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Riley spent five years coaching the Oklahoma Sooners and led the organization to four Big 12 Championships before being hired as the head coach of the Trojans on Nov. 28.
A top-ranked transfer class led by quarterback Caleb Williams and wide receiver Jordan Addison will also join Riley at USC for the 2022 season.
As a result, bettors have taken a shine to the Trojans with 22% of the betting handle and 10% of the betting tickets, the third most to win the National Championship.
The Trojans were available at +3500 to win the National Championship in late April, but Caesars bookmakers have clipped USC down to +2500 — a 3.8% implied probability.
Only the Alabama Crimson Tide (+200), Georgia Bulldogs (+325), Ohio State Buckeyes (+450), Clemson Tigers (+1400) and Texas A&M Aggies (+2200) currently have shorter odds to win it all this season.
Considering the Trojans only won four games last season, it’s noteworthy to see such a leap in faith in a USC turnaround from bettors. After all, even with all his success at Oklahoma, Riley has lost all three of the College Football Playoff games he’s appeared in.