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Ohio State Buckeyes running back TreVeyon Henderson gets a block from offensive lineman Josh Fryar during the second half against the Western Kentucky Hilltoppers. The Buckeyes lead the Big Ten Championship Odds.
Ohio State Buckeyes running back TreVeyon Henderson gets a block from offensive lineman Josh Fryar during the second half against the Western Kentucky Hilltoppers. Photo by Adam Cairns/Columbus Dispatch/USA TODAY NETWORK via Imagn.

The Big Ten has long been dominated by Michigan and Ohio State. While the Buckeyes remain the favorites to win the conference championship across our best college football betting sites, there's a new contender in town.

Despite three straight titles, Michigan isn't in the top three by the Big Ten Championship odds. Instead, with Jim Harbaugh off to the NFL, newcomer Oregon is slotted behind Ohio State.

Both the Buckeyes and Ducks are viewed as favorites by the college football championship odds, and even Penn State has shorter College Football Playoff odds than the Wolverines.  Could all four programs qualify for the postseason?

Ultimately, it looks like it will be a two-team race in the Big Ten, with Ryan Day adding all kinds of talent to bolster Ohio State's roster. Dan Lanning also owned the transfer portal, with the addition of a Heisman odds favorite at QB.

Big Ten Championship odds 2024

Big Ten Championship odds from our best sports betting apps as of July 10 | 🔥 = best odds | ❄️ = worst odds

Ohio State+155+155 +150 ❄️
Oregon+215 🔥+210+200 ❄️
Penn State+500+500 +450 ❄️
Michigan+600+750 🔥+550 ❄️
USC+2200+2000 ❄️+2500 🔥
Iowa+4000+4000+2800 ❄️
Nebraska+5500+5500+6000 🔥
Wisconsin+6500+6500+8000 🔥
Washington+8000 +8000+6000 ❄️
Maryland+10000+10000 +8000 ❄️

2024 Big Ten Championship favorites

Ohio State (+155)

It's been a long few years for Buckeyes fans as Day failed to defeat Michigan for three straight seasons. But the coast finally appears clear for Day with Harbaugh gone, along with several key pieces from the Wolverines' championship season.

To make the Buckeyes an even more appealing Big Ten Championship bet, Ohio State brought back more than half a dozen players who were considering making the leap to the NFL.

Leading them are All-American candidates wide receiver Emeka Egbuka and pass rushers J.T. Tuimoloau and Jack Sawyer. 

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Ohio State didn't just recruit well but also took full advantage of the transfer portal.

The Buckeyes added two top-10 portal players, safety Caleb Downs and running back Quinshon Judkins. And maybe most importantly, Day got an experienced QB in Kansas State transfer Will Howard, a potential riser by the 2025 NFL Draft odds.

With the defense returning so much talent and Day's offense always being among the best in the country, Ohio State is certainly the best team on paper in the Big Ten.

They also get Michigan at home this year but play Oregon on the road. Still, it's hard to imagine the Buckeyes not making the championship game. A $10 winning bet pays a $15.50 profit.

Best odds: +155 via DraftKings | Implied probability: 39.32%

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Oregon (+215)

The most dangerous of the new members added by the Big Ten from the now-defunct Pac-12, Oregon is a legit title contender this season. Lanning reportedly turned down the Alabama opening to lead the Ducks into their new conference, and he has one of the most talented rosters in the country.

He replaced first-round pick Bo Nix at QB with Oklahoma transfer Dillon Gabriel and got him a shiny new toy in Texas A&M transfer Evan Stewart.

Stewart joins an already loaded pass-catching room that Gabriel and his 151 total collegiate TDs should be capable of taking advantage of this season. 

If that doesn't sound impressive enough, Lanning's defense should be even better than the offense. Oregon returns several future NFL players, led by defensive lineman Jordan Burch. And the Ducks' third-ranked transfer portal class is headlined by cornerbacks Jabbar Muhammad and Kam Alexander.

As long as Gabriel keeps playing the way we've seen him play at Oklahoma and UCF, the Ducks have the talent around him to thrive - the offensive line might be the secret weapon, too. I like this Oregon roster a lot, but I don't love these odds. A $10 bet does pay a $21.50 profit, though.

