The college football season is almost here, and a new-look Big 12 conference comes with it. Here, we will break down the 2023 Big 12 Championship odds and offer our best pick to win the conference.
With Big 12 media days this week, there are a lot of storylines heading into the 2023 Big 12 season. First, the additions of Cincinnati, UCF, BYU, and Houston add plenty of intrigue to the Big 12 this year. Secondly, this is the last season before Texas and Oklahoma split for the SEC, meaning the role for the top spot in the Big 12 could be up for grabs.
Last season, the Kansas State Wildcats (+650, Caesars Sportsbook) won its first out-right Big 12 Championship since 2003, knocking off the National runner-up TCU in a thrilling game. While the Wildcats are third in Big 12 Championship odds, the Texas Longhorns are unanimously favored across the top US sports betting apps, with BetMGM offering the best price at +120.
Read more: 2023 College Football win total predictions | 2023-24 CFP National Championship odds
Odds To Win 2023 Big 12 Championship
Here are the Big 12 Championship odds from some of our favorite mobile sportsbooks.
| Team | FanDuel | DraftKings | BetMGM: Bonus Code (TODAY) | Caesars: Promo Code (TODAYFULL) |
|---|---|---|---|---|
| Texas | +105 | +105 | +120 | +100 |
| Oklahoma | +380 | +340 | +325 | +300 |
| Kansas State | +500 | +500 | +500 | +650 |
| Texas Tech | +1100 | +1200 | +900 | +1000 |
| Baylor | +1600 | +1800 | +2000 | +1800 |
| TCU | +2100 | +1600 | +2000 | +1400 |
| UCF | +3500 | +3500 | +2500 | +2800 |
| Iowa State | +4000 | +8000 | +5000 | +2500 |
| Kansas | +4800 | +3500 | +5000 | +4000 |
| Oklahoma State | +5000 | +4000 | +4000 | +2800 |
| Cincinnati | +7000 | +12000 | +8000 | +6000 |
| West Virginia | +7000 | +15000 | +10000 | +8000 |
| BYU | +10000 | +8000 | +8000 | +6000 |
| Houston | +12000 | +20000 | +10000 | +12500 |
Betting Favorites To Win Big 12 Championship
Kansas State avenged a regular-season loss to TCU in the Big 12 Championship game, winning 31-28 in OT. With their conference championship victory, the Wildcats are now tied for the second-most Big 12 Championships with Baylor and Texas.
While they will have to fill in some significant areas of production, this is still a really talented team, as the betting odds indicate. They sit just behind Texas and Oklahoma for odds to win the Big 12 Championship, and there is a significant drop off in odds behind them.
The Longhorns have a lot of momentum entering this season, especially at quarterback. Early in the Alabama loss, Texas lost Quinn Ewers, and even after his return later in the season, you could tell his shoulder injury handicapped his play. Even then, Texas had one of the best teams in terms of talent in the country, and a healthy Ewers could be the key to unlocking their full potential.
Meanwhile, the Oklahoma Sooners are coming off a brutal first season under head coach Brent Venables. The Sooners had its first losing season since 1998, and they looked outmatched in a lot of games, especially against Texas in the Red River Shootout where they lost 49-0.
Like Texas, however, the Sooners also hit the portal hard, replaced some starters on defense, and added some help on the offensive line. This is still one of the most talented rosters in the country, which is why they are second in odds to win the Big 12 (+380, FanDuel), but there are still a lot of questions about this team, especially on offense.
Conference previews: Big 10 odds | Pac 12 odds | ACC odds
Texas Longhorns (+120, BetMGM)
Although it was a disappointing 8-5 season for the Longhorns last year, there is a lot of hype around this team to win the Big 12 and contend for a spot in the College Football Playoffs. This season, Texas is returning all five starters on the offensive line, and Ewers will have one of the most talented skill rooms in the country, with All-American receiver Xavier Worthy and tight end Ja’Tavion Sanders.
