Colorado online sports betting is legal and Denver Broncos fans can now get action at BetMGM Sportsbook for the 2020 NFL season.
New to sports betting? SportsbookWire.com has you covered. We’ll give you the sports betting 101 for beginners and explain Moneyline, Against the spread and Over/Under betting, and explain how to read odds to find the best value in the odds and lines when betting on the Broncos in 2020.
Denver Broncos’ 2019 betting results
The Broncos went 7-9 straight up on the moneyline in 2019, while going 4-1 over their last five games with QB Drew Lock under center. Denver was 9-7 against the spread. Despite losing by 2.1 points per game, the Broncos covered the point spread by 0.5 PPG.
The Broncos’ strong defense and poor early-season offense resulted in a 7-9 record against the Over/Under last year. They fell an average of 4.0 points shy of the point projections.
How to bet on the Broncos: Bet types
Moneyline (ML) betting
The moneyline is the first stop of sports bettors as the easiest way to get betting action on a game. Pick one team to beat the other. Odds are impacted by the NFL standings, recent performance, injuries and historical head-to-head records. Books will also adjust the odds and lines throughout the week based on which side is drawing the largest share of the betting action.
Home teams are often given an innate edge in the NFL, but that could change in 2020 with teams like the Broncos beginning the season without fans permitted at Empower Field at Mile High.
The Broncos were 5-3 at home last season and 3-2 overall as moneyline favorites.
Against the spread (ATS) betting
Moneyline bets are best for backing underdogs to win outright in an upset as there’s greater profit with a winning ticket. The spread is how to bet favorites.
A point spread sets a line (i.e. 3.5) for how many points a favorite will need to win by or the underdog will need to stay within in a loss for the bet to cash. The odds can be skewed in an attempt to steer betting action but are generally set equally on both sides of the line.
Example: The Broncos opened as 1.5-point home favorites against the Tennessee Titans in Week 1. They would need to win by 2 or more points for an ATS bet to cash, while the Titans would need to lose by a single point (or win outright) for their side of the bet to win. Both teams had -110 odds to cover their respective side of the spread.
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Over/Under (O/U) betting
Betting the Over/Under, or total points scored by both teams, is a common play when the game is too tight to call on the moneyline or spread. It can also be a good place to look as a neutral viewer or when trying to eliminate personal bias.
NFL point totals typically range from the low 40s to mid-50s but can extend in either direction based on the matchup, injuries or television slot. Like with spreads, the odds are typically equal for both the Over and Under, but they can differ in an attempt to draw in more bets on a particular side.
How to bet on the Broncos: Understanding odds
Moneyline favorites can range from -125 to -455 (or lower) early in the season. A $10 bet would return a profit of $8 or $2.20, respectively. The latter is referred to as a chalk play and is best avoided as the return isn’t worth the risk.
Underdogs can be +105 to +350 for profits of $10.50 and $35, respectively, on a $10 bet. All odds can extend further in either direction later in the season as separation grows in the standings.
Spread and Over/Under odds are typically kept within a tighter range of -120 to +120, but are typically set at an equal -110 on either side. The 10-cent loss on a winning bet is how the sportsbook makes its money as what’s called the juice or vig.
How to bet on the Broncos: Live/mobile betting
BetMGM has a terrific mobile sports betting app, which will surely be a second-screen trend for Broncos fans in 2020 and beyond. Sports bets can be placed anywhere, anytime leading up to and after the opening kickoff. The ability to place wagers on live, updated odds allows bettors to double-down on pregame wagers or flip sides based on the early results.
Scoring plays, big gains, turnovers or injuries affect the lines and odds in either direction. Following along with the game and knowing when the live odds don’t match the eye test is a great way to get value and beat the book. Acting early before the book has time to adjust the odds is even better.
Get some action on the Denver Broncos or other NFL teams in 2020 by signing up and betting at BetMGM. If you’re looking for more sports betting picks and tips, access all of our content at SportsbookWire.com. Please gamble responsibly.
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Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.
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