Penn State Nittany Lions Odds

Penn State Nittany Lions Football

The Penn State Nittany Lions are gearing up for an exciting 2024 football season, fueled by high expectations and a roster filled with exceptional talent. As they prepare to take on tough rivals within the Big Ten conference, including perennial powerhouses like Ohio State and Michigan, the team is focused on changing the narrative against some of their biggest rivals in hopes for a CFP big.

On the offensive front, Penn State boasts a robust and talented offensive line. This solid line is expected to provide crucial protection for junior quarterback Drew Allar, who impressed when given the opportunity to shine last year with a 25-2 TD-INT ratio. The backfield is poised to be a standout feature of the team, with running backs Nicholas Singleton and Kaytron Allen ready to contiue their excellent playy from the past two seasons. With a strong supporting offensive line, these dynamic runners have the potential to surpass the 1,000-yard rushing mark each, adding a potent dimension to Penn State's offensive strategy. Penn State boasted the 15th best scoring offense in 2023, averaging 34 points per game.

Defensively, the Nittany Lions are in capable hands under the guidance of coach Tom Allen. The unit's performance in the previous year showcased their adaptability and skill, and they are expected to maintain their status as a dominant force within the Big Ten. Key players like safety Jaylen Reed andand linebacker Abdul Carter are set to play crucial roles in bolstering the team's defensive prowess. The Nittany Lions stifled opponents to the tune of 14 PPG last season, which was the third best rank in college football.  

Penn State football team is on the brink of an exciting season, marked by heightened expectations and a roster brimming with potential. The Nittany Lions are seen as the 3rd most likely team to win the Big Ten with consensus odds of +500.

Penn State Nittany Lions Point Spreads

Penn State was a strong spread bet in 2023, going 10-3 ATS last season. To win a spread bet, known as "covering," favorites have to win by more than the amount of the spread, while underdogs just need to lose by less than that amount. Here’s an example:

• Penn State -3 (-110)
• Michigan +3 (-110)

If Penn State wins, 21-20, it wins the game but Michigan covers the spread. For the Nittany Lions to cover, they have to win by four or more, while a three-point victory is a tie and both sides of the bet get refunded.

Penn State Nittany Lions Over/Unders

Another way to bet on the Nittany Lions is with over/under, or totals, bets. With this type of bet, it doesn't matter which team wins or by how much — it’s all about the points on the board. An over bet means you’re expecting more points than the total set by the sportsbook, while an under means you’re expecting fewer.

Penn State posted a 9-4 record (69.2%) on hitting the over in 2023.

Penn State Nittany Lions Moneylines

If it seems overwhelming to correctly pick how much a team will win or lose by, or even how many points both teams will combine for, moneyline bets can make things more simple. This type of bet is simply a wager on which team will win. It doesn't matter whether it's by two points or 20 points — a win is a win.

The odds are where these get a little more complicated. Teams expected to win are favorites and get minus odds, while the team less likely to win is the underdog and gets a plus sign. For example, if Penn State is a +375 underdog against Ohio State and wins, a $10 bet would pay $47.50 ($10 bet and $37.50 in profit). If the Nittany Lions were -375 favorites, you’d need to risk $37.50 for the same return ($10 profit and $37.50 bet returned).

You can use our Odds Calculator to calculate any bet amount or conversion.

Penn State Nittany Lions Props

Player props are bets on specific players' stats at the end of the game, usually in an over/under fashion.

For example, you can bet over or under on QB Drew Allar's passing yards, RB Nicholas Singleton's rushing touchdowns, and many more.

Penn State Nittany Lions Futures

With +2200 odds, a bet on the Nittany Lions to bring a title back to State College would pay off in a big way if they pulled it off. This kind of bet is known as a future and is determined by the entirety of the season.

Other futures you could make on the Nittany Lions in 2024 are over or under team wins for the season and odds to win the Big Ten. You can also make most of these bets during the season at updated odds.