While the defense has some questions, especially with the departure of DeMarvion Overshown, they are returning six starters and added a few transfers in the secondary in Gavin Holmes and Jalen Catalon. The defense was not very good against the pass last season, allowing teams to complete 63% of their passes, so adding some production to an already experienced unit should give this team a bump in the passing game.
Texas has not won the Big 12 since 2009, and a large reason for that was the dominance of Oklahoma over the last 20 years. This is the most talented Texas team we have seen since their last Big 12 Championship, and they are rightfully favored to win the conference this season.
Oklahoma Sooners (+380, FanDuel)
A large part of setting college football odds is team talent. Despite a down season for Oklahoma last year, they still have one of the best rosters in the country, and they added to it this offseason with yet another impressive recruiting class and some of the top players in the transfer portal.
They are returning six starters on defense with a few transfers, most notably Dasan McCullough from Indiana and Rondell Bothroyd from Wake Forest. This should help a defense that ranked 122nd nationally last season, but for a coach known for producing elite defenses, the first year of the Venables era was shocking to watch.
Offensively, Oklahoma is bringing back Dillon Gabriel to take the snaps, and they added a few pass-catching transfers in Austin Stogner and Andrel Anthony to go along with an impressive transfer class of offensive linemen.
This should be a much improved Oklahoma team, especially with the easy schedule they were lucky to get. But the issues on both sides of the ball are still there, and they could be in for another rough season.
Kansas State Wildcats (+650, Caesars Sportsbook)
The defending Big 12 Champions may have lost more production than anyone in the conference. While they were able to figure out the quarterback position early last season when Will Howard took over for Adrian Martinez, they lost star running back Deuce Vaughn and edge rusher Felix Anudike-Uzomah to the NFL Draft.
Luckily, the offense clicked with Howard under center, and they are returning the majority of their offensive line, including preseason All-American Cooper Beebe. The offensive line is arguably one of the best in the nation, and they have a very talented skill room led by Florida State transfer running back Treshaun Ward.
Defensively, they need to get much better in the secondary, as there is little returning experience in the defensive backfield. Upfront, they are very strong and experienced, but the loss of Anudike-Uzomah may be huge as he was one of the nation’s top edge rushers.
Still, this offense is as good as anyone in the Big 12, and if the defense gets some help from its youth, Kansas State will be in a good spot to repeat as Big 12 Champions.
2023 Big 12 Championship Pick
Texas Longhorns (+120, BetMGM)
Although Oklahoma is much improved from last season and Kansas State looks like it will be a threat to win again this year, no team in the conference matches Texas’ talent level on either side of the ball. Even with the new additions to the Big 12, Texas is a clear leader to win the conference, and it all starts with the quarterback.
Ewers looked great before the injury against Alabama, especially with an inexperienced offense. Afterward, Texas struggled to get the offense rolling, which led to many crushing losses, especially against TCU where the Longhorns were seven-point favorites at home.
Even though the defense still has some questions, they did a great job in the transfer portal addressing some concerns, which should be enough to cover any holes in this unit. There is no offense outside of Texas Tech and Kansas State that could realistically keep up with Texas in the Big 12 this season, and based on previous seasons, the Big 12 Champion usually goes to the team with the most explosive offense.
For the 2023 season, that team is Texas, and they should win the Big 12 in their last season in the conference before joining the SEC.
Big 12 Championship History
Here is a list of the last 10 Big 12 Champions and their odds heading into the season, via SportsOddsHistory.com:
Year Team Odds
2022 Kansas State +1200
2021 Baylor +5000
2020 Oklahoma +150
2019 Oklahoma -140
2018 Oklahoma +120
2017 Oklahoma +100
2016 Oklahoma -112
2015 Oklahoma +600
2014 Baylor +250
2013 Baylor +1400
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Big 12 Championship Odds & Predictions FAQs
The Texas Longhorns are favored to win its first Big 12 Championship since 2009.
Since 2017, the Big 12 Championship game has been played at AT&T Stadium, home of the Dallas Cowboys.
The Oklahoma Sooners have won 11 Big 12 Championships, with Texas behind them at six.
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