As one of the biggest brands in college sports, the Ohio State Buckeyes attract both fans and sports bettors alike.
Before 1970, the Buckeyes racked up most of their impressive stats like Final Fours and their lone national championship (1960).
Since then, Ohio State has experienced ebbs and flows in their success. The beginning and end of the 1990s were great for the Buckeyes.
They earned back-to-back 1-seeds in ’91 and ’92 led by Jim Jackson and Chris Jent. Unfortunately, they couldn’t make it past the Elite 8.
Then came a Final Four appearance as a 4-seed in ’99 behind sharpshooter Michael Redd.
The Thad Matta era, from the mid-2000s to the mid-2010s, was Ohio State’s best run in recent memory, when the Buckeyes routinely entered March Madness as a title contender.
First, superstar big man Greg Oden and point guard Mike Conley took the Buckeyes to the national title game, where they lost to a Florida team who won its second straight title.
The next run of success for Ohio State came a few years later. Do-it-all star Evan Turner helped OSU earn a 2-seed and Elite 8 appearance.
Then, Jared Sullinger, Deshaun Thomas, and Aaron Craft led the team to another Final Four in 2012. Ohio State, however, is still searching for its first title since 1960.
A common wager typically placed on a basketball game is the spread. Lets take a look at example of a game between the Buckeyes and their biggest rival, Michigan.
Ohio State -1
In this example, Ohio State is favored over the Wolverines by just one point. That means, if you’re backing Ohio State on the spread, you need the Buckeyes to win by more than 1.
If they win by 2 or more, they cover the spread and you win your bet. If they lose the game, you lose your bet.If Ohio State beats Michigan by exactly 1, the bet settles as a push, and you get your money back but do not collect a profit.
Betting in Ohio
Sports betting was legalized in Ohio in December 2021, but it has not launched just yet.
Both retail and online sports betting are expected to launch in the Buckeye State prior to January 1, 2023 according to the bill signed into law by Governor DeWine.
The Ohio Casino Control Commission is expected to begin accepting license applications in the summer of 2022. Casinos, bars, restaurants, and even grocery stores will have the ability to apply for a betting license.
Until then, the Commission is still shaping all of the necessary rules and regulations to manage the Ohio betting market.
When it does eventually go live, some estimates state Ohio could bring in as much as $1 billion in annual sports betting revenue.
We assume top sportsbooks such as PointsBet, FanDuel and BetMGM will make their way into the Ohio market, but for now know you can't wager on mobile apps just yet!