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NFL Odds Breakdown: Underdogs, Rivalries, and Opening Lines

NFL Odds
Written by Andy Richardson

The opening weeks of the NFL season are filled with storylines that shape not only the league but also the betting market. Teams break in rookie quarterbacks, new head coaches look to make their mark, and rosters adjust to injuries or contract holdouts.

These factors create volatility that makes September unique for bettors. Early lines are influenced by hype, historical rivalries, and incomplete information, often producing value for those willing to dig deeper.

Understanding why underdogs perform well, how rivalries sharpen competition, and how opening lines move gives fans and bettors an early edge.

Underdog Value in the Early Season

Underdogs have long been a key part of the early NFL season betting landscape. The market is still finding its balance, which allows sharp bettors to spot mispriced lines.

Since 2013, underdogs of six and a half points or more have covered nearly seventy percent of the time in the opening week. Similar opportunities often extend into Weeks Two through Four, when public overreactions to early results inflate spreads.

This year, the Chicago Bears, with rookie quarterback Caleb Williams, exemplify this trend. Williams enters the season with enormous expectations, but oddsmakers may price the Bears cautiously against stronger defenses. Bettors who believe in his ability to keep games competitive could find value in early underdog lines.

Another example is the Tennessee Titans with rookie Cam Ward under new head coach Brian Callahan. Ward’s debut against Denver’s pass rush highlights the uncertainty surrounding rookies, but that uncertainty sometimes favors the underdog when markets overestimate the favorite.

Divisional home underdogs remain especially compelling. When the Green Bay Packers host the Detroit Lions in an early NFC North clash, history suggests the game could stay closer than projected.

The Lions carry high expectations after their playoff run, yet the Packers’ home crowd and divisional familiarity could neutralize talent differences. Examining NFL odds for these kinds of matchups reveals how early-season dynamics can tilt the playing field.

Divisional Rivalries and the Betting Edge

Rivalries are among the most reliable equalizers in the NFL. Games between longtime opponents often defy expectations because familiarity reduces the advantage of raw talent. Coaches know each other’s schemes, players enter with heightened intensity, and home-field advantage grows more powerful.

The Bengals-Browns rivalry in the AFC North is a prime example. Joe Burrow and Myles Garrett headline one of the league’s fiercest battles, and spreads in this matchup rarely reflect a large separation, even when Cincinnati is favored. Early-season meetings like this give bettors reason to look beyond simple power rankings.

The Eagles-Cowboys rivalry in the NFC East carries similar weight. The Eagles enter 2025 as heavy favorites in the division, but history shows Dallas plays Philadelphia tight regardless of roster moves. Betting lines will also factor in the Cowboys’ decision to move on from Micah Parsons, which shifts defensive dynamics.

For bettors, this rivalry’s unpredictability creates opportunities when the public leans too heavily toward one side. Fans scanning upcoming NFL games and props will see rivalries such as Lions-Packers, Bengals-Browns, and Eagles-Cowboys priced tightly, reflecting decades of history that make these games less predictable than others on the schedule.

Recognizing how rivalries amplify intensity helps bettors understand why spreads shrink and why underdogs often cover in these contests.

Opening Lines and Early-Season Volatility

Opening lines in September reflect projection more than certainty. Oddsmakers base spreads on offseason moves, preseason play, and past results, but the real picture emerges only after live snaps. That gap leads to volatility and frequent line movement.

Consider the San Francisco 49ers, who begin their season facing the Seattle Seahawks after a Super Bowl loss. History suggests teams that lose the Super Bowl struggle the following year, which could influence their early lines. Injuries and contract issues have already added question marks to San Francisco’s roster.

Oddsmakers set lines with those factors in mind, but public perception of the 49ers as an elite team could keep spreads inflated.

Another storyline involves the Houston Texans, fresh off a breakout season with quarterback C.J. Stroud. Early lines may reflect optimism about Houston’s continued rise, but bettors must ask whether the market is overreacting to last year’s success.

Similar caution applies to the Detroit Lions, who carry playoff expectations but face divisional rivals that know them well. Line movement also reacts sharply to injuries. The Ravens’ tight end Isaiah Likely, the Jets’ offensive lineman Alijah Vera-Tucker, and the Rams’ quarterback Matthew Stafford all enter September with health concerns.

News about their availability can move lines quickly, rewarding bettors who monitor reports closely. Recognizing how these variables affect opening lines helps bettors decide when to lock in numbers and when to wait.

Betting Insights That Carry Through the Season

The lessons from September do not vanish once the calendar turns to October. Understanding how underdogs thrive early, how rivalries tighten spreads, and how line movement reveals market sentiment can guide betting throughout the year.

Teams that disappoint in Week One but bounce back at home in Week Two often outperform expectations. Since 2010, home underdogs who started 0-1 have covered at a strong rate in Week Two, proving that desperation combined with home-field energy creates a potent mix.

Monitoring these spots ensures bettors stay ahead of public narratives that overvalue strong starters and undervalue struggling teams. The volatility of early lines also continues to matter later in the season.

Teams like Kansas City, Buffalo, or Philadelphia often attract heavy public money, which can inflate their spreads. Bettors who learned from early overreactions are better equipped to identify mispriced lines when those teams face tougher competition.

Rivalries that repeat later in the season carry the same intensity as September matchups, maintaining their value for underdog bettors.

A Season of Opportunity

The early NFL season is unpredictable, emotional, and filled with opportunity. Underdogs step into the spotlight when the market has not yet caught up, rivalries deliver intensity that reshapes odds, and opening lines fluctuate under the weight of incomplete information.

Teams like the Bears, Titans, Lions, and Texans bring intrigue, while established contenders such as the 49ers and Eagles enter with both pressure and question marks. Bettors who embrace this uncertainty find themselves positioned to spot value where others see only chaos.

The patterns revealed in September can inform strategies long after the first kickoff. Fans and bettors who understand these dynamics not only enjoy the season more but also gain insights that sharpen their perspective as the year unfolds.

*Content reflects information available as of 05/09/2025; subject to change.

About the author

Andy Richardson

Andy began his trading journey over 24 years ago while in graduate school, sparked by a Christmas gift of investing money and a book. From his first stock purchase to exploring advanced instruments like spread betting and CFDs, he has always sought to expand his understanding of the markets. After facing challenges with day trading and high-pressure strategies, Andy discovered that his strengths lie in swing and position trading. By focusing on longer-term market movements, he found a sustainable and disciplined approach. Through his website, Andy shares his experiences and insights, guiding others in navigating the complexities of spread betting, CFDs, and trading with a balanced mindset.

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