Jimmy Boyd in 
The College Football Playoff is the most coveted tournament in college football, and every year, fans and bettors alike try to predict which team will win it all. One way to do this is by looking at the odds to win the College Football Playoff.
What Are College Football Playoff Odds?
College Football Playoff odds are the probability that a team will win the College Football Playoff, expressed as a number. For example, if a team has odds of +1000, that means that you would win $1,000 for every $100 you bet on that team to win the College Football Playoff.
We have you covered if you want to know more about how futures odds works, or learn how to bet college football games.
Updated Betting Odds to Win the 2023-24 College Football Playoffs
| Team | FanDuel | Caesars | PointsBet | Avg Odds | Implied Probability |
|---|---|---|---|---|---|
| Georgia | +210 | +225 | +220 | +218 | 31.41% |
| Michigan | +400 | +400 | +400 | +400 | 20.0% |
| Florida State | +900 | +900 | +850 | +883 | 10.17% |
| Ohio State | +900 | +900 | +900 | +900 | 10.0% |
| Texas | +900 | +900 | +1000 | +933 | 9.68% |
| USC | +1600 | +1600 | +1400 | +1533 | 6.12% |
| Penn State | +1700 | +1600 | +1600 | +1633 | 5.77% |
| Washington | +1800 | +2000 | +2000 | +1933 | 4.92% |
| Oregon | +2000 | +2000 | +1800 | +1933 | 4.92% |
| Oklahoma | +3000 | +4000 | +4000 | +3666 | 2.65% |
| LSU | +5000 | +5000 | +2200 | +4066 | 2.4% |
| Notre Dame | +4000 | +4000 | +3500 | +3833 | 2.54% |
| Alabama | +5000 | +5000 | +3000 | +4333 | 2.26% |
| Utah | +6000 | +6000 | +5000 | +5666 | 1.73% |
| Miami | +7000 | +6000 | +5000 | +6000 | 1.64% |
| Washington State | +12000 | +10000 | +7500 | +9833 | 1.01% |
| North Carolina | +12000 | +12500 | +12500 | +12333 | 0.8% |
| Duke | +15000 | +15000 | +10000 | +13333 | 0.74% |
| Texas A&M | +20000 | +15000 | +12500 | +15833 | 0.63% |
| Kansas | +15000 | +15000 | +20000 | +16666 | 0.6% |
| Tennessee | +20000 | +15000 | +20000 | +18333 | 0.54% |
| Syracuse | +25000 | +15000 | +12500 | +17500 | 0.57% |
| Kentucky | +20000 | +25000 | +12500 | +19166 | 0.52% |
| Florida | +20000 | +20000 | +15000 | +18333 | 0.54% |
| Missouri | +20000 | +20000 | +20000 | +20000 | 0.5% |
| Clemson | +30000 | +20000 | +15000 | +21666 | 0.46% |
| Wisconsin | +30000 | +20000 | +15000 | +21666 | 0.46% |
| Louisville | +30000 | +30000 | +20000 | +26666 | 0.37% |
| Ole Miss | +30000 | +25000 | +30000 | +28333 | 0.35% |
| Oregon State | +40000 | +30000 | +20000 | +30000 | 0.33% |
| Maryland | +30000 | +35000 | +30000 | +31666 | 0.31% |
| Colorado | +50000 | +25000 | +20000 | +31666 | 0.31% |
| Iowa | +40000 | +30000 | +25000 | +31666 | 0.31% |
| UCLA | +50000 | +30000 | +30000 | +36666 | 0.27% |
| Tulane | +50000 | +30000 | +40000 | +40000 | 0.25% |
| Kansas State | +40000 | +30000 | +50000 | +40000 | 0.25% |
| California | +40000 | +50000 | +40000 | +43333 | 0.23% |
| Fresno State | +40000 | +50000 | +50000 | +46666 | 0.21% |
| Liberty | +50000 | +50000 | +50000 | +50000 | 0.2% |
| Cincinnati | +50000 | +50000 | +50000 | +50000 | 0.2% |
| Auburn | +50000 | +50000 | +50000 | +50000 | 0.2% |
| UCF | +50000 | +50000 | +75000 | +58333 | 0.17% |
| NC State | +50000 | +50000 | +75000 | +58333 | 0.17% |
| TCU | +50000 | +50000 | +75000 | +58333 | 0.17% |
| South Carolina | +50000 | +50000 | +100000 | +66666 | 0.15% |
| Arkansas | +50000 | +50000 | +100000 | +66666 | 0.15% |
| Air Force | +50000 | +100000 | +75000 | +75000 | 0.13% |
| Wake Forest | +100000 | +50000 | +75000 | +75000 | 0.13% |
| Arizona | +100000 | +50000 | +75000 | +75000 | 0.13% |
| Mississippi State | +100000 | +50000 | +100000 | +83333 | 0.12% |
| BYU | +100000 | +50000 | +100000 | +83333 | 0.12% |
| Georgia State | +100000 | +50000 | +75000 | +75000 | 0.13% |
| Georgia Tech | +100000 | +50000 | +100000 | +83333 | 0.12% |
| Texas Tech | +100000 | +100000 | +100000 | +100000 | 0.1% |
| West Virginia | +100000 | +100000 | +100000 | +100000 | 0.1% |
| SMU | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Marshall | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Vanderbilt | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Michigan State | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Baylor | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Illinois | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Coastal Carolina | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Nebraska | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Pittsburgh | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Iowa State | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Purdue | +100000 | +100000 | +100000 | +100000 | 0.1% |
