Sports betting is as much a game of timing as it is predicting outcomes. Believing an outcome will happen strongly doesn’t matter if the odds don’t justify the bet. Following the New York Jets‘ trade for Aaron Rodgers, their futures odds shifted once again.
Trade for Aaron Rodgers Shifts New York Jets’ Odds Once Again
After the Chiefs won the Super Bowl, sportsbooks wasted no time in releasing lines for next year’s Super Bowl winner. Per BetMGM’s John Ewing, The Jets opened at +2500 to win it all.
Rumors of Rodgers going to the Jets surfaced rather quickly. As a result, sportsbooks needed to stay ahead of things to prevent too many bettors from getting a really good line. By March 8, the Jets’ Super Bowl odds were already down to +1600.
On Monday, April 24, Adam Schefter reported the Jets and Packers had finally agreed to terms on a Rodgers deal. Shortly afterward, BetMGM adjusted their lines once again, with the Jets down to +1400.
According to PointsBet Sportsbook, the Jets, who haven’t so much as made the playoffs since 2010, “currently have the most money on them to win the Super Bowl.” There’s no denying the Aaron Rodgers effect.
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DraftKings currently has the Jets at -150 to make the playoffs. While that is far from a lock, it’s a substantial improvement from their +700 odds at this point last year.
Much of the confidence surrounding the Jets can be tethered to their fans’ excitement over securing Rodgers. It’s been a long time since the Jets were a threat to compete for a championship.
With young studs like Garrett Wilson and a hopefully healthy Breece Hall, the only thing the Jets were missing was a quarterback. Rodgers solves that problem and has Jets fans the most excited they’ve been since making back-to-back AFC Championship Games in the 2009 and 2010 seasons.
It wouldn’t be surprising at all for bets to continue to flow in on the Jets and for their odds to continue to shrink.
The Jets are the Second Favorite To Win the AFC East
On BetMGM, the Bills are currently the favorite to win the division at +130.
But the Jets overtook the Dolphins following Rodgers’ March announcement as the second favorite. They currently sit at +225 to take the AFC East crown.
As the Jets’ Odds Got Shorter, the Packers’ Odds Got Longer
The Packers opened at +2500 to win the Super Bowl. After Rodgers announced his intent to play for the Jets on the Pat McAfee Show, the Packers’ odds quickly shifted to +5000 on BetMGM.
News of the official trade did not cause BetMGM to adjust the line any further. Evidently, for them, it was already a foregone conclusion.
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Additionally, it’s not as if there’s a way to measure the lack of bets. When the Jets acquire Rodgers and receive more bets on them, that is easily quantifiable.
The Packers already weren’t being heavily bet on to win the Super Bowl. That simply didn’t change after they officially parted ways with Rodgers. It remains to be seen whether new starter Jordan Love can lead the Packers back to the postseason after they missed out by losing the final game of the regular season in 2022.