The Baltimore Ravens hold the edge in the AFC North market at 49% implied probability due to their established core featuring Lamar Jackson and Derrick Henry, even as they transition to rookie head coach Jesse Minter following John Harbaugh’s departure. The Cincinnati Bengals sit close behind at 33.5% after an aggressive defensive rebuild that included trading for Dexter Lawrence and adding free agents such as Boye Mafe and Jonathan Allen to complement Joe Burrow, addressing prior weaknesses that limited their 2025 results. The Pittsburgh Steelers at 13.5% and Cleveland Browns at 2.4% trail significantly, reflecting thinner roster depth and fewer recent roster upgrades compared with the top two clubs entering training camp.