Penn State is the other flawed favorite for the Big Ten title. They have to replace three starters on the offensive line, all three wide receivers and the entire secondary. Again, the Nittany Lions benefit from a generally down Big Ten, but have potential road blocks in Illinois and Michigan State. Penn State joins USC and Rutgers, so far, as teams that should be favored in every game.
Penn State does benefit from a weak non-conference schedule. They should be favored by three touchdowns or more in every game. Interestingly, Penn State has a better chance than tOSU to go undefeated, but should be installed as the second favorite to win the Big Ten. That's what happens when you don't play USC.
If you are high on the Nittany Lions, then the 40-1 available at Cal Neva a month ago was an absolute steal. Right now, you can get them at 30-1 offshore, which still isn't a bad deal from the median lines. Like most teams with an integer win total, there is no value in Penn State at nine.