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DENVER, COLORADO – JANUARY 04: (L-R) Head coach Sean Payton of the Denver Broncos speaks to Bo Nix #10 of the Denver Broncos before the game against the Los Angeles Chargers at Empower Field At Mile High on January 04, 2026 in Denver, Colorado. (Photo by C. Morgan Engel/Getty Images)

Early 2027 Super Bowl odds are officially out, and despite a dominant 2025-2026 campaign, the Denver Broncos are already being treated as an afterthought in the Super Bowl LXI betting market. 

According to early futures released by FanDuel and DraftKings, Denver sits around +1800 to +2000 to raise the Lombardi Trophy next season. 

This puts them outside the top 10 and behind teams like the Kansas City Chiefs, Los Angeles Chargers, Buffalo Bills, and Baltimore Ravens.

That positioning feels jarring given that the Broncos just finished with the best record in the AFC and won the AFC West. 

They were minutes away from a Super Bowl appearance and were forced to play the AFC Championship Game without quarterback Bo Nix.

Still, oddsmakers appear hesitant to fully buy in. 

AFC West Odds Show Familiar Disrespect

The early odds also paint a familiar picture within the AFC West:

Chargers +170
Chiefs  +175
Broncos +215
Raiders +2500

The Chargers are listed ahead of Denver in most markets, with Kansas City close behind, despite both teams finishing below the Broncos in 2026.

As one analyst put it, every offseason, the Chargers are the darling of projection models and betting markets, and the 2026-2027 season appears no different. 

The Chargers’ odds are being driven by offensive changes, including the addition of Mike McDaniel as offensive coordinator. 

They are also expected to get both tackles Joe Alt and Rashawn Slater back healthy.

However, Broncos fans have seen this play out before. 

Talent on paper hasn’t consistently translated to results on the field for LA.

On the other hand, Kansas City remains a respected presence thanks to Patrick Mahomes.

But even that aura took a hit last season as the Chiefs struggled with injuries, roster turnover, and inconsistency. 

Despite this, oddsmakers continue to default to past success, even as Denver has surpassed the Chiefs. 

From a Broncos perspective, the division outlook suggests Denver is being severely undervalued. 

Broncos Expectations Rise With Nix Back, Cap Flexibility Looming

The biggest reason for optimism in Denver is simple: 

Bo Nix is expected back healthy.

Nix was having an exceptional postseason before the season-ending ankle injury.

His development in Year 2 has firmly established him as one of the league’s most promising and clutch young quarterbacks.

With a full offseason to recover, expectations are that Denver’s offense can take another step forward next season. 

Their defense, which ranked No. 4 in scoring in the NFL, will bring back defensive coordinator Vance Joseph.

This is a huge boost for a defense with most of its starters expected to return as well. 

Just as important, the Broncos will finally have meaningful salary-cap flexibility after moving on from the Russell Wilson contract. 

The Broncos spent all of last season being doubted and dismissed, and with these early Super Bowl odds, that same disrespect is clearly carrying over into 2026-2027.

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