College Football Championship Odds: Georgia, Michigan Among Favorites in NCAAF Championship Odds is an independent sports news and information service. has partnerships with some of the top legal and licensed sportsbook companies in the US. When you claim a bonus offer or promotion through a link on this site, Gaming Today may receive referral compensation from the sportsbook company. Although the relationships we have with sportsbook companies may influence the order in which we place companies on the site, all reviews, recommendations, and opinions are wholly our own. They are the recommendations from our authors and contributors who are avid sports fans themselves.

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This college football season is as wide open as ever. Although Georgia () is still favored to win the National Championship and is still ranked #1, it seems as though their grip on the sport has weakened. That means it’s an excellent time for bettors to examine the latest odds to win college football championship.

The Georgia Bulldogs are still leading college football championship odds and for good reason. Rounding out the top five on betting boards is, Michigan (), Ohio State (), Texas (), and Florida State ()

Odds are subject to change throughout the season, and the prices vary depending on the sportsbook you use. So, make sure to always check back throughout the year for the latest college football national championship odds!

Click here to bet on college football championship odds at FanDuel today

College Football Championship Futures

Here are the odds to win college football championship available at the best sports betting apps today.

**Odds are updated daily.

Last weekend was probably the biggest in college football this season. Not only did we enjoy a lot of great matchups, but the CFP picture cleared up a little bit with Ohio State knocking off Notre Dame at the buzzer, and a few contenders, such as Washington (), Oregon (), and Alabama () showing that they belong in the National Championship conversation. 

While teams like Colorado, Oregon State, and Notre Dame might have taken a big blow in odds to win the college football championship, this already has all the makings of a wild, unpredictable season. Next weekend features even more ranked matchups, and as we start to enter conference play, the college football playoff picture will become clearer. 

The ranked matchups for this week include Oklahoma-Texas, LSU-Missouri, Kentucky-Georgia, and Notre Dame-Louisville.

CFB National Championship Odds: Best Bets

Let’s take a look at the latest college football national championship odds and break down the best NCAAF futures bets available today. 

Georgia ()

Georgia is still undefeated, but there is no denying that they have not looked as dominating as the previous two seasons. New starting quarterback Carson Beck has not been consistent, and outside of Brock Bowers, there is not a lot of depth in the skill rooms right now. 

Still, they rank in the top 10 in most defensive stats, and with one of the easiest schedules in college football, they should walk into the college football playoffs for the third straight season. 

Michigan ()

Like Georgia, Michigan is undefeated, but they have not really impressed in its victories. Head Coach Jim Harbaugh coached his first game of the season against Rutgers, and they still looked sluggish. They did something very similar last season but turned it out late to secure an undefeated season and a second-straight Big 10 title. 

However, once they get to the playoffs, the bottom drops out, and they look like the overmatched team. If the defense continues at this pace, Michigan will probably win the Big 10 for a third consecutive season. However, they must get better offensively, especially quarterback J.J. McCarthy. 

Ohio State ()

After turning the ball over on fourth & short with only a few minutes left to play, Ohio State looked like it was going to suffer its first ranked out-of-conference road loss since 2008 against USC. However, quarterback Kyle McCord and star receiver Emeka Egbuka led the Buckeyes down the field, and converted linebacker Chip Trayanum was able to score with one second left to give Ohio State a 17-14 win. 

Ohio State’s offense has not been as explosive as in previous seasons, but they did enough to get the job done, and the defense has been outstanding, ranking in the top five in scoring, yards per game, points per play, and yards per play. 

CFB National Championship Odds: Value Plays

Texas ()

Texas is back!

But a close call at home against Wyoming has soured the mood a bit in Austin after knocking off Alabama in Week 2. The Longhorns have one of the best wins in the country and probably should be ranked ahead of a few teams that have not looked as sharp this season (Michigan & Georgia). 

They have the quarterback, a dominating offensive and defensive line, and a great skill room. That is what you need to win a National Championship, and Texas, at this point, might be worth a bet at its current odds. 

Florida State

Florida State quarterback Jordan Travis has been one of the best players in the country this season, but back-to-back close calls against Boston College and Clemson have been troubling. 

The defense has also struggled, especially the secondary, as they rank 72nd in yards per pass and have given up a lot of chunk plays, especially on third down. Luckily, the offense is loaded, and with an elite quarterback, the Noles can beat any team in the country, as they have proved against Clemson and LSU. 

Penn State

The Nittany Lions are undefeated, and they have dominated in three of four games this season. Their lone close game came on the road at Illinois, where first-year starter Drew Allar struggled. 

