PFF sets up strength of schedule by ELO and betting


The 2023 NFL schedule release set off a chain of events, culminating in DraftKings offering spreads for every 2023 NFL regular-season game leading up to Week 18. Last year, Westgate blessed us with spreads and totals for every regular-season game, allowing us to reverse-engineer betting market power rankings to see how bookmakers evaluated each team heading into the season. This is the best and most accurate way to power rank teams and provides us with a framework to evaluate both offensive and defensive team strength. Without totals, some of the top-defensive units are down ranked using this particular approach, with the expectation being that those teams are slightly undervalued in this type of power ranking right now. As more totals trickle and Week 1 approaches, these power rankings will become more and more accurate.