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College football championship odds: Latest NCAAF winner betting

If you’re curious as to what the latest futures odds on the college football championship odds are, you’ve come to the right place.

Zion Logue of the Georgia Bulldogs, the CFP favorite. (Photo by Todd Kirkland/Getty Images)
Zion Logue of the Georgia Bulldogs, the CFP favorite. (Photo by Todd Kirkland/Getty Images)Read moreTodd Kirkland / Getty Images

With the 2023 college football season complete, the Inquirer has you covered with early college football championship odds for the 2024 season.

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The Georgia Bulldogs are favorites to win it all (+300) as they pursue a third National Championship in four years. The Ohio State Buckeyes (+400) and Texas Longhorns (+750) represent their biggest challenges.

Rounding out the top five are the Oregon Ducks (+1000) and a tie between the Ole Miss Rebels (+1400) and LSU Tigers (+1400).

College football championship odds

Odds courtesy of Caesars Sportsbook. Correct at time of publishing and subject to change.

CFB Team
Georgia
Odds
+300
CFB Team
Ohio State
Odds
+400
CFB Team
Texas
Odds
+750
CFB Team
Oregon
Odds
+1000
CFB Team
Ole Miss
Odds
+1400
CFB Team
LSU
Odds
+1400
CFB Team
Alabama
Odds
+1600
CFB Team
Michigan
Odds
+2000
CFB Team
Penn State
Odds
+2000
CFB Team
Notre Dame
Odds
+2200
CFB Team
Clemson
Odds
+2200
CFB Team
Florida State
Odds
+2500
CFB Team
USC
Odds
+3000
CFB Team
Tennessee
Odds
+3000
CFB Team
Missouri
Odds
+3000
CFB Team
Texas A&M
Odds
+3000
CFB Team
Utah
Odds
+4000
CFB Team
Kansas State
Odds
+5000
CFB Team
Arizona
Odds
+5000
CFB Team
Miami (FL)
Odds
+5000
CFB Team
Oklahoma
Odds
+6000
CFB Team
Louisville
Odds
+6000
CFB Team
Colorado
Odds
+7500
CFB Team
Iowa
Odds
+7500
CFB Team
NC State
Odds
+8000

College football championship odds: Betting favorites

1. Georgia Bulldogs +300

It looked like Georgia was cruising to another undefeated season but a loss in the SEC Championship kept them out of the CFP for the first time since 2020. Georgia loses two of their best offensive players in Brock Bowers and Ladd McConkey but they have enough talent to withstand the losses.

QB Carson Beck returns as the Heisman Trophy favorite. He’ll be joined by Florida transfer Trevor Etienne in the backfield. Then you factor in the No. 1 recruiting class, and it’s hard to bet against Georgia for the 2025 CFP.

Georgia’s defense may not be as strong as the past two years, but the offense is looking as strong as ever. It’s possible they could be better than last season, despite losing Bowers and McConkey.

It’s a brutal schedule, with matchups against Clemson, Texas, Alabama, and Ole Miss, but Georgia has shown they’re tough to beat in the regular season.

2. Ohio State Buckeyes +400

Ohio State has had to sit back and watch Michigan control the Big Ten for the last three years. The Wolverines are the defending champs, but the Buckeyes are the team to beat in the Big Ten in 2024.

Kyle McCord and Marvin Harrison Jr. are gone, but the Buckeyes have an elite offense with QB Will Howard and RB Quinshon Judkins coming in via the transfer portal. They also added arguably the best player in the portal with safety Caleb Downs.

The Buckeyes desperately needed to upgrade the QB position after an ugly performance in the Cotton Bowl. Howard isn’t as good as CJ Stroud or Justin Fields, but he represents an upgrade over McCord.

Georgia may be the favorite, but I’d keep an eye on this Buckeyes team. They have an excellent chance to take down Georgia and win the title.

