Indiana Hoosiers Football Betting Guide

The Indiana Hoosiers are the college football team that represents the Indiana University Bloomington in Bloomington, Indiana.

The Hoosiers have a long history of college football dating back to 1887 when the team first took the field.

The Hoosiers are members of the Big Ten Conference and the East division in particular. Indiana plays its home games out of Memorial Stadium, which has been their home field since 1960. The Hoosiers can fit up to 52,656 in attendance at Memorial Stadium.

Indiana has two Big Ten Championships in its trophy case.

However, the Hoosiers haven’t won a conference championship since 1967, with their only previous conference title coming back in 1945. Indiana has also appeared in 11 bowl games, including most notably the 1968 Rose Bowl.

While you might not know much about Hoosiers football, one of the most exciting aspects of their program is the fact that you can bet on the team.

For anybody that wants to bet on a college football team or Indiana specifically, this page should serve as an excellent introduction.

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Sports betting is legal in Indiana. While that’s great news for customers, the challenge is figuring out the best place in Indiana to make your bets.

Indiana rolled out retail sportsbooks first throughout in 2019. Mobile sports betting apps followed close behind. Here are the online sportsbooks active in Indiana:

Understanding Indiana Hoosiers betting odds

As soon as you are ready to bet on the Hoosiers, there are three most common options that you will have the ability to choose from, including:

  • Point spread
  • Moneyline
  • Total

Betting the Point Spread

The sportsbooks will list a point spread for each college football game that they make available to bet on. When you wager on these matchups, you will see something that looks like this:

  • Indiana +9.5
  • Ohio State -9.5

According to this example, you can bet on either team to “cover” the point spread. The “+” sign in front of Indiana’s point spread number indicates that they are the sports betting underdog.

Therefore, if the Hoosiers win outright or lose by nine points or less, then they will be considered the point spread winner. Meanwhile, the “-“ sign indicates the sports betting favorite.

In the above scenario, Ohio State is listed as a substantial favorite at -9.5. Therefore, the Buckeyes will need to win by 10 points or more to cover the point spread in this situation.

Betting the Moneyline

Moneyline wagers focus solely on predicting outright winners. The betting line for a moneyline might look something like this:

  • Indiana +450
  • Ohio State -500

As is the case with the point spread, the symbols indicate the sports betting favorites and underdogs.

In this situation, Indiana is listed as a substantial underdog to win outright at +450 odds. This means that if you bet $100 on the Hoosiers and they win outright, you will take home $450 for the victory.

On the other hand, Ohio State is a significant betting favorite. To win $100 betting on the Buckeyes, you will need to risk $500 as indicated by the fact that they are listed at -500 odds.

Betting the Total

If you are looking for another alternative way to bet on college football, then you might want to consider betting on the total. All you need to worry about with this wager is how many points the teams will combine to score. In college football, the total might look something like this:

Indiana Hoosiers @ Ohio State Buckeyes
Total: 54.5

With the total for this game set at 54.5, you need to predict whether Indiana and Ohio State will combine to score more or less than 54 points.

If they score 55 points or more, then it will be considered an “OVER” result. If the teams combine to score 54 points or less, then the result will be regarded as an “UNDER.”

3 things to know when betting the Indiana Hoosiers

1. Indiana is a basketball school

The Hoosiers are generally a pretty good team when it comes to NCAA basketball. Unfortunately, the same thing can’t be said when it comes to NCAA football.

Taking a look at their track record, they haven’t had a coach that finished with a winning record since Bo McMillin, who coached from 1934 to 1947. To finish around .500 is decent for this team and to get to a bowl is a success. This team never has National Championship aspirations in football.

2. Don’t recruit many stars

Building off the first point, since Indiana isn’t exactly a factory of winning, they aren’t exactly an NFL football talent factory either. They have a tough time on the recruiting trail as most players who want to stay in the Big Ten go to teams like:

  • Ohio State
  • Michigan
  • Wisconsin

Entering the 2019 season, there were a total of 14 Indiana Hoosiers playing in the NFL, which is a minimal number. Very few are significant contributors either outside of Tevin Coleman and Jordan Howard.

