As they prepare for the Fiesta Bowl, the Kansas State Wildcats are posted as 9.5 point underdogs at YouWager. This will be school’s first BCS bowl appearance in nearly ten years. The team’s quarterback, Heisman candidate Collin Klein, and his crew steamrolled nearly every opponent in the 2012 college football wagering season. The Wildcats went 11-1. Their only loss was to Baylor, late in the season. Last year, they were 10-3, and they played in the Cotton Bowl.

But the team’s on-field success is not the real story.

As a senior football wagering analyst at YouWager is fond of saying, ”If you want the real story, follow the money.” What even the sharpest sportsbook bettors may not know, is how much a team like Kansas State spends on its football program. From the years between 2009 and 2011, Kansas State reported football expenses of $38 million. The average, for major universities, according to YouWager’s college football expert, was $53 million for that time period.

This makes Kansas State one of the most profitable teams in college football.

To determine the most efficient college football teams, financially, YouWager’s college wagering pro looked at each team’s average, for three years, for the amount the team spent on each win. YouWager’s oddsmakers calculated the effect that one year’s expense had to the performance on the field. On average, Kansas State spent $1,445,623 for each win, during the last three college football wagering seasons. Behind them are the Stanford Cardinals with $1,522,942 per victory and the NC State Wolfpack with $1,580,752 per victory.

Oregon, LSU, and Oklahoma, are the only three big teams in YouWager’s survey to qualify as the most valuable teams (financially) in college football betting.

If only the rewards for profit were as obvious on the field. YouWager’s college football wagering fans won’t get to see two of the best moneymaking teams in college football play in a bowl game this season. Connecticut and North Carolina are out of the picture. The Huskies didn’t qualify, and the Tar Heels are sitting one out because of NCAA sanctions.

YouWager’s hardcore college football bettors may remember that back in 1989, Kansas State had the worst record in NCAA football betting.

Things changed in 1989, when the school hired Bill Snyder as head coach. The team was ranked Number One in the country in 1998, and they won a Big 12 championship in 2003. In the years between 1993 and 2003, Snyder’s teams went 109–29–1 and had 11 straight bowl appearances. Snyder retired after the 2005 season, and Ron Prince is now the head coach.

In the Fiesta Bowl, the Wildcats will face Oregon, a 9.5 point favorite at YouWager. The total for this projected shootout is 76. The Fiesta Bowl gets underway on Thursday, January 3rd.