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NFL Week 3 betting power rankings

Harry How / Getty Images Sport / Getty

Every Tuesday throughout the regular season, theScore will release its NFL betting power rankings. Unlike regular power rankings that go by win-loss records, we will focus on how the betting market views each NFL team from week to week.

1. New England Patriots (2-0)

The Patriots won their first two games by a combined score of 76-3. New England was a 19-point road favorite last week in Miami and is laying 23 points at home Sunday versus the Jets. The clear favorites at 3-1 to win the Super Bowl, nothing short of a Tom Brady injury will move the Patriots out of the No. 1 spot.

2. Kansas City Chiefs (2-0)

Right now, oddsmakers give just one team a realistic shot at beating out the Patriots in the AFC and that's the Chiefs. Kansas City is 5-1 to win the Super Bowl and a 6.5-point favorite at home versus Baltimore this week. According to the betting market, the two best teams in the NFL reside in the AFC.

3. Los Angeles Rams (2-0)

The NFC is a bit more jumbled but, after defeating the Saints on Sunday, the Rams take the No. 3 spot in our power rankings. Los Angeles is the third favorite to win the Super Bowl at 10-1 and is a three-point favorite on the road in Cleveland on Sunday. After the first two weeks, the Rams are showing no signs of a Super Bowl hangover.

4. Dallas Cowboys (2-0)

The Cowboys opened as 20.5-point favorites over Miami this week. While that's more of a reflection on how bad the Dolphins are, the betting market is clearly buying into Dallas. The Cowboys have been favored by at least six points in all three games so far this season and are 12-1 to win the Super Bowl.

5. Philadelphia Eagles (1-1)

The Eagles lost a tough game Sunday night in Atlanta and suffered a few key injuries, but Philadelphia is still thought of highly in the betting market. The Eagles are a touchdown favorite at home over the Lions on Sunday and 12-1 to win the Super Bowl. Oddsmakers still consider Philly as one of the top teams in the NFC.

6. Green Bay Packers (2-0)

The Packers are tied with the Cowboys and Eagles at 12-1 to win the Super Bowl. Oddsmakers were high on Green Bay this summer and the Packers look even better than expected, defeating both the Bears and Vikings to start the season 2-0. Green Bay is a 7.5-point favorite over the 0-2 Broncos on Sunday.

7. Baltimore Ravens (2-0)

After two games, the Ravens are one team oddsmakers were wrong about this summer. They had a projected win total of eight and were 40-1 to win the Super Bowl before Week 1. Now Baltimore is 20-1 to hoist the Lombardi Trophy. While the betting market is starting to buy the Ravens, it isn't all-in yet. Baltimore is a 6.5-point underdog in Kansas City this week, proving that oddsmakers view the Ravens as the third-best team in the AFC heading into Week 3.

8. New Orleans Saints (1-1)

The Saints were No. 3 last week and are currently the most interesting team in the betting market following Drew Brees' injury. Because Brees is expected back in early November, oddsmakers didn't overreact to the Saints' futures odds. New Orleans moved from 12-1 to 20-1 to win the Super Bowl and is just a 4.5-point underdog in Seattle on Sunday. The betting market thinks the Saints are still a talented team, even without Brees under center.

9. Los Angeles Chargers (1-1)

The Chargers are tough to figure out and are losing steam in the betting market after needing overtime to beat the Colts in Week 1 and losing to the Lions on Sunday. Los Angeles opened 12-1 to win the Super Bowl. Now the team has longer odds than the Ravens at 25-1. The Chargers are just a three-point favorite at home over the Texans. This is a club to watch, as oddsmakers are already souring on L.A.

10. Seattle Seahawks (2-0)

The Seahawks were in a bad spot last week traveling to Pittsburgh with the Steelers coming off a loss. However, Seattle outplayed their opponent even before Ben Roethlisberger got hurt and improved to 2-0. The Seahawks are now 20-1 to win the Super Bowl after opening 30-1. They get the short-handed Saints at home Sunday, where Pete Carroll and Co. will likely be a popular public play.

