2023 Big 12 Football Championship Odds
The 2023 college football season is scheduled to begin on Saturday Aug. 26 and bettors can start placing futures wagers on the Big 12 and other conferences.
Big 12 Winner Odds
Odds as of September 30, 2023
2023 BIG 12 CHAMPIONSHIP OPENING ODDS
Listed below are the opening odds to win the 2023 Big 12 Championship, which will take place on December 2 from AT&T Stadium in Arlington, Texas.
- Texas +115
- Oklahoma +330
- Kansas State +470
- Texas Tech +1200
- TCU +2000
- Baylor +2000
- Iowa State +4000
- UCF +4000
- Kansas +4000
- Oklahoma State +6000
- Cincinnati +7000
- West Virginia +7000
- Houston +8000
- BYU +10000
WHAT IS THE BIG 12 CHAMPIONSHIP?
The Big 12 Championship returned in 2017, following a six-year hiatus when the title game went away after the league dropped to 10 teams. The conference had 12 teams that were divided equally into the North and South divisions.
The two division winners would meet in a pre-determined venue, which was rotated in six different cities from Texas (Arlington, San Antonio, Houston, Irving) and Missouri (Kansas City, St. Louis). In the current format, the two teams with the best conference records will meet in the Big 12 Championship and tiebreakers do apply in case of a tie.
In the 19-year history of the game, Oklahoma has appeared in the game 12 times, which is the most of all Big 12 schools. The Sooners have come away with 11 wins, which is also the most in conference history. Texas (3) and Nebraska (2) are the only other schools that were able to capture multiple Big 12 championships.
The 'under' is now on a 6-0 run in the past six seasons, capped off with Kansas State handing TCU its first loss of the season in an overtime thriller in 2022.
| Year | Matchup | Line | Score | ATS Result |
| 2022 | Kansas State-TCU | Kansas State -1 (60.5) | Kansas State 31-28 (OT) | Favorite-Under |
| 2021 | Baylor-Oklahoma State | Oklahoma State -7 (45) | Baylor 21-16 | Underdog-Under |
| 2020 | Oklahoma-Iowa State | Oklahoma -5.5 (59.5) | Oklahoma 27-21 | Underdog-Under |
| 2019 | Oklahoma-Baylor | Oklahoma -9.5 (66.5) | Oklahoma 30-23 (OT) | Underdog-Under |
| 2018 | Oklahoma-Texas | Oklahoma -9.5 (79.5) | Oklahoma 39-27 | Favorite-Under |
| 2017 | Oklahoma-TCU | Oklahoma -7.5 (64) | Oklahoma 41-17 | Favorite-Under |
| 2010 | Oklahoma-Nebraska | Oklahoma -4.5 (51.5) | Oklahoma 23-20 | Underdog-Over |
| 2009 | Texas-Nebraska | Texas -14 (46.5) | Texas 13-12 | Underdog-Under |
| 2008 | Oklahoma-Missouri | Oklahoma -17 (79) | Oklahoma 62-21 | Favorite-Over |
| 2007 | Oklahoma-Missouri | Oklahoma -3 (64.5) | Oklahoma 38-17 | Favorite-Under |
| 2006 | Oklahoma-Nebraska | Oklahoma -3.5 (45) | Oklahoma 21-7 | Favorite-Under |
| 2005 | Colorado-Texas | Texas -25 (60.5) | Texas 70-3 | Favorite-Over |
| 2004 | Colorado-Oklahoma | Oklahoma -22 (55) | Oklahoma 42-3 | Favorite-Under |
| 2003 | Kansas State-Oklahoma | Oklahoma -14 (53) | Kansas State 35-7 | Underdog-Under |
| 2002 | Oklahoma-Colorado | Oklahoma -7.5 (53) | Oklahoma 29-7 | Favorite-Under |
| 2001 | Colorado-Texas | Texas -9 (48.5) | Colorado 39-37 | Underdog-Over |
| 2000 | Kansas State-Oklahoma | Oklahoma -2.5 (53.5) | Oklahoma 27-24 | Underdog-Under |
| 1999 | Nebraska-Texas | Nebraska -7 (51) | Nebraska 22-6 | Favorite-Under |
| 1998 | Kansas State-Texas A&M | Kansas State -17 (46.5) | Texas A&M 36-33 | Underdog-Over |
| 1997 | Nebraska-Texas A&M | Nebraska -18 (52.5) | Nebraska 54-15 | Favorite-Over |
| 1996 | Nebraska-Texas | Nebraska -20.5 (55.5) | Texas 37-27 | Underdog-Over |
BIG 12 BETTING HISTORY RESULTS & NOTES
| Wager | Straight Up (SU) | Against The Spread (ATS) | Total |
| Results | 16-5 | 11-10 | 7-14 |
HISTORY - BETTING NOTES
- Favorites have won the last 13 of the past 14 Big 12 championships
- Until Baylor's win in 2021, the last underdog to win outright was Kansas State (+14) in 2003, defeating Oklahoma 35-7
- 13 games decided by double-digit margins
- Six straight Big 12 title games have finished 'under' the total
BIG 12 CHAMPIONSHIP HISTORICAL NOTES
In the 20-year history of the game, Oklahoma has appeared in the game 11 times, which is the most of all Big 12 schools. The Sooners have come away with 10 wins, which is also the most in conference history. Texas (3), Kansas State (2), and Nebraska (2) are the only other schools that were able to capture multiple Big 12 championships.
In 2019, the Sooners won their third straight Big 12 title since the championship returned by defeating Baylor 30-23 in overtime. Oklahoma failed to cover as 9 ½-point favorites.
Oklahoma notched another conference title in 2020 as the Sooners held off Iowa State, 27-21 as the Cyclones made their first ever Big 12 championship appearance.
Kansas State picked up its first Big 12 title since 2003 as the Wildcats outlasted previously unbeaten TCU in overtime, 31-28 to win the 2022 conference championship.
2023 BIG 12 TEAMS
- Baylor Bears
- BYU Cougars
- Cincinnati Bearcats
- Houston Cougars
- Iowa State Cyclones
- Kansas Jayhawks
- Kansas State Wildcats
- Oklahoma Sooners
- Oklahoma State Cowboys
- TCU Horned Frogs
- Texas Longhorns
- Texas Tech Red Raiders
- UCF Knights
- West Virginia Mountaineers
HOW TO READ FUTURES ODDS
American: Texas +115
Fractional: Texas 23/20
Decimal: Texas 2.15
Implied Probability: Texas 46.5%
Bettors placing a $100 wager on Texas would get a return of $115 (Bet $100 to win $215).
Texas is a 25/1 betting choice (Bet $100 to win $2500) to win the College Football Playoff.
If you're ready to place some bets on the Big 12 Championship, please visit our BetMGM Bonus Code page for exciting offers.
NCAAF Popular Futures Odds
- Heisman Trophy
- College Football Playoff
- Win Totals
- SEC Championship
- ACC Championship
- Big Ten Championship
- Pac-12 Championship
- American Championship
- MWC Championship
- Sun Belt Championship
- CUSA Championship
- MAC Championship