Big 12 Championship Odds 2024: Utah, Kansas State Lead Conference Heading into Week 2

The Big 12 Championship odds have seen minimal movement after the first week of college football.

The five teams from the Big 12 ranked in the AP Top 25 - Utah, Kansas State, Oklahoma State, Kansas, and Arizona - all won by double digits against FCS or Group of Five opponents in Week 1.

The Utes, who are in their first season in the conference, remain the favorite by the College Football Playoff odds to win the Big 12 and earn a bye week.

However, this is the most wide-open conference in the country with seven teams having 10/1 odds or shorter at our best college football betting sites to take home the conference championship.

While no team from the Big 12 is viewed as a true contender by the college football championship odds, at least one of these teams will be in the playoff come December.

And don't count out Colorado, which has two Heisman Trophy odds contenders in Shedeur Sanders and Travis Hunter. 

Big 12 Championship odds 

Big 12 Championship odds from our best sports betting apps as of Sept. 4 | 🔥 = best odds | ❄️ = worst odds

Big 12 Championship favorite

Utah (+275)

Week 1 was a layup for Utah as it officially becomes a member of the Big 12.

Kyle Whittingham's squad played Southern Utah and handled the FCS program in a 49-0 win. While there's not too much to take away from these types of games, it was the first time the Utes' starting QB took the field in over a year.

Cam Rising didn't miss a beat in his return from a torn ACL. The 25-year-old, seventh-year senior, got off to a hot start and finished with 254 yards and five touchdowns on just 15 attempts.

Another great sign was seeing tight end Brant Kuithe return to the field after missing most of the last two seasons. Kuithe, a fellow seventh-year senior, caught three touchdowns in his return.

Defensively, Utah is loaded and it showed against the Thunderbirds. Southern Utah had just 150 yards and was sacked five times.

Utah's rugged approach helped it own the Pac-12 and makes it a perfect fit in the Big 12. With Rising healthy, the Utes are the most complete team in the conference and a $10 winning bet on them pays a $27.50 profit.

Best odds: +275 via BetMGM | Implied probability: 26.67%

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My Big 12 Championship team to watch

Kansas State (+400)

Kansas State had a similarly easy opening game to the year against an FCS team.

The Wildcats plowed through UT Martin with a 41-6 win in true sophomore QB Avery Johnson's second career star. While Johnson was a little up and down, he remains one of the most interesting Heisman Trophy dark-horse candidates.

Clearly the threat of him as a runner helped open up the ground attack and DJ Giddens cashed in. He ran for 124 yards on just 13 carries - he and Johnson make Kansas State one of the most dangerous offenses in the conference.

And although it was against an FCS squad, Kansas State had some new faces step up on what looks like a promising defense. Transfers Travis Bates (Austin Peay) and Jordan Riley (Ball State) were all over the field.

Like with Utah's game, not too much stock should be put into this performance. But it was good to see the offense operating smoothly with Johnson running the show.

To me, this conference is between Utah and Kansas State with the Wildcats' chances hinging on how quickly Johnson develops. If he can carry K-State to a conference title, a $10 bet pays a $40 profit.

Best odds: +400 via bet365 | Implied probability: 20%

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Colorado Big 12 Championship odds

Best odds: +3000 via DraftKings | Implied probability: 3.23%

Like Utah and Kansas State, Colorado opened its season with an FCS opponent. Unlike the Utes and Wildcats, the Buffaloes struggled to pull off the win.

In Deion Sanders' defense, North Dakota State is an FCS Championship odds favorite and could be an FBS program if it wanted. With that said, it was still a troubling start for a team some believe can compete in the Big 12.

If Colorado makes a bowl this season, that alone is a huge win for Sanders. And it might just be with thanks to Shedeur Sanders and Hunter. Both were phenomenal against the Bison and played up to their first-round draft buzz.

If not for Sanders' ability to extend plays and hide his offensive line's poor play, the Buffs may not have won this one 31-26. He threw for 445 yards and four scores, plus he was credited with the most big-time throws in the country by PFF in Week 1 (5).

Sanders, along with Hunter and Jimmy Horn Jr., make this passing attack scary. But the offensive line is a glaring hole and the defense still has plenty of questions.

If Colorado shocks the world and wins the Big 12, a $10 bet pays a $300 profit.

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2024 Big 12 Championship odds over time

Odds via DraftKings.

Past Big 12 Championship winners

How to bet on the Big 12 Championship

When betting on Big 12 Championship odds, first, choose a reputable sportsbook that offers college football futures. Check out the odds for different teams; for example, if Utah has +300 odds and Colorado has +600, a $100 bet on Utah would win you $300 if they take the championship.

Decide how much you want to wager and place your bet. If you bet $100 on Utah at +300 and they win, you’ll get $400 back ($300 profit + $100 stake). Keep an eye on team performances throughout the season to see how your bet is shaping up.

Remember, when betting in future markets, the odds will move. It’s mostly about performance and perception. If a team starts playing better or worse than expected, their odds will change. Injuries to key players can significantly impact a team's chances and thus their odds. Transfers and new player acquisitions can also affect a team's championship odds.

Public betting trends play a role too - if a lot of people are betting on one team, sportsbooks might adjust the odds to balance their risk.

Expert analysis and predictions can also influence how people bet, which in turn affects the odds. Understanding these factors helps you make more informed bets and maybe even catch some favorable odds shifts.

How to read Big 12 Championship odds

Reading SEC Championship odds is straightforward. Odds are usually presented in a format like +300 or -150. Positive odds (i.e., +300) show how much profit you’d make on a $100 bet.

For example, a $100 bet at +300 odds would win you $300, plus your original $100 stake, totaling $400. Negative odds (i.e., -150) indicate how much you need to bet to win $100. So, a $150 bet at -150 odds would win you $100, plus your $150 stake, totaling $250.

These odds also reflect the implied probability of a team winning the championship. Lower odds (i.e., +200) suggest a higher probability of winning, while higher odds (i.e., +1000) indicate a lower probability. Sportsbooks adjust these odds based on factors like team performance, injuries, transfers, and betting patterns.

For example, if Kansas State has +300 odds and Kansas has +600 odds, Kansas State is considered more likely to win. If you bet $100 on Kansas State and they win, you’d get $400 back ($300 profit + $100 stake). Understanding these odds helps you make informed betting decisions and assess potential returns.

Big 12 Championship FAQs

Who's the favorite to win the Big 12 Championship?

Utah is the favorite to win the 2024 Big 12 Championship with odds as short as +240, representing an implied win probability of 29.41%.

How is the Big 12 Championship game determined?

The two teams with the best in-conference winning percentage will play in the Big 12 Championship game.

When is the Big 12 Championship game? 

The Big 12 Championship game will be played Saturday, Dec. 7 at AT&T Stadium in Arlington, Tex.

Who won the Big 12 Championship last year?

The Texas Longhorns rolled to a 49-21 victory over the Oklahoma State Cowboys in the 2023 Big 12 Championship game.

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