Reflecting what has been considered a strong showing by the Indianapolis Colts in their off season free agent signings, they MGM Grand in Las Vegas has installed them as favorites to win Super Bowl 50. The Colts are currently 5-1 favorites putting them ahead of a tightly bunched pack of contenders.
In the past week, the Colts have picked up a legit running back in Frank Gore and a playmaking receiver in Andre Johnson. Considering that the Colts finished third in total yards and averaged 28.6 points per game last season the additions could make the Indy offense downright unstoppable. The Colts also improved on the defensive side of the ball adding linebacker Trent Cole and defensive end Kendall Langford and beefed up the line signing offensive guard Todd Herremans. Many NFL experts also considered the departure of much maligned running back Trent Richardson ‘addition by subtraction’. At the very least, the team upgraded significantly with the addition of former San Francisco 49er Gore.
Right behind the Colts are the Seattle Seahawks and Green Bay Packers at 11-2, the New England Patriots at 6-1 and the Dallas Cowboys at 8-1. Indianapolis had been 10-1 before the additions of last week. Keep in mind that the MGM’s odds aren’t necessarily reflected at other sportsbooks in Nevada and offshore. At offshore book Bovada, the Seattle Seahawks are favored to win the Super Bowl at 5-1. The Colts are 9-1 at Bovada up from 14-1 before their free agency moves. At the influential Westgate Las Vegas Sports Book the Seahawks and the Patriots and taking most of the action and are 6-1. At William Hill, the Packers and Seahawks are co-favorites at 6-1.
While there’s definitely enthusiasm among bookmakers and bettors about the Colts following their free agency acquisitions it’s important not to read too much in to futures odds in general. Most ‘wise guys’ avoid futures odds due to poor value–that’s especially true at the MGM which has a reputation for an almost usurious ‘house edge’ on their futures odds. Books also post and move odds as much in relation to the money they’re holding as the intrinsic chances of a specific team winning the Super Bowl.