3. Minimal home-field advantage

Without a limited pedigree of success and minimal tradition, home games at Indiana offer very little home-field advantage. Memorial Stadium can hold 52,656, but it’s not an intimidating venue by any stretch of the imagination.

Teams like Ohio State and Michigan rarely suffer upsets at this venue. The crowd is active, but it’s nothing like the 100,000+ thousand at the Big House in Michigan or many other sites across the country.

Indiana Hoosiers Last 5 Seasons

2018: 5-7

There were plenty of promising signs when Indiana began the 2018 season with three straight wins. However, the Hoosiers quickly ran out of gas en route to a 5-7 record that included a 2-7 record in Big Ten conference play. Allen’s record as head coach dropped to 10-14, including a 4-14 record versus conference opponents.

2017: 5-7

After going to back-to-back bowl games in 2015 and 2016, Indiana hit a wall in 2017 when they went 5-7. The Hoosiers managed just two wins in nine games against Big Ten competition. First-year head coach Tom Allen was given the benefit of the doubt, but the optimism would fade following a second disappointing season the following year.

2016: 6-7; Lost in Foster Farms Bowl to Utah

Kevin Wilson’s final season included six wins and a trip to a bowl game for the second year in a row. It wasn’t enough for him to remain on as the head coach at Indiana, The Hoosiers would go on to lose to the Utah Utes 26-24 in a closely contested Foster Farms Bowl. After the year, Indiana and Wilson would part ways due to “philosophical differences” between the two sides.

2015: 6-7; Lost in Pinstripes Bowl to Duke

Wilson managed only a pair of wins versus Big Ten competition in his fifth season, leading the Hoosiers to a 2-6 record in conference play and a 6-7 record overall. Indiana went on to lose an absolute heartbreaker to the Duke Blue Devils 44-41 in overtime of the Pinstripes Bowl.

2014: 4-8

The Hoosiers delivered another disappointing record in 2014 when they went 4-8 and finished dead last in the Big Ten Conference’s East Division. Despite a disappointing year, Indiana would rebound to have some relatively moderate success the following two seasons when they went to bowl games in back-to-back years.

Most popular college football bet types

There are many different options if you want to wager on Hoosiers games. Here is a quick list of the most popular bet types:

Spread – As discussed above, this type of wager is about picking a team to cover the point spread, which means taking them to win or in some cases lose by a certain margin of victory.

Moneyline – All you need to do is pick the team you think will win outright and place your bet. If that team emerges victorious, then your wager ticket will be considered a winner.

Total – The OVER/UNDER bet is another straightforward option. All you need to do is predict whether the teams will combine to score more or fewer points than the total for that given matchup as listed by the sportsbooks.

Futures – Any time you place a bet on something that won’t be determined until further down the road it’s considered a futures bet. For example, if you bet on Indiana to win the Big Ten Conference championship before the regular season started. Betting on the number of wins the Hoosiers will finish with is another example of a futures wager. While these wagers tend to be a little more difficult and take a while to learn the result of, they often lead to substantial payouts.

Parlay – Any time you place two or more of the types of wagers mentioned here on the same betting ticket, it’s considered a parlay. Every pick on a parlay ticket must win for the parlay to be considered a winner. If even one team on the ticket loses, the parlay is considered a losing ticket.

Props – Wagers that are focused on the performances of an individual or a team are considered prop bets. These could include everything from the number of touchdown passes a quarterback will throw in a game to the number of receptions a wide receiver will record to the total number of touchdowns a team will score in a game.

Indiana Hoosiers FAQ

Where is Indiana University located?

Bloomington, Indiana.

How many times have the Hoosiers won the National Championship?

The Hoosiers have never won the National Championship. They’ve only played in 11 bowl games and are 3-8 in those contests.

How many Heisman Trophy winners has Indiana produced?

The Hoosiers have never produced a Heisman Trophy candidate or winner.

Who is the Hoosiers’ current head coach?

Tom Allen.

Where do the Hoosiers play?

Memorial Stadium

Is it legal to bet on the Indiana Hoosiers?

It’s legal to bet on the Hoosiers (and college football) as long as you’re 21 years old.