A team could be 49.9% likely to win each game, so while they aren't favored in any specific game, the overall prediction would still be 6-6.

FWIW, here's BYU's predictions

• @Arkansas: 20.8%. This feels low to me. I get that it's a road game and that BYU hasn't looked good.  But Arkansas hasn't shown much either, and feels like they're getting a bit of extra credit based on their one winning regular season in the last 6 years. Arkansas's opponents have been as bad as BYU's. I get Arkansas being favored, but would put BYU's odds at 35+%, probably closer to 40
  • Predicted Record after this game -> FPI: (2.21-0.79), Krindorr: (2.38-0.62)
• @Kansas:  33.4%. This seems about right to me.  Again a road game, against a similar quality team as Arkansas with an elite QB, but not the quality of team around them to be great.  I'd probably put the odds again in the 35-40% range, but this seems reasonable
  • Predicted Record after this game -> FPI: (2.54-1.46), Krindorr: (2.75-1.25)
• Cincinnati: 26.3%. This is a TERRIBLE prediction. Cincy has seen a huge FPI bump for beating Pitt...but we're not really sure Pitt is good. We're playing at home, on a weeknight, with a 10:15PM Eastern (i.e. Cincy time) kickoff. I'm not sure FPI is giving that enough weight. The end of the game is going to be 1 AM body lock time for them. I honestly have to put on my anti-BYU homer glasses to not think we should be favored. Call this one a 50/50 tossup
  
  • Predicted Record after this game -> FPI: (2.80-2.20), Krindorr: (3.25-1.75)
• @TCU: 24.6%. Not as bad as the Cincy prediction, especially with TCU getting the home game...but I'm also not convinced TCU is that good. They benefited from a statistical anomaly, winning every close game last year...and then lost all their best players. I don't think BYU is great...but neither is TCU.  I'd say the odds are about 30-35%
  • Predicted Record after this game -> FPI: (3.05-2.95), Krindorr: (3.58-2.42)
• Texas Tech: 31.5%. Honestly...this number seems reasonable to me.  I think BYU is better than we've shown (and we're playing at home), but I also believe that Texas Tech is better than the loss to Wyoming. Sometimes weird results just happen and Texas Tech looked pretty good against Oregon before self-destructing late. This late in the season, I expect them to have either worked out some issues...or completely have combusted and quit.  For now, I'll say BYU odds are 30-35%, but that number will swing wildly one way or another by the time we play.
  
  • Predicted Record after this game -> FPI: (3.37-3.63), Krindorr: (3.90-3.10)
• @Texas: 4.2%. There was a lot of initial anger when FPI gave us only 5% chance of winning this game...and now it's down to 4.2% - but probably with a lot less anger about it. I'll say BYU has a 5-10% - definitely unlikely but not impossible. People underestimate black swan events
  • Predicted Record after this game -> FPI: (3.41-4.59), Krindorr: (3.98-4.02)
• @West Virginia: 32.8%. Like Cincy, this one just seems out of wack to me.  BYU hasn't looked like a good team so far...but neither has West Virginia.  In deference to BYU having to travel east (and my continuing effort to not get carried away in my fan mindset), I'll give the slight edge to West Virginia, but BYU has a 45-50% chance in this game
  • Predicted Record after this game -> FPI: (3.74-5.26), Krindorr: (4.45-4.55)
• Iowa St: 42.7%. I simply don't believe Iowa St is a good football team.  Plus we get them at home... Like Cincy, this requires every ounce of restraint I have to not call BYU the favorite, but I'm trying to be harsh here, so I'll call it a 50/50 tossup
  • Predicted Record after this game -> FPI: (4.16-5.84), Krindorr: (4.95-5.05)
• Oklahoma: 9.2%. I do believe in Oklahoma - I think they're probably the second best team in the Big 12 this year (Kansas St also has an argument) - so agree they should be heavily favored.... but I do think many statistical systems underestimate the likelihood of unlikely events and we're at home, so I'll give BYU a 15% shot
  • Predicted Record after this game -> FPI: (4.26-6.74), Krindorr: (5.1-5.9)
• @Oklahoma St: 25%. In contrast to Oklahoma, I DO NOT believe in Oklahoma St. They've lost a lot of talent and have looked pretty weak against some bad opponents (something we can relate to).  It's on the road and Gundy has a history of figuring it out...so I'll say 40% chance of a win
  • Predicted Record after this game -> FPI: (4.5-75), Krindorr: (5.5-6.5)

So FPI has BYU winning 2.5 more games, even if we're not favored in any one game.  Even trying to be intentionally negative and avoid falling into the fan trap, I have us more likely to win 5 or 6 games, which I think is VERY much in play.  We're almost certainly not winning 10 games or challenging for the conference...but bowl game eligibility is still a reasonable goal - no different than at the start of the season