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Penn State's Season Odds

Gambling addicts, here are some preseason odds for Penn State, as provided by bodog:

Odds to win 2008 BCS National Championship:
Penn State 50/1

2008 regular season wins -- Penn State:
Over 8 1/2 (-130)
Under 8 1/2 (Even)

Odds to win Big Ten Championship:
Ohio State 2/5
Wisconsin 7/2
Illinois 4/1
Penn State 11/2
Michigan 13/2
Iowa 10/1
Michigan State 11/1
Purdue 12/1
Northwestern 20/1
Indiana 30/1
Minnesota 55/1

Will Joe Paterno return to Penn State for the 2009 season?
Yes -200
No +150

Here's what I'll wager:
$1 on Penn State's 50/1 odds of winning the national championship.
$100 on Penn State winning more than 8 1/2 games.
$5 on Penn State's 11/2 odds of winning the Big Ten.
And my Avalon shorehouse (yeah, right) on "Yes," Joe Paterno will return for the 2009 season.