Broncos Super Bowl LVIII odds entering 2023 NFL season: What chances sportsbooks are giving Denver

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Denver Broncos quarterback Jarrett Stidham (4), left, quarterback Russell Wilson (3), center, and Quarterbacks coach Davis Webb, right, talk during a preseason game at State Farm Stadium on August 11, 2023, in Glendale, Arizona. The Arizona Cardinals hosted the Denver Broncos for their first NFL preseason game of the 2023 season. (Photo by RJ Sangosti/The Denver Post)

Can new coach Sean Payton help add another Lombardi Trophy to the Broncos’ collection eight years after Peyton Manning and Von Miller led Denver to victory in Super Bowl 50?

Oddsmakers are tempering their expectations, putting Denver around the middle of the pack entering Week 1 of the 2023 NFL season. The Broncos have odds ranging from +3,300 — meaning a $100 bet would win $3,300 — to +4,500 to win Super Bowl LVIII at Allegiant Stadium in Las Vegas, according to the five sportsbooks surveyed. The team ranks between the 13th- to 18th-best odds among the sites.

SI Sportsbook has the best odds for Denver at +3,300. Caesars Sportsbook puts the Broncos at +4,000. Meanwhile, BetMGM, DraftKings Sportsbook and Fanduel Sportsbook have them at +4,500.

The Chiefs are favorites on all five sites with odds ranging from +650 to +700. The Eagles are tied with Kansas City on DraftKings at +650, and are second on the sites at +700 to +800.

Denver kicks off its 2023 campaign at 2:25 p.m. MT Sunday, hosting the Raiders at Empower Field at Mile High.

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