The Baltimore Ravens entered the 2025 NFL season as the betting favorites to win the AFC North division title. And despite their slow start and the injuries mounting to some of their most important players, they are still atop the odds board heading into Week 5.
NFL Odds: Ravens Still Favorites To Win AFC North
On September 1st, a week before the regular season began, the Ravens were listed at -160. That figure carries implied odds of 61.5%, with no other team in the division higher than 28%, something that held true even as Baltimore lost a tough Week 1 contest against the Buffalo Bills.
Lamar Jackson (hamstring) unlikely to play Week 5; could miss 2-3 weeks, per @brianwacker1. pic.twitter.com/KK7jc9Ee9r
— Underdog NFL (@UnderdogNFL) September 30, 2025
After they picked up their first (and only) win of the year in Week 2, the Ravens’ division odds dropped all the way to -380, implied odds of nearly 80%. But as we head into Week 5, Baltimore is coming off of two straight tough losses, and are dealing with a growing list of injuries to key players on both sides of the ball.
But given the season’s overall outlook appearing bleak in comparison to the expectations that they entered with, the Ravens are still the betting favorites to win the division at -145. In second place on the odds board is the Pittsburgh Steelers, who are back at +170 despite already being two games up on Baltimore.
| Baltimore Ravens | -145 |
| Pittsburgh Steelers | +180 |
| Cleveland Browns | +1600 |
| Cincinnati Bengals | +1600 |
The Bengals are 2-2 and will enter October ahead of the Ravens in the standings, but have odds that are on par with the Browns. Both Cincinnati and Cleveland are extreme long shots at +1600, implied odds of under 6%.
The Ravens are still getting respect in the Super Bowl odds, as well. They’ve dropped down from their spot just behind the Buffalo Bills for best NFL championship chances, but are still in the top six. Baltimore’s designation of +1200 is behind the Chiefs at +900, who are behind the Lions and Packers tied at +850. The Eagles are at +700, while the Bills are now heavy favorites at +380.
