Ohio State looked like it might return to the top of the Big Ten in 2023, but Michigan — for the third year in a row — had other plans.
With that said, the work is all but done for the Wolverines if you look at the college football odds.
We break down their title game opponent and more in our full Big Ten title odds below.
Odds to win the Big Ten championship
Favorites to win the Big Ten championship
Michigan Wolverines (-2,500)
The Michigan Wolverines are eyeing a third straight conference championship after running the table in Big Ten play this season — including a 30-24 win over No. 2 Ohio State last weekend.
Physicality and a dominant run game have allowed them to cruise to the title in each of the last two years, and with so much of last year's core still intact, it's not shocking to see them listed as heavy favorites against a lackluster Iowa offense.
Iowa Hawkeyes (+1,100)
Say what you want about the Big Ten West, the Iowa Hawkeyes and their historically low totals have put themselves in position to compete for a conference title.
The Hawkeyes are 10-2 and have already clinched the division, but will they stand a chance against the back-to-back defending Big Ten champs?
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Recent Big Ten conference champions
| Season | Big Ten Champion | Runner-Up |
|---|---|---|
| 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 Football Championship Odds FAQ
Michigan won last year's Big Ten Championship, 43-22 over Purdue.
Michigan's current odds are the top choice at -110.
Michigan leads the all-time title count with 44.
