Ohio State Buckeyes Football Betting Odds

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There are Ohio State Buckeyes football fans who can’t wait to compare odds and bet on games. They can now do that since sports betting is legal in Ohio when it launched on January 1, 2023. Bettors can now start brushing up on the best OSU football odds.

For the latest Ohio State football team news and betting information, check out the Ohio sports betting page.

Best Sportsbooks for Ohio State Odds

No single sportsbook will offer the best odds on every game or outcome. 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 odds 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 Caesars 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. 

Ohio State Buckeyes Football Odds at the Best Sportsbooks

Expectations were sky high for Ohio State in 2022. The Buckeyes started the season 8-0 before hitting a speed bump in the loss to Michigan. Ohio State still managed to make the College Football Playoff, and they lost their semifinal to eventual national champion Georgia 42-41, as the Bulldogs won their second straight title. Ohio State is a program that tends to reload every year, and they will be looking to win the title next season.

Here are odds of the Buckeyes winning the national championship next year:

Is It Legal To Bet on College Sports in Ohio?

It is legal to bet on college sports in Ohio. With a Jan. 1, 2023 launch date, fans in Ohio just missed out on the chance to bet on Ohio State’s College Football Playoff semifinal against Georgia that was played one day earlier on Dec. 31, 2022. The Buckeyes lost a last-second thriller to eventual national champion Georgia. Ohio State is among the favorites to win the title next year, and fans will have the chance to bet on the Buckeyes all season long in 2023.

Ohioans will also be able to wager on March Madness, one of the most popular sports betting events on the sporting 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, Ohio State University is hoping there will be some limitations on collegiate sports betting.

Where Can You Bet on OSU Football?

Sports betting launched in Ohio on Jan. 1, 2023, and a number of sportsbooks have set up shop in the state. 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 the near future. In addition to mobile sportsbook apps, Ohio has retail locations as well.

DraftKings Sportsbook, FanDuel Sportsbook, and Caesars Sportsbook have hit the Ohio market, among others. Caesars Sportsbook forged a partnership with the Cleveland Cavaliers that will see a retail sportsbook location built in Rocket Mortgage Field House.

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.

Ohio State Football Schedule

Despite losing to rival Michigan for the second straight year, Ohio State had a successful 2022 season overall. The Buckeyes made their fifth appearance in the nine years of the College Football Playoff, which is the third most of any school behind Alabama and Clemson. Ohio State came closer to defeating defending champion and top seed Georgia than any team did all year, as their game-winning field goal went wide left to allow the Bulldogs to escape with a 42-41 win.

Ohio State will be looking to win its ninth national championship in 2023, and they are among the current favorites to do so. DraftKings currently lists Ohio State as +750 to win the national championship, which is third behind Georgia (+260) and Alabama (+500) and ahead of Michigan (+1000). Their schedule sets up fairly well, as the Buckeyes should be favored against most if not all of their opponents, and they get Penn State at home.

Ohio State Football Road Tests 

There are two road games that promise to be challenging. The first is when Ohio State travels to South Bend to play Notre Dame on Sep. 23. The Fighting Irish had an up-and-down first season under new coach Marcus Freeman, but they have a lot of talent and are one of Ohio State’s fellow college football blue bloods. This game is sure to attract a lot of betting action.

The other major road test is the final game of the regular season against the aforementioned Michigan Wolverines in Ann Arbor on Nov. 25, two days after Thanksgiving. Ohio State had dominated their rivals in recent years, winning eight straight from 2012 to 2019 and 15 out of 16 since 2004. But Wolverines coach Jim Harbaugh has turned the series in Michigan’s favor with two straight wins en route to consecutive CFP appearances in 2021 and 2022. Buckeyes coach Ryan Day will surely be looking to get his team back in the win column in the series.

2023 Ohio State Football Schedule 

Ohio State will open the 2023 season with a road trip to Indiana on Sep. 2, followed by two non-conference home games against Youngstown State and Western Kentucky before the aforementioned game at Notre Dame. They resume conference play by hosting Maryland and then travel to play at Purdue. They return home for a showdown with Penn State before making road trips to Wisconsin and Rutgers. The final two games prior to the regular season finale with Michigan are both at home against Michigan State and Minnesota.

Should the Buckeyes win the Big Ten East division, they will play in the Big Ten Championship Game, which will be played in Indianapolis on Dec. 2. If Ohio State is selected for the CFP, they will play a semifinal game at either the Rose Bowl or the Sugar Bowl on Jan. 1, 2024. If they win that game, they would advance to the final that will be played in Houston on Jan. 8.

Here is the full regular season schedule for Ohio State. All times are to be announced.

  • Ohio State at Indiana – Sat, Sep 2
  • Youngstown State at Ohio State – Sat, Sep 9
  • Western Kentucky at Ohio State – Sat, Sep 16
  • BYE – Sat, Sep 30
  • Ohio State at Notre Dame – Sat, Sep 23
  • Maryland at Ohio State – Sat, Oct 7
  • Ohio State at Purdue – Sat, Oct 14
  • Penn State at Ohio State – Sat, Oct 21
  • Ohio State at Wisconsin – Sat, Oct 28
  • Ohio State at Rutgers – Sat, Nov 4
  • Michigan State at Ohio State – Sat, Nov 11
  • Minnesota at Ohio State – Sat, Nov 18
  • Ohio State at Michigan – Sat, Nov 25

How NCAA Football Odds Are Calculated

Oddsmakers at sportsbooks create the betting lines for Ohio State football games. They start with an opening line that factors in the relative strength of both teams. Oddsmakers typically rely on their own power rankings and also factor in things like key injuries and the possibility of inclement weather. The opening line is adjusted accordingly based on how customers are wagering on the game.

