Your moment in Yahoo Sports! stupidity

Can you point out the error in this assessment of Ohio State's Final Four chances? I'll give you a hint in bold.

Ohio State
Region: West
Who they beat: No. 15 Iona, No. 10 Iowa State
Odds of getting to the Final Four: 8/1
Why they can do it: They're now the favorite in this region after other high seeds such as No. 1 Gonzaga and No. 3 New Mexico lost during the first weekend. Guard Aaron Craft might be the nation's best defender.
Why they can't: The Buckeyes are sometimes too reliant on junior forward Deshaun Thomas for scoring. If he's not making shots, they can really struggle offensively.

So, you're saying that Ohio State is the favorite of the remaining 4 teams in this region to make the Final Four, so you put their odds at 8 to 1?