MGM Sportsbook: Colts favorites to win Super Bowl 50

The Indianapolis Colts are now the new favorites to win Super Bowl 50, according to the latest odds released by the MGM Sportsbook in Las Vegas and obtained by ESPN.com.

The Colts are now 5-to-1 favorites, followed by the Seattle Seahawks and Green Bay Packers at 11-2, with the Super Bowl Champion New England Patriots (6-1) and the Dallas Cowboys (8-1) rounding out the top five.

At the Westgate Las Vegas SuperBook, the Seahawks and Patriots are odds-on–co-favorites to win Super Bowl 50, which will take place Feb. 7 at Levi's Stadium in Santa Clara, Calif.

The Colts added veteran running back Frank Gore and wide receiver Andre Johnson this offseason to an offense that ranked third in total yards and scored 28.6 points per game last season.

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[daily_cut.nfl]The Philadelphia Eagles added the the NFL’s leading rushing DeMarco Murray, signing him to a five-year, $42 million deal and sending 2013 NFL passing leader Nick Foles to the St. Louis Rams for former No. 1 pick Sam Bradford. Westgate has Philadelphia as a 16-1 favorite to win the championship.

The New York Jets, despite overhauling their secondary with the additions of cornerback Darrelle Revis, Antonio Cromartie, Buster Skrine and safety Marcus Gilchrist and acquiring quarterback Ryan Fitzpatrick, are listed at 75-1 by the MGM. - Scooby Axson

GALLERY: CELEBRITIES AT SUPER BOWL 49 PARTIES

Celebrities at Super Bowl XLIX Parties

Maxim Party

Chris Pratt and Ana Faris

Madden Bowl party

Kevin Hart and fiancé Eniko Parrish

ESPN Party

Charlotte McKinney

Maxim Party

Chantel Zales, Nick Cannon and Arika Sato

NFL Honors Cocktail Party

Christy Tiegen and John Legend

ESPN Party

Erin Heatherton

Leigh Steinberg Super Bowl Party

Josh Gad and Leigh Steinberg

Maxim Party

Alyssa Milano

DIRECTV Party

Erin Andrews

Madden Bowl party

Kevin Hart and Colin Kaepernick

Leigh Steinberg Super Bowl Party

Miss California Sande Charles

Leather and Laces Party

Miss Universe Eglee Canizales

Playboy Party

Nick Cannon

ESPN Party

Tom Arnold

Leather and Laces Party

Behati Prinsloo

Playboy Party

Jamie Foxx

Allesandra Ambrosio

ESPN Party

Brie Bella, Nikki Bella, and Summer Rae

ESPN Party

Lauren and Ryan Tannehill

The Hennessy Lounge at the W Scottsdale

Anna Lynne McCord and Rick Fox

The Hennessy Lounge at the W Scottsdale

Anna Lynne McCord

Playboy Party

Jennifer Walcott and Adam Archuleta

The Hennessy Lounge at the W Scottsdale

Jhene Aiko

Madden Bowl party

Lil Jon

Playboy Party

Lauren Anderson

Maxim Party

Anastasia Ashley

ESPN Party

Michelle Beisher and Joe Buck

Playboy Party

Gretchen Rossi

Playboy Party

Greg Biffle and Denny Hamlin

Maxim Party

J.B. Smoove and Rashad Jennings

ESPN Party

LaDainian Tomlinson and LaTorsha Oakley

Maxim Party

Jerome Bettis

The Hennessy Lounge at the W Scottsdale

Thuy-Anh J. Nguyen and Stephen A. Smith

Madden Bowl party

Antonio Brown

Madden Bowl party

A.J. Green

Madden Bowl party

Randall Cobb

Maxim Party

Alicia Quarles

The Hennessy Lounge at the W Scottsdale

Warren Sapp

Madden Bowl party

Alfred Morris