College football is coming in hot. Camps are heating up, and we’re only 31 days until the season starts. I’m pumped, you’re pumped, we’re all pumped. With the start of college football season also means fans are unloading their wallets on teams to win the national championship.
As of today, Ohio State is a 12/5 odds on favorite to repeat as national champions. That’s fair given what they did at the end of last season. If you were to compile your top five list of the most bet-on teams, they would probably include the usual suspects: Ohio State, Bama, Oregon, TCU, and Baylor. You’re a smart gambler; you like to actually bet on something that is likely to happen. However, it seems like America is full of idiots. Take a look at the top five from Las Vegas SuperBook:
Top 5 by money bet to win national title @LVSuperBook: 1. Ohio St (4x more $ than Bama) 2. Alabama 3. Auburn 4. Notre Dame 5. Michigan (
— David Payne Purdum (@DavidPurdum) August 1, 2015
I can understand the top 3, but 4 and 5? Come on, guys. Notre Dame is perennially that team everyone thinks is going to be good, and ends up going 8-4 or 7-5 despite having a cake schedule.
And Michigan? No offense to Jimmy H, but they are a few years from being real contenders. That’s just the cycle of having to rebuild a team.
The rule of thumb here is that sometimes it’s a good idea to make an educated bet on a team with long odds, but never bet on your team just to show loyalty. That’s why I’m taking TCU and Baylor to cover whatever the spread is against my SMU Mustangs. It could be 50 and I’m still confident they’ll beat us by 70..
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