Sounds like a decent number of folks in the desert are doing just that. Some of you may have seen this link over on EDSBS this morning, but the Las Vegas Hilton released their season win total "Over/Unders" for about 20 teams.
The Dawgs are a reasonable 8.5, but the interesting part is the "juice" is -160 on the over, (basically meaning one must risk 160 to win 100 on the over, and meaning one would receive roughly 130ish for a bet of only 100 on the under) meaning far more money initially went to the over. One thing to keep in mind is that this only includes regular season games (no conf. titles or bowls).
What say you?