In its other games, Penn State is outscoring opponents 173-35, and that includes a win over a decent West Virginia team and a dominating shutout over Iowa.

CFB National Championship Odds: Longshots

Anyone who put $1 down on TCU to win the college football national championship in July last year enjoyed the 2022 college football season immensely. Why? Because TCU’s college football championship odds on July 23 at BetMGM were +20000.

If the Horned Frogs won, that $1 turned into $201. Those brave/foolish enough to bet $10 stood to win $2,000! 

So, who could be this year’s TCU? What team(s) could be worth betting $1 on to win the CFP championship? Which team(s) could make the kind of jump TCU did? Check out our longshot picks below for more.

North Carolina

Not only is North Carolina undefeated, but they also have one of the top quarterbacks in the country. He may not be as flashy as the rest, but Drake Maye has been surgical this season and is showing why he should be a top pick in the NFL Draft.

The Tar Heels still have a few big tests on their schedule, including games against Duke, Clemson, and Miami. But with a surprisingly solid defense and an explosive offense, North Carolina is well worth a look at their current number to win the college football National Championship. 

Washington State

The Pac-12 has been the best conference in football this season, and Washington State, one of the few teams being left behind in the conference expansion era, just put up a big statement win over Oregon State. 

The Cougars are 4-0, and although they have a lot of big games left to play, the offense ranks eighth in scoring and 18th in points per play under quarterback Cam Ward. Defensively, they have had some problems against the pass and almost let Oregon State back in the game in the fourth quarter. 

That does not change how good this team has looked through four weeks, and if they can keep building momentum, Washington State may find a way to sneak into the CFP. 

Where to Bet on College Football National Championship Odds 2024

The following is a list of our top picks for sports betting apps accepting wagers on NCAAF futures:

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College Football Championship Line Movement & Implied Probability to Win

Betting lines shift for a variety of reasons throughout the season, college football playoff (CFP), and the offseason. This chart displays the latest college football championship line movement and the betting favorites’ implied probability of winning the 2024 title.


UGA Georgia +302 24.88%
MICH Michigan +393 20.28%
OSU Ohio State +687 12.71%
UT Texas +750 11.76%
FSU Florida State +825 10.81%
PSU Penn State +1175 7.84%
USC USC +1375 6.78%
OREG Oregon +1500 6.25%
WASH Washington +1500 6.25%
ALA Alabama +2150 4.44%

Implied probabilities are calculated using odds offered by Consensus.
Last Updated: 2023-10-03 00:00:00 PDT.

Why Do College Football National Championship Betting Lines Move?

The NCAAF futures odds shift for several reasons. Coaching changes, players graduating/leaving early for the NFL, losing/gaining players via the transfer portal, etc. But the primary reason why a line will move is that a significant amount of money gets wagered on a team. In such a situation, should that team win, the house loses. So, to protect themselves, sportsbooks will adjust the odds to encourage betting on other teams.

Unexpected line movements can happen when a few sharp bettors place a lot of money on one side of a bet.

What is Implied Probability?

Implied probability refers to the likelihood of a particular outcome based on the odds. For example, Georgia’s odds are . At those odds, the Bulldogs have a 29.41% implied probability the Bulldogs will three-peat as national champions.

You can use our implied probability calculator to figure out the implied probability for a wager.

How To Bet On NCAA Football Championship Odds

If you’re looking to bet on college football futures this year, it’s a perfect time to take advantage of amazing limited-time welcome offers available at sportsbooks today. Add more than one sports betting app to your playbook so you can line shop for the most competitive CFB national championship odds.

Here’s a step-by-step guide for betting on college football futures:

Choose Your Online Sportsbook

Most states with legal sports betting offer multiple mobile sports betting apps at your fingertips. Welcome bonuses and available college football championship odds will differ from sportsbook to sportsbook, though. Some states have restrictions for betting on college sports.

Check out Gaming Today for comprehensive coverage of online sportsbooks operating in your state. Once you’ve chosen a sportsbook, you must provide proof of age and identity to register for a new account with one of the links or promo codes found on this page.

Make Your First Deposit

Once the sportsbook verifies your account details, you can deposit funds and get your sports betting journey off the ground with a bet on the latest NCAAF futures. Navigate to the cashier page of your chosen sportsbook (where all the different deposit options are displayed). Some of the most reliable deposit methods include PayPal, Play+, debit/credit cards, and ACH/eCheck.

Make Your First Bet

College football national championship futures will be featured prominently on every sportsbook’s home page once the 2023-24 CFB season draws near. Many legal online sportsbooks will offer various ways to bet on CFB national championship futures. Remember, many welcome bonuses at sportsbooks are only for the first wager, so choose wisely!

