College Football Championship Odds: Georgia’s Favored To Make History With Three-Peat (2024)

The Georgia Bulldogswere crownedcollege football’s national champions for the 2022 season, becoming the first team in over a decade to hoist back-to-back trophies. The SEC champions went into the final game against the TCU Horned Frogs as 13.5-point favorites and finished a perfect season (15-0) by ruthlessly pummeling the Frogs 65-7, the largest winning margin in College Football Playoff National Championship history.

Online sportsbooks havethe 2023 national championship odds, makingthe defending champion Bulldogs (+250) the plus-money favorites ahead of the Alabama Crimson Tide(+500).Following them are the Ohio State Buckeyes(+800)to round out the top three teams on the board. Some things never change.

2023 College Football National Championship Odds

Odds To Win College Football - National Championship 2023-24
TeamOdds
Georgia Bulldogs+225
Alabama Crimson Tide+500
Ohio State Buckeyes+650
Michigan Wolverines+900
Louisiana State Tigers+1200
Southern California Trojans+1400
Clemson Tigers+1600
Florida State Seminoles+1800
Penn State Nittany Lions+2200
Texas Longhorns+2200
Tennessee Volunteers+2500
Notre Dame Fighting Irish+2800
Oregon Ducks+2800
Washington Huskies+3300
Oklahoma Sooners+5000
Texas A&M Aggies+5000
Texas Christian Horned Frogs+5000
Utah Utes+5000
Wisconsin Badgers+6000
Mississippi Rebels+8000
California-Los Angeles Bruins+10000
Florida Gators+10000
Kentucky Wildcats+10000
North Carolina Tar Heels+10000
Oregon State Beavers+10000
Kansas State Wildcats+12500
South Carolina Gamecocks+12500
Auburn Tigers+15000
Baylor Bears+15000
Miami-FL Hurricanes+15000
Mississippi State Bulldogs+15000
Arkansas Razorbacks+20000
Colorado Buffaloes+20000
Iowa Hawkeyes+20000
Louisville Cardinals+20000
Michigan State Spartans+20000
Minnesota Golden Gophers+20000
Nebraska Cornhuskers+20000
North Carolina State Wolfpack+20000
Oklahoma State Cowboys+20000
Pittsburgh Panthers+20000
Purdue Boilermakers+20000
Texas Tech Red Raiders+20000
East Carolina Pirates+25000
Arizona State Sun Devils+30000
Boise State Broncos+30000
Brigham Young Cougars+30000
Central Florida Knights+30000
Cincinnati Bearcats+30000
Duke Blue Devils+30000
Houston Cougars+30000
Illinois Fighting Illini+30000
Iowa State Cyclones+30000
Missouri Tigers+30000
Syracuse Orange+30000
Tulane Green Wave+30000
Washington State Cougars+30000
West Virginia Mountaineers+30000
Air Force Falcons+50000
Arizona Wildcats+50000
California Golden Bears+50000
Georgia Tech Yellow Jackets+50000
Kansas Jayhawks+50000
Maryland Terrapins+50000
San Diego State Aztecs+50000
Texas-San Antonio Roadrunners+50000
Vanderbilt Commodores+50000
Virginia Cavaliers+50000
Virginia Tech Hokies+50000
Wake Forest Demon Deacons+50000
Appalachian State Mountaineers+100000
Boston College Eagles+100000
Coastal Carolina Chanticleers+100000
Fresno State Bulldogs+100000
Indiana Hoosiers+100000
Louisiana-Lafayette Ragin' Cajuns+100000
Marshall Thundering Herd+100000
Memphis Tigers+100000
Northwestern Wildcats+100000
Rutgers Scarlet Knights+100000
South Alabama Jaguars+100000
Southern Methodist Mustangs+100000
Stanford Cardinal+100000
Toledo Rockets+100000
Troy Trojans+100000
Western Kentucky Hilltoppers+100000
Alabama-Birmingham Blazers+200000
Army Black Knights+200000
Florida International Panthers+200000
Georgia Southern Eagles+200000
Liberty Flames+200000
Navy Midshipmen+200000
North Texas Mean Green+200000
Rice Owls+200000
San Jose State Spartans+200000
South Florida Bulls+200000
Tulsa Golden Hurricane+200000
Wyoming Cowboys+200000
Bowling Green Falcons+250000
Buffalo Bulls+250000
Charlotte 49ers+250000
Colorado State Rams+250000
Connecticut Huskies+250000
Eastern Michigan Eagles+250000
Georgia State Panthers+250000
Kent State Golden Flashes+250000
Miami-OH RedHawks+250000
Middle Tennessee Blue Raiders+250000
Nevada Wolf Pack+250000
Nevada-Las Vegas Rebels+250000
New Mexico State Aggies+250000
Northern Illinois Huskies+250000
Ohio Bobcats+250000
Old Dominion Monarchs+250000
Southern Miss Golden Eagles+250000
Temple Owls+250000
Utah State Aggies+250000
Akron Zips+300000
Arkansas State Red Wolves+300000
Ball State Cardinals+300000
Central Michigan Chippewas+300000
Florida Atlantic Owls+300000
Hawaii Rainbow Warriors+300000
Louisiana Tech Bulldogs+300000
Louisiana-Monroe Warhawks+300000
Massachusetts Minutemen+300000
New Mexico Lobos+300000
Texas El Paso Miners+300000
Texas State Bobcats+300000
Western Michigan Broncos+300000
Field (Any other team)- -
James Madison Dukes- -

