Vegas isn’t treating Cleveland’s trip to Denver like a mismatch. In fact, the market is pricing this game close to a pick’em—far from the “double-digit spread” people assume when they hear “Mile High” and “defending champs.” On ESPN’s odds board, the spread is tight and the total is sky-high, a loud signal that this matchup is being shaped by context, not reputation. 

So if it’s not “David vs. Goliath,” what is it?

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