Pac-12 Championship Odds 2023: USC Favored to Win Top-Heavy League

The USC Trojans are betting favorites to win the final season of the Pac-12 football conference based on our Pac-12 championship odds. Will they deliver with Caleb Williams leading the way? Read on as we track the 2023 Pac-12 conference title market based on our best college football odds.

Utah has won back-to-back Pac-12 titles, but the market doesn't believe the Utes are producing a three-peat. The USC Trojans are the betting favorites with their high-flying offense capable of putting on a show every weekend.

But there are several other strong contenders in the Pac-12, and USC hasn't won a league crown since 2017. Does that mean we should be looking elsewhere in this futures market for the final Pac-12 race as we know it?

Here is our look at the 2023 Pac-12 championship market (odds via our best college football betting sites).

Pac-12 championship odds 2023

(Odds accurate as of Sept. 25)

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Pac 12 championship betting analysis

The Pac-12 is extremely top-heavy in 2023, perhaps more so than any other conference. As such, it's therefore critical to shop around the best sports betting sites to find value when placing a bet in this market.

Caesars should be avoided for the most part when trying to place a bet in this market. DraftKings is providing the biggest discount on USC, while FanDuel is featuring favorable value on Washington.

Pac-12 championship odds movement

The biggest riser in this market was Colorado before the conference opener. The Buffaloes were priced as long as +15000 to win the conference entering the season, dropping to as short as +650 last week at most of our best sportsbooks. Colorado is now trading closer to its preseason value after getting trounced by Oregon.

Favorite for the Pac 12 championship

USC (+240 via DraftKings)

After losing in the 2022 Pac-12 title game, USC is on a mission to win the league before moving to the Big Ten conference in 2024. It figures to be the final Pac-12 trophy as we know it, with all but two teams slated to leave the league after 2023.

The Trojans are in a good position to claim the title. They boast the best quarterback in the nation in Caleb Williams, who many expect to be the No. 1 overall pick in the 2024 NFL Draft. Freshman receiver Zachariah Branch looks like the college version of Tyreek Hill with his big-play ability. And overall, Lincoln Riley's offense is humming to start the 2023 campaign.

USC faces a brutal stretch to end the regular season, starting with a road trip to Notre Dame on Oct. 14. The Trojans will clash with Utah (home), Washington (home), Oregon (road), and UCLA (home) all in the final five weeks, a stretch that should define how successful their season ends up being.

Pac 12 championship odds: Contender

Oregon (+275 via bet365)

Dan Lanning took over the Oregon program in 2022 after serving as defensive coordinator for Georgia's first national championship in quite some time. The Ducks didn't miss a beat with Lanning at the helm, going 10-3 in 2022 and notching a win during the Holiday Bowl.

The sky's the limit for what Oregon can accomplish this season with Bo Nix back at quarterback. The Ducks demolished Portland State 81-7 in the opener to set the tone for their final run through the Pac-12. They followed that up with a key road win over Texas Tech in Week 2 and a shellacking of Colorado in the conference opener.

We expect Oregon to be a contender in this race all year.

Pac 12 championship odds: Long shot

UCLA (+3000 via Caesars)

The Dante Moore era has begun. The true freshman bested Ethan Garbers during an open QB battle to begin the 2023 season, and he has flashed during his debut season for the Bruins.

There's plenty of offensive potential with Moore under center. Running back Carson Steele and receiver J. Michael Sturdivant are two of the league's better offensive weapons.

UCLA lost to Utah in the conference opener, where Moore certainly looked every bit like a true freshman. But nobody defeats the Utes in their place. While I remain hopeful of UCLA's chances as a long shot, the margin of error is now thin for this tight conference race.

Pac 12 championship odds: Fade

Colorado (+4000 via Caesars)

While I'm still optimistic about UCLA after it lost its conference opener, the same can't be said for Colorado. The Buffs were overwhelmed by Oregon in their first loss of the season, demonstrating the talent gap Deion Sanders is dealing with in his first year at the helm.

Colorado has depth concerns and serious limitations in the trenches. Those issues will continue to get exposed over the course of league play. Look for opportunities to bet against the Buffaloes if the market continues to believe in them.

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College football odds pages

Recent Pac-12 championship winners

Pac-12 championship FAQs

Who won the Pac-12 championship last year?

The Utah Utes defeated the USC Trojans in the 2022 Pac-12 Championship Game.

When will the Pac-12 championship be decided?

The 2023 Pac-12 Championship Game will be decided on Friday, Dec. 1. The game is slated to begin at 8 p.m. ET.

Where will the Pac-12 championship take place?

The 2023 Pac-12 Championship Game will take place at Allegiant Stadium in Las Vegas, Nevada. The game will be broadcasted on ABC.

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