Big 12 Championship Odds 2024: Arizona State Favorite; Nine Teams Still Alive

The Big 12 Championship odds have experienced more movement than any other Power 4 conference this season, and there are somehow nine teams still alive heading into the final week of the regular season.

While Arizona State (+135) is the favorite thanks to its win over BYU (+320) and Colorado's loss to Kansas, the Sun Devils still need to beat rival Arizona during the Duel in the Desert to qualify for the Big 12 Championship Game.

Arizona State, Iowa State, BYU, and Colorado lead the Big 12 Championship odds at our college football betting sites, with the potential for a four-way tie between them.

Big 12 Championship odds 2024

Live Big 12 Championship odds from our best sports betting apps.

• Arizona State: The Sun Devils have been one of the biggest surprises in college football and are getting the shortest College Football Playoff odds in the conference after being as long as +10000 to win the Big 12 two months ago
• Iowa State: If the Cyclones beat Kansas State on Saturday they qualify for the Big 12 Championship, despite recent losses to Kansas and Texas Tech
• BYU: The Cougars were in the driver's seat and ranked among top 10 in the AP Top 25, but two straight losses lengthened their odds from shorter than +200 to +320
• Colorado: While Travis Hunter is the overwhelming Heisman Trophy odds favorite, the Buffaloes' Big 12 Championship odds lengthened from +100 to +650 after losing to Kansas
• Kansas State: The Wildcats entered the season as college football championship odds contenders, but they need a lot to happen to reach the Big 12 title

Big 12 Championship favorite

Arizona State (+135)

The Big 12 has been absolute chaos all season, and that's why it's so fitting that Arizona State is the the favorite to win the conference.

When Kenny Dillingham took over as head coach last campaign, it looked like it could take a decade for the program to recover after what Herm Edwards did while in charge. Instead, the former Oregon offensive coordinator has led the Sun Devils to upsets of Kansas State and BYU in back-to-back weeks.

That's a credit to the coaching staff developing players like Sam Leavitt, Cam Skattebo, Jordan Tyson, Clayton Smith, and Shamari Simmons. There's several future NFL players on this roster who are thriving, and it's leading to wins. 

Now Arizona State is as short as +135 to win the conference because it just needs to beat Arizona on Saturday and the school will be into the Big 12 Championship. While I do think they'll beat the Wildcats, I don't love how short this price is with the opponent likely to be either Iowa State or BYU.

The Sun Devils are just 48th in SP+ and have gotten lucky at times this season. They nearly blew the game against BYU last week and barely beat UCF, Kansas, and Texas State, and lost to Texas Tech.

The Sun Devils undoubtedly possess the ability to win this conference and reach the College Football Playoff. But these odds are a tough pill to swallow. If ASU beats Arizona and wins the Big 12 Championship Game, a $10 bet only pays a $14.50 profit.

Best odds: +145 via DraftKings | Implied probability: 40.82%

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My Big 12 Championship team to watch

BYU (+320)

There's a good chance Kalani Sitake will take home at least one coach of the year award this year. The BYU bench boss took a team that was projected to finish near the bottom of the conference and had gone undefeated through the first nine games before falling to the Jayhawks and Sun Devils.

Not only did the Cougars drub a Kansas State school 38-9 that was expected to win the Big 12, but BYU beat SMU in non-conference play during September. At that time nobody knew that the Mustangs would become a potential College Football Playoff odds team.

The Cougars came into the season with the longest odds in the conference to win the Big 12 (+12000). They've done nothing but overachieve behind a physical defense and a budding star at QB.

Jake Retzlaff has been one of the best stories in college football this season and looks like one of the top quarterbacks in the conference. He has BYU ranked 18th in SP+, and Retzlaff led a game-winning drive in the Holy War.

The losses to Kansas and Arizona State were a tough look. But BYU just needs Kansas State to beat Iowa State, and then the Cougars would get a rematch with the Sun Devils in the conference championship. And I'm taking the Wildcats to beat the Cyclones, which is why I'm backing the Cougars at +360 via DraftKings.

If BYU wins out and takes the conference title, not only will a $10 bet on the Cougars pay a $36 profit, but Sitake's team could earn a bye in the CFP.

Best odds: +360 via DraftKings | Implied probability: 21.74%

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?

Arizona State is the favorite to win the 2024 Big 12 Championship. The Sun Devils' shortest odds (+135) imply a 42.55% probability they'll win the conference, per our odds calculator.

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, Texas.

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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