Cashing Out

If your college football national championship bet cashes in, congratulations! You can reinvest your winnings into other bets, but if you are ready to cash out, all sportsbooks will offer you several different options. PayPal, ACH/eCheck, and Play+ represent some of the fastest ways to cash out when your Super Bowl wagers win.

How To Read College Football National Championship Odds

Bettors can find futures odds to win the college football national championship throughout the year at online sportsbooks available in their state. Odds will often fluctuate throughout the year based on injuries, how a team is playing, roster additions/subtractions, etc. As for how to read college football championship odds, let’s take a look at the current odds for Georgia are (), for Michigan (), and for Ohio State ().

At those odds, if a bettor puts $100 on Georgia to win the national championship, they’ll win $345 (their stake plus $245 in winnings). A $100 bet on Michigan will result in a $700 payday (the stake and $600 in winnings). Should Ohio State win, a $100 wager will result in a $1,000 payday (the stake plus $900 in winnings).

When odds are plus money, bettors need to wager $100 to win the number listed as the odds. But if they are minus odds, then that number is what bettors will have to wager to win $100. For example, the moneyline for Georgia in the CFP title game last year was -500. That meant supporters needed to risk $500 to win $600 (the stake of $500 and $100 in winnings).

Strategies For Betting On College Football Championship Odds

Everyone has their own betting strategy. Some will have more detailed, intricate plans than others, and some may have no real plan, which is okay. But the basis of every strategy should involve a few things:

  • Set limits and stick to them.
  • Stay calm and do not overreact to anything.
  • Listen to your friends and the ‘experts’ all you want, but always do your own homework (which is also a must).
  • If you are going to be drinking, place your bets first. That way, you can make decisions with a clear head/mind.
  • Do not bet money you do not have or cannot afford to lose.

Here are a few different strategies worth considering when betting on college football championship odds 2024:

Alternate Lines

Some sportsbooks offer multiple lines and payout odds on the college football title game. If you are considering taking this route, you must do your homework because you don’t want to give or take more points than you must (because your payout will be less).

Fading The Public

Sportsbooks cash in big when the majority of bets come in on one side, and that team loses.

Fading the public tries to take advantage of the sportsbook’s inherent process of setting lines that produce the highest revenues for the house. To fade the public, bet against what the majority is doing.


Middling involves placing a bet on one team, waiting for sportsbooks to move the line, and then betting on the other team. This strategy makes it possible to win on both the favorite and underdog sides of a bet.

Bet Tracking

Bet tracking means keeping track of your bets. You monitor which games you wagered on, which types of bets you made, and the result. Then you analyze your results for patterns. If betting on the college football national championship is your first foray into sports wagering, this tip isn’t for you…yet. However, advanced bet tracking for sports betting is essential once you’ve tried your hand at even a few wagers. Numbers are king, and sports gamblers, both novices and veterans alike, are guaranteed to improve their game with this simple hack.


When betting on futures odds for the college football national championship, for many teams, the odds are the longest when they open. This is especially true for teams other than the Big Three (Alabama, Georgia, and Ohio State). More risk is involved in trying to find the next TCU or 2019 LSU squad, but the payoff can be substantial.

Don’t worry about getting your money down early if you want to bet on a favorite. The odds for the favorites will change little, if at all, during the offseason. Once the season begins, they may go up after a lackluster performance (even if they win) or if another contender is playing exceptionally well.

Put your money down early if you want to, but there is a chance you can get longer odds if you wait.

College Football National Championship Odds History

While it may make sense to bet on the favorite, Georgia, to win it all, history says otherwise. Since 2001, only two preseason favorites went on to win the national championship (Alabama in 2017 and USC in 2004). However, the eventual champion is often a team viewed as a possible contender during the offseason.

YearNational ChampionPreseason OddsPreseason Favorite (odds)
2022Georgia+350Alabama (+190)
2021Georgia+600Alabama (+260)
2020Alabama+300Clemson (+200)
2019LSU+2500Clemson/Alabama (+250)
2018Clemson+400Alabama (+175)
2017Alabama+250 Same
2016Clemson+700Alabama (+600)
2015Alabama+700Ohio State (+250)
2014Ohio State+4000Florida State (+300)
2013Florida State+1600Alabama (+275)
2012Alabama+550USC (+400)
2011Alabama+600Oklahoma (+375)
2010Auburn+5000Alabama (+400)
2009Alabama+1200Florida (+225)
2008Florida +600USC (+300)
2007LSU+800USC (+250)
2006Florida+1000Notre Dame (+450)
2005Texas+800USC (+160)
2003LSU+4000Oklahoma (+450)
2002Ohio State+1900Miami (+350)
2001Miami+500Florida (+400)

During the CFP Era (2014-present), the team winning it all had odds of +700 or shorter prior to Week 1 seven times. But there is still a chance a contender will emerge from out of nowhere. LSU certainly did in 2019, and Ohio State was an unexpected one in 2014.

