(The Spread) – “Tattoogate” involving Jim Tressell and the Ohio State football program has not affected the Buckeyes’ national title odds in 2012.

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Oddsmakers from online sports book Sportsbook.com list Ohio State’s odds to win the 2012 National Championship at +1500. Two weeks ago the Buckeyes were +1600 and when the odds opened several months ago, they were +2000 on the money line.

The allegations against Tressel are that he knew several of his players were trading memorabilia for tattoos at a local Columbus parlor. In fact, the original Yahoo! Sports report claims that Tressel knew about what was going on a full eight months prior to the NCAA handing out a six-game suspension to those players, which includes star quarterback Terrelle Pryor.

If Tressel knew, there’s a chance that the NCAA can punish him. What kind of punishment would this entail? That’s unclear at this point but there’s a possibility that the university could fire him.

If that happens, Ohio State’s odds would change in a blink of an eye. They’ve gone to six-straight BCS bowl games under Tressel and two BCS national championships during that time. If he were to leave the program, the Buckeyes would be in disarray – especially considering Pryor and Co. would be suspended for the first six games of the 2011 college football season.

Stay tuned.

Update: Tressel has been given a two-game suspension and will serve a fine.

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