Power Rankings: No. 5 Carolina Panthers

A weekly examination of the Panthers’ ESPN.com Power Ranking:

Preseason: 23rd | Last Week: 5th | ESPN.com Power Ranking since 2002

Despite a recent 24-20 victory over New England on national television and league-best seven-game winning streak, the Carolina Panthers trail the Patriots in ESPN.com's Power Rankings and with Las Vegas oddsmakers.

The Panthers stayed at No. 5 in the Power Rankings after Sunday's 20-16 come-from-behind victory over Miami. New England jumped two spots to No. 4 with its overtime victory over Denver.

The Denver win also played heavy in Vegas as New England ranks third among favorites to win Super Bowl XLVIII. Carolina ranks fifth.

Still, those who put money down on Carolina to win the championship after Week 2 are looking pretty good.

The Panthers, whose odds of winning the title were 100-1 when they were 0-2, are at 10-1 after extending their winning streak at Miami.

According to Bovada, an online betting website based in Las Vegas, the Seattle Seahawks (10-1) are the Super Bowl favorite at 3-1. Next is Denver (9-2) at 7-2 odds, New England (8-3) at 13-2 odds, New Orleans (9-2) at 13-2 odds and then Carolina (8-3).

Still, not bad considering that two weeks into the season, 24 teams had better odds of winning the big game than the Panthers.

Carolina has a chance to improve those odds with two of its final five games against the Saints, including a big NFC showdown in two weeks in New Orleans.