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Big 12 Basketball Vegas Odds

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BALTIMORE - MAY 21: A man places a bet prior to the 136th running of the Preakness Stakes at Pimlico Race Course on May 21, 2011 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)
BALTIMORE - MAY 21: A man places a bet prior to the 136th running of the Preakness Stakes at Pimlico Race Course on May 21, 2011 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)
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We do not condone gambling at Big 12 Hoops, but we do like to look at what Vegas thinks about Big 12 basketball. We also like to tell ourselves that we know more than them and lay money down in hopes that we do. So go ahead and call that gambling if you will, but we like to refer to it as ‘retirement savings.'

With that said, below are the odds Bodog has put on the Big 12 schools to win the national championship. Though the Kansas Jayhawks have the best odds in the conference, they have only the 11th best odds in the nation. The North Carolina Tar Heels are the odds on favorites to win at 7/2.

The interesting thing about these odds are how different they are than the coaches preseason conference standings, most notably the Texas Longhorns, who were picked to finish fifth in conference, yet have the second best odds amongst Big 12 teams. Also the Texas A&M Aggies, who were picked as co-conference champs, have the fourth best odds, tied with K-State, who was picked to finish sixth.

Kansas Jayhawks 25/1
Texas Longhorns 28/1
Baylor Bears 35/1
Kansas St. Wildcats 60/1
Texas A&M Aggies 60/1
Missouri Tigers 100/1
Oklahoma Sooners 100/1
Oklahoma St. Cowboys 100/1
Texas Tech Red Raiders 200/1
Oddly, the Iowa St. Cyclones had no odds on them.

A simple explanation on how to read the odds is after The Jump.

Reading The Odds

Simply stated it will take you the number on the right to win the number on the left. So for KU, it will take $1 to win $25 if KU cuts the nets. Likewise it will take $1 to win $200 if Tech does. For Carolina, it will take $2 to win $7.