Using the odds for the whole field, and not knowing what happens at the conference tournaments, I put 1 champ odds at 10.9%, or almost 10:1.
Using odds based on how PSU typically performs, and not knowing what happens at conference tournaments, I put 1 champ odds at 0.3%, or about 330:1.
So if you believe this team is different than past PSU teams, take the 50:1.
But if you are worried they are the same guys they have been, you might want to walk away.