Colorado getting sixth-most bets to win College Football Playoff, currently biggest liability to MGM Sportsbook

Colorado has a ton of hype heading into the 2023 season, and apparently, the betting market is buying into head coach Deion Sanders. John Ewing of BetMGM revealed the Buffaloes are the sixth-most bet-on team to win the College Football Playoff. Just over 8% of bets have been placed on them as things stand in early May.

However, due to the amount of money being bet, there would not be a more disastrous national champion than Colorado. Ewing also said they are Bet MGM’s “biggest liability” in college football — more so than programs such as Alabama, Georgia, Michigan, or Ohio State.

Colorado is currently being offered at +25000 to win the College Football Playoff. Far from being the favorites, betters are still buying into the work Sanders has done this offseason. Going from 1-11 to a national championship winner would be one of the most remarkable turnarounds the sport has ever seen, if not the best.

8.1% of bets (6th most) are on @CUBuffsFootball +25000 to win College Football Playoff.

Colorado is the biggest liability at @BetMGM. pic.twitter.com/yzZcEPsQ8w

— John Ewing (@johnewing) May 8, 2023

Sanders will make his official debut in Colorado gear against a team that knows something about making a national championship. Fort Worth will be the site of the Buff’s season opener against TCU, set to take place on Sept. 2. A celebration will likely be in order, as the Horned Frogs will be playing in front of their home crowd for the first time since their loss to Georgia.

If Colorado is going to make BetMGM bettors happy and possibly earn them money, a win will likely need to come.

Colorado entering Year One of Deion Sanders

Colorado was always going to need a rebuild, no matter who they hired to be the head coach. Sanders is bringing a unique strategy to the Power Five level — one we have never seen from anyone. His use of the NCAA transfer portal has been the heaviest of anyone this offseason.

Yes, last season was a historically bad one for Colorado. Even so, Sanders has not been afraid of turnover and from the beginning, made his intentions clear. If he did not think a player was worthy, they were sent packing and replaced. Likely by somebody with Power Five experience.

People across the country are really buying into the ideology as evident with their national championship bets. There is still plenty of time for money to come in on not just Colorado but other teams as well. But for now, BetMGM is likely rooting against Sanders’ success.