Jaylen Waddle Traded to Broncos – See Denver’s NEW Super Bowl Odds & Win Total

• The Broncos acquired Jaylen Waddle in exchange for a 1st, 3rd and 4th round draft pick
• Denver’s Super Bowl and win total odds were both shortened after the move
• See the updated Broncos Super Bowl odds and win total odds below, plus find out if they’re a good bet in either market

Earlier in the offseason I was begging the Broncos to add Stefon Diggs in free agency. On Tuesday, they went one step further trading for a younger, speedier wide receiver in Jaylen Waddle.

The cost wasn’t cheap, as Denver was forced to send a 1st, 3rd and 4th-round pick back to Miami, but Waddle will help fill one of the Broncos most pressing needs. Receiving production over the middle of the field.

On the heels of the move, Denver’s Super Bowl and win total odds were shortened. Keep reading to see the updated prices, and whether or not they’re a good wager in either (or both) markets.

Denver Broncos Super Bowl Odds

Prior to the move, the Broncos were listed at +2000 in the Super Bowl odds across most commercial online sportsbooks. Following the trade, their price was shortened to +1800, which is still longer than 12 other teams.

From a value perspective, I think there are better options, but you can easily make the case that they’re a legit championship contender.

CAESARS SPORTSBOOK

Bet $1 & Double Your Winnings on Your Next 10 Wagers!

LOCK IN PROMO

CODE: SBDDYW

CODE: SBDDYW

SIGNUP PROMO

DOUBLE YOUR
WINNINGS

ON YOUR NEXT 10 WAGERS!

CLAIM OFFER

Waddle Fills a Massive Void

Let’s not forget, Denver was a few plays away from making the Super Bowl in 2025, and that was with a backup QB playing in the AFC Championship Game. If starter Bo Nix had been healthy, the Broncos likely get past the Patriots, setting up a date with the Seahawks for the Lombardi trophy.

Yes, it was a down year for the AFC last season, but there’s plenty to like about Denver. They have arguably the best defense in the league, and now another weapon for Nix and Sean Payton to deploy.

Waddle offers a nice compliment to Courtland Sutton as the Broncos 1-2 receiving punch. Sutton can run all the deep, boundary routes, while Waddle can patrol the middle of the field. Few receivers are as electric as Waddle, and he operates best in the slot.

That area of the field has been neglected by Nix over his first two seasons, despite his propensity for throwing short. Nix averaged just 6.4 yards per attempt in 2025, which ranked 30th in the NFL. Most of his non-Sutton throws however, were bubble screens and dump offs, as Denver lacked a true difference maker in the slot.

Waddle is as dangerous a wide receiver as there is when he’s healthy, with 4.3 speed, and three 1,000 yard seasons under his belt. He can win versus man and zone, and can house any throw from any level of the field.

Jaylen Waddle’s Top Three NFL Seasons

That’s got to be music to Payton’s ears, who’s no stranger to turning slot receivers into All-Pro’s. Look no further than the success Michael Thomas had in New Orleans, to see Payton’s star making ability.

So should you run to bet Denver to win it all? I’d hesitate. There are plenty of futures markets where they’re a good buy, but I’m still not convinced Nix has the upside to win a Super Bowl if the best quarterbacks in his conference – Patrick Mahomes, Josh Allen and Lamar Jackson, are all healhty.

For me to back a championship longshot I want to believe their quarterback can win a game all by himself. Waddle’s presence will give Nix a higher ceiling, but I don’t he’s good enough to carry the Broncos to a championship.

Buy the Broncos in the NFL Win Totals

Betting Denver to clear their win total is a completely different story. The Broncos currently boast a projection of 9.5 victories in the NFL win totals, with -115 juice. The odds have been shortened from -110 before the trade, but I expect this to reach -130 or longer very soon.

Denver Broncos Win Total Odds

Waddle is a clear upgrade over Denver’s secondary receivers, and should help elevate an offense that ranked 17th in success rate, and 17th in passing yards. The Broncos defense is elite (1st in success rate, 7th in EPA/play), and their schedule isn’t overly challenging despite coming off a division crown.

Denver currently boasts the 15th most difficult schedule for 2026, which is easier than the other top-two contenders in their division (Chiefs 5th, Chargers 9th). Their two most difficult out of conference games (vs Seahawks and Rams) are at home, while they’ll also host the Bills and Jags, arguably their two toughest out of division AFC opponents.