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June 12, 2024Big Numbers for Legalized Sports Betting
June 13, 2024In the college football national championship futures market, BetMGM’s largest liabilities are on Ohio State, Colorado, and Georgia. Of all the teams to win the national title, Ohio State has the most handle (35.8%) and the most tickets (23.8%). At BetMGM, the Buckeyes’ chances of winning the title have moved from +700 to +375. The only team with lower national championship chances than Ohio State is Georgia (+350).
Check out the latest college football odds at BetMGM.
Caleb Downs, a former Alabama safety, was one of the four players the Buckeyes added among the top 15 players available in the transfer portal this offseason. He is thought to be an outstanding potential NFL talent and was named the top player in the portal by several recruiting-focused magazines.
In comparison to its peers, Ohio State’s quarterback play in 2023 was arguably its biggest problem. The Buckeyes recruited Julian Sayin, a former quarterback from Alabama, and Will Howard, a former quarterback from Kansas State, with Kyle McCord now at Syracuse. Devin Brown, who had some time at quarterback last season, provides three capable choices at the position. Sayin was once a five-star prospect, and Howard has experience from his successful time in the Big 12. On paper, the job should go to Howard, as he allays worries about the position after leading Kansas State to a nine-win campaign and scoring 34 touchdowns in all the previous season. Unlike McCord, he is a seasoned starter with superior athleticism.
Even with Oregon joining the conference, the Buckeyes have one of the most talented rosters in the nation, and Jim Harbaugh’s departure from Michigan for the NFL gives them a chance to reclaim their top spot in the Big Ten. The Buckeyes appear to be a real title contender if the quarterback position improves.
The inaugural season of Deion Sanders as the head of a Power Five program commenced with great excitement. Thanks in large part to quarterback Shedeur Sanders and his teammates’ outstanding offensive efforts, the Buffaloes jumped out to a 3-0 start, defeating TCU, Nebraska, and Colorado State. Then, Colorado’s 2023 season fell apart. The Buffaloes finished the season 4-8 with two losses coming by more than 30 points, winning just once in their final nine games.
Sports bettors are supporting the Buffs in 2024 despite a dismal 2023 season, according to data from BetMGM. 4.5% of tickets and 4% of wagers on national championship futures for the 2024 season are placed on Colorado to win the title. On the sports betting app, the Buffaloes had +20000 odds to win the title when they first opened. Now, they are at +12500. Colorado has also attracted a lot of bettors, with a victory total of 5.5 according to BetMGM. Out of all the teams, Colorado’s win total has drawn the most tickets.
On Colorado win total bets, around 80% of handle is placed on the over 5.5 wins, which currently has odds of -125 on BetMGM. A Colorado team that wins more than 5.5 games is much more likely than Deion Sanders’ squad contending for a national title. The Buffaloes are ranked #1 in the country by On3’s Team Transfer Portal Index, despite not being predicted to contend for a national championship. The measure, which suggests Colorado’s new arrivals more than make up for the team’s departures, is meant to provide a notion of how much a team has improved through the portal.
The Buffaloes might appear better in 2024 and won’t have to play against teams like Oregon and USC now that they’re in the Big 12. Colorado is still a longshot to win the Big 12 at +3000 at BetMGM, behind a number of other teams. Utah and Kansas State are the current co-favorites at odds of +350.Check out the latest college football odds at BetMGM.