BetMGM is offering new users a promotion for the upcoming Thursday Night Football game between the Jacksonville Jaguars and the Baltimore Ravens. With the bonus code FOXNEWS, customers can have their first bet covered up to $1,500. If the initial wager loses, BetMGM will refund the stake in bonus bets.

The Jaguars are significant favorites against the Ravens, with the line moving substantially due to Baltimore's quarterback situation. Lamar Jackson is on injured reserve following thumb surgery, and Tyler Huntley's season is reportedly over due to turf toe. Undrafted rookie Joe Fagnano is slated to start for the Ravens, who have lost three consecutive games.

Jacksonville, on the other hand, has a 5-2 record and boasts the NFL's best point differential. Quarterback Trevor Lawrence has recorded 17 touchdowns against four interceptions, and the Jaguars are coming off a decisive 42-7 victory over the Colts.

The odds for the game show the Jaguars as moneyline favorites at -476 and a spread of -9.5. The Ravens are underdogs at +385 on the moneyline and +9.5 on the spread, with a total set at over/under 42.5 points.

Despite the public's strong lean towards the Jaguars, the article suggests the Ravens' moneyline offers a compelling contrarian bet, especially given the unpredictability of short-week games and the potential for a defensive, low-possession contest. The promotion from BetMGM allows users to place a bet on the Ravens moneyline at nearly 4-to-1 odds with the safety net of a refund if the upset does not occur.

The game is scheduled for Thursday, November 5, 2026, at 8:15 p.m. ET and will be broadcast on Prime Video from M&T Bank Stadium in Baltimore.