College Football Playoff odds: Who’s favored to win national title?

College Football Playoff season is nearly upon us, with the first round of rankings coming out Tuesday after this weekend’s games.

The CFP rankings lay the foundation for the season-ending tournament that crowns the best team in college football. And this season sees a new format, with the playoff bracket expanding from four to 12 teams. The final rankings and 12 playoff teams will be revealed on Dec. 8.

Highly-ranked unbeaten teams like Oregon and Miami will be somewhere in the CFP’s top 12, as will perennial powerhouses like Georgia, Ohio State, and Texas.

But who is favored to actually win the title? Here’s the latest championship odds for the 2024 College Football Playoff:

College Football Playoff championship odds

As of 12:30 a.m. ET Sunday, Nov. 3, here are the latest College Football Playoff title odds from BetMGM:

Ohio State +350
Georgia +400
Oregon +450
Texas +550
Miami +1100
Alabama +1800
Tennessee +1800
Penn State +2200
Notre Dame +3000
Ole Miss +3500
Indiana +3500
LSU +4000
Clemson +5000
Texas A&M +6600
SMU +6600

When are the College Football Playoff rankings released?

The first round of CFP rankings will be announced Tuesday at roughly 7 p.m. ET.

The College Football Playoff rankings will then be announced on each successive Tuesday through Dec. 3, followed by Selection Sunday on Dec. 8.

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