Big Ten Championship Odds 2024: Ohio State, Oregon Lead the Way with Season Over a Month Away
The top college football betting sites have Ohio State as the favorite to win the 2024 Big Ten Championship, with Oregon and defending champion Michigan close behind.
The Big Ten is experiencing a fresh change this season, as Michigan has bid farewell to head coach Jim Harbaugh for the NFL, and the conference has welcomed multiple former Pac-12 schools as part of its expansion.
Now that Harbaugh has left, Ohio State stands as the top contender for the Big Ten Championship and is neck and neck with Georgia in the college football championship odds. Ryan Day leads a highly talented team, but the question remains – can the Buckeyes fend off the up-and-coming Oregon?
The Ducks acquired a quarterback favored to win the Heisman Trophy through the transfer portal and currently have the fourth best odds to make it to the College Football Playoff. Meanwhile, the Wolverines are the reigning champions with three consecutive conference titles.
Take a look at the 2024 Big Ten championship odds, as provided by our top college football betting sites.
Big Ten Championship odds 2024
Big Ten Championship odds listed by our top sports betting apps as of July 10 | 🏆 = best odds | ❄️ = worst odds
| Team | DraftKings | FanDuel | bet365 |
|---|---|---|---|
| Ohio State | +155 | +155 | +150 ❄️ |
| Oregon | +215 | +210 | +200 ❄️ |
| Penn State | +500 | +500 | +450 ❄️ |
| Michigan | +600 | +750 | +550 ❄️ |
| USC | +2200 | +2000 ❄️ | +2500 |
| Iowa | +4000 | +4000 | +2800 ❄️ |
| Nebraska | +5500 | +5500 | +6000 |
| Wisconsin | +6500 | +6500 | +8000 |
| Washington | +8000 | +8000 | +6000 ❄️ |
| Maryland | +10000 | +10000 | +8000 ❄️ |
2024 Big Ten Championship favorites
Ohio State (+155)
Buckeyes fans have endured a tough few years as Day was unable to beat Michigan for three consecutive seasons. However, things are looking up for Day now that Harbaugh is gone, along with several key players from the Wolverines’ championship season.
In an effort to enhance the Buckeyes’ chances in the Big Ten Championship, Ohio State successfully persuaded over seven players who were contemplating entering the NFL draft to return. Among them are standout wide receiver Emeka Egbuka, as well as pass rushers J.T. Tuimoloau and Jack Sawyer, all of whom are considered top contenders for All-American honors.
Ohio State not only recruited their own roster effectively, but also capitalized on the transfer portal by adding two top 10 portal players in safety Caleb Downs and running back Quinshon Judkins. Additionally, head coach Ryan Day secured an experienced quarterback in Will Howard, a Kansas State transfer with potential to rise in the 2025 NFL Draft odds.
Top odds: +155 on DraftKings, with an implied probability of 39.32%
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Oregon (+215)
Oregon, one of the new members of the Big Ten from the now-defunct Pac-12, is considered a serious contender for the title this season. Head coach Dan Lanning chose to lead the Ducks into their new conference over an opening at Alabama, showcasing the team’s immense talent.
Lanning made the decision to switch out Bo Nix for Dillon Gabriel at quarterback, a transfer from Oklahoma, and added Evan Stewart, a transfer from Texas A&M, to the receiving corps. With Gabriel’s impressive 151 collegiate touchdowns, he should have no trouble utilizing the talent in the already stacked pass-catching room, including the new addition of Stewart.
If that isn’t enough to impress you, Lanning’s defense is expected to outshine the offense. Oregon boasts a number of potential NFL players, with defensive lineman Jordan Burch leading the pack. Additionally, the Ducks have secured a highly-ranked transfer portal class, featuring standout cornerbacks Jabbar Muhammad and Kam Alexander.
Top odds: +215 on DraftKings | Implied chances: 31.75%
Michigan (+750)
Harbaugh, McCarthy, and Corum have departed, along with 11 other Wolverines who were chosen in the 2024 NFL Draft. Despite the loss of key players, new head coach Sherrone Moore has proven his abilities by defeating Ohio State as acting head coach during Harbaugh’s suspension. The team may seem depleted, but it is far from empty.
Despite the influx of new players, Michigan boasts a highly skilled roster this season. Standouts like tight end Colston Loveland and running back Donovan Edwards are considered among the best in the nation on offense, while potential top 10 NFL draft picks Mason Graham and Will Johnson lead a formidable defense. It would be a mistake to underestimate this talented team.
