For the first time this off-season, the Indianapolis Colts are not the favorites to win the Super Bowl.

I don’t know exactly when it happened, but the Indianapolis Colts were definitely at the top after their Super Bowl defeat and I noticed they were still at the top a few weeks ago.

Indianapolis Colts NFL Cheerleaders

Now the Super Bowl odds list the Colts at +1000 after being +800 earlier in the offseason, slightly behind the San Diego Chargers and the Dallas Cowboys who both sit at +950.

The drop is likely due to the injury to third-round draft pick CB Kevin Thomas that leaves them a little thin in the defensive secondary. They aren’t able to sign restricted free agents because they need to lose another RFA before signing one and they don’t have any RFAs left to be signed.

The only way they’ll get back to favorite status is if they are able to trade for a CB.

The San Diego Chargers are always among the top teams in the NFL and their odds were no doubt helped by the draft where they filled a number of needs. They’ll be relying on players like Ryan Mathews to improve on LaDainian Tomlinson’s 3.3 yards per carry and Cam Thomas to fill the hole left by Jamal Williams.

The Dallas Cowboys shored up their offensive line and many of their players are still on the up-sides of their career, but I’m not convinced they should be the favorites to win the Super Bowl.

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