The calendar has turned the page to June, moving us less than three months away from the start of another college football season. This is the perfect time of year to start putting your own game plan together for another profitable season of wagering on the games.

A vital part of that strategy is keeping yourself abreast of any new developments that could end up having a major impact on a team’s odds for a run at a conference championship and possible BCS national title.

To help you along, the following is a look at this week’s most interesting news and notes from the world of college football.

Arkansas develops plan for suspended players

Tyler WilsonBovada currently has the Arkansas Razorbacks at 20/1 odds to win this season’s national title, which is already a substantial drop off after the whole Bobby Petrino scandal earlier this year. Now interim coach John L. Smith is faced with the prospect of starting the season without wide receivers Marquel Wade and Maudrecus Humphrey and tight end Andrew Peterson, who were arrested in mid-May for burglarizing dorm rooms on campus.

A hearing is scheduled for June 15 to determine what future punishment these three may face but, if for some reason they were reinstated to play football in the fall, Smith has already made it known that they would have to follow the specific conditions of a set plan to “earn your way back on this team.” The actual details of the plan were not released, but Smith alluded to the fact that each player is facing a long road to being on the active roster come September.

McGloin tagged to be Penn State’s starting signal caller

Throughout the spring practice, there was speculation as to which quarterback on Penn State’s roster would get the start for new head coach Bill O’Brien, but that all ended last Friday when he announce that senior Matthew McGloin would indeed get the nod.

McGloin, who has 10 starts under his belt over the past two seasons, beat out sophomore Paul Jones, who just became academically eligible this spring. O’Brien stated that McGloin was clearly the most consistent quarterback on the field and gives the Lions the best chance to win at this point. Rob Bolden was also in the mix, but he has been named as the No.3 quarterback despite starting the past two regular season openers. Penn State is currently listed at 100/1 odds to win this season’s BCS title with Iowa, Michigan State, Wisconsin, Nebraska, and Michigan all having lower odds.

Big Ten clarifies its official preferences for the bowl system

With all the talk of a proposed four-team playoff for a national title possibly coming to fruition in 2014, the major conferences continue to expound on their position in relation to the current bowl system’s role in any of these changes. The Big Ten publically stated that it is still in favor of maintaining the status quo for the college football postseason, which would keep the current bowl alliances intact. They next acceptable scenario would be a ‘plus one’ format to determine the national champion followed by a four-team playoff as the third option.

The primary concern was to maintain and preserve the prestige and integrity of the Rose Bowl, which annually pits the top team in the conference against the top team from the PAC-12, unless either of both conference champions qualify for the actual title game.