The following is a look at this week’s most interesting news and notes from the world of college football. Who has imporved their standings in the eyes of the College Football odds makers, and who has fallen down the ladder?

The final countdown to the start of another college football season is in full swing as teams all over the country teams begin to open summer camp in preparation for their opening-day games the first weekend in September.

Now is the perfect time to finalize your betting strategy heading into the new season in order to ensure a profitable return on investment. A vital part of this strategy is to make sure you stay on top of any new developments that may have a direct impact on this year’s top contenders’ chances to win both their conference and BCS national title. Sometimes it is the simplest things that could end-up affecting a particular team’s current odds that have already been posted by a good majority of the major sportsbooks in the gaming industry.

The exodus from Penn State continues

The fallout from the Jerry Sandusky child sex abuse scandal at Penn State continues as player after player has decided to use the ability to freely transfer from the school without having to sit out a year to their advantage in an effort to revitalize what is left of their college career.

To date, eight players have decided to opt out of their current scholarship at Penn State to play for a different team this season. Back-up quarterback Rob Bolden has left for LSU and defensive tackle Jamil Pollard has decided to transfer to Rutgers, but one of the hardest hits to the Lions was the loss of running back Silas Redd, who decided to switch coasts and join Lane Kiffin’s program at USC. Redd led the team in rushing last season with 1,241 yards on 244 carries for an average of 5.1 yards an attempt. USC had already been opened by Bovada as the odds-on-favorite to win a national title this year and is now listed at 13/4.

Another tough loss to the offense was wide receiver Justin Brown, who reportedly told the staff at Oklahoma that he plans to transfer and play football for the Sooners this season. Brown was Penn State’s second-leading receiver last season with 35 receptions for 517 yards and two touchdowns. Oklahoma is an even money 1/1 favorite to win the Big 12 this season and a 10/1 fifth college football odds favorite to win the BCS title.

TCU decides the fate of Casey Pachall

TCU Horned FrogsDie-hard TCU Horned Frog fans breathed a sigh of relief this past week when head coach Gary Patterson announced that starting quarterback Casey Pachall would not be suspended for any games as a result of his failed drug test for marijuana this past February. Pachall admitted he had used the drug when he failed the test and completed a drug and alcohol counseling program as mandated by the university. The junior signal-caller apologized for his actions as players began returning to school for the start of training camp by stating “With the expectations I have when I step on the field, I need to have those same expectations when I step off the field as well”.

This will be TCU’s first season in the Big 12 after deciding to part ways with the Mountain West. It has been opened as 65/1 longshots to win a national title this year, but the Horned Frogs are 11/2 third favorites to win the Big 12 Conference Title.

Initial USA Today Coaches Poll is released

The 2012 preseason USA Today Coaches Poll was released last week and as expected LSU, Alabama, and USC head the list as the top three teams in the nation. The Tigers have been ranked No.1 but there is just a four-point difference between them and the Crimson Tide and a 15-point difference with the third-place Trojans. Oklahoma and Oregon round-out the rest of the top five.

LSU has been opened by Bovada as a 4/1 second-favorite after USC to win this season’s national title, while the defending champion Tide have been opened as 6/1 third favorites to repeat this year.