Odds as of August 26th, 2023 14:29pm EDT.

The College Football National Championship Betting Picks

The great thing about college football is that we get to see many familiar faces as well as some new ones. Here is a list of the favorites to win the championship.

can The Georgia Bulldogs Complete A 3-Peat?

Well, they did it again and they made it look easy. Georgia kicked off the 2022 season putting up nearly 170 points over the opening four weeks and never slowed down. The offensive line, nominated for the Joe Moore Award but snubbed in favor of the Michigan Wolverinesunit, was the star of the show, yielding just 0.6 sacks per game for the third-best rating in the country.

A handful of college football’s top contenders will watch their starting quarterbacks move on to the NFL, and Georgia’s Stetson Bennett is one of them. In the championship matchup, the senior threw for 304 yards and four touchdown passes and ran for two more scores. Though he’s moving on, Kirby Smart has options in 6-foot-4 Carson Beck or redshirt sophomore Brock Vandagriff. Though it is Beck that is expected to start in Week 1. But, the permanent position of QB1 is still up for grabs.

Carson Beck had one of the most impressive spring games of 2023. He’s a pretty advanced passer imo that has a solid feel for the pocket despite minimal experience. UGA went good on good and he carved up the 1s going 18/22.

pic.twitter.com/2ZIvtKHmPY

— Nate Marchese (@CFFNate) July 14, 2023

If Georgia can accomplish a three-peat, it would be the first team to do so since the Minnesota Golden Gophers won three titles in a row from 1934 to 1936. Our odds calculator suggests that at +250 odds, the Dawgs have a 28.57% likelihood of winning the championship for a third consecutive season. A $100 wager would cash out $350, which is a $250 profit for your pocket.

2023 National Championship Favorites and Value Picks

Alabama Crimson Tide (+500)

Based on the standards the Tide have set for themselves, an 11-2 record represented a pretty disappointing season and their worst performance since 2013. Alabama hit a bump about halfway through the campaign by losing to a pair of SEC rivals, the Tennessee Volunteers and LSU Tigers, by a combined four points.

Another loss that’ll sting more is the departure of 2021 Heisman Trophy finalist Bryce Young, who was drafted first overall to the NFL's Carolina Panthers. The junior quarterback finished with over 3,300 passing yards, 32 touchdowns and a solid 86.2 QBR.

Back to the basics. 😤#RollTide pic.twitter.com/uWTZJMT3f7

— Alabama Football (@AlabamaFTBL) March 20, 2023

But there’s no doubt Nick Saban and his Alabama program can bring in new talent. The Tide’s 2023 recruiting class welcomes five offensive linemen, a wide receiver, two running backs, two quarterbacks and more. Saban will be chomping at the bit to bounce back. Seriously, when is Alabama not considered in the race?

uSC Trojans (+1200)

Finally, a program with no quarterback concerns. I mean, when the reigningHeisman Trophywinner is wearing your school colors for another season, you’re predictably going to be considered a national championship contender. Caleb Williams, currently favored to hoist the Heisman again, recorded dominant numbers in 2022. The sophomore led the nation with 42 touchdown passes and threw for 4,537 yards (ranked third) while compiling an 87.6 QBR (fifth).

