The Big Ten Championship game has a surprise entrant. Penn State has crashed the party after Ohio State fell to rival Michigan on Saturday. The Nittany Lions had +3000 odds to win the Big Ten title game late last week. Penn State currently has +145 moneyline odds to upset the Ducks. Oregon is a -3.5 betting favorite and the game has a total of 49.5. See more Penn State versus Oregon betting odds and information below.
Big Ten championship odds
| Big Ten Championship odds |  |
 |
 |
|---|---|---|---|
 Oregon |
<-3.5 (-110)> | <-3.5 (-110)> | <-3.5 (-110)> |
 Penn State |
<+3.5 (-110)> | <+3.5 (-110)> | <+3.5 (-110)> |
Big Ten championship favorite
Oregon (-3.5 Big Ten Championship odds)
Oregon is a -3.5 betting favorite against Penn State. That point spread comes as no surprise considering the Ducks are a perfect 12-0 on the season. Oregon is 6-6 against the spread so far this season. Penn State is also 6-6 ATS.
Recent Big Ten conference champions
| Season | Big Ten Champion | Runner-Up |
|---|---|---|
| 2023 |  Michigan Wolverines |
 Iowa Hawkeyes |
| 2022 | Michigan Wolverines |
 Purdue Boilermakers |
| 2021 | Michigan Wolverines |
Iowa Hawkeyes |
| 2020 |  Ohio State Buckeyes |
 Northwestern Wildcats |
| 2019 | Ohio State Buckeyes |
 Wisconsin Badgers |
| 2018 | Ohio State Buckeyes |
Northwestern Wildcats |
| 2017 | Ohio State Buckeyes |
Wisconsin Badgers |
| 2016 | Penn State Nittany Lions |
Wisconsin Badgers |
| 2015 | Michigan Wolverines |
Iowa Hawkeyes |
Understanding college football futures odds
Sportsbooks release college football futures odds pretty much as soon the clock hits zero in the previous season's National Championship Game. There are many ways to wager on NCAA football futures but we'll use picking the outright winner of the National Championship — definitely the most popular — as our example.
During the offseason and preseason, you'll be able to get a plus-money price on basically any team in the nation as there is so much uncertainty around what will happen next year.
NCAA football championship odds will usually look like this:
- Alabama Crimson Tide +125
This means that on a $100 bet, you'll stand to win $125 if the Crimson Tide win the national title. If it's close to the end of the regular season and there is a particularly dominant program, you might see that a team has a minus sign (-) ahead of its odds.
- Georgia Bulldogs -145
This means that if you bet on Georgia, you would need to bet $145 to profit $100 if the Bulldogs won the championship.
Of course, futures odds are a fluid market. They can change every day based on news, injuries, suspensions, transfers, etc. In college football there generally isn't too much movement in the futures market during the offseason, but once the season begins, look for huge changes week-to-week based on wins and losses.
All the odds seen above are in American format. Should you find decimal format or fractional format easier to read, simply convert the odds with our easy-to-use odds converter tool.
Popular college football futures markets
Big Ten Championship Odds FAQs
The Ohio State Buckeyes are +150 favorites to win the Big Ten title in 2024.
Michigan won last year's Big Ten Championship, 26-0 over Iowa.
Michigan leads the all-time title count with 45.
