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15.5-point underdog Jacksonville Jaguars beat the Buffalo Bills in Week 10. Photo: Sam Greenwood/Getty Images

The most unpredictable NFL season in recent memory is costing bettors at a historic clip.

Driving the news: November was among the worst months ever for the betting public thanks to underdogs covering the spread nearly 60% of the time and winning 23 games outright.

Notable games: Jaguars over Bills in Week 9; Dolphins over Ravens in Week 10; Texans over Titans in Week 11.

  • That's part of a season-long trend in which underdogs are 99-77-1 against the spread — on pace to be the best mark since 1980.

The big picture: While the NFL's chaos cursed bettors last month, it's made for a wildly entertaining season — and the upshot is a wide-open playoff race with six weeks left.

  • 27 teams are within 1.5 games of a playoff spot, and 25 teams have at least five wins (compared to just 18 at this point last season).
  • This is the first year since 2014 with no 10-win teams through Week 12, and just two division leaders hold more than a two-game lead over second place (NFC North, NFC South).

Wild stat: 25 games this season have been decided on the final play — the most through 12 weeks since the merger. That kind of end-game coin flip has helped cause this unprecedented parity.

Playoff picture:

  • AFC: 1. Ravens (8-3), 2. Patriots (8-4), 3. Titans (8-4), 4. Chiefs (7-4), 5. Bengals (7-4), 6. Bills (7-4), 7. Chargers (6-5)
  • NFC: 1. Cardinals (9-2), 2. Packers (9-3), 3. Buccaneers (8-3), 4. Cowboys (7-4), 5. Rams (7-4), 6. 49ers (6-5), 7. Washington (5-6)

Go deeper: New Jersey becomes first state to hit $1 billion in monthly sports bets

Go deeper

Pennsylvania sports betting ranks third in nation

Expand chart
Data: Legal Sports Report; Chart: Sara Wise/Axios

Pennsylvania is one of the top three sports betting states in the nation, trailing behind only New Jersey and Nevada.

Why it matters: Both the state and counties collect tax revenue from sports betting, 34% and 2% respectively.

Updated 8 mins ago - Economy & Business

Janet Yellen co-opts Reaganomics phrase for new Davos speech

Treasury Secretary Janet Yellen at a speech this week. Photo: Alex Wong/Getty Images

The U.S. needs to focus on increasing its productive potential, Treasury Secretary Janet Yellen told world leaders Friday, calling for what she terms "modern supply side economics."

Why it matters: She co-opted a phrase traditionally used by political conservatives to describe low-tax and deregulatory policies — and framed the Biden administration's initiatives as the best path forward to achieve greater national prosperity.

National Archives releases Trump White House records to Jan. 6 panel

Photo: Chip Somodevilla/Getty Images

The National Archives on Thursday evening released records of former President Trump's White House to the House Jan. 6 Select Committee, the agency said.

Why it matters: The committee now has documents that Trump attempted to keep hidden, arguing that their release would undermine his executive privilege.