11. Cleveland Browns (1-1)

The Browns hammered an injury-riddled Jets team Monday night and are still a respectable 25-1 to win the Super Bowl. Cleveland was overvalued all offseason and that still remains the case. However, the Browns have a big showdown Sunday at home against the Rams where they're a three-point underdog. We'll know a lot more about Cleveland this time next week.

12. Minnesota Vikings (1-1)

The Vikings got down early in Green Bay but had a chance to pull off the road upset until Kirk Cousins threw one of the worst interceptions you'll ever see. The betting market liked Minnesota last week and isn't overly concerned with Sunday's loss. The Vikes are still a respectable 20-1 to win the Super Bowl and a sizeable 7.5-point favorite over the Raiders this week.

13. San Francisco 49ers (2-0)

The 49ers are 2-0 after demolishing the Bengals 41-17 on Sunday. Their odds to win the Super Bowl are now down to 20-1 from the opening number of 40-1. San Fran is similar to the Ravens; both were considered as middle-of-the-road teams before the season and are gaining support after a fast start. The 49ers are seven-point favorites over the Steelers on Sunday, although that line was close to pick 'em before Roethlisberger suffered a season-ending injury.

14. Atlanta Falcons (1-1)

After laying an egg in their opener, the Falcons rebounded at home Sunday night to defeat the Eagles. The betting market is taking a wait-and-see approach with Atlanta. The Falcons haven't moved off the opening odds of 30-1 to win the Super Bowl and are a 2.5-point underdog on the road to the Colts this week. Win that game, and Atlanta will start getting more love from oddsmakers in a suddenly wide-open NFC South.

15. Chicago Bears (1-1)

Oddsmakers were lukewarm on the Bears entering the season and nothing has changed after two unimpressive games. The Bears are 25-1 to win the Super Bowl and after being just a two-point favorite in Denver, Chicago is -4 over the lowly Redskins on Monday night. To put it in perspective, the Cowboys were six-point favorites on the road over Washington last week.

16. Houston Texans (1-1)

One of the most interesting lines of Week 3 is the Texans being just a 3.5-point underdog on the road to the Chargers. That means oddsmakers view these two teams pretty close to even on a neutral field. Houston is still 30-1 to win the Super Bowl, by far the lowest odds of any team in the AFC South. The public will be all over the Chargers this week but don't be surprised if sharps hit the Texans as a short road dog.

17. Indianapolis Colts (1-1)

The betting market hasn't really settled on the Colts since Andrew Luck retired. Indianapolis opened 20-1 to win the Super Bowl, shortened to 12-1, then got repriced at 80-1 following Luck's announcement. The Colts were underdogs in their first two games post-Luck, but are favorites at home this Sunday versus the Falcons. There's actually some value with Indy right now. That won't last much longer though if the Colts win a couple more games.

18. Buffalo Bills (2-0)

The Bills are 2-0 and the betting market is starting to take notice. Buffalo has moved from 100-1 to 50-1 to win the Super Bowl and is a six-point favorite at home over the Bengals on Sunday. It's the second week in a row the Bills have been favored. While oddsmakers are starting to respect them more, it's hard to get too excited about any team that plays in the same division as the Patriots. Wild card or bust for Buffalo.

19. Tennessee Titans (1-1)

Tennessee lost at home to the Colts as a 3.5-point favorite after upsetting the Browns on the road in Week 1. It doesn't really matter what the Titans do because the betting market doesn't like them. They opened 60-1 to win the Super Bowl and are now 100-1. Tennessee is a slight 1.5-point road favorite over the Jaguars on Thursday night in a game that will be a sure-fire cure for insomnia.

20. Detroit Lions (1-0-1)

The Lions are the weirdest team in the NFL. Last season, they finished 6-10, yet defeated the Patriots, Packers, and Panthers at home. It looks like Detroit is up to its old tricks again this year. After blowing a 17-6 fourth-quarter lead and settling for a tie against Arizona in their opener, the Lions rebounded and defeated the Chargers at home Sunday. Detroit is still 80-1 to win the Super Bowl and a touchdown underdog on the road to the Eagles this week, so the betting market still isn't in love with the Lions.

21. Tampa Bay Buccaneers (1-1)

The Buccaneers dominated the Panthers as a six-point dog Thursday night and their defense has played better than expected in two games this season. Tampa Bay is still a distant 100-1 to win the Super Bowl but six-point favorites over the dumpster fire known as the Giants on Sunday. The Bucs are a team that could start moving up this list over the next month.

