For most of Sunday night, I spent the evening cackling at my screen. How could you not?
Lamar Jackson danced around the screen, firing lasers to a wide-open-again Zay Flowers and turning 30-yard sacks into 19-yard scampers.
When he got tired, Baltimore handed it off to Derrick Henry, who trucked a few defenders and burst down the sidelines for another long run. Somewhere in between, we remembered DeAndre Hopkins was on this team when he snagged a one-handed score.
Flowers had a career-high 143 yards. Henry had 169 yards and two scores. Jackson had a 98th percentile 0.69 EPA per play on over 11 YPA. The Ravens posted a 0.39 EPA per play on the night, 98th percentile and over 50% ahead of the Bills, while averaging 8.6 yards per play.
And then, like it has so many times before, it all came crashing down. Henry fumbled, the secondary couldn't stop a nosebleed, the offense disappeared late and the Ravens choked, losing by a score of 41-40.
The Ravens had around a 99% probability of winning with under five minutes left; now they're 0-1. It's the eighth loss since 2021 for Baltimore when it hit a win probability of at least 90%, five more than any other team.
Baltimore just keeps blowing these games somehow. And at some point, that has to be a pattern… right?
It is a pattern — but maybe not the one you think.
The pattern is that Baltimore keeps blowing quality and even great opponents out of the water and getting to 90 and even 99% win probability. That means more chances to blow an occasional lead late, so that part is happening too because hey, the ball is oblong and football is hard.
But what Sunday night told us most meaningfully with 21 weeks of football to go is that Baltimore is the best team in football — by far.
The Bills are No. 2 in my power ratings matrix, a loaded roster led by the reigning MVP, and the Ravens treated them like a plaything for 55 minutes. Baltimore looked like it could score anytime it wanted. The Ravens were embarrassing the Bills, in their own home.
I have the Ravens almost four full points to the spread ahead of the Bills — as far ahead of Buffalo as the Bills are ahead of the Steelers and Seahawks. It's Baltimore and everyone else.
That doesn't mean the Ravens are perfect. The defense allowed seven trips to the red zone, and the veteran secondary disappointed.
Baltimore consistently gets overly conservative calling plays, especially holding a late lead. The Ravens had a 48% neutral pass rate, ahead of only the Jets. That's unacceptable when your QB is a two-time MVP averaging a first down per throw.
But Sunday night should make us more confident in the Ravens, not less.
It's not possible to give Baltimore a bigger test than it got Sunday night — on the road, in primetime, against the best non-Ravens team in the league — and Baltimore completely aced the test for 55 minutes before sports happened.
The Ravens were so good Sunday that their Super Bowl odds barely changed at books, despite the loss. Their odds actually went up at FTN.
That means it's time to invest in Baltimore stock in a rare buy-low spot — possibly our last.
FTN projects Baltimore to go 12.1-3.9 the rest of the way. The Ravens are still projected with the second-best record in the NFL, 0.3 wins behind Buffalo, with a 93% chance of making the playoffs, a 75% shot of winning the AFC North, and over 50% at a top-2 seed.
Pick your favorite bet or take the whole escalator. There's clear value on the division at -135 (FanDuel), implied 57%, especially with a get-right Browns game up next. There's also value on a Ravens 1-seed (+550, BetMGM), and especially on most wins (+900, DraftKings), since the Ravens can split that one even with a Buffalo tie.
Sunday didn't show us Baltimore is a fraud. It showed us the Ravens are the best team in football, by far — and simultaneously gave us a chance to invest.