On Thursday, Bovada updated its odds for divisions and conferences across the nation. The Nittany Lions still land among favorites for the Big Ten East and Big Ten Conference, though Ohio State leads the way with insane 21/20 odds (bet $20 to win $21) for the division and 3/2 odds to take the conference. As you can see below, it's clearly a four-team race for the division.
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It's more of the same for the conference odds, with the exception of Wisconsin. To be honest, the Badgers odds will probably fall, as 15/4 is no great incentive with the strength of the East. For reasons unbeknownst to me, Penn State and Michigan have the same odds to win the division, but Michigan has better odds to win the conference. Both teams have Wisconsin at home as one of their western crossovers.
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The other Power 5 conferences have similar run-away choices at the top with Clemson (1/2), Alabama (5/7), Washington (21/20), and Oklahoma (7/5). The Joe Moorhead bump is real with Mississippi State rolling on the recruiting trail, 9/1 odds to win the SEC West, and 15/1 odds to win the conference.