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Matchup preview

San Diego State vs Toledo

San Diego State visit Toledo in Week 4. The model favors San Diego State by 0.5. Win probability, the tale of the tape, and the all-time series, all from real data.

Win probability
51%
49%

Model win probability from SP+ ratings + home-field edge.

The read
Model analysis · September 23 · refreshed weekly

The model and the market sit on opposite sides of a coin-flip. SP+ rates San Diego State at -2.5 (rank 78) against Toledo at -5.4 (rank 87), and that three-point ratings edge translates to a projected margin of San Diego State by 0.5 and a 51% Aztec win probability. The consensus line reads the other way: Toledo -3 on a 52.3 total, implying 57% for the Rockets, and the ProphetX exchange echoes it at Toledo -140 (58%) with San Diego State available at +134 (43%). That is roughly a full touchdown of disagreement between a model leaning San Diego State and a market pricing Toledo as the clear side.

Unit ranks explain the noise: neither offense is trusted (San Diego State #98, Toledo #101) and both defenses grade mid-pack (#67 and #76), so a 52.3 total leans on shootout math. Results back that read for Toledo, which survived Temple 49-48 and buried Central Connecticut 63-10 after a 20-30 loss at Michigan State. San Diego State opened 53-20 over Portland State but scored 10 at UCLA and 13 versus James Madison. Season projections favor Toledo at 7.9 wins to 5.1, and the only prior meeting went San Diego State 17-14 in 2022.

A model coin-flip leaning San Diego State collides with a market pricing Toledo near -3, and recent scoring backs the Rockets.

Matchup odds
Consensus line · 2 books
Spread
TOL -3
Total (O/U)
52.3
Favorite
TOL
Moneyline win probability (implied from the spread)

Real consensus line across 2 sportsbooks. Spread and total are the current market number; the win probabilities are implied from the spread.

Matchup odds price history
The market to win this game · daily prices, colored by the favorite
San Diego State43%-42 ptsvsToledo57%+42 pts
0%25%50%75%100%San Diego State favoredToledo favoredSep 20Sep 21Sep 22Sep 23

Real daily prices from the market to win this game, shown as San Diego State's win price; Toledo's is 100 minus it (the same market's other side). Above the 50% line San Diego State is favored, below it Toledo is, and each candle takes the favored team's color. Kalshi shows open-high-low-close candles (filled body closed up, hollow closed down). As of Sep 23.

Tale of the tape
Percentile vs FBS · 2025 stats, 2026 SP+
#78SP+SP+: Bill Connelly's tempo- and opponent-adjusted efficiency rating, expressed in points above average.#87
#67FPIFPI: ESPN's Football Power Index, an overall measure of team strength.#52
1528EloElo: a rating that rises or falls after each game based on the result and the quality of the opponent.1646
-Title oddsDe-vigged consensus probability to win the national title, averaged across the prediction markets we track.-
San Diego StateToledosolid = better, faded = trailing
What these metrics mean
SP+. SP+: Bill Connelly's tempo- and opponent-adjusted efficiency rating, expressed in points above average.
FPI. FPI: ESPN's Football Power Index, an overall measure of team strength.
Elo. Elo: a rating that rises or falls after each game based on the result and the quality of the opponent.
Title odds. De-vigged consensus probability to win the national title, averaged across the prediction markets we track.
Off PPA. PPA (Predicted Points Added): the average point value each play adds. Higher is better for offense, lower for defense.
Success. Success rate: the share of plays that stay on schedule (roughly 50% of needed yards on 1st down, 70% on 2nd, 100% on 3rd/4th). Higher is better.
Explosive. Explosiveness: the average value of a team's successful plays, i.e. how big its good plays are when they hit.
Yards/game. Total yards gained per game.
Success allowed. How often the defense allows an on-schedule play (enough yards for the down). Lower is better.
Havoc. Havoc rate: the share of plays where the defense makes a tackle for loss, forced fumble, interception, or pass breakup.
Yards allowed. Total yards allowed per game. Lower is better.
Efficiency profile
Percentile vs FBS · 2025
Recent series
San Diego State lead 1-0
20222022
Head to head
Every meeting in our records
2022
17-14
San Diego State
at San Diego State
More Week 4 matchups
Model previews for the rest of the slate
FAQ

Frequently asked questions

How do I trade the San Diego State vs Toledo game?

Kalshi lists winner markets for college football games. Sign up with code FADE (trade $25, get up to $500), open the San Diego State vs Toledo market when it posts, and buy YES on your side; the price in cents equals the market's implied win probability. You can sell before kickoff or settlement at the current price.

When do San Diego State and Toledo play?

Week 4 of 2026, on Sep 26, 2026 at Toledo.

Who is favored?

The model projects San Diego State by 0.5 (51% win probability), from SP+ ratings.

What is the all-time series?

San Diego State lead 1-0 over the meetings in our records.

Full schedule → · Both teams' playoff odds, from 10,000 simulations →

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