JJ McCarthy's Michigan Wolverines featured in our 2023 National Championship Odds

College Football Championship Odds: Michigans Latest Win Earns Major Odds Perks

Over the last few weeks, college football has seen some changes on various oddsboards. For the first time in a long time, the Georgia Bulldogs aren't National Championship favorites. Instead, the Michigan Wolverines have taken over as the College Football Playoff quickly approaches.

2023 College Football National Championship Odds

Odds To Win College Football - National Championship 2023-24
Georgia Bulldogs+185
Michigan Wolverines+190
Oregon Ducks+450
Ohio State Buckeyes+525
Alabama Crimson Tide+800
Texas Longhorns+850
Washington Huskies+1400
Florida State Seminoles+2500
Louisiana State Tigers+3300
Penn State Nittany Lions+5000
Southern California Trojans+8000
Utah Utes+10000
Texas A&M Aggies+12500
Louisville Cardinals+15000
North Carolina Tar Heels+15000
Oregon State Beavers+15000
Florida Gators+20000
Miami-FL Hurricanes+20000
Mississippi State Bulldogs+20000
Notre Dame Fighting Irish+20000
Tennessee Volunteers+20000
Arkansas Razorbacks+25000
Oklahoma Sooners+25000
Tulane Green Wave+25000
Auburn Tigers+30000
Cincinnati Bearcats+30000
Clemson Tigers+30000
Illinois Fighting Illini+30000
Kansas State Wildcats+30000
Kentucky Wildcats+30000
Minnesota Golden Gophers+30000
Mississippi Rebels+30000
Oklahoma State Cowboys+30000
Wisconsin Badgers+30000
Arizona State Sun Devils+40000
Boise State Broncos+40000
California Golden Bears+40000
Michigan State Spartans+40000
Missouri Tigers+40000
Pittsburgh Panthers+40000
South Carolina Gamecocks+40000
Texas Tech Red Raiders+40000
Arizona Wildcats+50000
Baylor Bears+50000
California-Los Angeles Bruins+50000
Central Florida Knights+50000
Duke Blue Devils+50000
Fresno State Bulldogs+50000
Houston Cougars+50000
Indiana Hoosiers+50000
Iowa Hawkeyes+50000
Kansas Jayhawks+50000
Maryland Terrapins+50000
North Carolina State Wolfpack+50000
Purdue Boilermakers+50000
Syracuse Orange+50000
Texas Christian Horned Frogs+50000
Vanderbilt Commodores+50000
Virginia Cavaliers+50000
Virginia Tech Hokies+50000
Washington State Cougars+50000
Brigham Young Cougars+75000
Colorado Buffaloes+75000
Georgia Tech Yellow Jackets+75000
Wake Forest Demon Deacons+75000
West Virginia Mountaineers+75000
Boston College Eagles+100000
Iowa State Cyclones+100000
Northwestern Wildcats+100000
Rutgers Scarlet Knights+100000
Stanford Cardinal+100000
Air Force Falcons- -
Akron Zips- -
Alabama-Birmingham Blazers- -
Appalachian State Mountaineers- -
Arkansas State Red Wolves- -
Army Black Knights- -
Ball State Cardinals- -
Bowling Green Falcons- -
Buffalo Bulls- -
Central Michigan Chippewas- -
Charlotte 49ers- -
Coastal Carolina Chanticleers- -
Colorado State Rams- -
Connecticut Huskies- -
East Carolina Pirates- -
Eastern Michigan Eagles- -
Field (Any other team)- -
Florida Atlantic Owls- -
Florida International Panthers- -
Georgia Southern Eagles- -
Georgia State Panthers- -
Hawaii Rainbow Warriors- -
James Madison Dukes- -
Kent State Golden Flashes- -
Liberty Flames- -
Louisiana Tech Bulldogs- -
Louisiana-Lafayette Ragin' Cajuns- -
Louisiana-Monroe Warhawks- -
Marshall Thundering Herd- -
Massachusetts Minutemen- -
Memphis Tigers- -
Miami-OH RedHawks- -
Middle Tennessee Blue Raiders- -
Navy Midshipmen- -
Nebraska Cornhuskers- -
Nevada Wolf Pack- -
Nevada-Las Vegas Rebels- -
New Mexico Lobos- -
New Mexico State Aggies- -
North Texas Mean Green- -
Northern Illinois Huskies- -
Ohio Bobcats- -
Old Dominion Monarchs- -
Rice Owls- -
San Diego State Aztecs- -
San Jose State Spartans- -
South Alabama Jaguars- -
South Florida Bulls- -
Southern Methodist Mustangs- -
Southern Miss Golden Eagles- -
Temple Owls- -
Texas El Paso Miners- -
Texas State Bobcats- -
Texas-San Antonio Roadrunners- -
Toledo Rockets- -
Troy Trojans- -
Tulsa Golden Hurricane- -
Utah State Aggies- -
Western Kentucky Hilltoppers- -
Western Michigan Broncos- -
Wyoming Cowboys- -

Odds as of November 30th, 2023 14:28pm EST.

