Ohio State Buckeyes Football Betting Odds

There are Ohio State Buckeyes football fans who would love to review odds and bet on games. They will be able to do that since sports betting is legal in Ohio and the Ohio Casino Control Commission announced the official launch date of sports betting in the state: January 1, 2023. Bettors can start brushing up on the best OSU football odds.

Ohioans will have the opportunity to bet on the tail end of the NFL season. More importantly, Buckeye State residents will be able to wager on college sports. That means they’ll be able to put their money on the Ohio State University Buckeyes should they advance to the National Championship, which will be played on Jan. 9, 2023.

Best Sportsbooks for Ohio State Odds

Prospective bettors should focus less on which app is “best” and get in the habit of shopping across multiple apps to find the best prices on the wagers they want to make. Because oddsmakers are constantly tweaking and adjusting prices depending on how the public and sharps are betting, it’s difficult, if not impossible, to pin down one specific book as the one with the “best” odds.

Bettors are likely to consistently find quality betting prices at three of the sportsbooks ticketed for Ohio: DraftKings Sportsbook, FanDuel Sportsbook, and Betfred Sportsbook. There will be more platforms that reach the Ohio market in time, but bettors can wager with confidence starting with a rotation of those three mobile sportsbook apps. Each offers a smooth user experience and a deep menu of sports. 

Is It Legal To Bet On College Sports In Ohio?

It is legal to bet on college sports in Ohio. That’s great news. The not-so-great news is that with a Jan. 1, 2023, launch date, the only Ohio State football game fans will be able to wager on is the national championship. The Buckeyes own favorable odds across the industry’s top sportsbooks to win it all, so Buckeyes backers may ultimately get their first taste of college football betting.

Ohioans will still be able to wager on March Madness, one of the most popular sports betting events on the sports calendar. Some states restrict residents from betting on college sports, so Ohio’s stance on college sports betting was one of the details on which Ohioans were keeping tabs. While the ability to bet on college sports is great news for many, the Ohio State University is hoping there will be some limitations on collegiate sports betting.

Where Can You Bet On OSU Football?

While sports betting is legal in Ohio, sports fans and bettors won’t be able to make wagers until Jan. 1, 2023. Ohio is expected to grant licenses to a large number of operators, giving prospective bettors plenty of options from which to choose and multiple welcome bonuses to take advantage of. In addition to mobile sportsbook apps, Ohio will have retail locations as well.

It’s been confirmed that DraftKings Sportsbook, FanDuel Sportsbook, and Betfred Sportsbook will hit the Ohio market. It’s reasonable to expect Caesars Sportsbook to join the mobile fray as well. They forged a partnership with the Cleveland Cavaliers that will see a retail sportsbook location built-in Rocket Mortgage FieldHouse.

Time will tell what mobile and retail sportsbooks the final list includes, but Ohioans are almost certain to have a plethora of retail options throughout the state’s most prominent cities.

How NCAA Football Odds Are Calculated

Oddsmakers spend a great deal of time and care putting together the odds and prices for the sports bets they offer. Among the most popular odds to bet are called moneyline odds. These are bets in which the number, such as odds, price, etc., is accompanied by a minus (-) sign to indicate the favorite or a plus (+) sign to indicate the underdog.

For instance, in a football game in which the Ohio State Buckeyes are favored to win, their moneyline odds may be -180. In this case, a bettor will be required to put up $180 for the chance to net $100 in the event of a Buckeyes victory. 

If the Buckeyes are the underdog in a particular matchup — a rare occurrence — their odds may be +110. In this scenario, a bettor would put up $100 for the opportunity to net $110 for a Buckeyes victory. Bettors may not see Ohio State drawing plus-money odds until the College Football Playoff or a trip to the National Championship if even then. 

Sportsbooks set the opening lines, relying on a variety of factors to arrive at a particular number. Most commonly, odds are adjusted in relation to the money being bet on a particular side so the books can position themselves to land on the winning side. However, there are instances, such as an injury to a prominent player, where a significant line movement is warranted.

What Kinds Of Bets Can Be Placed On Ohio State Sports?

Ohio State Buckeyes fans can gamble on a number of different types of single-game bets. While some of this may be a little overwhelming for those making their initial entry into the betting market, a little time, patience, and practice will help new bettors grasp the various bet types without too much difficulty.

Totals (aka “Over/Under”)

A bettor can wager on the total score of a game finishing “over” or “under” the set number. If a particular game has an over/under of 80.5, a fan betting on the ‘over’ will want to see the Buckeyes and their opponent combine for at least 81 points.

Point Spread

A point-spread bet takes a money line wager a step further. It requires a team to “cover” a set line. For example, if the Buckeyes’ line is set at -12.5, they will need to win their game by a margin greater than 12.5 points. In reality, that means they need to win by 13 in order to cover the 12.5-point spread. Conversely, if the Buckeyes are an underdog at +2.5, they’ll need to lose by no more than 2 points in order to cover.

Again, when it comes to the Buckeyes, they’re unlikely to receive underdog odds — on the moneyline or spread — until their final few games of the season. If at all. A 35-22 victory at -12.5 covers the spread. A 35-23 victory does not. Losing 35-33 at +2.5 covers the spread. Losing 35-32 does not.

