There are a handful of words you can use to describe the first few days of the NFL’s free agency period. The word “frenzy” has been thrown around. Same with “carousel”. Other words that have been uttered in the past few days include “fever”, “madness”, and “hysteria”. All these words are apt to describe what’s been going on in the NFL with so many players getting traded, signing with other teams, and even retiring.

More than anybody else, sportsbooks took notice of all the moves being made in the free agency period. The kind of had to because all the player movement was having direct effects on the Super Bowl 50 betting market. Take the Seattle Seahawks for example. Before free agency began, the Seahawks were second favorites to win Super Bowl 50 at 7/1 odds. The only team with shorter odds were the reigning Super Bowl champions, the New England Patriots at 11/2 odds.

Then Patriots cornerback Darrelle Revis announced that he was returning to the New York Jets. Shortly after that, the Seahawks swing a blockbuster deal with the New Orleans Saints that sent Pro Bowl tight end Jimmy Graham to the northwest. Once news arrived of these two stunning transactions, the Seahawks saw their odds drop to 5/1 with the Patriots going up to 6/1.

Think this only applies to the favorites? Guess again.