Vanderbilt is correct. We would be low double digit favorite over Vanderbilt. The line against Kentucky would be low but they currently would be slight favorite. Everybody else in the SEC would be favored over the Canes by considerably more than that.
It doesn't require guesswork. All you have to do is check the power ratings. That's where the odds stem from, even if lots of fans still prefer the mysterious version incorporating trends and all type of sophisticated analysis. That never fails to bust me up. In the old days the oddsmakers literally used to carry around the weekly copy of The Gold Sheet. They have a power ratings table. Then other power ratings versions started to show up. Las Vegas wasn't afraid to steal each one and blend them into a consensus. It's the exact philosophy that Nate Silver uses so effectively for political forecasts. He takes every poll and combines them, while astutely adjusting here and there via sensible variables. That's no different than applying a home field allotment.
I remember when Jeff Sagarin's numbers showed up in the '80s. Lots of guys in Las Vegas used them successfully before the sportsbooks figured it out and included those numbers. When I walked into oddsmakers meetings in the late '80s and early '90s, literally every guy had the USA Today sports page opened up to Sagarin's numbers.
Sagarin is still a great basic power rating reference point:
http://www.usatoday.com/sports/ncaaf/sagarin/2014/conference/
Miami is slightly above 74. Vanderbilt is just below 59. Kentucky is 75+. And so forth. I linked the version separated by conference.