Denver Broncos Betting Opportunities for the 2022-23 NFL Season

The Denver Broncos are entering the new season with a renewed team and goals. Denver is playing in a very difficult AFC West. However, they have made improvements to try and compete for a playoff spot. The Broncos are coming off another disappointing campaign in the 2021-22 season, but will look to bounce back early in this season.

The Broncos are listed as the 3rd best odds to win the AFC West, but are in the top half of the NFL in Super Bowl odds. Denver is in a division with the Kansas City Chiefs and Las Vegas Raiders, who are both coming off postseason appearances. The Los Angeles Chargers finished one game away from the playoffs a year ago and have bolstered their own roster this offseason. 

Denver made some huge offseason moves in adding Russell Wilson, D.J. Jones, and Randy Gregory. The Broncos also kept a strong defensive core together, which was their strength throughout last season. Denver will look for their revamped offense to lead them back to the playoffs for the first time since they won the Super Bowl in 2015. 

Denver Broncos 2022-23 betting futures

Super Bowl Odds+1700+1600+1700+1600+1600
Conference Winner Odds+850+850+850+850+850
Division Winner Odds+260+260+270+250+260
Win TotalsOver 10 ½ (+135)Over 10 (-120)Over 10 (-110)Over 10 (-110)Over 10 ½ (+125)

The Broncos are listed at FanDuel and BetRivers at +1700 to win the Super Bowl this season, which has the best value in that category. All five of our partner online sportsbooks in Colorado have Denver listed at +850 to win the AFC Championship next season, which is fourth highest in the AFC.

BetRivers also has the best value on Denver to win the division, with them listed at +270. The Broncos win total varies between 10 to 10 ½ wins. BetRivers and Caesars are both listed at the best over value at -110, while DraftKings has the best value on the under at under 10 for +100.

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Denver Broncos 2021-22 season review

The Denver Broncos finished last season with a record of 7-10, which had them sitting in last place of the AFC West. Denver struggled without consistent play at the quarterback position. The Broncos had Teddy Bridgewater start 14 games on the season, going 7-7. Drew Lock started the other 3 games, earning an 0-3 record. 

Denver also struggled heavily in divisional play, going 1-5 in those matchups. The Broncos only divisional win came against the Los Angeles Chargers, who have also improved in the offseason. Despite having a losing record, Denver outscored opponents 335-322. The Broncos had a top 10 defense in points against, yards against and touchdowns against. 

Improved offense

The Broncos offense looks much stronger entering this season with Russell Wilson starting at quarterback. Wilson threw for 3113 yards, 25 touchdowns and 6 interceptions last season, earning his ninth Pro Bowl nod. Wilson will also look to strive as he enters a much stronger offensive team this season.

Denver boasts a strong supporting cast on offense for Russell Wilson to enter. The Broncos have a wide receiver core consisting of Courtland Sutton, Tim Patrick and Jerry Jeudy. Sutton and Patrick both had over 700 receiving yards last season despite a weaker passing offense. Jeudy finished just shy of 500 yards in his rookie season. 

The Broncos kept their two heading running game with Melvin Gordon III and Javonte Williams. Gordon rushed for 918 yards with 8 touchdowns last season. Williams added 903 yards and 4 touchdowns in his rookie year. Wilson also adds some scrambling ability to this offense, rushing for 4.3 yards per attempt and 2 touchdowns last season.

Strong defense

Like many Broncos teams in the past few seasons, Denver has built another strong defense. The Broncos added onto that defense this offseason, signing defensive end Randy Gregory from the Dallas Cowboys and Defensive Tackle D.J. Jones from the San Francisco 49ers. These two will join a front seven that already includes Dre’Mont Jones and Bradley Chubb.

Denver’s secondary looks solid as well, despite losing multiple cornerbacks from last season. The Broncos still have Justin Simmons at free safety. He will be joined by Kareem Jackson, who is coming over from the Houston Texans. Patrick Surtain II and Ronald Darby will man the top two cornerback roles as well entering this season.

The Broncos finished last season giving up the third least amount of points to their opponents. Denver finished with 19 turnovers last season and will look to improve on that total. The Broncos only gave up 22 passing touchdowns and 9 rushing touchdowns, which were 5th and 1st in the NFL respectfully.

Don’t buy into the Broncos

Denver is entering this season with a revamped offense and a strong defense, but are in an unfortunate position. The Broncos will go up against arguably the best division in the NFL. While Russell Wilson is a huge improvement on Drew Lock and Teddy Bridgewater, he has not reached his dominant form the last couple of seasons.

The Broncos will start out this season with a relatively easy first half of the schedule. It includes teams like the Seahawks, Texans, Jets and Jaguars, who are all expected to finish in the bottom half of the league. Denver’s second half of the season will get much harder though as they play four divisional games along with the Ravens, Cardinals, Rams and Titans.

Sportsbooks have listed Denver’s win total for the 2022-23 campaign at either 10 or 10 ½ wins. The Broncos are with a completely new coaching staff and a quarterback that has not seen his best play the last few seasons. I expect Denver to have some growing pains with some of their young guys as well this season. I like the value on the under for the Broncos win total this season.

Best Bet: Denver Broncos Under 10 Wins