Jaguars vs. Ravens odds: Kalshi traders price Jacksonville at 79% as rookie Fagnano starts for Baltimore

Kalshi traders have the Jacksonville Jaguars at 79% to win and the Baltimore Ravens at 21% in a Week 9 Thursday night game that pairs a division leader with a team in the middle of a quarterback crisis.

Jacksonville (5-2) leads the AFC South by three games after a 42-7 rout of Indianapolis, while Baltimore (4-4) has lost three straight and lost Lamar Jackson to a right thumb injury on the first snap at Buffalo. Joe Fagnano, an undrafted rookie out of UConn, will start while the Ravens reportedly finalize a trade for Jacoby Brissett, and Kalshi's Power Rankings place the Jaguars 20 spots ahead of the Ravens.

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The Jaguars and Ravens kick off Thursday, Nov. 5, at 8:15 p.m. ET at M&T Bank Stadium in Baltimore, Md.

Jacksonville Jaguars: Jacksonville is 5-2 under head coach Liam Coen and is coming off the 42-7 win over Indianapolis on Nov. 1, in which Trevor Lawrence went 10 of 14 for 210 yards and three touchdowns before leaving early in the fourth quarter. Lawrence is the starting quarterback. As of this writing, running back Bhayshul Tuten (ankle, foot) and defensive end Travon Walker (ribs) are questionable, with Coen saying Tuten's status is likely to go to game time, while receiver Jakobi Meyers and guard Ezra Cleveland are on the report without a game designation. Nose tackle DaVon Hamilton and safety Eric Murray were placed on injured reserve this week after season-ending injuries against the Colts. The gap at quarterback is what drives the 79% price.

Baltimore Ravens: Baltimore is 4-4 under head coach Jesse Minter and is coming off a 36-10 loss at Buffalo on Nov. 1, its third straight defeat. Fagnano will start at quarterback, with Jackson (right thumb) headed for injured reserve after surgery and Tyler Huntley (toe) reportedly out for the season. As of this writing, cornerback Nate Wiggins is questionable with an illness, safety Jaylinn Hawkins (knee) is set to miss a third straight game, and kicker Tyler Loop (groin) is on injured reserve, with Jake Moody set to kick. The quarterback situation is what holds the Ravens at 21%.

Jacksonville enters as the No. 3 team in the league with a Power Score of 89.8 and a 93% playoff qualification price, while Baltimore ranks 23rd with a Power Score of 26.6 and a 20% playoff price, a 20-spot gap heading into the AFC matchup. View the full 2026 NFL market-implied power rankings.

Kalshi traders have the Jaguars at 79% to win and the Ravens at 21%.

As of this writing, Kalshi traders have the Jaguars winning by more than 9.5 points at 49%.

As of this writing, Kalshi traders have the game finishing over 39.5 total points at 52%.

The biggest storyline is Baltimore's quarterback room. Jackson hurt his right thumb on the first snap against Buffalo and needs surgery in what ESPN called a potentially season-ending injury, and Huntley's turf toe injury will reportedly end his season. That leaves Fagnano, a 25-year-old who beat out fellow undrafted rookie Diego Pavia for a roster spot, as the starter. Minter announced Tuesday that Fagnano will be under center, and he was a full participant in practice despite a right ankle injury from the Bills game. In relief at Buffalo he went 10 of 21 for 91 yards with an interception and a lost fumble. ESPN reports the Ravens are finalizing a trade with Arizona for Brissett, who should have enough time to be ready for the Nov. 16 game against the Chargers.

Jacksonville Jaguars: Jacksonville is 5-2 with wins over Cleveland, New England, Cincinnati, Philadelphia and Indianapolis, and Kalshi traders have the Jaguars at 93% to make the playoffs. After Baltimore they visit Tennessee on Nov. 15, visit the New York Giants on Nov. 22 and host Tennessee on Nov. 29.

Baltimore Ravens: Baltimore is 4-4 with wins over Indianapolis, Dallas, Tennessee and Atlanta, and Kalshi traders have the Ravens at 20% to make the playoffs. After Jacksonville they host the Los Angeles Chargers on Monday, Nov. 16, visit Carolina on Nov. 22 and visit Houston on Nov. 29 before a Week 13 bye.

Kalshi traders have Jacksonville as a heavy favorite at 79%, with the Ravens turning to an injured rookie at quarterback and the Jaguars ranked 20 spots higher in Kalshi's Power Rankings. The swing factor is whether Fagnano's ankle holds up and whether Baltimore can avoid the turnovers that marked his Week 8 outing. Kalshi's prices for Jaguars vs. Ravens will keep moving as the week goes.

What are the score predictions for Jaguars vs. Ravens in Week 9? As of this writing, Kalshi traders have the game finishing over 39.5 total points at 52%.

What is the spread for Jaguars vs. Ravens in Week 9? As of this writing, Kalshi traders have the Jaguars winning by more than 9.5 points at 49%.

Who is favored to win, Jaguars or Ravens? As of this writing, Kalshi traders have the Jaguars at 79% to win and the Ravens at 21%.

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