With Boise State off to the rebuilt Pac-12, the Mountain West enters 2026 without its three-time defending champion, and bookmakers have New Mexico as a razor-thin favorite to fill the void at +275.
The Broncos’ departure closes the book on one of the most dominant runs in conference championship history — Spencer Danielson became just the second coach ever to win three straight conference titles in his first three tries, and Boise State beat UNLV in all three of those meetings.
With that dynasty gone, the league also welcomes North Dakota State, a newcomer making the jump up from the FCS ranks after years as one of that level’s premier programs.
2026 Mountain West Championship Odds: Full List
- New Mexico Lobos +275
- UNLV Rebels +280
- North Dakota State Bison +300
- Hawai’i Rainbow Warriors +475
- Air Force Falcons +500
- Wyoming Cowboys +2200
- San Jose State Spartans +2500
- Nevada Wolf Pack +2800
- Northern Illinois Huskies +6000
- UTEP Miners +8000
Note: Odds are subject to change.
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UNLV Among Monutain West Conference Championship Odds Favorites
UNLV enters as essentially a co-favorite at +280 after three straight trips to the title game, all of them ending in defeat at the hands of Boise State.
Dan Mullen’s first season in Las Vegas produced a 10-win campaign and yet another title-game appearance, and with the Broncos no longer standing in the way, the Rebels finally look like the team to beat rather than the perennial bridesmaid.
New Mexico sits just ahead at +275, a program that was part of last year’s four-way logjam at the top of the standings before narrowly missing the title game on tiebreakers.
With continuity and a strong finish to build on, the Lobos have real momentum heading into the season.
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North Dakota State Arrives With Immediate Credibility
North Dakota State’s price of +300 might be the most eye-catching number on the board for a program in its first FBS season.
That’s a reflection of just how dominant the Bison have been at the FCS level for over a decade, and oddsmakers clearly aren’t treating this like a typical transition year.
Whether that pedigree translates immediately against a deeper pool of scholarship talent remains the biggest question mark on the entire board.
Hawai’i and Air Force round out the next tier at +475 and +500, respectively, both programs with distinct offensive identities capable of stealing points and stealing games against a conference that no longer has a clear-cut top dog.
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A Long Way Down to the Bottom of the Board
Wyoming checks in at +2200, followed by San Jose State and Nevada in the +2500-to-+2800 range, all programs viewed as capable of a surprise run but unlikely to be considered true frontrunners.
Northern Illinois, fresh off its own jump from the MAC, and UTEP round out the board as the clear long shots.
With Boise State gone and no team having won the league in years outside of the Broncos, this is genuinely the most wide-open the Mountain West has looked in a long time.
Don’t be surprised if this board shuffles considerably once conference play sorts out which of these contenders is for real.
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