| Minnesota | +100000 | +50000 | +200000 | +116666 | 0.09% |
| Houston | +100000 | +100000 | +200000 | +133333 | 0.07% |
| Memphis | +100000 | +100000 | +200000 | +133333 | 0.07% |
| Toledo | +100000 | +100000 | +200000 | +133333 | 0.07% |
| Ohio | +100000 | +100000 | +200000 | +133333 | 0.07% |
| Indiana | +100000 | +100000 | +500000 | +233333 | 0.04% |
| Arizona State | +100000 | +100000 | +500000 | +233333 | 0.04% |
| Wyoming | +100000 | +100000 | +500000 | +233333 | 0.04% |
| Oklahoma State | +100000 | +100000 | +500000 | +233333 | 0.04% |
| Georgia Southern | +100000 | +100000 | +500000 | +233333 | 0.04% |
| UL Monroe | +100000 | +100000 | +500000 | +233333 | 0.04% |
Preseason Vegas Lines for Past NCAA Football Championship Teams
The table below lists the preseason line on every team that went on to win the title since 2002. The 2010 Auburn Tigers were the most unlikely champs in recent history. A $100 bet on Auburn made before the start of the 2010 season would have paid $5,000 at the end of the year. Compare that to the heavily-favored 2004 USC Trojans. A $100 preseason bet on them would have paid just $300!
| Season | Team | Preseason |
|---|---|---|
| 2022 | Georgia | +350 |
| 2021 | Georgia | +800 |
| 2020 | Alabama | +600 |
| 2019 | LSU | +2000 |
| 2018 | Clemson | +600 |
| 2017 | Alabama | +400 |
| 2016 | Clemson | +750 |
| 2015 | Alabama | +700 |
| 2014 | Ohio State | +4000 |
| 2013 | Florida State | +1600 |
| 2012 | Alabama | +550 |
| 2011 | Alabama | +600 |
| 2010 | Auburn | +5000 |
| 2009 | Alabama | +1200 |
| 2008 | Florida | +600 |
| 2007 | LSU | +800 |
| 2006 | Florida | +1000 |
| 2005 | Texas | +800 |
| 2004 | USC | +300 |
| 2003 | LSU | +4000 |
| 2002 | Ohio State | +1900 |
FBS Championship Game Betting History: Spread, Total & Results
Next, find the results, spreads, and totals for every championship game since 1998. This is when NCAA football started having an actual title game.
The biggest upset in the history of these games came in 2002 when Ohio State beat Miami. The Buckeyes were 12-point underdogs. They won thanks in large part to a controversial pass interference call in double overtime.
How to Read College Football Playoff Odds
There are three main types of College Football Playoff odds:
- American odds are the most common type of odds used in the United States. They are expressed as a positive or negative number. A positive number indicates how much money you would win for every $100 you bet, while a negative number indicates how much money you would need to bet to win $100. For example, if a team has odds of +1000, that means you would win $1,000 for every $100 you bet on that team to win the College Football Playoff. If a team has odds of -1000, that means you would need to bet $1,000 to win $100.
- Decimal odds are used in most European countries. They are expressed as a decimal number, which represents the amount of money you would win for every $1 you bet. For example, if a team has odds of 1.50, that means you would win $1.50 for every $1 you bet on that team to win the College Football Playoff.
- Fractional odds are the oldest type of odds and are still used in some countries. They are expressed as a fraction, with the numerator representing the amount of money you would win and the denominator representing the amount of money you would need to bet. For example, if a team has odds of 6/1, that means you would win 6 dollars for every $1 you bet on that team to win the College Football Playoff.
How to Use College Football Playoff Odds to Make Predictions
Once you understand how College Football Playoff odds work, you can use them to make predictions about which team will win the College Football Playoff. There are a number of factors that you can consider when making your predictions, such as the team’s recent performance, its roster, and its schedule. You can also look at the odds of other teams to get an idea of which teams are considered to be the favorites.
College Football Playoff odds are a helpful tool for predicting which team will win the College Football Playoff. By understanding how College Football Playoff odds work and using them to make predictions, you can increase your chances of winning money on your bets.