Jimmy Boyd in 
How strong are each team’s chances? Find out with the updated odds to make the 2023-24 College Football Playoff (CFP) every week of the season.
The current format matches up the No. 1 ranked team vs the No. 4 and the No. 2 takes on the No. 3 in two semifinal games. The winners then face off for the national title.
Updated Favorites to Make the College Football Playoff
| Team | Yes Odds | No Odds |
|---|---|---|
| LSU | +1800 | −10000 |
| Michigan | −155 | +125 |
| USC | +900 | −1800 |
| Iowa | +3000 | −20000 |
| Georgia | −195 | +160 |
| Florida State | −150 | +120 |
| Oregon State | +1400 | −5000 |
| Tennessee | +2200 | −20000 |
| Ole Miss | +3000 | −20000 |
| Penn State | +250 | −320 |
| Ohio State | +170 | −210 |
| Oklahoma | +160 | −195 |
| Texas | +240 | −310 |
| Oregon | +500 | −750 |
| Utah | +1600 | −8000 |
| Washington | +125 | −155 |
| Alabama | +400 | −550 |
| Notre Dame | +2500 | −20000 |
How the Odds to Make the CFP Will Change With Updated Format
Starting in the 2024 season the playoff will expand to a 12-team format. The new schedule will be as follows:
The first round will be played on campus. You’ll have one game the Friday before Christmas the three games the following day during the early afternoon, late afternoon and evening.
The quarterfinals will then be played the following week with one game on New Year’s Even and three scheduled for New Year’s Day.
The semifinals will take place the following Thursday and Friday before the winners face off in the National Championship game the Monday around ten days following.
Obviously with more teams making the playoff there will be a lot bigger favorites with the odds. You have more security that if you lose one of your final games that you will still be invited, whereas now you can’t really feel safe until your schedule is complete and you finished out the season on top.
History of the College Football Playoff
| Year | 2 v 3 Semifinal | 1 v 4 Semifinal | Championship |
|---|---|---|---|
| 2023 | No. 3 TCU 51, No. 2 Michigan 45 | No. 1 Georgia 42, No. 4 Ohio State 41 | No. 1 Georgia 65, No. 3 TCU 7 |
| 2022 | No. 3 Georgia 34, No. 2 Michigan 11 | No. 1 Alabama 27, No. 4 Cincinnati 6 | No. 3 Georgia 33, No. 1 Alabama 18 |
| 2021 | No. 3 Ohio State 49, No. 2 Clemson 28 | No. 1 Alabama 31, No. 4 Notre Dame 14 | No. 1 Alabama 52, No. 3 Ohio State 24 |
| 2020 | No. 3 Clemson 29, No. 2 Ohio State 23 | No. 1 LSU 63, No. 4 Oklahoma 28 | No. 1 LSU 42, No. 3 Clemson 25 |
| 2019 | No. 2 Clemson 30, No. 3 Notre Dame 3 | No. 1 Alabama 45, No. 4 Oklahoma 34 | No. 2 Clemson 44, No. 1 Alabama 16 |
| 2018 | No. 3 Georgia 54, No. 2 Oklahoma 48 (2OT) | No. 4 Alabama 24, No. 1 Clemson 6 | No. 4 Alabama 26, No. 3 Georgia 23 (OT) |
| 2017 | No. 2 Clemson 31, No. 3 Ohio State 0 | No. 1 Alabama 24, No. 4 Washington 7 | No. 2 Clemson 35, No. 1 Alabama 31 |
| 2016 | No. 2 Alabama 38, No. 3 Michigan State 0 | No. 1 Clemson 37, No. 4 Oklahoma 17 | No. 2 Alabama 45, No. 1 Clemson 40 |
| 2015 | No. 2 Oregon 59, No. 3 Florida State 20 | No. 4 Ohio State 42, No. 1 Alabama 35 | No. 4 Ohio State 42, No. 2 Oregon 20 |
Some quick facts about the CFP and how each seed has done. The #1 seed is 7-2 in the semifinals but just 3-4 in the title game. The #2 seed is only 4-5 in the semifinals but has gone 3-1 in the championship. The #3 seed has a winning 5-4 record in the first round but is only 1-4 with their shot to win it all. The #4 has only won twice in the semis, but is undefeated 2-0 when they do.