Carolina Panthers
- 2025 NFL Team Betting Analysis

The Panthers closed 2025 with an alternating ATS run over their final 10 games, finishing 5-5 while posting a 3-2 mark in the last five. That recent stretch has been dominated by unders, going just 1-4 over the final five and 3-7 over the final 10 as totals repeatedly landed below the number.

Carolina finished 10-7 ATS for the year despite an 8-9 record, covering just once in three starts as favorites while going 9-5 ATS as underdogs across 14 opportunities. They performed slightly better at home (5-3 ATS) than on the road (5-4 ATS). The totals leaned under all season at 7-10, well below the league average.

A clear pattern emerged in first-half scoring, with the Panthers leading at the break in just five of 17 games (29.4 percent). This points to slow starts that often forced them to play from behind before mounting late rallies. Home games produced more consistent ATS results, while road performances were more volatile.

The signature betting result came in Week 3 when Carolina covered by 35.5 points in a 30-0 home shutout of Atlanta as 5.5-point dogs. Multiple other covers came by narrow margins as underdogs, but the club also absorbed several double-digit ATS losses when the spread was inflated.

The clearest angle moving forward centers on the under, given the season-long 10 unders and the pronounced trend in the final 10 games. Expecting value on Carolina as underdogs in the 2026 market also appears warranted based on how they performed in that role throughout 2025.