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College Football Playoff Odds: Three Teams Have Great Odds

College Football Playoff odds for the 2020-21 season are here.

College football is approaching bowl season and the playoffs are right around the corner. In the odds to earn a berth in the College Football Playoff, there are some clear choices on which teams will make it to the final four, with just one spot believed to be up for grabs.

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Online sportsbook Bovada has released the latest College Football Playoff odds and Alabama is at the top at (-1200). Following the Crimson Tide are Ohio State (-650), Clemson (-400) Notre Dame (-250), Texas A&M (+200), and Florida (+225) to round out the favorites on the oddsboard.

Who are the College Football Playoff Betting Favorites?

Here’s a look at the full list of odds to make the College Football Playoff:

2020-21 College Football Playoff Odds
Alabama Crimson Tide-1200
Ohio State Buckeyes-650
Clemson Tigers-400
Notre Dame Fighting Irish-250
Texas A&M Aggies+220
Florida Gators+225
Indiana Hoosiers+650
USC Trojans+1000
Coastal Carolina Chanticleers+1600

Odds as of December 10 at Bovada

Alabama, Ohio State and Clemson Set for Success

Alabama, Ohio State and Clemson are in a great position right now and are expected to be among the final four. In Clemson’s case, the Tigers have to face Notre Dame in the ACC championship game but should be in regardless of the outcome. These three teams are at the top of the oddsboard to win the national title.

The Crimson Tide are 9-0 and the Florida Gators, whom the Tide will face next weekend for the SEC championship, pose their only threat. Alabama quarterback Mac Jones has the second-highest odds to win the Heisman Trophy, and running back Najee Harris leads the country in rushing touchdowns.

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Among the top three teams, Ohio State has played the fewest number of games (5) because of the Big Ten’s delayed start and canceled games due to the coronavirus. The Buckeyes are a perfect 5-0 with QB Justin Fields leading the way. Despite playing just five games, the Buckeyes should represent the Big Ten Conference en route to another CFP appearance.

The Clemson Tigers were dealt some adversity during the season when quarterback Trevor Lawrence tested positive for the coronavirus. The Tigers survived a scare at home against Boston College without Lawrence and then fell in double overtime to Notre Dame.

Since returning to action, Lawrence has been back to his usual self and has given the No. 3 team in the nation another shot at a playoff berth. The Tigers will have to face Notre Dame in the ACC championship game next weekend, but both teams are in a good position to make the playoffs regardless of the result.

Which Team is Providing Good Value to Make the CFP?

There is one team outside of Alabama, Ohio State and Clemson that I think is providing better value to make the College Football Playoff. The team I like as the best value on the board is the Florida Gators with +225 College Football Playoff odds.

Florida is in the national championship conversation as the sixth-ranked team in the nation and is averaging the 10th-most points per game. Quarterback Kyle Trask has played incredibly well all season long, leading the country with 38 passing touchdowns and because of that is the front-runner to win the Heisman Trophy.

The Gators defense matches up well with some of these high-scoring offenses with the likes of defensive tackle Gervon Dexter and outside linebacker Derek Wingo playing well this season. A win against Alabama in the conference championship game next weekend might be enough for the Gators to sway the vote and grab the fourth and final playoff spot.

How to Read College Football Playoff Odds

At any sportsbook, you’ll see College Football Playoff (CFP) odds listed like so:

Clemson Tigers -400

Florida Gators +225

If you’re looking at Clemson’s odds to make it to the postseason at -400 and decided to bet $100 on them, you’d get a payout of $125 – your original $100 is returned along with your winnings of $25. On the other hand, if you think Florida will make the playoffs at +225, that same $100 would get you $325 – you get your $100 back coupled with your prize of $225. Our Odds Calculator will tell you what you’d win based on the odds and amount bet.

What is a Futures Bet on NCAA Football?

When you wager on a team’s postseason chances, it’s called a futures bet. This is a bet on events that will happen in time. It can be said that all sports betting is on events that have yet to occur; however, futures can be made weeks or months in advance instead of prior to game day. You could take Clemson to miss the CFP before college football season even starts.

Oddsmakers will adjust the lines as more games are played and teams rise and fall in the standings. We suggest jumping on odds early, so you don’t miss out on great lines. If you wait until closer to bowl season, you could be stuck with odds that don’t have any value.