Four spreads of note:

Giants +3 @ Cowboys, 8:30PM ET, Sunday
This game is the ultimate crapshoot; it could play out in a variety of different ways, none of which would be surprising. But if you’re looking for value, I almost always go with the underdog when it comes to betting on NFC East teams. When NFC East teams are expected to win against an inferior opponent, for whatever reason they seem to underachieve. Examples of this include the Cowboys’ loss to the Cardinals last week, or their failed cover against the Dolphins and Redskins, respectively, in previous games. The Giants also lost to the Seahawks at home, failed to cover against the Dolphins at home, and lost the Eagles as a 6-point favorite in Week 11. On the flip side, the Giants covered and won against the Eagles (Week 2), Patriots (Week 9) and Packers (Week 13) as underdogs of seven points or more. Granted, New York was also crushed by New Orleans in Week 12 but my point is this: NFC East teams often represent value when they’re the underdog and are good fade material when they’re supposed to win. I don’t have hard data here so take this simple approach with a grain of salt. But again, from a pure value standpoint it sure seems like NFC East teams rise to the challenge when they’re the dog.

Raiders +11 @ Packers, 4:15PM ET
As I’ve written many times on this site: It’s Green Bay and then everyone else. And with how poorly Oakland played last Sunday in Miami, there will be plenty of bettors that look at the spread in this game and lay the 11 points without hesitation. But let’s keep in mind that the Raiders’ backs are against the wall here. They’re now tied with Denver for first place in the AFC West and while they play undefeated Green Bay this Sunday, the Broncos have a very winnable home game against a Jay Cutler and Matt Forte-less Chicago team. Thus, we’re probably going to see Oakland’s best effort. With the amount of injuries that the Raiders accumulated in the past month, it was only a matter of time before they suffered a letdown like they did last weekend against the Dolphins. Thus, I’m thinking they bounce back strong this Sunday and at the very least stay within 10 points of the Pack.

49ers -3.5 @ Cardinals, 4:05PM ET
This is a game you look at and you say, “49ers are only -3.5? Sign me up.” But Arizona proved last Sunday in its win over Dallas that it hasn’t given up on the season despite the fact that the playoffs remain a longshot. The Rams, on the other hand, gave up weeks ago and bettors will probably rush to the window to lay coin on a Niners team that routed St. Louis by 26 points last week. What I’m saying is that this is your classic trap game. Oddsmakers claim that they don’t lay traps for bettors but why is this game only 3.5? San Fran is 10-2 this season while Arizona is 5-7. Even with home field advantage factored in, the line still seems too low. I’m not suggested that the Cards will win outright but something tells me oddsmakers are banking on this being a field goal game either way.

Falcons -3 @ Panthers, 1:00PM ET
I wrote this in my recap of Week 13 and I’ll mention it again seeing as how it relates to this article: I don’t think there’s that wide of a gap between the Falcons and Panthers right now. On paper, Atlanta has better overall talent. But on paper, Atlanta had better overall talent than Houston and it lost 17-10 despite the fact that Andre Johnson suffered another hamstring injury in the second half and T.J. Yates started for the Texans at quarterback. The Falcons will once again be without top cornerback Brent Grimes and nickel back Kelvin Hayden, which means Dominique Franks and Chris Owens will receive plenty of looks this Sunday from Cam Newton. Given the inexperience of Franks and Owens, they become a weakness that Newton may exploit. There’s always value in a home dog and given the injuries the Falcons are currently dealing with on both sides of the ball, I’d give Carolina a long look this Sunday.

2011 NFL Week 14 Odds:

Thursday, December 8
Browns +14 (38.5)
Steelers -14

Sunday, December 11
Colts +16 (40.5)
Ravens -16
Texans +3 (37.5)
Bengals -3
Raiders +10.5 (52.5)
Packers -10.5
Chiefs +9 (36.5)
Jets -9
Vikings +7.5 (48)
Lions -7.5
Saints -3.5 (48.5)
Titans +3.5
Eagles +3 (44)
Dolphins -3
Patriots -8 (47.5)
Redskins +8
Falcons -3 (48)
Panthers +3
Bucs +2 (38)
Jaguars -2
49ers -3.5 (39.5)
Cardinals +3.5
Bears +3.5 (35.5)
Broncos -3.5
Bills +7 (47.5)
Chargers -7
Giants +3 (49)
Cowboys -3

Monday, December 12
Rams +6.5 (38)
Seahawks -6.5