Indianapolis Colts Betting Guide

The Indianapolis Colts franchise has a rich history dating back to when they moved from Baltimore to Indiana to become the Colts.

The franchise itself was founded in 1953 in the American Football League but then relocated to Indianapolis in 1984. Since the move, the Colts have made the playoffs 16 times, won a pair of conference championships and won Super Bowl XLI.

One of the most exciting parts of watching the Colts and NFL football is betting on the game. If you’re new to sports betting in Indiana, or betting on the Colts, here’s an introduction to NFL betting to get you on the right track.

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Now that sports betting is legal in Indiana, there are several ways you can bet on sports online and, more specifically, the Colts. Here are your online options in Indiana:

  • DraftKings Sportsbook
  • FanDuel Sportsbook
  • BetMGM
  • BetRivers

Indianapolis Colts division: AFC South

The Indianapolis Colts play in the AFC South division. The other three teams in the division are the Houston Texans, Jacksonville Jaguars and Tennessee Titans. The division was founded in 2002 when the NFL expanded from six divisions to eight.

The Colts have won the most AFC South titles with nine while the Houston Texans are second, having won the division five times. The Tennessee Titans have won the division twice while the Jags have won it once.

Indianapolis Colts betting odds

When you go to bet on the Colts, there are three main types of bets you’ll see:

  • Point spread
  • Moneyline
  • Total

Let’s walk you through each, so you have an understanding of how to read the odds:

Point spread

The point spread is a margin of victory. When you’re betting on these lines, you might see something that looks like the following:

  • Houston Texans +2.5
  • Indianapolis Colts -2.5

In this case, what you’re betting on is which team will “cover” the margin of victory. The first thing you want to look for is the plus or minus sign. If it’s a minus sign, what that means is that the team has to win but 2.5 points or more. In this case, if you bet the Colts, they would have to win by 3 points or more for you to cover.

On the other hand, the plus sign means you’re getting points. In this case, if the Texans lost by 2 points or one, or won the game outright, you’d win your bet.

Moneyline

The moneyline is a type of bet that solely focuses on the outright winner; the margin is not a factor. You might see a betting line that looks like this:

  • Houston Texans +150
  • Indianapolis Colts -180

What this line tells you is how much you’ll win betting on each side. The minus sign indicates the favorite. It also tells you that if you bet $180 on the Colts and they win, you’d win $100. On the flip side, the plus sign tells you how much you’d win if you bet $100. In this case, a $100 winning bet on the Texans would pay +150.

Total (Over/Under)

The total is another way to bet on football games as it allows you to bet on the combined score of the two teams. If you’re not sure who will win the game, this gives you the option to bet on whether it will be a high- or low-scoring affair.

You might see a line like this:

  • Houston Texans at Indianapolis Colts
  • Total: 54.5

In this case, what you have to decide is whether the combined score of the two teams will be more or less than 54.5. If you think the game might be a defensive scoring contest, you’d bet under. If you think it will be a high-scoring shootout, you’d bet over.

Scores like 20-10, 27-20 and 50-3 are all examples of unders in this case. Scores like 54-20 and 30-27 are examples of overs.

More popular NFL bet types

There are many options for betting on the Indianapolis Colts.

Here is a quick list of a few more popular bet types:

Futures: Futures are a type of bet that’s decided down the road. For example, if it’s still the preseason and you wanted to bet on the Colts to win the AFC South Division or to win the Super Bowl. These bets are risky as they are long-term and a lot can happen. However, they often come with the reward of a sizable payout.

Parlay: Parlays are a type of multiplier where you tie-in multiple bets. For example, let’s say you bet the Colts, Patriots and 49ers to win (all in separate games). If any of them lose, you lose the entire bet. However, the upside of parlays is they offer big payouts.

Props: Props are types of bets that are focused on the performance of a player or team. For example, betting on how many passing yards Luck will have in a game or whether the Colts will score in the last two minutes of a half. This allows you to bet on the game without deciding on who will win.

Three things to remember betting the Indianapolis Colts

1. The Colts play in an indoor stadium

That’s important to know because they’re not a team that deals with the weather when they are the host. For eight games a year, they’re in their cozy indoors. That means if they have to go on the road in December, to face frostbite or frigid temperatures, they’re not used to that.

2. They play on turf

In the NFL, teams can play on grass or turf, and the Colts play on turf. Currently, the type of turf they play on is the Shaw Sports Turf Momentum.