3. Texas Longhorns +750

For years, we’ve been hearing Texas is back before a disappointing season. Well, the Longhorns lived up to the hype in 2023 with a Big 12 title and CFP appearance. As we look to 2024, they have a strong chance to replicate their strong season.

QB Quinn Ewers is back in the fold as he makes a run at the Heisman. He’ll throw behind an offensive line expected to return the majority of their starters. Add in a pair of WR transfers and you have a dangerous Longhorns offense.

Their first season in the SEC brings a tough schedule. They have back-to-back matchups against Oklahoma and Georgia before closing the season against Texas A&M. Not to mention, they have an early-season matchup against Michigan.

It’ll be interesting to see how they adjust to the SEC. The expanded CFP should save the Longhorns if they fall victim to a tough schedule.

4. Oregon Ducks +1000

It looked like Oregon was on its way to representing the Pac-12 in the CFP. They were a big favorite in the Pac-12 title game before losing to Washington. That game also cost Bo Nix the Heisman in his final college season.

How would the Ducks replace the star QB? Grabbing Oklahoma’s Dillon Gabriel in the transfer portal. Gabriel had a strong season in Norman, passing for 3,660 yards, 30 touchdowns, and six interceptions. He should be neck-and-neck with Beck and Ewers for the Heisman.

Oregon is another team changing conferences, as this will be their first season in the Big Ten. A road matchup against Michigan could be tough, but the Ducks draw Ohio State and Washington at home.

Dan Lanning could’ve left Oregon but opted to stay in pursuit of a National Championship. The Ducks should compete with Ohio State for the top spot in the Big Ten.

5. Ole Miss Rebels +1400

Georgia, Texas, and Alabama are the top dogs in the SEC but don’t sleep on Ole Miss. The Rebels won 11 games last season, including the Peach Bowl. It marked the first time in program history they had an 11-win season.

QB Jaxson Dart returns to lead an explosive Ole Miss offense. HC Lane Kiffin dominated the transfer portal, landing DL Walter Nolen, DE Princely Umanmielen, and RB Logan Diggs. Overall, Ole Miss ranked No. 1 in the portal rankings.

Perhaps the most enticing aspect of Ole Miss at +1400 is they’ll play their toughest opponents at home. Georgia and Oklahoma will come to Oxford to take on the Rebels. A road matchup against LSU could be tough, but the Tigers will be weaker than last season.

It wouldn’t surprise me if Ole Miss began the season top-five in the AP Poll. They aren’t on the same level as Georgia, but could make a run at the SEC title if the Bulldogs stumble.

College football championship odds: Key underdogs to watch

Alabama Crimson Tide +1600

Alabama surprised many people last season with a victory in the SEC Championship and CFP appearance. However, the biggest change from this team came off the field with HC Nick Saban retiring.

It’ll be tough to replace arguably the greatest coach in college football history, but the Crimson Tide got a great option in Kalen DeBoer. He led Washington to the National Championship game a season ago, and should have Alabama in CFP contention.

QB Jalen Milroe had an impressive in-season turnaround. Alabama benched him early in the season, but he returned to the lineup and became a Heisman contender.

Alabama is one of the favorites despite making a coaching change. It may be wise to wait on a Crimson Tide bet with the uncertainty.

Utah Utes +4000

The 2024 college football season is over six months away, so why not take a big longshot with a long offseason ahead? As I examine the board, Utah at +4000 is one of the best value plays.

QB Cam Rising missed the entire season after suffering a severe knee injury in the 2023 Rose Bowl. Rising returns as the starter with TE Brant Kuithe and RB Micah Bernard. Kuithe also missed last season, while Bernard only played two games.

This season marks the first in the Big 12 for Utah. The conference is wide open with Texas and Oklahoma leaving for the SEC. Arizona is likely the team to beat, but they recently lost their HC.

Utah should be in contention for the Big 12 title and could make a surprise CFP run. No matter what happens, they have value as a +4000 longshot.

The Inquirer is not an online gambling operator, or a gambling site. We provide this information about sports betting for entertainment purposes only.