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Braxton Miller news drives down Ohio State's championship odds

Though the Buckeye quarterback's injury has yet to be confirmed, bettors aren't waiting for official word.

Steve Mitchell-USA TODAY Sports

Monday evening, reports surfaced that Ohio State quarterback Braxton Miller, who had had a shoulder surgery in February and had already missed some scheduled throwing sessions, left Ohio State's practice in serious pain after throwing a pass.

That news of Miller's shoulder being less than 100 percent -- plus the knowledge that Miller takes a large number of hits (557 career carries, including sacks) and that his offensive line is replacing several starters -- sent gamblers scrambling to bet against Ohio State in every way possible. They didn't want to wait for the MRI results, which are reportedly expected Tuesday.

Many books pulled down the lines involving Ohio State, but not all. Here's a look at how the lines changed overnight at 5Dimes Casino.

Season win total

Before the news broke, the net payout on betting $100 on Ohio State to win fewer than 10.5 regular season games was $115. After the news broke, that number sits at $24.39.

Conference odds

Ohio State was favorite to take the Big Ten title, at roughly even money, meaning that a winning $100 wager would net $100. But after the news, a winning $100 wager would net $295. In fact, Ohio State is no longer the favorite, as Wisconsin and Michigan State now have shorter odds than the Buckeyes.

Odds to make the playoff

Ohio State's odds to make the College Football Playoff have also plummeted. Before the news broke, a $100 wager on the Buckeyes making the playoff netted $110. As of Tuesday morning, the number is $320. A $100 wager on the Buckeyes to not make it paid $71.43, and now sits at $21.74.

National Championship Odds

Before the Miller news, a winning $100 wager on Ohio State earning the national title was to pay about $1,000. As of Tuesday morning, the same wager would net the gambler about $2,000.

So just how much do gamblers think Braxton Miller is worth? Quite a bit. Perhaps too much. Are Ohio State's chances of winning a national title without Miller really half of what they were with him? Is Ohio State really three times as likely to win 10 or fewer games without Miller? Or just a third as likely to make the College Football Playoff?

To be sure, Miller was a Heisman candidate, and a dynamic college player, but when Miller was hurt in 2013, backup Kenny Guiton came in and put up better passing numbers. Guiton is now gone, but backup J.T. Barrett was a highly recruited prep out of Texas and seems to fit Urban Meyer's offense well.