I feel like neither Texas nor Oklahoma having better than +2000 odds seems off.
Texas in particular has a non-conference schedule that sets up nicely for them to make the playoff if they manage to win the Big Twelve, with their road trip to Alabama.
The Alabama game makes Texas less likely to make the playoffs, not more. A one loss Texas Big12 champ makes it, TCU should make that clear. But a two loss Big 12 champ? Probably not. The playoffs, especially when its only 4 teams, rewards Power 5 schools with easier schedules. 2023 Georgia tops the chart in part because their OOC schedule is vs UT Martin, vs Ball State, vs UAB, and @ GA Tech all of which will feature Georgia as at least 3 score favorites.
You're misunderstanding what I'm saying. Given how well Texas played Alabama this past year, I think they beat Alabama thus upcoming year.
As the financial ads say: Past performance is no guarantee of future results.
