2023 College Football National Championship Odds: Alabama Lone Betting Favorite in Latest Update

After opening as a co-favorite following the National Championship game, victorious Georgia has dropped to second on the odds board. Meanwhile, Alabama is the solo betting favorite. Check out the latest odds for the 2023 CFP National Championship.

Last Updated: Jan 24, 2022 11:58 AM ET Read Time: 4 min
Georgia Bulldogs College Football
Photo By - USA TODAY Sports

The Georgia Bulldogs pulled off a thrilling - and dominant - victory over the Alabama Crimson Tide to win the 2022 CFP National Championship. They outscored Alabama 27-9 in the second half en route to a 33-18 win in order to snap a 41-year title drought and to finally topple the Crimson Tide.

Looking ahead to next year, these titans of college football are co-favorites to win it all in the initial betting odds. 

Here's a look at the opening odds for the 2022-23 college football season.

2023 College Football National Championship odds

Team Odds
Alabama +200
Georgia +350
Ohio State +550
Clemson +1,000
Texas A&M +3,000
Oklahoma +3,000
Michigan +4,000
USC +5,000
Oregon +6,000
Florida +6,000
Tennessee +8,000
Utah +8,000
Miami Florida +8,000
Penn State +8,000
Notre Dame +8,000
Kentucky +10,000
Texas +10,000
Wisconsin +10,000
South Carolina +15,000
Arkansas +15,000
Michigan State +15,000
LSU +15,000
Auburn +15,000
Mississippi +15,000
Washington +15,000
Arizona State +20,000
Purdue +20,000
Stanford +20,000
Wake Forest +20,000
Iowa +20,000
TCU +20,000
Maryland +20,000
UCLA +20,000
Baylor +20,000
Minnesota +20,000
Mississippi State +20,000
Cincinnati +20,000

Odds courtesy of FanDuel as of January 11, 2022.

Favorites to win the College Football National Championship

Alabama Crimson Tide (+200)

Nick Saban's team has been a fixture in the National Championship game and atop betting boards for ages now. They've played in six of the eight CFP title games (winning three) since it switched from the BCS National Championship game in 2014. This program is as well-oiled a machine as you'll find. So even with quarterback Bryce Young in the mix as the potential top pick in the NFL draft, oddsmakers aren't betting against Alabama even after its loss to Georgia. One significant change involves the addition of former Georgia wide receiver Jermaine Burton, who announced he would transfer to Alabama on Sunday. Burton was second on the Bulldogs with 497 receiving yards and tied for second with five receiving touchdowns.

Georgia Bulldogs (+350)

The Bulldogs won a college football championship for the first time in 41 years as they finally managed to defeat Saban and the rival Crimson Tide in the 2022 title game. There is already turnover with Burton among eight players hitting the transfer portal in January alone, but Georgia has been resilient under Kirby Smart since his tenure as head coach began in 2016. Oddsmakers are confident, at least for now, that the Bulldogs will once again be in the conversation next season.

Ohio State Buckeyes (+550)

The Buckeyes are coming off a solid 10-2 season that culminated in a 48-45 Rose Bowl victory over the Utah Utes, but they ultimately missed out on the college football playoff. Ryan Day's program will look to return to the big stage after losing to the Crimson Tide in the 2021 edition of the championship game.

Clemson Tigers (+1,000)

Clemson has appeared in four title games in the last decade, most recently falling to LSU in January 2020. The Tigers finished strong in 2021, winning six straight and topping the Iowa State Cyclones 20-13 in the Cheez-It Bowl, but it was a disappointing season on the whole as they finished 10-3 and in third place in the ACC Atlantic. Clemson's poised for a rebound and may have found a new quarterback after head coach Dabo Swinney announced the signing of Northwestern transfer Hunter Johnson on the weekend.

Texas A&M, Oklahoma tied at +3,000

Texas A&M and Oklahoma round out the Top 5 with Michigan (+4,000) and USC (+5,000) next in line. 

Understanding college football futures odds

Sportsbooks release college football futures odds pretty much as soon 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:

  • Alabama Crimson Tide +125

This means that on a $100 bet, you'll stand to win $125 if the Crimson Tide 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 is has a minus sign (-) ahead of its odds. 

  • Georgia Bulldogs -145

This means that if you bet on Georgia you would need to bet $145 to profit $100 if the Bulldogs 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 futures FAQs

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