The College Football National Championship odds have remained relatively the same through the duration of the offseason, and it's mostly those blue-blood programs we're used to seeing at the top of the college football odds board.
One team to keep an eye on as we enter the dog days of summer is the Texas Tech Red Raiders, who may have just gotten their starting QB back.
CFP National Championship odds
| Team |  |
|---|---|
 Ohio State Buckeyes |
+550 |
 Notre Dame Fighting Irish |
+700 |
 Texas Longhorns |
+800 |
 Indiana Hoosiers |
+800 |
 Oregon Ducks |
+800 |
 Georgia Bulldogs |
+900 |
 Miami Hurricanes |
+1200 |
 Texas Tech Red Raiders |
+1500 |
 Texas A&M Aggies |
+2200 |
 LSU Tigers |
+2200 |
 Mississippi Rebels |
+2200 |
 Alabama Crimson Tide |
+2500 |
 Oklahoma Sooners |
+2700 |
 USC Trojans |
+4000 |
 Michigan Wolverines |
+4000 |
 Florida Gators |
+4500 |
 Tennessee Volunteers |
+5000 |
 Missouri Tigers |
+8000 |
Odds as of 6-8. Odds from FanDuel, one of our best college football betting sites. Sign up with our FanDuel promo code, or get one of our other sportsbook promos.
CFP National Championship futures bets
| Bet | Odds | Bet date | Units |
|---|---|---|---|
| Oregon Ducks |
+750 | May 27 | 0.5 |
Dan Lanning's Oregon Ducks are going to break through. It's only a matter of time.
Dante Moore passed up the NFL Draft to return for his senior season, and he'll have Evan Stewart (missed all of last season with a knee injury) and 2025 No. 1 wide receiver recruit Dakorien Moore to throw to.
Trips to USC and Ohio State are the only scary matchups on the schedule, and they'll have chances to boost their resume with home games against Michigan and Washington in the final three weeks of the season.
I project this as an 11-1 season, with that lone loss coming at Ohio State on November 7, but that record with a potential Big Ten title game appearance could be enough for a first-round bye in the CFP.
Texas Tech National Championship odds
While Brad Powers is backing the Red Raiders to win the Big 12 at -130, the Natty odds are also worth a look.
Sitting at +2200 entering the day, books have shortened the Red Raiders odds to +1500 following the injunction granted to Brendan Sorsby that would allow him to return to play.
The news pushed Texas Tech by Texas A&M and LSU, now sitting eighth on the odds board. Keep an eye on the story, as an NCAA appeal to the ruling may fluctuate the price.
College Football Playoff odds
NCAA College Football Playoff odds are determined by professional oddsmakers at sportsbooks or betting sites. This year, the College Football Playoff bracket has expanded to 12 teams. The odds reflect the probability of a particular outcome and are set to attract balanced betting action on both sides of a wager. Here are some of the factors oddsmakers consider before releasing lines to the public:
Team performance: Oddsmakers assess the performance of the teams throughout the season, including their win-loss records and strength of schedule
Injuries: The status of key players, especially quarterbacks and other impact positions, can have a major impact on the odds.
Head-to-head matchups: The historical performance of teams against each other, as well as their most recent matchups, can influence the odds.
Public perception: Oddsmakers take into account public sentiment and betting patterns. If a popular team like Notre Dame or Ohio State is playing, odds may be adjusted to limit the sportsbook's risk.
Venue: The location of the game (neutral site or home-field advantage) can affect the odds.
Coaching: The reputation and experience of the coaches can play a big role in setting odds.
Once these factors are considered, oddsmakers set an initial line, known as the opening line. This line is adjusted based on betting activity to ensure the sportsbook has a balanced amount of money on both sides of the wager. If too much money is coming in on one side, the odds may be adjusted to encourage betting on the other side.
College Football National Championship history
| Season | Team | Record | Rank |
|---|---|---|---|
| 2025 | Indiana Hoosiers |
16-0 | 1 |
| 2024 | Ohio State Buckeyes |
14-2 | 6 |
| 2023 | Michigan Wolverines |
15-0 | 1 |
| 2022 | Georgia Bulldogs |
15-0 | 1 |
| 2021 | Georgia Bulldogs |
14-1 | 3 |
| 2020 | Alabama Crimson Tide |
13-0 | 1 |
| 2019 | LSU Tigers |
15-0 | 1 |
| 2018 |  Clemson Tigers |
15-0 | 2 |
| 2017 | Alabama Crimson Tide |
13-1 | 4 |
| 2016 | Clemson Tigers |
14-1 | 2 |
| 2015 | Alabama Crimson Tide |
14-1 | 2 |
College Football National Championship trends
- The CFP National Championship has been won by a Big Ten team in three straight years, but SEC teams won six of eight titles before that.
- An SEC team played in the National Championship Game every year from 2016 to 2023, but hasn't had a finalist in the last three title games.
- The No. 1-ranked team has won just five of the last 12 National Championships.
- Only two teams outside of the SEC, Big Ten, Big 12, and ACC have made an appearance in the National Championship (2014 Oregon, 2023 Washington).
Understanding college football futures odds
Sportsbooks release college football futures odds as soon as the clock hits zero in the previous season's national championship game. There are many ways to wager on NCAA football futures but picking the outright winner of the national championship is definitely the most popular. During the offseason and preseason, you'll be able to get a plus-money price on basically any team in the nation as there is so much uncertainty around what will happen next year.
NCAA football championship odds will usually look like this:
- Ohio State Buckeyes +650
This means that on a $100 bet, you'll stand to win $650 if the Buckeyes win the national title. If it's close to the end of the regular season and there is a particularly dominant program, you might see that a team has a minus sign (-) ahead of its odds.
- Indiana Hoosiers -250
This means that if you bet on Indiana, you would need to bet $250 to profit $100 if the Hoosiers won the championship.
Of course, futures odds are a fluid market. They can change every day based on news, injuries, suspensions, transfers, etc. In college football, there generally isn't too much movement in the futures market during the offseason, but once the season begins, look for huge changes week-to-week based on wins and losses.
All the odds seen above are in American format. Should you find decimal format or fractional format easier to read, simply convert the odds using our simple odds converter tool.
College Football National Championship Odds FAQs
The Ohio State Buckeyes and Notre Dame Fighting Irish have the best odds to win the 2027 CFP National Championship.
Indiana was favored by 7.5 points over Miami in the 2026 CFP National Championship Game, which featured an Over/Under total of 46.5 points.
The 2027 CFP National Championship Game will be played at Allegiant Stadium in Las Vegas, Nevada.
