They are 40/1 odds to win the SB as of right now.
Tied with Denver and LAC.
AFC teams ahead of them are NE, PITTS, HOU, JAX, KC, OAK.
So they are projected to be the 7th-9th best team in the AFC pretty much.
I would consider that a dark horse personally. And I'm assuming the odds makers are predicting a healthy Luck because if they weren't, the odds would be closer to 100-1