The Atlanta Falcons have largely sat out of the free agency scrum, choosing instead to take care of their own players to make cap space for quarterback Matt Ryan, possibly losing ground in the NFC South.

Vegas oddsmakers don’t seem to think so.

After starting the offseason with 20-to-1 odds as Super Bowl contenders, the team’s odds have moved to 18-to-1 as other teams have razzle-dazzled with deals to improve their predictive standings.

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Green Bay Packers wide receiver Malik Heath (center) runs against Carolina Panthers cornerback Chau Smith-Wade (left) during the second half of an NFL football game Sunday, Nov. 2, 2025, in Green Bay, Wis. (Mike Roemer/AP)

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Ceudy Gutierrez reads a book to her 2-year-old son, Matias, at their home in Buford, GA, on Tuesday, Nov. 18, 2025. Ceudy Gutierrez is struggling to make ends meet for herself and her three young kids following her husband’s ICE arrest earlier this fall. (Miguel Martinez/ AJC)

Credit: Miguel Martinez-Jimenez