Only the Tennessee Titans (+17500) have worse odds in the AFC South, as even the Jacksonville Jaguars (+7000) are slightly favored favored over the Colts. For what it’s worth, the reigning division champion Houston Texans are +2200.
Right now, the Baltimore Ravens (+650) are the favorite followed by the Buffalo Bills (+750), Philadelphia Eagles (+750), Kansas City Chiefs (+800), and Kansas City Chiefs (+800) rounding out the Top 5 best odds.
It’s hard to disagree with the Colts’ below average league-wide odds right now, given it’s a franchise that has veteran Daniel Jones as its Week 1 starter without a late offseason injury to its actual starter.
The former 6th overall pick of the 2019 NFL Draft by the New York Giants was once a franchise quarterback hopeful, but having been largely underwhelming as of late, he’s been on 3 NFL teams within the last 2 years.
It’s possible that Jones could benefit from a much needed change of scenery with offensive minded Colts head coach Shane Steichen and a stronger supporting cast than he recently had in New York. That being said, to-date, Jones has been largely erratic through 69 career starts, showing the same highs and lows that also arguably plagued since demoted 3rd-year quarterback Anthony Richardson.
For what it’s worth, the Colts seem to think that they have a good enough roster that with a more consistent starting quarterback who can effectively run the offense, they can at least earn a wild card playoff berth.
That realistically seems like the best case scenario and well short of the Super Bowl sticks.