Is Caleb Williams the best player in the country? pic.twitter.com/MP8M1yJ5Ll

— College Football Report (@CFBRep) July 16, 2023

Not to mention, USC picked up one of the top impact freshman for the upcoming season. Zachariah Branch, the no. 1 wide receiver in the 2023 recruiting class, will swiftly replace Jordan Addison.

The Trojans (11-3), who missed the CFP courtesy of a gut-wrenching loss to the Utah Utes. The defense allowed 29.2 points per game on the season, including 40 PPG in its last three outings, and will need to improve if the Trojans want to get a sniff of the CFP again. USC makes its season debut at home against San Jose State.

Value pick: Michigan Wolverines (+1000)

Unlike most of the programs above them, the Wolverines don’t have massive gaps to fill on their bench. Starting QB J.J. McCarthy will be back on the field, alongside the lethal running back tandem of Blake Corum and Donovan Edwards. Basically, just about all the players you wouldn’t want to lose.

As much as it stings to give the bluecredit, Michigan wrapped up the 2022 regular season 13-0 for its best record since 1998 before being upset 51-45 by TCU in the Fiesta Bowl semifinal. Despite the loss, McCarthy put on a noble performance with 343 yards and two touchdowns.

Apart from 1 mistake- JJ McCarthy played his best half of the season in the 2nd half against TCU. He had a career high 5 completions on throws of 20+ yards. Was able to use his legs more as well. JJ has 2 more years of eligibility

— Jake Butt (@Jbooty88) January 1, 2023

The outcome could’ve been different had Corum played.A knee injury kept the junior out of the game after he ran for 18 touchdowns and nearly 1,500 rushing yards on the season. Corum has decided to rejoin Michigan for the 2023 campaign, saying he's stronger than ever, and with the group that got the Wolverines to the semifinals coming back, it’s clear they have what it takes to be contenders again.

Any time is a good time to watch a @blake_corum highlight#GoBlue pic.twitter.com/PNl5sfvkmY

— Michigan Football (@UMichFootball) July 21, 2023

Last 10 College Football National Championship Winners

Last 10 College Football National Championship Winners
YearTeamOpening OddsPostseason Odds
2022Georgia Bulldogs+200-165
2021Georgia Bulldogs+800-225
2020Alabama Crimson Tide+600-200
2019LSU Tigers+5000+300
2018Clemson Tigers+600+350
2017Alabama Crimson Tide+300+400
2016Clemson Tigers+700+600
2015Alabama Crimson Tide+800+120
2014Ohio State Buckeyes+1000+1500
2013Florida State Seminoles+4000-250

What Is A Futures Bet For College Football Teams?

When it comes to big events for any sport, you can bet months in advance. In this case, a futures bet is a wager made on which team will win the national championship. Each week, oddsmakers will update the odds to reflect how a squad is doing. If a team is plagued with injuries, their chances of making it to the final game slim down. A surging squad will see their odds skyrocket.

Understanding College Football Championship Odds

When you go to a college football sportsbook, you’ll see the betting lines laid out like this:

  • Georgia +175
  • Alabama +300
  • Ohio State+350

Georgia opens asthe fave since the Bulldogs havethe lowest odds. The Crimson Tide and Buckeyes are considered underdogs.

If you believe that Georgia has the best chanceof winning the championship, and you bet $100on them, you’d get a payout of $275 – your original $100 is returned along with your winnings of $175. On the other hand, if you’re looking at Ohio State and think they’re going to win it all, that same $100 would give you $450 – you get your $100back, plus your prize of $350. Our odds calculating tool will show you how much you’d win based on the odds and amount bet.

When you see futures odds that you like, it’s best to jump on them early. As mentioned above, betting sites will adjust the odds as we get closer to bowl season and teams move up and down in the standings.

College Football Championship Odds: Georgia’s Favored To Make History With Three-Peat (2024)
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