22. Carolina Panthers (0-2)

You have to give oddsmakers credit: They were down on the Panthers all summer, and it looks like they were right. Carolina's stumbled to an 0-2 start and Cam Newton aggravated a foot injury he suffered in the preseason. The Panthers have gone from 40-1 to 100-1 to win the Super Bowl. They're a 2.5-point road favorite over Arizona this week, although that line will change if Newton is unable to play.

23. Pittsburgh Steelers (0-2)

The Steelers are the obvious big fallers this week after losing Big Ben for the season. Unlike the Saints, who also lost their star quarterback for an extended period of time, Pittsburgh saw its Super Bowl odds free fall from an opening number of 14-1 to as high as 200-1 at some sportsbooks Monday. The Steelers are a seven-point underdog Sunday in San Fran with Mason Rudolph under center but don't tell them they aren't playoff contenders. The team just sent a first-round draft pick to Miami for cornerback Minkah Fitzpatrick. There's some value with the Steelers this week. The line for the game was close to a pick 'em before the Big Ben injury.

24. Jacksonville Jaguars (0-2)

The Jaguars almost upset Houston at home but a failed two-point conversion left Jacksonville 0-2. Despite the legend that is Gardner Minshew, star corner Jalen Ramsey is on the trading block and the betting market doesn't think much of the Jags' chances the rest of the season.

25. Oakland Raiders (1-1)

Some people were buying into the Raiders after their Week 1 win over Denver, but the betting market wasn't fooled. Oddsmakers have never been high on the Raiders, who were sent crashing back down to earth last week by the Chiefs. Oakland is now 300-1 to win the Super Bowl and over a seven-point dog in Minnesota this week.

26. Denver Broncos (0-2)

The Broncos almost upset the Bears at home last week but an atrocious roughing the passer call on Bradley Chubb did them in. Denver is looking at 0-3 with a trip to Green Bay on deck. Like their AFC rivals in Oakland, the Broncos are 300-1 to win the Super Bowl.

27. New York Jets (0-2)

The Jets are a mess right now. Down to third-string quarterback Luke Falk, they got blown out by the Browns and now face the Patriots as 23-point underdogs. New York is 500-1 to win the Super Bowl. It's another long season for Jets fans.

28. Washington Redskins (0-2)

The betting market predicted the Redskins to be one of the three worst teams in the NFL and so far, Washington hasn't disappointed. The Redskins are underdogs at home for the second week in a row and 1,000-1 to win the Super Bowl.

29. Arizona Cardinals (0-2)

The Cardinals aren't a good football team but they have played hard the first two weeks, going 2-0 against the spread (ATS). Slowly but surely, Arizona is getting more respect from oddsmakers, as the Cardinals are just a 2.5-point underdog to Carolina this week. Out of the teams at the bottom of the rankings, Arizona is the one most likely to move up throughout the year.

30. New York Giants (0-2)

The bad news for the Giants is they're 0-2 and just got beat easily at home by the Bills. The good news is Daniel Jones has been named the starting quarterback, so there's finally hope for the future. The betting market doesn't care about Jones though. New York is still 1,000-1 to win the Super Bowl.

31. Cincinnati Bengals (0-2)

The Bengals surprised many by almost upsetting the Seahawks on the road in Week 1. Then they went back to being the Bengals, getting blown out at home by the 49ers. Cincinnati is a six-point dog in Buffalo on Sunday and 1,000-1 to win the Super Bowl.

32. Miami Dolphins (0-2)

The Dolphins have been outscored 102-10 in two games. They were 19-point home underdogs last week and are 20-point dogs in Dallas on Sunday. Miami is 200,000-1 to win the Super Bowl. The only question remaining for the Dolphins is if they'll win a game this year. The silver lining? They play the Jets twice.

Thomas Casale is theScore's Supervising Editor of Sports Betting. He's been following the sports betting industry for almost 30 years. A devoted fan of the wishbone offense, Thomas bets on all sports but specializes in college football, NFL and college basketball. Find him on Twitter @TheTomCasale.

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