NCAA Football conference championship futures rules
If the conference has an official championship game, the winner of the championship game is deemed to have won that conference.
If the conference has co-champions, the first team picked by the BCS is graded as a winner, and all other teams are losers. If a conference has co-champions, and no team is picked by the BCS, ALL team bets will be graded as “No action” and refunded.
For divisional odds within conferences, the team participating in the conference championship game will be considered to have won that division.