Carolina Panthers As Underdog Betting Trend
ATS Record, ROI Analysis & Historical Performance Data (2014-2024)
The public often underestimates the Carolina Panthers in this spot. Since 2014, when playing as as underdog, the Carolina Panthers hold a record of 28-11-0 against the spread. That's a 0.0% win rate and a +37.1% return on investment—meaning a bettor wagering $100 per game would be up $14 over this period.
Year-by-Year Performance
| Season | Record | Win % | ROI |
|---|---|---|---|
| 2014 | 0-1-0 | 0.0% | -100.0% |
| 2015 | 3-0-0 | 0.0% | +90.9% |
| 2016 | 2-1-0 | 0.0% | +27.3% |
| 2017 | 1-0-0 | 0.0% | +90.9% |
| 2018 | 3-3-0 | 0.0% | -4.5% |
| 2019 | 1-0-0 | 0.0% | +90.9% |
| 2020 | 5-1-0 | 0.0% | +59.1% |
| 2021 | 2-1-0 | 0.0% | +27.3% |
| 2022 | 7-1-0 | 0.0% | +67.0% |
| 2023 | 1-0-0 | 0.0% | +90.9% |
| 2024 | 3-3-0 | 0.0% | -4.5% |
Why This Trend Exists
The Panthers' exceptional performance as underdogs stems from their organizational culture of embracing the "disrespected" narrative that has defined much of their franchise history. Carolina thrives when external expectations are low because it allows their defensive-minded identity to flourish without the pressure of being favored. The team's defensive schemes under various coordinators have consistently been built to keep games close and create short fields for their offense, making them particularly dangerous when bookmakers underestimate their ability to stay competitive. Carolina's underdog success also reflects their tendency to play up or down to competition levels. When favored, the Panthers often struggle with consistency and execution, but as underdogs they display the kind of focused, mistake-free football that keeps them within striking distance. Their special teams units have historically been solid contributors in tight games, and their coaching staff has shown a knack for game-planning effectively when they have extra time to prepare as road underdogs. The key insight for bettors is that Carolina's underdog value increases significantly in divisional games and prime-time spots where motivation peaks. This trend matters most when the Panthers are catching more than a field goal at home or getting points against teams coming off emotional victories.
Frequently Asked Questions
What is the Carolina Panthers's ATS record as as underdog?
The Carolina Panthers have an outstanding 28-11-0 ATS record as underdogs from 2014-2024. This represents a 71.8% ATS win rate, meaning they've covered the spread in nearly 3 out of every 4 games when not favored.
Is betting on the Carolina Panthers as as underdog profitable?
Yes, betting on the Carolina Panthers as underdogs has been highly profitable with a 37.1% ROI over this period. This means for every $100 wagered, bettors would have gained approximately $37 in profit.
How does this compare to the league average?
This performance is significantly above the league average, as most teams cover around 50% ATS and achieve close to 0% ROI over time. The Panthers' 71.8% ATS rate and 37.1% ROI as underdogs represents exceptional value for bettors.
BACK This Trend
This trend shows a historically profitable pattern. Compare odds across sportsbooks to find the best line.
Compare Sportsbook OddsMethodology
All trends in The Archives are calculated from official game results and closing point spreads from 2014 to 2024. ROI assumes a flat $100 bet at standard -110 juice. Win rate is calculated as wins divided by total decisions (pushes excluded). A minimum of 10 games is required for a trend to be published. Data is sourced from The Odds API and verified against official league records.