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Indianapolis Colts NFL Draft Odds: Will Levis Takes Lead

Adam Thompson for Bookies.com

Adam Thompson  | 4 mins

Indianapolis Colts NFL Draft Odds: Will Levis Takes Lead

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The Indianapolis Colts were expected to be a legitimate AFC Playoff contender in 2022. Instead, the season went into a shocking tailspin, which included the midseason firing of coach Frank Reich and the end-of-season release of interim coach Jeff Saturday. 

An offense that was Top 10 in scoring the previous two years finished 30th, as the trade for veteran QB Matt Ryan was a bust and a revolving door at the position including Nick Foles and Sam Ehlinger didn’t work. 

Jonathan Taylor is in the backfield and there is a defense that, at least on paper, is an upper-half unit. The offense must improve and Indy is in a good spot to make an immediate splash with the No. 4 overall pick in the 2023 NFL Draft. 

Bookies.com oddsmaker Adam Thompson has used his resources of NFL contacts developed over 20 years covering the league and the NFL Draft to create his hypothetical NFL futures odds on who gets selected fourth by the Indianapolis Colts in the 2023 NFL Draft. 

Indianapolis Colts Draft Odds (No. 4)

PlayerCollegeOddsImplied Probability
Will LevisKentucky+13542.6%
Anthony RichardsonFlorida+20033.3%
C.J. StroudOhio State+25028.6%
Will Anderson, EdgeAlabama+10009.1%
The Field +15006.3%

These odds are for entertainment purposes only and were created by the Bookies team of handicappers and may not be available at Indiana betting sites.

It’s no mystery where the rebuild begins here. A quarterback has been a need since Andrew Luck’s surprise retirement after the 2018 season. Since then, Jacoby Brissett, Philip Rivers, Carson Wentz and Matt Ryan were all brought in. Only Rivers, who led the Colts to an 11-5 mark, panned out, but he retired after the season. 

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Fortunately for the team, it sits in the No. 4 spot. With four QBs atop NFL Draft boards, Indy is guaranteed to get one of them. 

Indy was rumored to be in consideration to move up in the draft to get the QB it preferred most. The Carolina Panthers beat them to the punch for No. 1 and will surely use the pick on a quarterback if they keep it. The Houston Texans, currently at No. 2, also have QB atop their wish list. 

The Arizona Cardinals own the No. 3 pick and they’re not in the market for a QB. If the Colts don’t move up one spot, another QB-needy team could swoop in front of them. 

Will Levis didn’t have a strong 2022 season at Kentucky, but he did have a strong NFL Combine effort, and his situation in Lexington (young WRs, decimated O-line, new offensive coordinator) offers a few alibis. He’s been compared to the likes of Josh Allen, but also Jay Cutler.

Anthony Richardson may have the highest ceiling of the four top QBs, but also the biggest boom-or-bust potential. He started just one season at Florida and didn’t find much success, but his NFL Combine results vaulted him into the conversation to go No. 1 overall. 

Ohio State’s C.J. Stroud and Alabama’s Bryce Young were long considered the top two QBs in the field, with the order flipping depending on the day of the week. Young’s physical stature has been considered a concern but his success and decision-making in college were elite. Stroud was highly productive and played his best game against the mighty Georgia defense in the CFP semifinals, but his cognition test offered up huge red flags, especially compared to the scores of Young and Levis, who were both in the high 90s percentile. 

Is it possible the Colts don’t select a QB? The Field encompasses all non-QB prospects, including Georgia D-Lineman Jalen Carter, considered by many to be a can’t-miss type of defensive prospect, as well as Texas Tech edge Tyree Wilson

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About the Author

Adam Thompson for Bookies.com
Adam Thompson
NFL writer and expert Adam Thompson joined Bookies.com in 2019 after a successful run as senior handicapper for SportsLine and CBSSports.com. He's long been established as one of the nation's premier handicappers, specializing in the NFL where he's hit on more than 60% over the past three years. Adam's NBA, PGA and horse racing picks have also produced major winners over the last 12 months. His customized NFL and NBA odds for players and teams have been picked up by hundreds of websites over the past year.