Best odds: +215 via DraftKings | Implied probability: 31.75%

Penn State (+500)

It's hard to find a power conference team benefitting more from playoff expansion than Penn State. James Franklin's team always seems to be in the mix but never seems to crack the conversation of being a top-six team in the country.

That's why I'm not confident in them winning the Big Ten.

Sure, they'll probably be in the playoffs, but this team will need QB Drew Allar to live up to his five-star billing if it's going to compete with Ohio State and Oregon.

As talented as Allar is, he leaves much to be desired. And wide receiver still looks like an issue despite the addition of Julian Flemming (Ohio State).

Defensively, Penn State has brought in former Indiana head coach Tom Allen to replace Manny Diaz as defensive coordinator. Allen inherits a loaded group with two potential first-round picks on the D-line (Abdul Carter, and Dani Dennis-Sutton).

But can this defense—specifically the secondary—hold up against the Buckeyes' and Ducks' offenses if they reach the championship game? One bonus is that they avoid both Oregon and Michigan during the regular season.

A $10 winning bet on these odds pays a $50 profit. 

Best odds: +500 via FanDuel | Implied probability: 16.67%

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My Big Ten Championship team to watch

Michigan (+750)

Harbaugh's gone, J.J. McCarthy's gone, Blake Corum's gone, and 11 other Wolverines were selected in the 2024 NFL Draft. The cupboard should be bare, but it's not, and new head coach Sherrone Moore already beat Ohio State as acting head coach when Harbaugh was suspended.

While Michigan will have plenty of new faces starting this season, the Wolverines still have a ridiculously talented roster.

On offense, tight end Colston Loveland and running back Donovan Edwards are considered two of the country's best. On defense, Michigan has two potential top-10 NFL draft picks in Mason Graham and Will Johnson.

Obviously, the big question is whether Alex Orji, Davis Warren, or Jack Tuttle will quarterback the offense.

The best case is Orji, with his athleticism being an X-factor. Regardless, the Wolverines should be able to run the ball, and they have arguably the best defensive line in the country.

Between Graham, Kenneth Grant, Josaiah Stewart, and Derrick Moore, Michigan can wreck game plans.

That's enough for me to believe in them more than Penn State, and these odds at FanDuel represent good value. A $10 winning bet pays a $75 profit.

Best odds: +750 via FanDuel | Implied probability: 11.76%

2024 Big Ten Championship odds over time

Odds via DraftKings.

TeamOpening odds (April 30)July 12
Ohio State+150+155
Penn State+550+500
Michigan State+12000+20000

Past Big Ten Championship winners

YearTeamPreseason odds
2020Ohio State-225
2019Ohio State+160
2018Ohio State-110
2017Ohio State-140
2016Penn State+6000
2015Michigan State+800
2014Ohio State+300

How to bet on the Big Ten Championship

When betting on Big Ten Championship odds, first, choose a reputable sportsbook that offers college football futures. Check out the odds for different teams; for example, if Ohio State has +300 odds and Oregon has +600, a $100 bet on Ohio State 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 Ohio State 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 futures 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 Ten Championship odds

Reading Big Ten 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 Michigan has +300 odds and Penn State has +600 odds, Michigan is considered more likely to win. If you bet $100 on Michigan 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 Ten championship FAQs

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

Ohio State is the favorite to win the 2024 Big Ten Championship with odds as low as +150, representing an implied win probability of 40%.

How is the Big Ten Championship game determined?

Along with the Big Ten expanding to 18 teams, it will be moving on from the divisional format that it had used for more than a decade to determine the championship game.

The championship game will now feature the top two teams in the conference standings based on winning percentage.

When is the Big Ten Championship game? 

The Big Ten Championship will be played Saturday, Dec. 7, at Lucas Oil Stadium in Indianapolis, Ind.

Who won the Big Ten Championship last year?

The Michigan Wolverines secured a 26-0 victory over the Iowa Hawkeyes in the 2023 Big Ten Championship game.

College football odds pages

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