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Pac-12 Championship Odds: Oregon Favored To Three-Peat

Quarterback Anthony Brown and the Oregon Ducks lead the charge in 2021 Pac-12 championship odds.

With the beginning of the college football season upon us, we take a look at the Pac-12 Conference, which appears to be as tight as it has ever been.

The Oregon Ducks have won two straight Pac-12 Conference championships. This year, the conference has four ranked teams: Oregon, USC, Utah and Arizona State. Although the odds show a tight race, the Ducks are a slight favorite to complete the three-peat.

According to Bovada, the Ducks are favored at odds of +250 to take home the Pac-12 title for a third straight year, but the board is incredibly close within the top five. Following the Ducks, we have the Washington Huskies (+350), USC Trojans (+400), Arizona State Sun Devils (+450) and Utah Utes (+500) to round out the top five.

Online sportsbook Bovada has the latest 2021 Pac-12 Conference odds, which will be updated regularly throughout the season.

Who Are The NCAAF Pac-12 Betting Favorites?

2021 Pac-12 Conference Odds
TeamOdds
Oregon Ducks+250
Washington Huskies+350
USC Trojans+400
Arizona State Sun Devils+450
Utah Utes+500
UCLA Bruins+1000
California Golden Bears+2500
Colorado Buffaloes+3000
Stanford Cardinal+3500
Washington State Cougars+3500
Oregon State Beavers+4400
Arizona Wildcats+8000

Odds as of September 1 at Bovada

For more information on college football betting, check out our useful college football betting guide to help you get into the action. Also, make sure to keep an eye on our College Football Odds page for all the latest up-to-date betting lines.

Oregon On Top Of The Oddsboard

The Ducks, the 11th-ranked team in the nation, currently own the best odds to win the Pac-12 championship at +250. Oregon will open its season on September 4 at home against the Fresno State Bulldogs. The Ducks are currently 20.5-point favorites.

The Ducks will have a very tough road game in Week 2 against the Ohio State Buckeyes, but their other non-conference games include the likes of Fresno State and Stoney Brook – games that they should have no problem winning.

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According to CBS Sports, the Ducks have the third-easiest schedule in the Pac-12. The Ducks avoid playing two of the top teams in the Pac-12 – and in the whole country for that matter – in the USC Trojans and the Arizona State Sun Devils. They have a big game on the road against Washington that will likely have massive implications within the conference.

The Ducks have won two straight Pac-12 championships and they definitely have what it takes to get No. 3.

Multiple Teams Aren’t Far Behind

Looking at the rest of the oddsboard, there are a number of teams that fall just behind the favored Ducks – the Washington Huskies (+350), the USC Trojans (+400), the Arizona State Sun Devils (+450) and the Utah Utes (+500).

Washington Huskies

The Huskies, the 20th-ranked team in the nation, have a very favorable schedule that they must take advantage of. According to CBS Sports, they have the easiest schedule in the Pac-12. Their non-conference games include Montana, Michigan and Arkansas State. They begin their season on September 4 at home against Montana. The Huskies are a solid team and have a legitimate shot at winning the Pac-12 this season.

USC Trojans

Next, we have the Trojans, the 15th-ranked team in the country, who did not get as lucky in terms of non-conference games. But within the conference, the Trojans avoid the two teams ahead of them in the odds (Oregon and Washington). Their non-conference games will be against San Jose State, Notre Dame and BYU. According to CBS Sports, the Trojans have the fourth-easiest schedule in the Pac-12. Led by Kedon Slovis, one of the best QBs in college, the Trojans will likely be in the thick of the race to win the Pac-12.

Arizona State Sun Devils

The Sun Devils, ranked 25th in the nation, also have a favorable schedule. They open up their season at home against Southern Utah. Following that game, they have UNLV and BYU, which should be easy victories. In the conference, the Sun Devils draw USC and Washington in back-to-back weeks, but also avoid the likes of the Oregon Ducks. According to CBS Sports, the Sun Devils hold the second-easiest schedule in the Pac-12 Conference.

Utah Utes

Finally, the No. 24 Utes fall near the middle of the pack in terms of strength of schedule. Their non-conference games include Weber State, BYU and San Diego State. In the conference, the Utes will have to play the Ducks, Trojans and Sun Devils, which will all be very difficult games. The Utes program continues to get better as the odds show they are a legit threat to take home the Pac-12.

Best Bet: USC Trojans (+400)

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Reading Pac-12 Championship Odds

At any NCAAF sportsbook, you’ll see futures odds that look something like so:

Oregon +250

Washington +350

USC +400

Arizona State +450

The school with the minus sign (-) is the favorite. The rest are underdogs. When there are no minus signs and only plus signs (+), the team with the lowest odds is the fave.

If you were to bet $100 on the Ducks, you’d get a payout of $350 – your $100 comes back along with your winnings of $250. Or, that same $100 on the Sun Devils would give you $550 – your original money is returned along with your prize of $450. Bets on dogs are riskier, which is why they come with bigger rewards. However, do your research before making any futures bet. Don’t take the underdog just because you think you’ll get a huge payday. Only take them if it makes the most sense.

To see how much you’d win based on the odds and bet amount, check out our Odds Calculator.

What Is A College Football Futures Bet On Championship Odds?

This is a bet made on events that have yet to happen. It can be argued that all bets are on events that will occur in time, but futures bets can be made weeks or even months in advance. As soon as the odds are released, you can place your bet on a team in the Pac-12 to win the conference. If you can take the odds early, it’s best to do so. The lines will move as teams slip and climb in the standings and you don’t want to be stuck with odds that have no value.