Turf provides an edge for teams who rely on finesse as it highlights speeds and explosiveness. That means when they’re the host; they tend to have an edge as they are used to it. However, when they go on the road to play on grass — especially if it’s wet, snowy or muddy — and their footing isn’t as good, that tends to be a disadvantage to them.

3. They’re an East Coast team

The Colts play in the Eastern time zone, so that’s important to know for a few reasons. For starters, road trips to New York and New England are short hauls for them. They don’t even have to change their clocks when they visit many of the teams.

However, a visit to Los Angeles or San Francisco is a bit of a journey for the Colts. They’re in an odd spot where they have to travel quite a bit to face their divisional foes as the Houston Texans and Jacksonville Jaguars are a long trip south, although the Tennessee Titans are closer.

Indianapolis Colts biggest rivals

During the storied history of the Colts, several different rivalries have emerged. Some have stood the test of time, while others have ebbed and flowed based on the era.

Currently, three rivals stick out. Any time one of these teams cross paths with Indianapolis, it’s a good idea to circle the game on the schedule as a must-see.

  • Houston Texans: Few teams are a bigger pain in the neck for the Colts than the Houston Texans. The division rivals can usually count on meeting each other twice, and the 2020 season is no different in this regard. Last year, the teams split their games, but with both vying for a divisional championship in 2020, it’s guaranteed to be as hot as ever.
  • Baltimore Ravens: When two teams that share or have shared a city collide, sparks are bound to fly. The Colts used to be Baltimore’s team, and there’s always extra motivation to speak for a betrayed fanbase. The Ravens are also expected to be a top team, so competition is guaranteed to be fierce.
  • Las Vegas Raiders: No matter where they are, the Raiders have always rubbed the Colts the wrong way. In its inaugural season in Las Vegas, Raider Nation is looking to make a splash. Nothing would make the Colts happier than spoiling the party a bit.

Indianapolis Colts franchise history

The Colts franchise traces its roots back to 1953.

Initially located in Baltimore, the team would go on to win three championships in the days before the merger of the NFL and AFL.

The 1958 NFL Championship game was particularly memorable, as the team took down the New York Giants in an overtime thriller, a game that many view as the one which put the NFL on the map.

The Colts were also involved in one of the biggest upsets in NFL history. Entering Super Bowl III, they were big favorites over the New York Jets of the rival AFL. They would go on to lose by a score of 16-7, with the game going on to signify that the NFL and AFL were on equal footing.

The team would win Super Bowl V over the Dallas Cowboys, and go on to win a number of division crowns through the 1970s. In 1983, the team was embroiled in a dispute with the city of Baltimore over requested upgrades to Memorial Stadium. The result was the Colts’ franchise packing up and relocating to Baltimore.

The Colts didn’t find a ton of success in their new locale, but fortunes changed when the team selected Manning with the first overall pick in the 1998 NFL draft. The team was competitive throughout the Manning era and was able to take down Super Bowl XLI in 2006.

The Andrew Luck era

In the first round of the 2012 NFL draft, the Colts selected Luck, a quarterback out of Stanford. The team had the first overall pick that year due to its poor record of 2-14 the prior season.

It was the beginning of a new era in Indianapolis. The team released Manning in the offseason, so the team was ready to begin anew with what they hoped was another franchise player.

Their hopes were answered. Luck evolved into one of the top players in the league. Among his accomplishments were being selected to the Pro Bowl four times, and an NFL Comeback Player of the Year award in 2018. He dealt with several injuries in the latter part of his career. On the eve of the 2019 regular season, Luck unexpectedly retired from the NFL.

While he never led the team to its ultimate goal of a Super Bowl, the team made it to the postseason four times with him behind center. He finished his professional career with 23,671 passing yards, 171 touchdowns versus 83 interceptions, and a completion percentage of 60.8.

Indianapolis Colts: All-time leaders

Here are the all-time leaders for the Colts franchise in the major statistical categories.

  • Passing: Manning, 54,828 yards, 399 touchdowns
  • RushingEdgerrin James, 9,226 yards, 64 TDs
  • ReceivingMarvin Harrison, 14,580 yards, 128 TDs
  • Winningest coachTony Dungy, 85-27-0
  • InterceptionsBobby Boyd, 57
  • SacksRobert Mathis, 123

Indianapolis Colts in the NFL Hall of Fame

The Colts franchise has had 13 players inducted into the NFL Hall of Fame, as well as five coaches and executives. Here are the players who have been enshrined in Canton, along with their position and year of induction.

