Over the weekend I released my projected preseason AP Top 10 and I thought I would analyze another set of rankings for the upcoming season. A couple of weeks ago, several casinos released their odds for the 2011-12 BCS National Championship. While PhilSteele.com does not affiliate itself with gambling, I do think it is interesting to see how Vegas is examining the upcoming season.

Here are the Top 10 Favorites to win the title this upcoming year courtesy of Bodog.com.

1. Oklahoma             Odds: 7/2

If you checked out my projected AP Top 10 blog, you would have read that the Sooners are clearly the favorite going into next season and the odds certainly agree here. They return 15 starters on off/def including QB Jones, WR Broyles and LB Lewis. Their schedule sets up nicely with a bye before their road trip to Florida St (a team they dominated LY 47-17). In Big 12 play naturally there is the Red River Rivalry game vs Texas who is coming off a 5-7 season and the only other huge hurdle could be the season finale at Oklahoma St but the Sooners have won the Bedlam rivalry 8 straight times and have an overall mark of 82-16-7 vs their in-state rivals.

2. Alabama             Odds: 15/2

The Crimson Tide were my projected AP #2 team for 2011. Despite the losses of QB McElroy, RB Ingram and WR Jones and DT/DE Dareus, the Tide return 15 starters including 9 from a defense that figures to be among the best in the country. While they do have road trips to Penn St, Florida and Auburn none of those teams figure to be in the preseason top 10 so they have a great opportunity of being favored in every game this season.

3. Florida St             Odds: 10/1

The Noles return 16 starters, bring in one of the best frosh classes in the country and should be the ACC favorites. However, their schedule is not soft by any means as they host pre-season favorite Oklahoma and travel to Florida in non-conf play and have to play ACC Atlantic foes Clemson and Boston College on the road.

4. Boise St             Odds: 12/1

The Broncos return 14 starters including QB Moore. While they do move to the MWC and open the season vs Georgia in Atlanta, the Broncos get defending MWC champ TCU at home (where they have not lost a reg ssn gm since 2001) also get defending CUSA champ Tulsa at home and will probably be favored to win 11 of their 12 games.

4. LSU              Odds: 12/1

The Tigers return 15 starters from a team that surprised many going 11-2 last year. While they open the season with a huge showdown vs Oregon in Arlington, the Tigers will probably be favored to win the rest of the games with the exception of a road trip to Alabama later in the season. Road trips to Mississippi St and West Virginia in September will be tricky as well.

6. Oregon            Odds: 14/1

This year the Ducks return just 11 starters on off/def but get QB Thomas and Doak Walker winner RB James back from a offense that avg’d 47 ppg. UO does have a monster non-conf game vs LSU in the opener and have road trips to Arizona, Washington and Stanford but still will be the preseason favorite to win the Pac-10 for a third straight season.

7. Florida            Odds: 15/1

This one is a bit of a surprise since the Gators are coming off just an 8-5 season and have a new HC in Will Muschamp. UF does return 13 starters and have a lot of talent on hand thanks to some outstanding recruiting. However, rheir three-game stretch to start off October is as challenging as team will face during any stretch. (Bama, at LSU, at Auburn).

8. Nebraska      Odds: 18/1

It will be an interesting year for the Huskers as they move to the Big 10. They do return just 12 starters from last year’s team that again came up just short of the Big 12 title. One of the starters back is QB Martinez. As far as their schedule goes, the conference did them no favors with road games at Wisconsin, Penn St and Michigan along with home games vs Ohio St and Michigan.

9.  Penn St            Odds: 20/1

Another interesting pick here as the Nittany Lions are coming off just a 7-6 season. They do return 15 starters and their QB situation should be in much better shape this year. Home games vs Alabama and Iowa are their biggest tests before a 3 game stretch to close the season vs Nebraska, at Ohio St and at Wisconsin.

10. TCU            Odds: 20/1

The Horned Frogs are here naturally because of their great success over the past several seasons but they do return just 8 starters on off/def and lose their leader in QB Andy Dalton. Their schedule is not yet finalized as they are missing a couple of non-conf games but their biggest test looks to be a road game at Boise.

Here are some other odds: