SEC Tipoff 2024: Where Do Kentucky Basketball Odds Stand Ahead Of Media Days?

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Written By Eli Hershkovich | Last Updated
kentucky basketball odds

SEC Media Days have arrived, with the 2023-24 college basketball season approaching. In particular, Kentucky basketball odds are on the minds of many college hoops gamblers, especially given the recent legalization of sportsbooks and Kentucky sports betting promos. With that in mind, BetMGM Sportsbook has also revealed where the Wildcats rank among the operator’s biggest liabilities to win the national title.

Several players will attend SEC Tipoff 2024 in Alabama, with Trey Mitchell and Antonio Reeves attending for the Wildcats. Head coach John Calipari will also be there. SEC Network will broadcast the two-day event with live coverage beginning at 11 a.m. ET Tuesday and Wednesday.

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will Kentucky basketball odds Cost SPortsbooks?

Over at BetMGM Sportsbook, John Calipari’s Wildcats are priced at in 2024 NCAA Tournament futures. They’re also to advance to the Final Four.

Regarding championship betting, Kentucky ranks fifth among the sportsbook’s biggest liabilities to cut down the nets at 8.6%. Ahead of the Wildcats are Kansas (16.3%), Purdue (14.6%), Michigan State (13.2%), and Gonzaga (12.9%).

Of course, Kentucky’s historic brand alone will attract bets from even casual sports bettors. The price reflects that, as the Wildcats don’t have the experience to compete with the Jayhawks, Boilermakers, or Spartans on paper. That said, Kentucky should find itself in the thick of the SEC race — and potentially the national title picture — if its young core ascends throughout the season.

Wildcats five-star freshman Justin Edwards is at the forefront of that. The 6-foot-8, 190-pound wing is a defensive pest first and foremost. His scoring prowess could make him one of the sport’s top two-way players from the opening tip.

Collectively, bettors saw what Kentucky’s offense could resemble in July. The Wildcats played five-out during their foreign tour at GLOBL Jam, with the aforementioned Mitchell — a West Virginia transfer — at the center spot. Mitchell became available in the transfer portal when the Mountaineers let Bob Huggins go. His passing prowess was superior to any Kentucky big in years. Assuming this plan sticks, it’s a shift in philosophy for Calipari, whose teams have never averaged 20-plus three-point attempts during a season in his 14 years at the helm.

What Is A Sportsbook Liability?

If you’re unaware of what this term means, it’s quite simple. Let’s rewind to the 2022 NCAA Tournament, as 15th-seeded Saint Peter’s was positioned as high as 10,000-1 to win the men’s basketball title before March Madness tipped off. After upsetting Kentucky, Murray State, and Purdue, the Peacocks became the only program to win two NCAA tournament games as a double-digit underdog. They’re the lone 15-seed ever to reach the Elite Eight.

Saint Peter’s winning the championship at the time would have caused the largest loss in company history on a futures market — in any sport, according to Jason Scott, BetMGM’s vice president of trading. The largest ticket on a Peacocks national title at BetMGM was $4,000 at 200-1, which would have paid out an $800,000 profit.

The Peacocks subsequently fell to North Carolina in the Elite Eight. Hence, just because a wager is a liability doesn’t mean you should (or shouldn’t) bet it. Think of it as a “fun fact.” Any team with a big number is likely to be a sizable liability if it attracts interest.

At the same time, the money bet into Kentucky college basketball odds to win it all this early in the season isn’t close to the type of handle in this market come March.

how to sign up with online sportsbooks

Online sports betting allows customers to register without entering a sportsbook in person. It’s free and easy. To go through the steps for any of the operators above, you will have to share some personal details, including:

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We recommend using a private, secure connection to protect sensitive data when entering personal information. Usually, the best way to do this is to connect to home WiFi while using the app for the initial sign-up.

While there is no requirement to deposit money at sign-up, it might be smart to check with the preferred financial institution to verify they will allow for transactions. Some still don’t allow deposits for online gambling, and others may charge your account a fee if they do.

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