As a gambling degenerate, I always have my eye on a number of different offshore sites looking at new postings.
Bookmaker.eu just posted some "College Football Special Props", and they have odds on Week 1 starting QBs for a number of teams including Michigan. I found the odds MUCH closer than I would have anticipated.
Michigan Starting QB Week 1
Speight -105 (51.22% implied probability, meaning you need to bet $105 to win $100)
Peters +110 (47.62% implied probability, meaning a $100 bet wins $110)
Almost a coinflip. This does not mean they have inside info or anything, and this isn't a Vegas prop it's only offshore, but setting close to even was quite surprising to me. I would have had Speight closer to 60-70%.