The reality is that Utah is more likely to win the conference than any other team… but that doesn’t mean Utah is more likely to win than not win.
If you’re looking at Vegas odds, Utah has the best… but turning those into implied probability gives
- Utah 22.7% (+340)
- Kansas St 21.7% (+360)
- Kansas 13.3% (+650)
- Arizona 11.7% (+750)
- Texas Tech 10.5% (+850)
- UCF 8.3% (+1100)
- Iowa St 7.7% (+1200)
- Oklahoma St 5.9% (+1600)
- TCU 5.9% (+1600)
- West Virginia 5% (+1900)
- Colorado 2.4% (+4000)
- Baylor 1.8% (+5500)
- Cincinnati 1.5% (+6500)
- Arizona St 0.99% (+10000)
- BYU 0.76% (+13000)
- Houston 0.76% (+13000)
And that’s just the implied odds… which gives a total percentage chance of 120%, meaning you’d have to scale each probability down to account for the buffer that Vegas is giving. Doing that gives the following probabilities
- Utah: 18.8%
- Kansas St: 17.9%
- Kansas: 11.0%
- Arizona: 9.7%
- Texas Tech: 8.7%
- UCF: 6.9%
- Iowa St: 6.4%
- Oklahoma St: 4.9%
- TCU: 4.9%
- West Virginia: 4.1%
- Colorado: 2.0%
- Baylor: 1.5%
- Cincinnati: 1.2%
- Arizona St: 0.8%
- BYU: 0.6%
- Houston: 0.6%
So… is Utah the favorite? Yes, slightly over K-State. But should the expectation be that Utah will win the conference? Not really; 20% odds is better than anyone else, but the field has much better odds than Utah