Indiana Hoosiers Odds

Indiana Hoosiers 2024 Season Preview

Indiana is a basketball school, and the Hoosiers have recently proved that on the gridiron, posting a 3-24 Big Ten conference record over the past three seasons.

That said, this year could be different. The Hoosiers made a great offseason head coaching hire, bringing in Curt Cignetti from James Madison, and they return 21 starters from last year’s squad. They also have a fairly soft schedule.

Of course, Indiana still has the second-longest odds of winning the Big Ten, only ahead of Purdue. You can track Indiana’s conference title odds all season. We also rank the Hoosiers 47th in our college football betting power ratings.

Here’s how you can bet on Indiana football this year, alongside some key things to note.

Betting on Indiana

There are several ways to bet on Indiana football this season, including game-to-game markets such as moneylines, point spreads and totals (the over/under).

For more odds, check out our college football odds page.

Betting Indiana Moneylines

As mentioned, the Illini are 3-24 in Big Ten play over the past three seasons, meaning they are also 3-24 on the moneyline – essentially, betting a team’s moneyline is a bet on them to win the game.

Here’s how a moneyline bet might show at a sportsbook like DraftKings or FanDuel:

• Indiana ML: +170
• Purdue ML: -190

The minus (-) and plus (+) signs distinguish the favorite from the underdog; the Hoosiers are underdogs in this hypothetical.

American odds can be better understood in $100 increments.

A wager on Indiana’s moneyline at our hypothetical +170 odds means a $100 wager on the Hoosiers nets $170 in profit, excluding the initial $100 wager that would also be returned in a win.

Conversely, a $190 wager on Purdue’s moneyline would net $100 in profit, excluding the initial $100 wager, which would be returned upon the win.

For more moneyline odds, check out our college football odds page.

Betting Indiana Point Spreads

Typically, bettors play teams on the point spread rather than the moneyline.

A point spread bet is a wager on the margin of victory, representing the great equalizer in sports betting. Even the best college football teams are expected to beat the spread only half the time.

Here’s how a point spread bet might look at sportsbooks like bet365 or BetMGM:

• Indiana +2.5 (-110)
• Purdue -2.5 (-110)

The point spread bet consists of two factors: the spread itself, representing the margin of victory, and the odds, which determine your payout.

In our hypothetical example, Purdue is a 2.5-point favorite, meaning the Boilermakers must win by three points or more to cover the spread. And if you’re betting that at (-110) odds, you must wager $110 for every $100 you want to win.

Conversely, Indiana would have to either win outright or lose by two or fewer points to cover their underdog spread. Again, you’d have to wager $110 for every $100 you want to win.

If you’re still confused, I suggest reading up on how to use American odds or checking out our odds calculator before placing any future wagers.

Betting Indiana Totals

The third major market in sports betting is the total, also known as the over/under. In this wager, you’re predicting whether the total number of points scored by both teams in the match will be higher or lower than whatever the sportsbook lists.

For example, take this Indiana vs. Purdue game from late November of the 2023 season. The total was 55.5 points, with (-110) odds on the over and under.

• Over 55.5 (-110)
• Under 55.5 (-110)

If you bet the over, you would need at least 56 total points between the Hoosiers and Boilermakers for your bet to cash. If you bet the under, you would need 55 or fewer points. Like the point spread, there’s a corresponding payout with the over and under – in this case, you would need to wager $110 to win $100 on either the over or under.

In this real-life example, Purdue won 35-31, with the two teams scoring 66 total points, thus cashing the over. If you had bet $110 on the over in this game, you would have netted $100 in profit.

Indiana Player Props & More

College football player props are limited state-by-state, so it’s often challenging to find prop bets in this market.

If player props are available, you would see things like yardage over/under for specific players (passing, rushing, receiving), to score touchdown props for quarterbacks, wide receivers, and running backs, alongside much more.

If college football props aren’t available in your state, I’d highly recommend checking out a platform like PrizePicks. This site is regulated as a Daily Fantasy Sports site and allows you to pick and pair player props for payouts.