The latest College Football Playoff odds show Georgia as the top favorite to win the national championship at odds. Other favorites include Alabama at , Ohio State , and Michigan .
The format for the 2023 season will be the last year of the four-team playoff setup to determine an NCAA national champion. In 2024, the playoff will expand to a 12-team format consisting of the six highest-ranked conference champions and the six highest-ranking teams remaining. This season, however, the NCAA will stick with the Rose Bowl and Sugar Bowl as the semifinal games, with the winners meeting on Jan. 8 in the College Football Playoff national championship game.
Below, you’ll find updated odds from legal US sportsbooks on this season’s College Football Playoff and national champion.
College Football Playoff odds to win the championship
The table below shows odds on teams to win the national championship in the upcoming college football season. We provide odds from the best sports betting sites across the country. Clicking any of the odds numbers will direct you to the sportsbook where you can place that wager.
It’s no surprise to see Georgia open as the favorite to win this season’s college football championship. The Bulldogs have won the past two titles, including a blowout 65-7 victory over TCU to claim the most recent one. The team did lose a number of starters on both sides of the ball to the NFL, but the same was true after the school’s 2021-22 title, where Georgia set a new NFL draft record with 15 selections. Still, the Bulldogs had enough talent in reserve to reload and win again after going 15-0.
Also among the favorites this season is Alabama, and with good reason. The Crimson Tide was the last team other than Georgia to win a national championship, and it was involved in six of the seven title games between 2015 and 2021.
Rounding out the top four are perennial Big Ten powerhouses Ohio State and Michigan. The Buckeyes last won a national championship in 2015, but they played for one as recently as 2020, losing 52-24 to Alabama. The Wolverines have not won a national championship since 1997, when the title was still determined via AP poll.
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College Football Playoff format changes and recent history
The current four-team format for the College Football Playoff started in 2014. Prior to that, college football used the Bowl Championship Series and the BCS National Championship Game to determine a champion each season. The current four-team system, in which two bowl games from among the New Year’s Six serve as the semifinal games, will give way to a 12-team format beginning in the 2024 season.
Since the adoption of the current format, Alabama, Clemson, and Georgia have been the most dominant teams. Among the three of them, they’ve won seven of the nine championships, and at least one of those teams has played in eight of the nine championship games.
| Season | Date | Winning team | Losing team | Other semifinalists |
| 2014 | Jan. 12, 2015 | Ohio State | Oregon | Alabama, Florida State |
| 2015 | Jan. 11, 2016 | Alabama | Clemson | Oklahoma, Michigan State |
| 2016 | Jan. 9, 2017 | Clemson | Alabama | Washington, Ohio State |
| 2017 | Jan. 8, 2018 | Alabama | Georgia | Oklahoma, Clemson |
| 2018 | Jan. 7, 2019 | Clemson | Alabama | Oklahoma, Notre Dame |
| 2019 | Jan. 13, 2020 | LSU | Clemson | Oklahoma, Ohio State |
| 2020 | Jan. 11, 2021 | Alabama | Ohio State | Clemson, Notre Dame |
| 2021 | Jan. 10, 2022 | Georgia | Alabama | Cincinnati, Michigan |
| 2022 | Jan. 9, 2023 | Georgia | TCU | Michigan, Ohio State |
SEC teams have been a dominant force in the College Football Playoff era, with six of the nine champions coming out of that conference. The first year of the format was the only title game so far not to feature at least one SEC team.
Best college football championship odds
Important College Football Playoff dates
- Aug. 26: Beginning of the 2023 NCAA Division I FBS season
- Dec. 3: College Football Playoff field announced
- Jan. 1: Rose Bowl and Sugar Bowl semifinal games
- Jan. 8: College Football Playoff championship game
College Football Playoff FAQs
How are the four semifinal teams chosen?
Under the current format, a selection committee chooses the semifinal teams. That will change in 2024, when the six highest-ranked conference champions will get automatic spots in the playoffs, as well as the six other highest-ranked teams remaining.
Can I bet on the national champion before semifinalists are announced?
Yes. Futures odds are available on multiple teams prior to the start of the season. Odds will shift as play in the 2023 season begins and the likely playoff picture becomes clearer.
Which team has won the most College Football Playoff national championships?
Alabama has won the title three times since the current format began in 2014, more than any other team. Georgia and Clemson have both won twice.
When will the four semifinal teams be announced?
The four teams that will participate in the CFP semifinals will be announced on Dec. 3, 2023. The title game will take place on Jan. 8, 2024.
How often does a betting underdog win the CFP National Championship game?
The last team to enter the title game as an underdog and win is Clemson, which won the title in 2018 after coming in as a 5-point underdog against Alabama. Clemson was also a 6.5-point underdog against Alabama in the 2016 title game, and it won that one, as well. The only other team under the current format to win the title game as an underdog is Ohio State, in the first year of the CFP system.