Cam Newton is taking his talents to the New England Patriots. The Former MVP quarterback is linking up with Bill Belichick on an “incentive-laden” deal per ESPN. The addition of Newton is changing NFL betting odds dramatically.
Cam Newton shaking up the 🔝 of the AFC East odds board 📈📉
— Jared Smith (@jaredleesmith) June 29, 2020
Prior to this groundbreaking news, most experts had Jarrett Stidham pegged as New England’s likely starting quarterback. On FanDuel Sportsbook, the Patriots went from +2300 to win the Super Bowl to +1700. Additionally, the Pats were even with the Bills at +120 to win the AFC East in late April, but now New England is listed at +105 while the Bills have dropped to +160.
Bettors who jumped on the Patriots a couple of months ago were smart to get in early. Now, with Newton in tow, betting on the Pats to win the Super Bowl or the AFC East won’t be as lucrative.
Everyone knew the Patriots weren’t going away in 2020. With Stidham as the projected starter, New England looked particularly vulnerable, but they weren’t going to go away completely. The Belichick-led defense is one of the best in the NFL and the type that can steal a few wins while covering for an inexperienced quarterback. That’s why they never really fell below Buffalo when it came to betting odds.
Cam Newton is a New England Patriot.
Here is where the current markets stand: pic.twitter.com/x7ybTS9xWi
— DraftKings Sportsbook (@DKSportsbook) June 29, 2020
Adding Newton to the mix gives the offense much more credibility after losing Tom Brady to the Tampa Bay Buccaneers in free agency. If Newton is back to full-strength and can avoid injuries, there’s a possibility that he’s an upgrade over Brady. It’s tough to say that with any certainty give Newton’s recent injury struggles, but it’s certainly possible.
Newton was one of the marquee names left on the free-agent market and it’s clear that this signing is drastically altering the betting market. There’s sure to be more movement as the regular season approaches, but this was an unexpected shift.