NFL Most Improved Team Odds 2023: Odds Suggest Bears Favored — but is Chicago the Smart Play?

The Chicago Bears are favored to be the most improved team in the NFL this season... but we have reason to believe the smart money resides in another NFC team to take the biggest leap from 2022.

Josh Inglis - Betting Analyst at Covers.com
Josh Inglis • Betting Analyst
Jul 26, 2023 • 15:20 ET • 4 min read
Justin Field Chicago Bears
Photo By - USA TODAY Sports

Da Bears finished with the worst record in football in 2022 at 3-14. That makes their path to be the most improved team in football much easier than other teams heading into the 2023 season.

DraftKings currently has NFL odds for the most improved team available and the criteria for that (which is explained more in the bet slip) is the team with the biggest increase in regular season wins from the previous season.

With a current win total of 7.5 for this season, it’s easy to see why the Chicago Bears odds have them as the betting favorite at +210. However, a lot has to go right for the Bears to flirt with a five-win — or even a four-win — improvement from a season ago.

NFL most improved team odds 2023

Team 2022 Record DraftKings
Bears Chicago Bears 3-14 +210
 Broncos Denver Broncos 5-12 +425
 Texans Houston Texans 3-13-1 +700
 Colts Indianapolis Colts 4-12-1 +800
 Saints New Orleans Saints 7-10 +850
 Jets New York Jets 7-10 +1,100
 Browns Cleveland Browns 7-10 +1,400
 Panthers Carolina Panthers 7-10 +1,800
 Falcons Atlanta Falcons 7-10 +1,800
 Jaguars Jacksonville Jaguars 9-8 +2,200

Odds as of July 26, 2023

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The case against the Bears

First, Justin Fields needs to be healthy for most of this season. Although there are upgrades on the offensive line and at wide receiver, expecting Fields to make it through a full season, when he’s running 10 to 15 times a game, is tough. He wore down late last season and even if the offense scales back the rushing opportunities, it will be taking away its most explosive aspect — because it’s certainly not the passing game.

Fields ranked dead last in aggressiveness percentage, meaning he threw the lowest percentage of his passes into tight coverage. He ranked 36th of 41 in Pro Football Focus pass grade and 37th in time to throw, per NFL Next Gen Stats. This is a QB who doesn’t attempt (or make) throws into tight coverage while also being slower to get rid of the ball. Just adding star wideout DJ Moore isn’t going to make Fields a better passer and considering the shape of this defense, just getting seven wins could be a struggle.

Chicago lost five games by 20 or more points in 2022 and had the worst defense in terms of EPA play. Yes, it unloaded some pieces during the season in Roquan Smith and Robert Quinn, but it's also beginning the year with five new starters on defense, including a rookie corner in Tyrique Stevenson, who was the eighth CB drafted this year. 

The Bears also had one of the worst pass rushes in 2022 and ranked dead last with 1.2 sacks per game. They didn’t address this issue in the offseason and the secondary is still problematic after allowing 7.7 yards per pass attempt last season — the worst mark in football.  

Strength of schedule is highly priced into NFL win totals odds, so just because we know the Bears have an easier schedule this season doesn’t mean we’re getting info that isn’t readily available or not priced in. As Clevta (@Clevta) explained in his team preview on Twitter, “This 7.5-win total is already factoring positive close game regression, an easier schedule, and assuming Fields’ progression.” 

I’ll have to agree with him in that a lot can go wrong that could sink Chicago's season. Basically, more has to go right for a 7/8-win season versus a year where it wins six or fewer games. 

"Including only teams who won at least three games in the previous season, Chicago is one of six teams since 2000 with an O/U win total of 4.5 wins more than they won the prior year,” according to Clevta. He adds that most of those win totals were because of major QB injuries the season prior. 

I think if bettors put the Bears closer to a 7-win team, they can find better value in this market.

Our best bet for most improved team

Looking at teams that could potentially win 4+ games over last year, the Denver Broncos odds (+425) are intriguing following their coaching change and Sean Payton straightening out Russell Wilson. They also have a solid defense that can win games, and a win total of 8.5 — following a 5-12 season a year ago, Denver finishing 9-8 (vs. the Bears at 6-11) is possible, but I’d prefer not to hook my wagon to Russ this season. 

Looking at another angle, the NFC South is wide open this year and one of those teams that finished 7-10 SU in 2022 could finish plus-3 or even plus-4 wins if they run the division. 

The difference between the New Orleans Saints odds at +850 and Atlanta Falcons odds (+1,800) seems excessive considering they finished with identical 7-10 records last year and both teams are currently hovering close to 9 total wins (implied) on their season win total. 

Some sharp money has already hit the Falcons’ team win total Over 8.5 this summer and Atlanta has a dream schedule to begin its first 10 games. The Simple Handicap podcast pointed out in June that Atlanta will begin the season facing a rookie QB (Bryce Young), a first-time starter (Jordan Love), Jared Goff, Trevor Lawrence, another rookie (CJ Stroud), another first-time starter (Sam Howell), Baker Mayfield (or Kyle Trask), Ryan Tannehill, Kirk Cousins, and an unknown at QB in Arizona for Week 10.

Considering that stretch, an 11-6 record isn’t unimaginable in a weak division for an Atlanta team that has great skill players, upgraded its defense, and has a coach that has back-to-back 7-win seasons already. 

If you’re betting on DraftKings’ most improved team in 2023, look past the betting favorite and key in on the Falcons at a healthy 18/1. There should not be a 50% difference in implied probability between the Saints and Falcons in this market.

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Josh Inglis - Covers
Betting Analyst

Josh Inglis is a rising star in the sports betting content space, specializing in MLB, NHL, and NFL markets. Since joining Covers in 2018, Josh has focused his betting expertise on player props and derivative markets, finding them easier for beating the closing line compared to sides and totals. His engaging analysis and content have been showcased on major networks such as TSN and NBC. Josh is a prolific bettor, tracking over 2,500 bets annually and he consistently shares his results through monthly transparency reports. At Covers, he is renowned for his MLB release shows and NHL Puck Props, which are integral parts of the site's live content lineup.

Before his tenure at Covers, Josh spent a decade teaching while pursuing sports media on the side. He has also contributed to live global senior-level broadcasts for the WBSC.

Josh advocates for sports bettors to bet early, emphasizing the importance of securing better numbers by beating the public to the market. He also advises having multiple sportsbook accounts to ensure access to the best possible odds. His preferred sportsbook is bet365, which he favors for its extensive range of player prop markets and live betting options.

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