What Kinds of Bets Can Be Placed on Ohio State Football?

The betting line consists of the spread, moneyline, and total. Let’s examine the odds Caesars offered for the Michigan-OSU game on Nov. 26, 2022. 

DraftKingsPoint SpreadMoneylineTotal
Michigan+8 (-110)+285O 56 (-110)
Ohio State-8 (-110)-365U 56 (-110)

Ohio State was favored by eight points, meaning it needed to win by a minimum of nine points to cover the spread against Michigan. The Wolverines were getting eight points on the spread. They could lose the game by a touchdown and still cover.

Moneyline odds are offered on both teams to win the game. If you were backing the Buckeyes, a $365 bet on the moneyline would be required to win $100. A $100 bet on underdog Michigan would pay out $285 on the moneyline.

The total for this game was 56. You could bet Over or Under that number. The total is the combined number of points scored by both teams. What wagers paid off?

Michigan defeated Ohio State, 45-23. The Wolverines were the right bet on both the spread and moneyline. The total sailed Over 56 with 68 points scored in the game.

Given its dominance, Ohio State was a double-digit favorite in every game this season prior to facing Michigan.

One last note on the betting line: You might be wondering what the -110 odds are on the spread and total. These are standard odds in sports betting. You are betting $11 to win $10 at -110 odds. Sportsbooks charge a fee to handle your bet. This is referred to as the “vig” and it is collected on losing bets. At standard odds of -110, the vig computes to 4.36%.

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. These are inherently harder bets to cash compared to the spread, moneyline, and total, but parlays reward successful bettors with higher payouts. 

We strongly recommend keeping your parlay at a maximum of four legs. If you’re playing a 10-team parlay in the hope of striking it rich, this is more akin to buying a lottery ticket. At standard odds of -110, a four-team parlay rewards bettors with 11-1 odds. So, a $100 bet pays out $1,100 (and your $100 bet back).

Using the result from the Michigan-OSU game above, a $100 two-team parlay on Michigan +8 and Over 56 would have returned $360 ($260 in winnings, $100 bet back).

Use Gaming Today’s free parlay calculator to compute odds, implied probability of winning, and potential payouts for all of your parlay bets.

What Is an NCAA Futures Bet?

Futures odds are offered on championship-deciding events such as the World Series in baseball and Super Bowl in football. For the purposes of betting on the Buckeyes, let’s examine futures odds on the favorites to win the national championship. These odds are from DraftKings.

TeamDraftKings Championship Odds
Georgia+260
Alabama+500
Ohio State +750
Michigan+1000
USC+1400
Clemson+1600

Georgia, the defending national champion, is the betting favorite to win the title again. A $100 bet on Georgia will return $260 in winnings. A $100 bet on the Buckeyes will pay out $750 in winnings.

You can make this bet at any time of the calendar year. Futures odds can fluctuate much more than spreads or totals, so it’s vital to compare the odds being offered across the sports betting industry. Opening accounts at multiple sportsbooks will give you the ability to shop for the best odds on the Buckeyes.

Futures odds are also available on the Heisman Trophy winner. Ohio State QB C.J. Stroud is likely to declare for the NFL Draft, but if he returns for another season, he would be among the favorites, as he was a Heisman finalist in 2022. Star wide receiver Marvin Harrison Jr. could also be in the mix for the Heisman. The award tends to go to quarterbacks, but a wide receiver won the Heisman in 2020 when DeVonta Smith took home the award.

How To Place Prop Bets on the Buckeyes

Prop bets are wagers that aren’t tied directly to the outcome of a game. The most popular prop bets on the Buckeyes involve passing yards, receiving yards, rushing yards, and TDs for a particular player.

Let’s look at player props for two of Ohio State’s top players versus Michigan.

Prop Bet #1: QB C.J. Stroud — 2.5 Passing TDs (Over -125/Under -105)

Result: The Under cashed here as Stroud threw for two TDs against Michigan. A $105 bet produced $100 in winnings.

Prop Bet #2: WR Marvin Harrison Jr. — 90.5 Receiving Yards (Over -114/Under -114)

Result: Harrison Jr. rewarded Over bettors with 120 receiving yards against Michigan. A $114 bet generated $100 in winnings.

How To Bet on Ohio State in Ohio

Mobile betting launched 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 and FanDuel Sportsbook made their way into the Ohio market when its betting industry launched. 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.

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. As such, betting on Ohio State is very popular.

Does Ohio State have a partnership with a sportsbook?

Ohio State does not have a partnership with a sportsbook at this time. That could change in the future as colleges are beginning to ink partnership deals with sportsbooks. PointsBet, for example, has deals with the University of Colorado and the University of Maryland.

Where can I bet on the national championship in Ohio?

Sports betting launched in Ohio on Jan. 1, 2023. Ohioans will have the ability to bet via mobile sportsbooks or retail brick-and-mortar locations. The mobile sportsbooks will provide bettors who want to wager from the comfort of their own home with plenty of options through which to place 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 sportsbook for the “best” odds. It’s a good idea to shop around at multiple sportsbooks to find the most favorable odds.

Is DraftKings legal in Ohio?

Yes. DraftKings is legal in Ohio, and it launched 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.

About the Author
Kris Johnson

Kris Johnson

Writer & Contributor
Kris Johnson is a Senior Writer at Gaming Today with more than 15 years of experience as a sports journalist. Kris' work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also authored a sports betting novel entitled The Endgame.

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