Parlay Bets

In a parlay, a bettor will choose multiple bets for one ticket and each will need to hit in order for the parlay to pay off. The potential winnings from a parlay are greater because the risk increases as more bets are added to the ticket. This is why bettors are encouraged to treat these as strictly recreational, as in a few bucks here, a few bucks there. It’s fun to dream of cashing on the lengthened odds created by adding multiple legs to a betting ticket. However, if a single bet on a parlay loses, even by half a point, the entire ticket goes down with it.

What is an NCAA Futures Bet?

Different from an individual game, a futures bet commonly focuses on the odds of a team winning a championship, i.e. the Buckeyes’ National Championship (football) odds are +450 at DraftKings and +500 at FanDuel. Futures odds are set following the conclusion of the previous season. These odds will fluctuate throughout the offseason and season based on a number of factors. A string of injuries or a suspension to a key player or players can lead to a shift in these odds.

How To Place Prop Bets On The Buckeyes

A prop bet is a wager placed on the occurrence of a particular event that doesn’t necessarily affect the outcome of a game. It can be tied to an individual player, such as an over/under on the receptions or yards a player will total, or it can be team-focused like which team will score first. There is a wide variety of prop bets from which bettors can choose. A good place to start for player props is each individual sportsbook app. 

How To Bet On Ohio State In Ohio

Mobile betting will arrive in the Buckeye State on Jan. 1, 2023, making now a great time to discuss the steps prospective bettors will take en route to placing their first wagers.

The first step is to choose a sportsbook and download the app. Both Android and iPhone users will be able to find their app of choice in their respective app stores. We know DraftKings Sportsbook, FanDuel Sportsbook, and Betfred Sportsbook will make their way into the Ohio market when its betting industry launches. Each one is an attractive platform for bettors to use.

Once an app is downloaded, the user will be required to register. This will include the sharing of certain personal info that’s required to ensure each user is eligible to place legal sports bets in the state. After someone is registered, money needs to be deposited into his or her account. Most books offer a variety of deposit methods, including PayPal, online bank transfers, and other electronic transfers.

Finally, it’s time to browse the app for your desired bet and place a wager.

How To Bet On The College Football Playoff In Ohio

Sportsbooks don’t waste much time releasing futures odds for upcoming championships. Many of the top sportsbooks release next season’s championship futures moments upon the conclusion of that season’s title game.

Ohio State fans and bettors can place futures bets on the Buckeyes at multiple shops. The elite programs often don’t see too much movement in their futures odds short of a significant event, such as an injury, suspension, etc., so bettors aren’t likely to see Ohio State’s odds stretch to a degree that would make them a “dark horse”. Bettors looking for a little variety can also bet on regular-season wins, odds for a team to win 10-plus games, division winners, and conference winners.

For those interested in player-specific wagers, many books have Heisman Trophy futures available as well. Ohio State quarterback CJ Stroud is considered the favorite to take home college football’s most prestigious individual accolade. Finally, even if the Buckeyes aren’t among the championship contenders, Ohio bettors can still bet on the action — though, they simply may not want to if the Buckeyes aren’t present.

OSU Football Odds FAQ

How popular is betting on the Ohio State Buckeyes?

While there are plenty of college and professional teams to root for and bet on in Ohio, the Ohio State Buckeyes may be the flagship team of the state. Betting on the Buckeyes will be immensely popular when sports betting launches on Jan. 1, 2023 — just in time for the College Football Playoff.

Does Ohio State have a partnership with a sportsbook?

Ohio State does not have a partnership with a sportsbook at this time. While professional sports teams have forged partnerships with sportsbooks, it remains to be seen how college institutions will approach similar relationships.

Where can I bet on the NCAA National Championship in Ohio?

Sports betting will launch in Ohio on Jan. 1, 2023, before the National Championship. Ohioans will have the ability to bet via mobile sportsbook or retail brick-and-mortar location. The mobile sportsbook entrants will provide bettors who want to wager from the comfort of their own home with plenty of options through which to place national championship wagers.

Who has the best National Championship odds on Ohio State?

Odds are fluid and will often fluctuate over the course of a season and offseason, so bettors shouldn’t get locked into one single book for the “best” odds. With that said, DraftKings and Caesars recently were both offering Ohio State at +450 to win the National Championship.

Is DraftKings legal in Ohio?

Yes. DraftKings is legal in Ohio, and it is officially set to launch on Jan. 1, 2023, with Ohio’s sports betting industry. DraftKings is one of the premier sportsbook brands in the sports betting industry, and Ohioans will find that it delivers a quality user experience.

Does DraftKings offer odds on Ohio State?

Yes. DraftKings offers a deep array of college football odds and lines. Bettors can wager on both National Championship futures and Heisman Trophy futures, such as for the Ohio State quarterback CJ Stroud. DraftKings also offers odds on conference title odds, such as Ohio State winning the Big Ten.

About the Author

Craig Williams

Craig Williams is a Charlotte-based sportswriter who has worked professionally in the gaming, fantasy, and sports business industries. He’s an avid fantasy football player, managing over 100 leagues across multiple formats. When he’s not pouring over Vegas odds and statistics, he’s indulging in soccer and enjoys anything from LigaMX to Champions League.