One can always hope your opponent is stupid like Nebraska vs UCLA in 2010. Nebraska's captain was given the choice and said "we will kick off". They did and then UCLA had option in second half and chose to receive. UCLA had the same luck vs Texas in 2014 when UCLA won the toss and deferred and Texas chose to kick off which gave UCLA the ball to start both halves. I don't think whether you receive or defer makes much difference overall though deferring can be beneficial against stupid opponent. Still 90% of college coaches chose to defer.