Redshirt
Matchup preview

Toledo vs Michigan State

Toledo visit Michigan State in Week 1. The model favors Michigan State by 10.1. Win probability, the tale of the tape, and the all-time series, all from real data.

Win probability
27%
73%

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

The read
Model analysis · September 2 · refreshed weekly

The model and the market agree on direction and split on degree. SP+ separates these teams by 11.3 rating points, Michigan State at 2.2 (rank 62) against Toledo at -9.1 (rank 101), and projects the Spartans by 13.7. The consensus line across two books sits at Michigan State -9.5 with a total of 47, roughly four points shy of the model number. Win-probability tells the same story: the model prices Michigan State at 80 percent, the ProphetX exchange at 78 percent, and the market at 72 percent, leaving the model most confident in the favorite.

Unit ranks explain the edge. Michigan State grades ahead on both sides, offense #58 to Toledo's #114 and defense #61 to #75, so the projected margin is driven more by the gap in Toledo's attack than by any Spartan dominance. Neither profile is strong in absolute terms, and the 47-point total reflects that.

Season simulations complicate the single-game read: across 10,000 runs Toledo projects to seven wins against Michigan State's five, with Playoff odds of 1.4 percent and 1 percent and no title path for either. The favorite here is the weaker team over a full year, which is why the market's 72 percent trails the model's 80.

Model backs Michigan State harder than the market, 13.7 projected to a 9.5 line, even as Toledo grades better over a full season.

Matchup odds
Consensus line · 3 books
Spread
MSU -10
Total (O/U)
48.5
Favorite
MSU
Moneyline win probability (implied from the spread)

Real consensus line across 3 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
Toledo1%-18 ptsvsMichigan State99%+18 pts
0%25%50%75%100%Toledo favoredMichigan State favoredAug 19Aug 22Aug 25Aug 28Aug 31Sep 3Sep 5

Real daily prices from the market to win this game, shown as Toledo's win price; Michigan State's is 100 minus it (the same market's other side). Above the 50% line Toledo is favored, below it Michigan State 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+
#87SP+SP+: Bill Connelly's tempo- and opponent-adjusted efficiency rating, expressed in points above average.#65
#52FPIFPI: ESPN's Football Power Index, an overall measure of team strength.#66
1646EloElo: a rating that rises or falls after each game based on the result and the quality of the opponent.1409
-Title oddsDe-vigged consensus probability to win the national title, averaged across the prediction markets we track.-
ToledoMichigan Statesolid = 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
More Week 1 matchups
Model previews for the rest of the slate
FAQ

Frequently asked questions

How do I trade the Toledo vs Michigan State game?

Kalshi lists winner markets for college football games. Sign up with code FADE (trade $25, get up to $500), open the Toledo vs Michigan State 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 Toledo and Michigan State play?

Week 1 of 2026, on Sep 5, 2026 at Michigan State.

Who is favored?

The model projects Michigan State by 10.1 (73% win probability), from SP+ ratings.

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

Trade this game
Code VAULT: trade $10, get $20
ProphetX →