Since 2001, the eventual champ had +1000 odds or higher eight times. But it may be wishful thinking to bet on someone with odds higher than +5000. No champion since 2001 started the season with odds higher than +5000.

Read more: College Football Championship Odds | Heisman Odds | College Football Betting Sites & Apps | SEC odds | Big 10 odds | Pac 12 odds | ACC odds | Big 12 odds

College Football Championship Betting 101

Are you a new bettor who needs help making sense of the wide world of sports betting? That’s understandable — it can be pretty daunting. Which sportsbook app should you use? Is this welcome bonus better than that one? What is implied probability?

You can find answers to these questions and more on some of the following pages:

Our Tools page also contains plenty of helpful information.

Restrictions on Online College Football Betting

While college football and college football bowl games are insanely popular, some states have had concerns over the integrity of the game and athletes when it comes to sports betting. As a result, some states have imposed restrictions on betting on college sports:

  • New Jersey: Betting is prohibited on college teams from New Jersey or on college sports events held in New Jersey.
  • Illinois: Betting is prohibited on games involving teams from in-state colleges and universities; prop betting and in-play prop betting are also banned.
  • Colorado: Betting on games involving teams from Colorado is legal, but bets on player performance are not (player prop bets). Sorry, Buffalo fans– no college bowl props the next time C.U. makes a bowl game.
  • Tennessee: Betting on games involving teams from Tennessee is legal, but bets on player performance (player prop bets) and live prop betting are not. That means no college bowl live betting on the Volunteers.
  • Virginia: Betting is prohibited on games involving teams from in-state colleges and universities; no prop bets or in-play betting.
  • New Hampshire: Betting is prohibited on games involving teams from in-state colleges and universities.
  • New York: Betting is prohibited on collegiate sports events held in-state and on games/events involving teams from New York.
  • Oregon: Betting on college sports via the state-run app is prohibited, but you can bet on them at a tribal casino that offers sports betting.
  • Rhode Island: Betting is prohibited on college teams from Rhode Island and on events held in-state.
  • Washington DC: Betting is prohibited on games involving teams from in-state colleges and universities.
  • Arizona: No prop bets allowed, player or team.
  • Connecticut: Betting is prohibited on games involving in-state colleges and universities.
  • Iowa: No player props on players from in-state teams.

For additional help betting On college football, read our How To Bet On College Football guide.

Is betting on college football championship odds legal in the US?

Betting on college football championship odds is legal in the US, but only in states with sports betting.

Where can I bet on college football championship odds online?

You can place bets on college football championship odds at legal sports betting apps that are licensed to operate within the state you’re physically located in.

How old do I need to be to bet on college football championship odds?

The legal betting age varies from state to state. But the legal age to bet on college football championship odds in most states is 21. It is, however, 18 in a couple of states and at some retail sportsbooks located on tribal land.

Do online sportsbooks offer live betting during the college football championship game?

Yes, sportsbooks do offer live betting during the college football national championship game, but only in states where it is legal to do so.

What kind of prop bets are there for the college football championship?

College football championship prop bets include game and player props.

The most popular prop bets typically focus on in-game outcomes like player production (i.e. Over/Under receiving yards, passing yards, and rushing yards), the score at the end of the half, anytime touchdown scorers, which team will score first, and what type of score it will be (field goal, safety, touchdown), etc.

You can compare available NCAAF props at legal sports betting apps and place your bets before or during the national championship game.

Can I bet on events happening off the field during the college football championship game?

No, you cannot bet on exotic college football props at most legal sportsbooks. While prop bets related to off-field events are typical for the Super Bowl (such as the length of the national anthem or whether the coin toss will be heads or tails), they are not common for the college football championship game.

Who is the current college football championship odds favorite for 2023-24?

The Georgia Bulldogs are the current betting favorites to win the 2023-24 college football championship at DraftKings.

When is the college football championship game?

The 2024 college football national championship game is scheduled for Jan. 8, 2024, at NRG Stadium in Houston, TX.

About the Author
DJ Corrigan

DJ Corrigan

DJ Corrigan is a sports betting writer for Gaming Today and has been covering the world of wagering since his days at Ohio State University. Corrigan's love of betting the Over and chasing the hungry dogs has led him to a career crunching numbers with an emphasis on NCAAF, NCAAB, NFL, and MLB betting.

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