Boom or bust: Bettors throwing heavy money on Colorado football despite long odds

Jul 10, 2024; Las Vegas, NV, USA; Colorado Buffaloes head coach Deion Sanders speaks to the media during the Big 12 Media Days at Allegiant Stadium.

Deion Sanders and the Colorado football team have the opportunity to make a lot of people a ton of cash in 2024.

The Buffaloes are the most-bet team to win the Big 12 this season, according to BetMGM.

No, seriously.

Thirty percent of money at BetMGM is on Colorado to win the conference after going 1-8 in the Pac-12 (4-8 overall) a year ago.

Oddsmakers certainly don’t agree with that 30%, giving the Buffaloes the 11th-best odds (+3000) to win the Big 12. That aligns with the 11th-place finish predicted for Sanders and Colorado by Big 12 football media members who voted on the conference’s preseason poll.

Odds to win Big 12 this year at #BetMGM

Kansas St +350
Utah +350
Ok State +700
Kansas +800
UCF +900
Iowa St +1000
Texas Tech +1000
Arizona +1400
TCU +2000
WVU +2000
Colorado +3000
All other teams +6000 or longer odds

30% of money (most) is on @CUBuffsFootball to win pic.twitter.com/gEe8NmY7Kd

— John Ewing (@johnewing) July 24, 2024

Those are some juicy odds, though, especially when one considers how Sanders has improved the offensive line and defensive side of the ball with talented transfers to go along with a pair of projected first-round NFL draft picks.

And although the Buffs play each of the three teams with the best odds to win the Big 12 this season — Kansas State (+350), Utah (+350) and Oklahoma State (+700) — each of those games will be in Boulder at Folsom Field.

Colorado football bettors might be on to something. Or they might be dead wrong.

It’s the beauty (and pain) of gambling.

2024 Colorado football schedule

Aug. 29 (Thursday): Vs. North Dakota State, 6 p.m. MT on ESPN

Sept. 7: At Nebraska, 5:30 p.m. MT on NBC

Sept. 14: At Colorado State, 5:30 p.m. MT on CBS

Sept. 21: Vs. Baylor…

Source link : https://sports.yahoo.com/boom-bust-bettors-throwing-heavy-201648108.html

Author : The Coloradoan

Publish date : 2024-07-24 20:16:48

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