Still far from favorites, the Indianapolis Colts’ Super Bowl odds tightened after news broke that the team is trading for quarterback Matt Ryan.
For the reported cost of a third-round draft pick to the Atlanta Falcons, the Colts secured the successor to Carson Wentz. The Colts hope Ryan provides more stability after Wentz lasted all of one season in Indy.
Sportsbooks view the move favorably, wasting little time in lowering the odds on the Colts to win Super Bowl 57. No, they’re still nowhere near the top half of the board, but that’s to be expected.
But if you placed a futures bet on the Colts before Monday afternoon, you’re getting good value on that play.
Colts’ Super Bowl Odds At Multiple Sportsbooks
Until Monday afternoon, the Colts were a team without a quarterback. Though some would argue that was the case while Wentz was still on their roster.
Wentz spent one year with the Colts, and it will go down as something of a disaster. His stats weren’t bad, but the results were lacking. And so were the Colts’ odds.
DraftKings quickly adjusted the odds on the Colts from +3500 to +2500
The Colts' Super Bowl odds move from +3500 to +2500 after adding Matt Ryan pic.twitter.com/alX5J40lmN
— DraftKings Sportsbook (@DKSportsbook) March 21, 2022
BetMGM and SuperBook USA were at both at +3000 on the Colts before a move to +2500 after news of the Ryan deal. FanDuel went from +2800 to +2500.
https://twitter.com/BetMGM/status/1505964481507213315?s=20&t=G4ewtkEgUcsZSJzFwE985Q
The Colts still have plenty of work to do in the loaded AFC.
Matt Ryan Brings Stability To Indianapolis Colts
The quarterback position has been a revolving door for the Colts ever since Andrew Luck retired. Philip Rivers could have been the answer but retired after a solid 2020 season. That led to Indianapolis trading for Wentz.
The move made sense given Wentz had his best season when Colts head coach Frank Reich was the offensive coordinator in Philadelphia. But Wentz was unable to thrive with the Colts.
Ryan, entering his 15th season, has been a model of consistency. He may not always flash the form that helped lead the Falcons to the Super Bowl after the 2016 season, but he’s still capable of getting the job done.
In 2021, Ryan completed 375 of 560 attempts (67%) for 3,968 yards. He threw 20 touchdowns and 12 interceptions. He had a 90.4 rating and a 45.1 QBR. Ryan was sacked 40 times.
Wentz, meanwhile, connected on 322 of 516 attempts (62.4%) for 3,563 yards. He tossed 27 touchdowns against just seven interceptions. Wentz suffered 32 sacks, had a 94.6 rating, and a 54.7 QBR.
The Colts have an outstanding running game led in Jonathan Taylor, but their offensive line ranked 30th in the league in pass-blocking efficiency, per Pro Football Focus.
Ryan is on track to become the seventh Week 1 quarterback in as many seasons for the Colts. This time, the Colts are hoping their man will be at the helm for more than just the 2022 campaign.
More QB-related Super Bowl odds moves: Browns | Broncos | Packers
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