College Football National Championship Betting Picks

Here are the favorites to win the 2023 college football national championship.

Michigan wolverines are now national championship favorites

Despite the season's adversity of Jim Harbaugh's sign-stealing investigation and suspensions, Michigan (12-0 SU, 6-5-1 ATS) stays on top of its game. The Wolverines' defense has been the catalyst behind all the success, allowing just 10.3 PPG this year. Their recent outing in Week 13 where Michigan thrillingly took down Ohio State in The Game for the third-straight season, 30-24, to keep its undefeated title and go on to the Big 10 championship.

On the offensive side, starting QB J.J. McCarthy, with his 90.8 QBR (ranked third) looks precise, completing 74.3% of his tosses, over 2,400 yards and 19 touchdowns. He played smart in his crucial performance versing the Buckeyes, completing 16-of-20 passes for a meticulous 148 yards. But, notably, the run game has been elite courtesy of RB Blake Corum, who is nearing 1,000 yards but carries an insane 22 touchdowns on his back. 

The big, bad blue are getting all the credit. Michigan got a couple of courteous nods after wrapping up the 2022 regular season 13-0 for its best record since 1998. The effort had the Wolverines enter the first AP Poll ranked second, its highest preseason ranking since 1991, and they haven't budged. So, yeah, I'm not alone in thinking they're one of the best to watch.

georgia stays the beast of the SEC

The 2-time, reigning, defending, champions' have spent another season dominating, cruising through three ranked opponents in the final four weeks. Now, the Dawgs (12-0 SU, 4-7-1 ATS) gear up for the SEC Championship against Alabama.

Kirby Smart has built a program where he has athletes in every position. RB Daijun Edwards (781 YDs, 11 TDs) and Kendall Milton (644 YDs, 10 TDs) hold the ground while 10 receivers have snagged over 100 yards with at least a single hit in the endzone. 

Replacing Stetson Bennett wasn't going to be simple, but QB1 Carson Beck has looked more secure in his role as the weeks pass. In his last five appearances, the junior has added 10 touchdowns to his stats and tossed over 250 yards in four of those meetings.

For Georgia, there's less nerves. They've been here before, they've known nothing but success in the last three years. But, I'm not convinced they're impossible to dethrone. 

2023 National Championship Favorites and Value Picks

While the Wolverines and Bulldogs are literally spotless, there are still a few contenders that could shake things up. 

Washington Huskies (+1200)

Of course, I'm looking at the final undefeated team in a tough Pac-12. This conference was highly competitive in its final year with Oregon, Utah, USC, Arizona and Oregon State all being potential CFP contenders at one point this year. 

Micheal Penix Jr. is leading the dangerous Huskies (12-0 SU, 5-6-1 ATS) passing attack. The senior has tossed nearly 3,900 yards for 32 touchdowns, reaching the endzone four or more times in five different outings. He isn't afraid to throw the pigskin, that's for sure. 

The Huskies keep up with the nation's best averaging 38.0 points per game. Their receiving corps is lethal, with the tandem of Rome Odunze, earning 1,326 yards in 2023, and Ja'Lynn Polk, sparkling with 21 touchdowns combined. 

Have Washington's last three dubs been within a touchdown or less? Yes. But, it's been a tough schedule and at least we know the Huskies are prepared to go head-to-head with some of the best in the nation.

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 as the fave since the Bulldogs have the lowest odds. The Crimson Tide and Buckeyes are considered underdogs.

If you believe that Georgia has the best chance of winning the championship, and you bet $100 on 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 $100 back, 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 National Championship FAQ

How are the College Football Playoff teams determined?

In 2014, the NCAA decided to do away with the BCS (Bowl Championship Series) in favor of the modern-day four-team College Football Playoff. A committee of 13 members from the five major conferences selects the four best teams.

Who won the 2022 national championship?

The Georgia Bulldogs (15-0) won the 2022 College Football Playoff National Championship. In the title game, the Bulldogs defeated the TCU Horned Frogs 65-7. Georgia allowed just one touchdown in the first quarter and refused TCU any more points for the rest of the contest. You can see which team is favored to win the 2023 championship game on our futures page.

How do you bet on the national championship?

There are several different ways you can bet on the national championship. The two most common ways are to make a futures bet where you choose the Sportsbook before the teams are determined, or bet on the game itself when the teams are decided. A betting tutorial can help you place a wager.

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