Trailing by one, 70-69, with under a minute to play, Verdell Jones III stole the ball from Ohio State's Aaron Craft. Jones threw the ball down the court for Oladipo, who made a layup with 36 seconds remaining.
Craft then failed to control a pass under the basket and the ball went out of bounds. Jordan Hulls made 1-of-2 from the foul line at the other end to make it 72-70 with 13.4 ticks to go.
Watford made both foul shots to give the Hoosiers wins over the AP No. 1 and No. 2 teams in the same season for the first time in program history.
Indiana (13-1, 1-1 Big Ten) upset then No. 1 Kentucky by a 73-72 margin on December 10th.