Most favorable odds: +750 at FanDuel | Probability of winning: 11.76%
This offer is only available to new customers who deposit a minimum of $5. If you place your first bet of $5 or more and it wins within 72 hours, you will receive $200 in Bonus Bets.
2024 Big Ten Championship odds over time
Odds via DraftKings.
| Team | Opening odds (April 30, 2024) |
|---|---|
| Ohio State | +150 |
| Oregon | +240 |
| Michigan | +500 |
| Penn State | +550 |
| USC | +2200 |
| Iowa | +3500 |
| Washington | +5000 |
| Nebraska | +6000 |
| Wisconsin | +7000 |
| Maryland | +7500 |
| Rutgers | +10000 |
| UCLA | +11000 |
| Michigan State | +12000 |
| Northwestern | +13000 |
| Illinois | +15000 |
| Minnesota | +20000 |
| Purdue | +30000 |
| Indiana | +30000 |
Past Big Ten Championship winners
| Year | Team | Preseason odds |
|---|---|---|
| 2023 | Michigan | +175 |
| 2022 | Michigan | +900 |
| 2021 | Michigan | +700 |
| 2020 | Ohio State | -225 |
| 2019 | Ohio State | +160 |
| 2018 | Ohio State | -110 |
| 2017 | Ohio State | -140 |
| 2016 | Penn State | +6000 |
| 2015 | Michigan State | +800 |
| 2014 | Ohio State | +300 |
How to bet on the Big Ten Championship
Before placing your bet on Big Ten Championship odds, make sure to select a trusted sportsbook that provides college football futures. Review the odds for various teams, such as Ohio State at +300 and Oregon at +600. For instance, betting $100 on Ohio State at +300 could potentially earn you $300 if they win the championship. Determine your desired wager amount and place your bet accordingly. If you bet $100 on Ohio State at +300 and they emerge victorious, you would receive $400 in total ($300 in profit plus your initial $100 stake). Monitor team performances throughout the season to track the progress of your bet.
When betting on future markets, keep in mind that odds are subject to change. Performance and perception are key factors in determining odds. If a team exceeds or falls short of expectations, their odds will be adjusted accordingly. Injuries to key players can have a significant impact on a team’s chances and odds. Player transfers and acquisitions can also affect a team’s championship odds. Public betting trends can influence odds as sportsbooks may adjust them to manage their risk. Expert analysis and predictions can also shape betting patterns and impact odds. By understanding these factors, you can make more informed bets and potentially take advantage of favorable odds changes.
How to read Big Ten Championship odds
Understanding Big Ten Championship odds is simple. The odds are typically displayed as either +300 or -150. Positive odds, like +300, indicate the potential profit on a $100 bet. For instance, a $100 bet at +300 odds would result in a $300 profit, along with the original $100 wager, for a total of $400. On the other hand, negative odds such as -150 show the amount needed to bet in order to win $100. Therefore, a $150 bet at -150 odds would yield a $100 profit, in addition to the initial $150 bet, totaling $250.
The odds provided also indicate the likelihood of a team winning the championship. Lower odds, such as +200, imply a higher chance of winning, whereas higher odds, like +1000, suggest a lower likelihood. These odds are adjusted by underscoregs to account for variables such as team performance, injuries, transfers, and betting trends.
If Michigan has +300 odds and Penn State has +600 odds, Michigan is the favored team to win. Betting $100 on Michigan would result in a $400 payout ($300 profit + $100 stake). Knowing how to interpret these odds can guide your betting choices and estimate potential earnings.
Big Ten championship FAQs
Who’s the favorite to win the Big Ten Championship?
Ohio State is heavily favored to win the 2024 Big Ten Championship, boasting odds of +150 which suggest a 40% chance of victory.
How is the Big Ten Championship game determined?
The Big Ten will now have 18 teams and will no longer use a divisional format to determine the championship game. Instead, the top two teams in the conference standings based on winning percentage will face off in the championship game.
When is the Big Ten Championship game?
The Big Ten Championship game is scheduled for Saturday, December 7 at Lucas Oil Stadium in Indianapolis, Indiana.
Who won the Big Ten Championship last year?
In the 2023 Big Ten Championship game, the Michigan Wolverines dominated with a 26-0 win over the Iowa Hawkeyes.
College football odds pages
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| Heisman Trophy Odds | Big Ten Odds | Pac-12 Odds | MAC Odds |
| College Football Playoff Odds | Mountain West Odds | ACC Odds |
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