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Gambling can be a confusing business.
Just check out the latest national-championship odds, courtesy of Bovada.
Michigan State was 275-1 to win it all following a loss to Northwestern. This week, the Spartans have plummeted to 1,000-1 following a 21-17 win over then-No. 8 Penn State. Of course, it's not all about results in gambling. That simply means, in theory, there's less money being bet on the two-loss Spartans than a week ago.
The story is similar for Texas Tech, which beat TCU, but went from 275-1 to 1,000-1, and Kentucky, which had a bye and dropped from 150-1 to 1,000-1.
Michigan, meanwhile, saw its odds improve to 12-1 from 16-1 following its 38-13 dmolition of then-No. 15 Wisconsin.
Michigan and Michigan State play at noon Saturday in East Lansing.
Here are the complete odds:
►Ohio State: 7-2
►Notre Dame: 19-2
►West Virginia: 60-1
►Central Florida: 80-1
►N.C. State: 90-1
►Mississippi State: 100-1
►Penn State: 100-1
►Miami (Fla.): 175-1
►Michigan State: 1,000-1
►Texas Tech: 1,000-1
►South Florida: Off the board
►Stanford: Off the board