Deion Sanders' first season leading a Power Five program started with incredible fanfare. The Buffaloes bolted to a 3-0 start, beating TCU, Nebraska, and Colorado State thanks to stellar offensive performances from quarterback Shedeur Sanders and his teammates.
Then, the wheels fell off Colorado's 2023 season. The Buffaloes won just once over their final nine games, finishing the year 4-8 with two losses coming by more than 30 points.
Despite a woeful finish to the 2023 season, sports bettors are backing the Buffs in 2024, according to data from BetMGM. Of the national championship futures bets for the 2024 season, 4.5% of tickets and 4% of money is on Colorado to win it all. The Buffaloes opened with +20000 odds to win the championship, with the odds moving to +12500 on the sports betting app.
Ohio State, Colorado, and Georgia are BetMGM's biggest liabilities in the national championship futures market.