Indiana Hoosiers Odds

Indiana Hoosiers Football

The Hoosiers were unable to get in a full schedule of games in 2020 due to COVID-19 issues, but they compiled an impressive 6-2 record while taking second in the East Division of the Big Ten. Their high-water mark, a No. 7 ranking in the AP poll, was the first time they've cracked the top-10 at any point in a season since 1969.

Will head coach Tom Allen continue to move the Hoosiers forward? You can find all of their results, as well as odds for upcoming games, depth charts, team trends and more right here.

Indiana Hoosiers Point Spreads

Oddsmakers clearly didn’t anticipate the Hoosiers' success heading into 2020. They were the nation's best team against the spread (ATS), covering in seven of eight contests, with the lone exception being their Outback Bowl loss.

The Hoosiers were able to cover in seven games but won only six outright because the point spread takes into account the margin of victory. Here’s how that could look for Indiana:

• Indiana +21 (-110)
• Ohio State -21 (-110)

The favored Buckeyes (noted by the minus sign) were “laying” 21 points to Indiana, meaning they needed to win by 22 or more to cover the spread. Since the Hoosiers lost by only seven, they covered the spread, meaning Indiana spread bettors won their bet, while the Buckeye backers lost. Had Ohio State won by exactly 21, the bet would’ve been a tie for both sides.

Indiana Hoosiers Over/Unders

With the Hoosiers so balanced on offense and defense in 2020, ranking fourth in the Big 10 in both categories, betting on their over/unders was a mixed bag. Over/unders, or totals, are bets on the scoring of both the Hoosiers and their opponent for a game.

If a total is set at 55 for Indiana vs. Michigan, for example, and Indiana wins 31-28, then the over wins the bet. Under bettors would need both teams to combine for 54 or fewer points. Which team wins the game doesn’t matter, nor does the margin of victory.

Indiana Hoosiers Moneylines

If you expect the wins to keep coming to Bloomington, then you can keep it simple and bet the Hoosiers moneyline. With a moneyline bet on Indiana, if the Hoosiers win, so do you, no matter the margin of victory or points scored.

The bigger an underdog (plus odds) the more a moneyline bet will pay out, while the bigger a favorite (minus odds) the less it will pay out. Using a $10 bet as an example, if Indiana is a +165 dog, that $10 risked is worth $16.50 in profit. If the Hoosiers are -165 favorites, you’d have to risk $16.50 to earn $10 in profit, assuming the Hoosiers win in both cases.

Indiana Hoosiers Props

If you’re a huge fan of Heisman-hopeful QB Michael Penix Jr., you could test your fandom by betting on his player props. These are bets on the stat line of a single player instead of the whole team.

Some props you could place on Indiana are over/under on Penix's passing yards, Miles Marshall's receptions, or Stephen Carr's rushing TDs, among many more.

Indiana Hoosiers Futures

With +5000 odds, Penix is tied for 20th-best odds to win the Heisman Trophy in the futures market for 2021. Futures bets are wagers on end-of-season results for teams or players, including who will win various awards.

Some other Hoosiers futures you could bet on include the team winning the Big Ten or the national title, and over or under a certain number of wins.