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Matchup preview

New Mexico vs New Mexico State

New Mexico visit New Mexico State in Week 4. The model favors New Mexico by 18.1. Win probability, the tale of the tape, and the all-time series, all from real data.

Win probability
86%
14%

Model win probability from SP+ ratings + home-field edge.

The read
Model analysis · September 23 · refreshed weekly

SP+ frames this as a clear separation game: New Mexico rates 4.8 (58th) against New Mexico State's -15.7 (119th), and the model projects the visitor by 18.1 points with an 86% win probability. The market is materially more cautious, pricing New Mexico State +11.3 for a 25% implied chance, while the ProphetX exchange sits between them with New Mexico State at -415 (81% the home side loses). That spread of views, 14% to 25% to 21% on the underdog, marks the primary disagreement to read here.

The unit ranks reinforce the gap. New Mexico carries the 66th offense and 50th defense, New Mexico State the 119th and 114th, so the model's edge is broad rather than one-sided. Season results align: New Mexico posted 38-7 and 70-7 wins around a 6-14 loss at Oklahoma, while New Mexico State went 17-34 at Florida State and 19-29 at Hawai'i with a 51-14 win over shared opponent Mercyhurst, where New Mexico's 70-7 was more emphatic.

Series history leans the same way, New Mexico 7-4 all-time and a 38-20 win in the 2025 meeting. Simulations separate the programs further: 8.2 projected wins and 9.6% Playoff odds for New Mexico against 4.8 wins and 0.1% for New Mexico State.

Model, market, and exchange all favor New Mexico; the only real question is how much of the 18.1-point projection the 11.3 line leaves on the table.

Matchup odds
Consensus line · 2 books
Spread
UNM -11.3
Total (O/U)
48.5
Favorite
UNM
Moneyline win probability (implied from the spread)

Real consensus line across 2 sportsbooks. Spread and total are the current market number; the win probabilities are implied from the spread.

Matchup odds price history
The market to win this game · daily prices, colored by the favorite
New Mexico82%-8 ptsvsNew Mexico State18%+8 pts
0%25%50%75%100%New Mexico favoredNew Mexico State favoredSep 13Sep 15Sep 20Sep 22Sep 23

Real daily prices from the market to win this game, shown as New Mexico's win price; New Mexico State's is 100 minus it (the same market's other side). Above the 50% line New Mexico is favored, below it New Mexico State is, and each candle takes the favored team's color. Kalshi shows open-high-low-close candles (filled body closed up, hollow closed down). As of Sep 23.

Tale of the tape
Percentile vs FBS · 2025 stats, 2026 SP+
#58SP+SP+: Bill Connelly's tempo- and opponent-adjusted efficiency rating, expressed in points above average.#119
#78FPIFPI: ESPN's Football Power Index, an overall measure of team strength.#126
1494EloElo: a rating that rises or falls after each game based on the result and the quality of the opponent.1172
-Title oddsDe-vigged consensus probability to win the national title, averaged across the prediction markets we track.-
New MexicoNew Mexico Statesolid = better, faded = trailing
What these metrics mean
SP+. SP+: Bill Connelly's tempo- and opponent-adjusted efficiency rating, expressed in points above average.
FPI. FPI: ESPN's Football Power Index, an overall measure of team strength.
Elo. Elo: a rating that rises or falls after each game based on the result and the quality of the opponent.
Title odds. De-vigged consensus probability to win the national title, averaged across the prediction markets we track.
Off PPA. PPA (Predicted Points Added): the average point value each play adds. Higher is better for offense, lower for defense.
Success. Success rate: the share of plays that stay on schedule (roughly 50% of needed yards on 1st down, 70% on 2nd, 100% on 3rd/4th). Higher is better.
Explosive. Explosiveness: the average value of a team's successful plays, i.e. how big its good plays are when they hit.
Yards/game. Total yards gained per game.
Success allowed. How often the defense allows an on-schedule play (enough yards for the down). Lower is better.
Havoc. Havoc rate: the share of plays where the defense makes a tackle for loss, forced fumble, interception, or pass breakup.
Yards allowed. Total yards allowed per game. Lower is better.
Efficiency profile
Percentile vs FBS · 2025
Recent series
New Mexico lead 7-4
New Mexico have won the last 2
20152025
Head to head
Every meeting in our records
2025
38-20
New Mexico
at New Mexico
2024
50-40
New Mexico
at New Mexico State
2023
27-17
New Mexico State
at New Mexico
2022
21-9
New Mexico State
at New Mexico State
2021
34-25
New Mexico
at New Mexico
2019
55-52
New Mexico
at New Mexico
2018
42-25
New Mexico
at New Mexico State
2017
30-28
New Mexico State
at New Mexico
2016
32-31
New Mexico State
at New Mexico State
2015
38-29
New Mexico
at New Mexico
2014
38-35
New Mexico
at New Mexico State
More Week 4 matchups
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FAQ

Frequently asked questions

How do I trade the New Mexico vs New Mexico State game?

Kalshi lists winner markets for college football games. Sign up with code FADE (trade $25, get up to $500), open the New Mexico vs New Mexico State market when it posts, and buy YES on your side; the price in cents equals the market's implied win probability. You can sell before kickoff or settlement at the current price.

When do New Mexico and New Mexico State play?

Week 4 of 2026, on Sep 26, 2026 at New Mexico State.

Who is favored?

The model projects New Mexico by 18.1 (86% win probability), from SP+ ratings.

What is the all-time series?

New Mexico lead 7-4 over the meetings in our records.

Full schedule → · Both teams' playoff odds, from 10,000 simulations →

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