Posted by Sabrina B. @gametimegirl

Peyton Manning’s reported desire to join the Denver Broncoswas enough to remake them from Super Bowl XLVII outsiders to serious contenders among Las Vegas oddsmakers.

Sports books quickly reacted to the quarterback’s decision, lowering odds that were 50-1 last month with Tim Tebow at QB to as low as 10-1. One of them, Bovada.lv, listed them at 12-1 along with the Houston Texans after posting them at 50-1 on Feb. 6 — the day after Manning’s younger brother, Eli, led the New York Giants to a second Super Bowl victory against the New England Patriots.

The Green Bay Packers (13-2), Patriots (15-2) and New Orleans Saints (10-1) are ahead of the Broncos and Texans according to Bovada.lv

“Our Super Bowl odds have been down for a couple weeks until we knew where Peyton would go, since this signing would have such a huge impact on every team’s odds,” Bovada.lv Sportsbook manager Kevin Bradley said in an email. “As I expected, the public is taking them regardless as soon as we opened. We were a bit lucky that Denver came out of nowhere in the Manning Sweepstakes so not too many people bet them at 50-1.”

Lucky’s sports book also has the Broncos at 12-1, with directorJimmy Vaccaro telling the Las Vegas Sun, “there will be no bargains on Denver winning it all now. It’s very apparent that we’re going to get a lot more money on Denver with the Peyton signing. I relish anything that creates interest. And this might be the biggest free-agent signing of all time.”

He’s an even choice to win Comeback of the Player award and a 7-1 choice to win a fifth MVP trophy according to Bovada. The Broncos’ odds of playing the New York Giants in SB XLVII remain high (50-1) but they’re a 6-1 choice to win the AFC and 2-3 favorites to win the West division.

Manning has also sparked a market of proposition bets, with Bovada offering wagers such as whether his first pass in 2012 will be complete (5-9), incomplete (3-2) or intercepted (10-1).

WRITTEN BY Gary Graves, USA TODAY & FULL STORY HERE