Pittsburgh Steelers at Indianapolis Colts: 2022 Week 12 NFL Pick

Pittsburgh Steelers (3-7) at Indianapolis Colts (4-6-1)

A week ago on the early line, the Steelers were 3-point underdogs, but this line has since shifted to 2.5, a pretty significant shift, given that about 1 in 6 games are decided by exactly a field goal. Normally I like to go against significant week-to-week line movements like that because they tend to be an overreaction to a single week of play, but, in this case, I’m disappointed that we’ve lost line value with the Steelers, who would have been a good bet at +3.

The Steelers are just 3-7, but they’ve arguably faced the toughest schedule in the league, with eight of their ten games being against teams that are currently .500 or better, with the exceptions being the Browns and Saints, who are both better than their records would indicate. The Steelers’ -74 point differential is worst in the league and even worse than their record would suggest, but in terms of schedule adjusted efficiency, which takes into account their level of competition, the Steelers rank 18th, despite the fact that for most of the season they have been without their top defensive player TJ Watt, who has since returned.

It’s very possible that this matchup in Indianapolis against the Colts will be the Steelers’ easiest game of the season thus far. The Colts rank 24th and three points below average in terms of schedule adjusted efficiency (significantly worse than both the Browns and the Saints) and they are unlikely to be any better than that going forward, missing a pair of key defenders, Kwity Pawe and Shaq Leonard, for an indefinite period of time. 

Despite that, this line suggests these two teams are about even, so we’re getting good line value with the Steelers, who I have calculated as 1-point favorites. I think I would need this line to go back up to three for the Steelers to be worth betting against the spread, but I might change my mind on that, the money line is a good value at +120 because the Steelers should be considered no worse than 50/50 to win this game, and the Steelers should be the right side for pick ‘em purposes either way.

Pittsburgh Steelers 19 Indianapolis Colts 17 Upset Pick +120

Pick against the spread: Pittsburgh +2.5

Confidence: Low

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