NFL Week 16 Betting Preview: Steelers currently 1.5-point underdogs against the Colts

The Pittsburgh Steelers experienced one of their worst defeats Monday night at the hands of the Cincinnati Bengals. It wasn’t by how much the Steelers lost but rather how much they were favored, the stakes as they could have clinched the AFC North, and the miserable performance especially by the offense.

Can the Steelers offense turn things around in 2020? Are their problems as much mental as physical? Can they still lock up the AFC North with just one more win?

When it comes to the betting lines for Sunday’s game, the following information is the current consensus spread and over/under for the Steelers this week as reported by oddsshark.com.

Game Info: Week 16

Pittsburgh Steelers vs Indianapolis Colts

Sunday, December 27, 2020 at 1:00 PM

Betting line: +1.5

Over/under: 44.5

Last Regular Season Meeting: Steelers (W) 26-24 vs Colts

Win streak: 6 games PIT

Last 3 Meetings: PIT 3 - 0 IND

Last 10 Meetings: PIT 8 - 2 IND

The opening line on the game was at -2.5 when the schedule was released in May. This line was still the same during the Steelers’ Week 15 matchup on Monday night. After the Steelers were upset, the line moved in the Colts favor.

Being the underdog on Sunday, the Steelers have a current moneyline on sportsbettingdime.com of +110 to win the game straight up, which is the equivalent of 11/10 odds. So a $20 bet placed on the Steelers over the Colts would have a payout of $42 ($22 plus the original $20 bet). The Colts have a current moneyline of -130, or 10/13 odds. Therefore the same $20 bet placed on Indianapolis to win straight up would have a payout of $35.38 ($15.38 plus the original $20 bet) .

According to Oddsshark.com, the Steelers are 1-4 against the spread in their last 5 games and are 15-1 straight up in the last 16 games at home against Indianapolis. The Steelers also have gone UNDER in 4 of their last 5 games and have gone OVER in 5 of their last 7 games against the Colts.

If looking at the futures bets, the Steelers odds to win the Super Bowl vary from 14/1 to 16/1. The Steelers odds to win the AFC Championship are 6/1 odds with the Kansas City Chiefs having the best odds. As for winning the AFC North, the Steelers are currently at 1/5 odds and are ahead of the Browns at 15/1 odds. Both the Ravens and Bengals are now eliminated.

SportsBettingDime.com has the odds at https://www.sportsbettingdime.com/nfl/odds/