  • Art Donovan, defensive end, 1968
  • Joe Perry, full back, 1969
  • Gino Marchetti, defensive end, 1972
  • Jim Parker, offensive lineman, 1973
  • Raymond Berry, wide receiver, 1973
  • Lenny Moore, halfback, 1975
  • Johnny Unitas, quarterback, 1979
  • Ted Hendricks, linebacker, 1990
  • John Mackey, tight end, 1992
  • Eric Dickerson, running back, 1999
  • Marshall Faulk, running back, 2011
  • Richard Dent, defensive end, 2011
  • Marvin Harrison, wide receiver, 2016

The team also has a Ring of Honor at Lucas Oil Stadium, which was established in 1996. It honors those who have made the most significant contributions to the franchise and currently includes 10 players.

Here they are with their positions and year honored:

  • Bill Brooks, wide receiver, 1998
  • Chris Hinton, offensive lineman, 2001
  • Jim Harbaugh, quarterback, 2005
  • Marvin Harrison, wide receiver, 2011
  • Edgerrin James, running back, 2012
  • Eric Dickerson, running back, 2013
  • Marshall Faulk, running back, 2013
  • Jeff Saturday, center, 2015
  • Peyton Manning, quarterback, 2017
  • Reggie Wayne, wide receiver, 2018

Pro football players from Indianapolis

Throughout NFL history, there are more than 200 players who have come from the state of Indiana, many of whom are from Indianapolis. Currently, there are 15 players in the NFL from Indiana and five from Indianapolis alone.

Here are those from the latter category, listed by position and current team:

  • Jack Doyle, tight end, Indianapolis Colts
  • Zach Martin, offensive tackler, Dallas Cowboys
  • Sheldon Day, defensive tackle, San Francisco 49ers
  • Deon Lacey, linebacker, Miami Dolphins
  • Nick Martin, center, Houston Texans

Indianapolis Colts FAQ

Is it legal to bet on the Colts?

Sports betting was legalized in the state of Indiana in 2019. Residents must be 21 years of age to place wagers and physically located in the state of Indiana. For the initial rollout, betting was legalized at physical sportsbooks with online and mobile betting now live as well.

Who is the owner of the Indianapolis Colts franchise?

Jim Irsay is the current owner of the Indianapolis Colts. He took over as principal owner in 1997, succeeding Robert Irsay. Back in 1972, Irsay purchased the Los Angeles Rams for $19 million. He proceeded to swap teams with Carroll Rosenbloom, who was the owner of the then Baltimore Colts.

What is the net worth of the Colts franchise?

According to Forbes estimates for 2019, the Colts are valued at $2.65 billion, an increase of 11 percent over the previous year. The team’s operating income is estimated at $104 million for the most recent year. 

How many times have the Colts won the Super Bowl?

The Colts have two Super Bowl titles. They defeated the Dallas Cowboys in Super Bowl V, and took down the Chicago Bears in Super Bowl XLI. The team has also been to two other Super Bowls, losing to the New York Jets in Super Bowl III and to the New Orleans Saints in Super Bowl XLIV.

How many times have the Colts made the playoffs?

The Colts have made it to the postseason 28 times in franchise history. Five of those appearances took place prior to the merger of the NFL and AFL. The team made it to three NFL Championship games prior to the Super Bowl era, going 2-1. The club has made it to four Super Bowls, going 2-2. All told, the playoff record stands at 23-24.

Who is the Colts current head coach?

Frank Reich is the current head coach of the Indianapolis Colts. Prior to taking the job, he served as offensive coordinator for the Philadelphia Eagles. This is his first head coaching gig in the NFL, but Reich has extensive experience at the assistant and coordinator level. He’s also a former NFL player with a career that spanned from 1985 through 1998. Most memorably, he served as backup QB for the powerhouse Buffalo Bills teams of the early 1990s.

Where do the Colts play?

Lucas Oil Stadium.

Who is the starting quarterback for the Colts?

Jacoby Brissett is the current starting QB for the Colts. He took over for Andrew Luck, who unexpectedly retired in advance of the 2019 season. Brissett also served as starter for the team in 2017 when Luck was out to injury.

Why did the Colts leave Baltimore?

The Baltimore Colts played their home games at Memorial Stadium. Team owner Robert Irsay wanted the city to pay for upgrades, but no progress was made. The matter continued to escalate, and Irsay negotiated a back-door deal with the city of Indianapolis to relocate the team. On March 28, 1984, the franchise abruptly packed up its things in the middle of the night on moving trucks and relocated. Baltimore would remain without an NFL team until 1996 when the Cleveland Browns relocated and became known as the Baltimore Ravens.