ASU Football: Sun Devils' national championship odds set at 100/1

Bovada, an official Las Vegas sports book, released its 2016 odds for each team's chances of winning the 2016 National Championship. Below is a list of major teams' odds, with Pac-12 teams in italics and Arizona State in bold:

Ohio State 11/4
Alabama 7/1
TCU 7/1
Auburn 9/1
USC 16/1
Baylor 20/1
Michigan State 20/1
Notre Dame 20/1
Clemson 22/1
Oregon 22/1
Florida State 25/1
Georgia 28/1
LSU 28/1
Oklahoma 28/1
Stanford 33/1
UCLA 40/1
Arkansas 50/1
Michigan 50/1
Mississippi 50/1
Tennessee 50/1
Texas A&M 50/1
Georgia Tech 75/1
Arizona State 100/1
Florida 100/1
Kansas State 100/1
Mississippi State 100/1
Nebraska 100/1
Oklahoma State 100/1
Penn State 100/1
Texas 100/1
Virginia Tech 100/1
Wisconsin 100/1
Arizona 150/1
Boise State 150/1
Louisville 150/1
Miami 150/1
Missouri 150/1
South Carolina 150/1
BYU 250/1
Utah 250/1
North Carolina 300/1
West Virginia 300/1
Boston College 500/1
California 500/1
UCF 500/1
Cincinnati 500/1
Duke 500/1
Iowa 500/1
Marshall 500/1
Maryland 500/1
Minnesota 500/1
Northwestern 500/1
Oregon State 500/1
Pittsburgh 500/1
Rutgers 500/1
South Florida 500/1
Texas Tech 500/1
Washington 500/1

In comparison to last season, Arizona State's odds of winning is actually lower than they were last season, as the Sun Devils were projected at 66/1 for the 2015 National Championship despite a "rebuilding year.

Bovada also released the odds of each team winning the 2015 Pac-12 Championship Game:

USC 2/1
Oregon 12/5
Stanford 7/2
UCLA 7/2
Arizona State 9/1
Arizona 20/1
Utah 33/1
California 40/1
Colorado 200/1
Oregon State 33/1
Washington 200/1
Washington State 200/1

Betting odds aren't usually the best forecasters, but they're still interesting considering there are people and other entities whose money rely on these lines.