Written before the game and kept as published. Final: Jacksonville Jaguars 13, Denver Broncos 20 — the graded call is above.
The better team here is the visitor, and it still is not favored. The Jaguars rate +2.8 (5th of 32) against +1.8 for the Broncos (9th) — but 2.5 points of home field is larger than the 1.0-point gap between them, so the model lands at 52% for the Broncos anyway. That is the whole story of this line: venue, not talent. It rates as the 3rd-closest of the 16 games in Week 2, and a game this tight is decided by the price, not the model.
Season-long, the model can barely split them: 10.9 projected wins for the Broncos against 10.5 for the Jaguars, favored in 13 and 12 of their 17 respectively. Two teams heading for the same neighborhood in the standings tend to produce exactly this kind of line. This game sits 8th-hardest on the Broncos' schedule and 3rd-hardest on the Jaguars'.
The sharpest unit gap in the game runs one way: the Jaguars offense grades +2.2 (8th of 32) against a Broncos defense at +1.2 (5th) — 1.0 points of separation on our scale, and the single biggest reason the line sits where it does. Going the other direction, the Broncos offense (+0.4, 17th) meets the Jaguars defense (-0.2, 11th), a 0.6-point gap. Special teams adds to it: the Jaguars grade +0.8, 2nd in the league, against +0.3 (21st) on the other side — close to a point of hidden margin.
Recent history, for context only: 11 regular-season meetings since 2002, 6-5 in the Jaguars' favour, plus 2 playoff games. They last met in 2025: Jaguars won 34-20 in December. Over their last 4 meetings the Broncos are 2-2. It is not an input to the line — rosters turn over faster than series records do.
Conditions are unlikely to be the story: across 9 Denver home games in September since 2015, the median temperature was 84°F and the median wind 5 mph. That is a neutral-weather profile, which is worth knowing mostly because it removes an excuse from both sides.
Calibration check, because a near-even number is the easiest kind to overtrust: across 3266 walk-forward games (2013-2024) the model gave a side 50-55% in 870 of them, and those sides won 52%. The Broncos at 52% are in that band. A margin that thin is why we would rather wait for a price than call it a lean.
Kalshi listed this game as KXNFLGAME-26SEP20JACDEN, and the contract has settled now that the game has been played. The last price we archived before kickoff is in the settled-market section on this page; there is no live price and no position left to take.
Prediction markets are not sportsbooks — you trade a contract that settles at $1 or $0, not a wager against a house line. Informational only; trade responsibly.