Penrith’s shock loss to South Sydney in week one of the NRL Finals has seen them drift in the TAB Premiership market from $2.75 out to $3.75.

The Panthers have been the best backed team to win the title with 31 percent of the market but will now face either Parramatta or Newcastle in sudden-death football next weekend, before a potential Preliminary Final against Premiership favourites Melbourne.

TAB has cut South Sydney’s Premiership odds from $11 into $5.50 after the 16-10 victory. They’ve been reinstalled as third favourite for the title above Manly who have drifted from $6.50 out to $8 following Friday night’s loss to the Storm.

However, the Sea Eagles have opened as $1.32 favourites against the Roosters ($3.40) for next week’s knockout semi, after the Roosters survived a major scare from the Titans.

The Eels are $1.40 favourites against the Knights at $3, in the remaining week one elimination final.

TAB Odds

TAB – NRL Finals – Week 2

$1.32    Manly

$3.40    Roosters

TAB – NRL Premiership

$2.10    Melbourne (were $2.40)

$3.75    Penrith (were $2.75)

$5.50    South Sydney (were $11)

$8.00    Manly (were $6.50)

$34       Roosters

$51       Parramatta (were $26)

$201     Newcastle (were $101)