pay off at far bigger odds than single-game bets, but all wagers on a parlay must win for the ticket to pay off.

For instance, a five-team parlay only wins if all five chosen teams win. If even one loses, the entire parlay is a loss.

What Is An NFL Futures Bet?

Sportsbooks set Broncos odds for individual games or how the team will perform over the season. Futures bets are bets on the outcome of the entire season. They’re long-term, high-risk bets that can be placed months in advance. 

Die-hard Broncos fans can bet on the Broncos winning Super Bowl LV before the NFL season even starts. Less confident bettors can bet on the Broncos winning their conference or division

Finally, Broncos fans who really know the players can place futures bets on who will be the season’s MVP. Good luck to anyone who thinks they can pick the season’s MVP in May. 

How To Place Prop Bets On The Broncos

Bettors can place other types of proposition bets as well. Proposition bets–or prop bets–are bets on individual events. For example, FanDuel Sportsbook offered bets on who the first draft pick will be. Bettors were able to get more specific by betting which player would be picked first in each position.

Finally, Bronco Nation can make the standard bets on point spreads, point totals, and the winners of NFL games (hopefully, the Broncos). There are so many different Broncos bets to place if you are creative and looking for a bit of fun.

How To Bet On The Broncos In Colorado

Betting On The Broncos At FanDuel Sportsbook

  1. Find the FanDuel Sportsbook app. Apple iOS users can find FanDuel Sportsbook in the App Store, while Android device owners must download the app from the FanDuel Sportsbook website. The main website also allows betting straight from your desktop browser.
  2. Click “Join Now” at the top right of the screen, and select Colorado as your state. 
  3. Choose a username and password, and provide a valid email address. After that, FanDuel Sportsbook will ask for further details to verify age and identity.
  4. After your account is verified, navigate to the cashier to make your first deposit.
  5. Click on the “NFL” tab in the main lobby to find all of the different ways to bet on the Denver Broncos.
  6. Clicking on any bet puts the wager on your bet slip. Fill in the amount you want to wager, click “Place Bet” and enjoy the game!

How To Bet On The Super Bowl In Colorado

Super Bowl Champion Futures Bets

One of the most popular ways to bet on the Super Bowl involves placing a futures bet on which team will win the championships. A futures bet can be placed at any time of the year, right up until the Super Bowl participants have been decided.

The Broncos were set at around +5000 preseason odds to win the Super Bowl at most of Colorado’s legal online sportsbooks.

In-Game Prop Bets

Super Bowl prop bets present some of the most interesting ways to bet on the Super Bowl. Prop bets can include statistics like what player will lead the game in rushing, or whether the first score of the game will be a touchdown, field goal, or safety.

Exotic prop bets involve betting on aspects of the Super Bowl that have little to do with the game’s outcome. These wagers can include the length of the National Anthem, or what color liquid will be poured on the winning coach’s head after the game.

Can I Bet On The Super Bowl Even If The Broncos Don’t Play In The Game?

Super Bowl betting is open to Colorado bettors with no restrictions. Even if the Broncos don’t make it to the championship game, all betting options are still available on the teams that do play.

Broncos Partnerships With Sports Betting Brands

The Denver Broncos agreed to partnerships with three different sports betting brands, going into the 2020-21 season.

FanDuel’s agreement with the Broncos makes FanDuel the official daily fantasy sports partner of the team, as well as one of three sports betting partners.

Both BetFred and BetMGM also have sports betting partnerships in place with the Broncos. Both brands will operate sports lounges inside Empower Field at Mile High.

Neither of those lounges will offer physical sports betting services, but Colorado’s sports betting laws allow for mobile sportsbooks to be used from anywhere within state borders.

Denver Broncos Sports Betting FAQ

Do Colorado’s legal sportsbooks offer betting on the Denver Broncos?

Yes. Colorado’s legal mobile sportsbooks offer the full menu of ways to bet on the Broncos, with no restrictions.

Bettors in the Centennial State can place moneyline, point spread, totals, futures, in-game, props, and other bets on the Broncos throughout the regular season and playoffs.

How popular is betting on the Denver Broncos?

The Broncos enjoy one of the most rabid fan bases in the country. Even after their rough 2019 season, betting on the Broncos is sure to be popular. With the wide range of prop bets available – a sharp difference from college football – the Broncos will likely dominate Colorado’s budding legal sports betting scene. They’ll easily be more popular than college teams and all of Denver’s other professional sports teams. (Sorry, Rapids.)

What is the closest sportsbook to Empower Field at Mile High?

The Broncos home stadium hosts a BetMGM Lounge, which essentially functions as a sportsbook minus a retail counter or self-service kiosks. Colorado’s mobile sportsbooks, including BetMGM, are accessible from anywhere within the state.

The closest physical sportsbooks to the stadium lie in Black Hawk and Cripple Creek, about an hour west of Denver.

Who has the best odds on the Broncos?

FanDuel Sportsbook’s odds on the Broncos winning the Super Bowl stood at +5500 through the first two weeks of the 2020-21 NFL season. This puts FanDuel Sportsbooks at the top of the class when it comes to favorable odds on the Broncos championship prospects.

Is DraftKings Sportsbook legal in Colorado?

Yes. DraftKings Sportsbook was one of the first wave of online sports betting platforms to launch in Colorado. DraftKings Sportsbook went live May 1, 2020, the first day any mobile sportsbook could legally launch in Colorado.

DraftKings Sportsbook functions as a licensed partner of Mardi Gras Casino.

Is FanDuel Sportsbook legal in Colorado?

Yes. Like it’s closest competitor, DraftKings, FanDuel Sportsbook went live on May 1, 2020. Colorado bettors can access the FanDuel Sportsbook app from anywhere within Colorado borders.

FanDuel Sportsbook operates in partnership with Golden Gates Casino.

About the Author

Christopher Gerlacher

Christopher Gerlacher is a freelance writer tucked into the foothills in Colorado Springs. He works as a content writer, a professional resume writer, and authors search engine optimized professional articles in multiple industries.