Big Ten Championship Odds 2023: Michigan, Ohio State Remain Formidable Favorites

The Big Ten continues to be a two-team race, with Michigan and Ohio State both far above the rest of the league once again as we track the 2023 Big Ten conference title market based on our best college football odds.

It's been six years since a team other than Ohio State or Michigan won the Big Ten championship, with Penn State taking the honors in 2016. The Michigan Wolverines have won back-to-back conference crowns, which came after the Ohio State Buckeyes won four straight league titles.

Naturally, Ohio State and Michigan are favorites for now, with Penn State lurking behind as a solid third option.

Here is our look at the 2023 Big Ten championship market (odds via our best college football betting sites).

Big Ten championship odds 2023

(Odds accurate as of Oct. 3)

Visit our Google News page and click "Follow" (⭐) for the latest odds, picks and news!

Big Ten championship betting analysis

We can take advantage of some favorable prices within this market while shopping around our best sports betting sites.

FanDuel provides the most significant discount on Michigan, while Caesars is posting a favorable price on Penn State.

DraftKings is featuring many of the worst prices in this market.

Big Ten championship odds movement

Ohio State enjoyed an edge over Michigan in this race when the market first opened. The Wolverines became co-favorites once the offseason concluded, but they're now valued ahead of the Buckeyes with the season underway.

Ohio State is trading as high as +220 to win the league following its recent signature victory over Notre Dame.

Who is the Big Ten championship odds favorite?

Michigan (+155 via FanDuel)

The Michigan Wolverines are off to an undefeated start to the season after crushing every opponent they face. I was advocating for readers to bet the Wolverines at 10/1 to win the national title, and it's nice to see them prove it on the field. Quarterback J.J. McCarthy looks poised to take the next step, and I fully expect him to be in the Heisman conversation.

Michigan is dominant on both sides of the ball, and it's facing a favorable slate of regular-season games. This team is unlikely to relinquish its title as the Big Ten favorite until at least the regular-season finale when Ohio State comes to town.

Big Ten championship odds: Contender

Ohio State (+220 via Caesars)

Life without quarterback C.J. Stroud didn't get off to the best start. With Kyle McCord winning the QB1 job, this might be the first time in the last several seasons that Ohio State doesn't boast elite quarterback play.

The Buckeyes do still trot out the best receiver room in the country, with Marvin Harrison Jr. leading the way. Their backfield is nearly as talented and capable of making life easier on the quarterback. OSU's defense has improved during the second season under defensive coordinator Jim Knowles.

Ohio State is clearly talented enough to defeat the top teams, as it demonstrated last weekend against Notre Dame. But can the Buckeyes win two more massive games with matchups against Penn State and Michigan looming? 

Big Ten championship odds: Long shot

Penn State (+360 via Caesars)

Quarterback Drew Aller has hit the ground running during his first season as the starter. There's a reason why the market is high on the Nittany Lions, as this five-star prospect offers something we haven't seen from the quarterback position at Penn State in quite some time.

However, Penn State is still considered the third option in this market behind Michigan and Ohio State, according to these odds. That could easily change in the coming weeks, as PSU faces Ohio State on Oct. 21. Bettors might be wise to jump on this price for the Nittany Lions before then.

Big Ten championship odds: Fade

Wisconsin (+850 via FanDuel)

Someone needs to win the Big Ten West, and Wisconsin appears to be the early favorite to do so. But consider me skeptical that the Badgers (or anyone in this division) is really worth betting on when the victor of this grouping would be a sizable underdog in the Big Ten title game.

I'd prefer to build a portfolio around Michigan and Penn State at this point in the season.

Recent Big Ten championship winners

Kentucky bettors: Sports betting is here!

Kentucky sports betting launched on Sept. 28 - so sign up with the best Kentucky sportsbook promos now! And check out our list of the best Kentucky sports betting apps!

21+ and present in KY. Gambling Problem? Call 1-800-GAMBLER

College football odds pages

Big Ten championship FAQs

Who is the favorite to win the Big Ten championship?

The Michigan Wolverines are the favorites to win the Big Ten championship game.

Who won the Big Ten championship last year?

The Michigan Wolverines defeated the Purdue Boilermakers in the 2022 Big Ten championship game.

When will the Big Ten championship be decided?

The 2023 Big Ten championship game will be decided on Saturday, Dec. 2. The game is slated to begin at 8 p.m. ET.

Where will the Big Ten championship take place?

The 2023 Big Ten championship game will take place at Lucas Oil Stadium in Indianapolis, IN. The game will be broadcasted on FOX.

Here are our best college football betting sites:

• Caesars Promo Code: SBRBONUS1000 | Read our Caesars Review
• BetMGM Bonus Code: SBRBONUS | Read our BetMGM Review
• bet365 Bonus Code: SBRBONUS | Read our bet365 Review
• BetRivers Promo Code: SBRBONUS | Read our BetRivers Review
• FanDuel Promo Code | Read our FanDuel Review
• DraftKings Promo Code | Read our DraftKings Review

(21+. Gambling Problem? Call 1-800-GAMBLER)
* Bonuses not applicable in Ontario.

Related pages

• Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)