Michael Penix Jr. News Causes Surprising Shift in Giants vs. Falcons Odds

The Falcons odds to beat the Giants dropped when it was announced Michael Penix Jr. would start for them in Week 16.
The Falcons odds to beat the Giants dropped when it was announced Michael Penix Jr. would start for them in Week 16. / Jeffrey Becker-Imagn Images

After yet another disappointing Kirk Cousins performance on Monday Night Football, there were whispers that the Atlanta Falcons would turn to their rookie quarterback, Michael Penix Jr., to become their starting quarterback for the remainder of the season.

Then, at approximately 8:30 pm ET on Tuesday, it was announced that the No. 8 overall pick in the 2024 NFL Draft would be the new starting quarterback for the Falcons.

Falcons fans across the internet rejoiced, fed up with what they've seen from Cousins, hopeful the rookie can lead them to one final playoff push this season.

While Falcons fans responded positively, the betting market had the opposite reaction. Surprisingly, the odds moved against Atlanta for their Week 16 game against the Giants. Let's take a look.

Giants vs. Falcons Odds Before and After Michael Penix Jr. Announcement

Odds via FanDuel Sportsbook

Before Penix News:

  • Giants +10 (-110)
  • Falcons -10 (-110)

After Penix News:

  • Giants +8.5 (-110)
  • Falcons -8.5 (-110)

The Falcons were 10-point favorites earlier in the day on FanDuel. After the announcement was made that the rookie will be making his first career start, the betting market jumped on the Giants, moving the line down to Falcons -8.5, a movement of 1.5 points. The total dropped half a point from 41.0 to 40.5.

While Penix may be the smart move long-term for the Falcons, laying this many points on a rookie in his first career start does seem like a risky proposal.

The Falcons' odds to make the playoffs with the rookie at quarterback are set at +220 at DraftKings, an implied probability of 31.25%.


Odds refresh periodically and are subject to change.

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Iain MacMillan
IAIN MACMILLAN

Originally from Nova Scotia, Iain MacMillan is a senior editor covering betting, with a focus on NFL, NHL, and golf. He hosts the Bacon Bets Podcast and has been featured on VSIN, BetQL and Monumental Sports Network. He is a member of the Metropolitan Golf Writers Association and his beloved Falcons and Maple Leafs break his heart on a yearly basis.