Wagers Pour in for Michigan Wolverines to Win 2024 National College Football Championship

Jessica Aletor
By:
Jessica Aletor
14/07/2023/
News
Holding an American Football Ball

Highlights

  • The Wolverines currently lead wagers among residents of the Great Lakes State ahead of the National College Football Championship.
  • Multiple sportsbooks have reported players betting on the Wolverines despite having predicted winning chances than three teams.
  • This development comes after sportsbooks pit the Wolverines as favorites to emerge the champions of the Big Ten Championship.

In another positive outlook for the Michigan Wolverines and coach Jim Harbaugh, most bettors in the state have thrown their weight behind the Wolverines to win the National College Football Championship. With the Big Ten and the National Championship set to come later this year, many Michiganders are starting to weigh possible betting options from the two state representatives.

The Michigan State Spartans are coached by Mel Tucker and considered less of a threat. On the other hand, the Wolverines have been constantly tipped to emerged champions of both competitions. Michigan online sportsbooks have revealed that more wagers have been placed on the Wolverines than even the Georgia Bulldogs and Alabama Crimson Tide.

BetMGM Report That Over Half of Futures Bets in Michigan Have Been on the Wolverines

Back in June, Caesars Sportsbook MI placed the Wolverines +175 to win the Big Ten Championship that’s due to be held in December. With the College Football Championship billed to take place soon thereafter, sportsbooks have since opened up their platforms for futures betting on the tournament. The Michigan Wolverines have emerged early fan-favorites to clinch the highly coveted title.

Led by Harbaugh, the Wolverines team have secured the wagers of thousands of bettors within Michigan and beyond. According to BetMGM Sportsbook Michigan, 15.5% of the wagers gotten from the college football championship market have been placed on the Wolverines to win. For the Big Ten, the Wolverines have also been the second-most popular wagering options among BetMGM customers throughout America.

Within Michigan, 61.1% of BetMGM customers have bet on the Wolverines to win the Big Ten title. Similarly, 57.7% of the total amount wagered on college football futures in Michigan have been on the Wolverines to emerge national champions. This comes off as quite surprising, especially considering that the Wolverines are not the team with the most favorable odds.

Two-time defending champions, Georgia is +220 to win the national championship, far ahead of their closest competition. Alabama Crimson Tide football is +600 at BetMGM Sportsbook, followed closely by Ohio State Buckeyes at +700. Michigan Wolverines are fourth-placed favorites at +900 for the national championship, but fare better at +180 for the Big Ten.

Michigan’s Comfortable Schedule and the Return of Quarterback McCarthy Boosting Chances

Despite having less favorable odds than many of the championship’s past winners, many are citing the return of JJ McCarthy as instrumental to the team’s projected success. In addition, the Wolverines being in pole position to win the Big Ten and having a quite comfortable playing schedule ahead of the playoff has been said to increase the college team’s chances.

McCarthy suffered a shoulder injury that ruled him out of some part of the season but came back to shine as Michigan defeated Purdue to clinch the Big Ten in 2022. The youngster is set to feature in this year’s championship and will provide a big boost to the Wolverines. BetRivers Sportsbooks MI has odds of +1700 to win the Heisman Trophy and may well become the first Michigan player to win the coveted trophy since 1997.

Compared to their biggest rivals, Michigan has the strongest quarterback, and with coach Jim Harbaugh handed a pretty favorable route to the Big Ten, the Wolverines may well justify the trust reposed in them by Michigan bettors. The team faces East Carolina as an opener to the season and will set a date with Ohio State when the season ends.

The Michigan State Spartans are not exactly rated highly and are tied with Purdue, Indiana, Rutgers, and Northwestern with odds of +10,000 to win the Big Ten and even worse for the championship. They also face tougher opponents in their non-conference games, meaning they end up with a less favorable schedule than the Wolverines.

Michigan Player Wins $10,000 on July 4 Independence Day Mega Millions Drawing

Many people saw the July 4 Mega Millions drawing as an auspicious event and expected that Lady Luck would favor some random player. The prize up for grabs was $400 million, but unfortunately, no player produced matching numbers to claim the fortune. At the time of this writing, no player has won the grand jackpot after two drawings.

Nevertheless, Michigan did produce winners as two tickets sold in the state returned a prize of $10,000 on Independence Day. Tickets sold in Idaho and Missouri also led their buyers to win $1 million each in the Mega Millions drawing for July 4. The last time a Michigan player won the Mega Millions jackpot was back in 2021.

Jessica is a news contributor to Gamble Online Michigan. She holds a Bachelor's degree in Economics but has over three years of experience working in the hospitality and gambling industry. Despite her core finance and investment banking background, she has been a casino feature writer for N1 Interactive Limited and multiple gambling affiliate sites. Her work has been featured on the bet365 blog, casino.zone and Max Force Racing. She spends her time between Michigan and California, staying up-to-date on the latest industry developments