Redshirt
Analysis

Win-Total Value: Alabama, Oklahoma Screen Cheapest

Win-total value screen: the model flags Alabama and Oklahoma as the CFB contracts trading cheapest to fair value, while Ohio State and Texas run rich.

By The Model Desk · 2026-08-20
Analysis
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Key takeaways
  • Alabama trades at 2c on Polymarket against a model fair value of 2.3%, the only board contract priced below the model.
  • Oklahoma sits at 2c on Polymarket versus 2.1% fair value, effectively at par and among the cheapest relative to the model.
  • Ohio State and Notre Dame carry the widest premiums, priced 13c on Kalshi against 11.1% fair value.
  • Indiana (9c vs 8.5%) and Miami (8c vs 7.6%) show the tightest premiums among the top favorites.
  • The value screen ranks teams by the gap between de-vigged fair value and the cheapest venue price, not by headline odds.

The model's value screen flags Alabama and Oklahoma as the cheapest college football contracts relative to fair value. Alabama trades at 2c on Polymarket against a model fair value of 2.3%, the only name on the title board priced below the model. Oklahoma sits at 2c versus 2.1%, effectively at par. Everywhere else on the board, price runs ahead of the model.

How the model spots a mispriced team

The method is simple to state. The model builds a de-vigged consensus fair value for each team from prices across Kalshi and Polymarket, then compares that number to the cheapest venue price available. When the best price sits below fair value, the contract screens cheap. When it sits above, the buyer is paying a premium to the model.

On the current title board, most contracts carry a premium. That is expected: quoted prices bake in a margin, and favorites tend to trade richest because demand concentrates at the top. The screen is not about who is likely to win; it is about where the price and the model disagree by the most cents.

Season win-total contracts trade on the same venues and respond to the same fair-value logic. The title board is the cleanest cross-team read the model has, so it serves as the reference for where season equity is priced tightest.

Which teams screen cheapest?

Alabama is the standout. A 2c price against 2.3% fair value is the one spot on the board where the cheapest venue undercuts the model. Oklahoma is next, with 2c against 2.1%, a contract trading at par rather than at a markup.

Among the favorites, Indiana and Miami show the tightest premiums. Indiana prices 9c on Kalshi against 8.5% fair value, and Miami prices 8c against 7.6%. Neither is cheap in absolute terms, but both sit closer to the model than the teams above them. LSU, at 6c on Polymarket versus 4.9%, carries a wider gap for a mid-board name.

The chart below sets each team's model fair value against its best available price. The two columns move together at the bottom of the board and separate at the top.

Model fair value vs best price
Ohio State FV11.1%
Indiana FV8.5%
Miami FV7.6%
LSU FV4.9%
Alabama FV2.3%
Oklahoma FV2.1%

Where price runs ahead of the model

The rich end of the board is concentrated in the co-favorites. Ohio State and Notre Dame both price 13c on Kalshi against 11.1% fair value, the widest premiums on the screen. Texas prices 12c against 10.2%, and Oregon 11c against 9.9%. Georgia rounds out the group at 10c against 8.8%.

These are not verdicts against the teams; they are notes on cost. A buyer at the top of the board pays roughly two cents over model on the leaders, which is the price of crowding into the market's preferred names.

The best-price column below shows how the cheapest venue quote climbs as fair value rises, with Alabama and Oklahoma anchoring the floor at 2c.

Best price by team
Ohio State13c
Indiana9c
Miami8c
LSU6c
Alabama2c
Oklahoma2c

How to trade the value

Venue matters. Alabama, Oklahoma and LSU show their best price on Polymarket, while Ohio State, Notre Dame, Texas, Oregon, Georgia, Indiana and Miami price cheapest on Kalshi. Reading the model against the cheapest venue is the point of the screen; paying up at the wrong exchange erases the edge before the season starts.

For traders sizing new positions, Polymarket runs code TGSWC (deposit $20, get a $50 trading bonus) and Kalshi runs code FADE (trade $25, get up to $500). Both venues carry the contracts referenced here.

None of this is a forecast of results. A fair value is an estimate, and both the model and the market can be wrong. The screen describes relative value on the board as of the latest prices, and nothing more.

TeamsAlabamaOklahomaOhio StIndianaMiamiLSU
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Frequently asked questions

What does win-total value mean in CFB prediction markets?

It refers to contracts whose traded price sits at or below the model's de-vigged fair value, implying the market is not overcharging for a team's season equity. The screen ranks teams by the gap between fair value and the cheapest venue price.

Which CFB teams does the model call mispriced right now?

Alabama is the clearest case, priced 2c against a 2.3% fair value. Oklahoma follows at 2c versus 2.1%, trading roughly at par while most of the board carries a premium over the model.

Where are Alabama and Oklahoma cheapest to trade?

Both show their best price on Polymarket at 2c. The top-of-board favorites, including Ohio State, Notre Dame and Texas, price cheapest on Kalshi.

What is de-vigged fair value?

It is the consensus probability left after stripping the market's built-in margin from quoted prices across venues. The model uses it as the reference point to judge whether a contract is rich or cheap.

Do these prices guarantee a profit?

No. A model fair value is an estimate, and both the price and the model can be wrong. The figures describe relative value on the board, not an assured outcome.

About the author
The Model Desk

The Redshirt Analytics modeling team prices every college football futures contract and tracks the gaps between fair value and live market prices on Kalshi, Polymarket and ProphetX.