There is a 12-team College Football Playoff bracket for the first time in college football. It features five conference champions and seven teams from Power 4 schools.
The best four conference champions will get a bye game. The other eight teams will play in the first round.
We’ll break down the current odds and discuss the best value on the board regarding each team’s ability to win it all.
2025 College Football Championship Odds
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Here are the NCAA Championship Winner odds via Caesars Sportsbook (check our Caesars Sportsbook Review).
NCAAF
2024 CHAMPIONSHIP ODDS
| Team | Opening Odds | Current Odds at Caesars |
|---|---|---|
| Oregon | +1000 | +350 |
| Texas | +900 | +350 |
| Georgia | +350 | +475 |
| Ohio State | +800 | +530 |
| Penn State | +2500 | +600 |
| Notre Dame | +3300 | +750 |
| Tennessee | +2800 | +2200 |
| SMU | +25000 | +4000 |
| Arizona State | +50000 | +4000 |
| Indiana | +50000 | +4500 |
| Clemson | +3300 | +5000 |
| Boise State | +20000 | +6000 |
*The line and/or odds referenced in this article might have changed since the content was published. For the latest information on line movements, visit OddsTrader’s free betting odds tool.
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Can Oregon Stay Undefeated? (+350)
The Oregon Ducks are the only undefeated team in the College Football Playoff. The Ducks have gone 13-0 in their first season in the Big Ten. That included a Big Ten Championship victory over Penn State last week.
Ultimately, Dillon Gabriel has been sensational for the Ducks. The senior quarterback threw for 3,558 yards and 28 touchdowns. He also added a QBR of 86.5, the second-best in college football.
Gabriel is just a really good decision-maker. When he doesn’t make mistakes, the defense has a lot of room to work with and can perform at a high level.
Challenging Road AheadÂ
That said, Oregon has to play the winner of Tennessee-Ohio State. Of course, Oregon beat Ohio State earlier in the season. But it was neck-and-neck and not an easy win. A Will Howard running mistake cost Ohio State the chance at winning it outright on the road.
Meanwhile, Tennessee has improved its program, so Oregon’s Rose Bowl game will be challenging. If Oregon were to win the Rose Bowl over Ohio State or Tennessee, it would have to face Arizona State, Texas, or Clemson.
Arizona State is the most underrated team in this bracket. We’ll get to that in a bit. However, Oregon would take on Clemson or Texas if not Arizona State.
Clemson has Dabo Swinney, who has a championship on his resume. The other team is Texas, which has odds comparable to Oregon for winning it all.
The Ducks don’t have an easy path. It’s also hard to maintain a streak of wins against top-tier teams like Oregon has done. I’d probably stay away from grabbing Oregon at +350.
What About Georgia? (+475)
The Georgia Bulldogs won the most difficult conference in college football. However, Georgia will likely be without Carson Beck, who hurt his elbow in that SEC Championship game.Â
They’ll have to rely on sophomore quarterback Gunner Stockton. He led Georgia in the second half in that SEC Championship against Texas. But he doesn’t have the experience that Beck has.
Georgia needed comebacks against Texas, Georgia Tech, and Florida over their last five games. The Bulldogs aren’t like we’re used to seeing. But if Georgia gets behind some of these other teams in the College Football Playoff, it’ll eventually become too hard to recover.
Easy Path?
That said, Georgia is said to have an easy path. I don’t think that’s the case.
In the first round, they’ll face either Indiana or Notre Dame. Since that loss to Northern Illinois, Notre Dame has destroyed opponents, and Indiana’s margin of victory has been sky-high.
Georgia could certainly lose to one of those teams. It’s just hard to know who will win that Notre Dame-Indiana game.
I wouldn’t touch Georgia, either.
Who Should You Pick?
The bracket does not make it crystal clear who will win. There are tough matchups, and only Oregon has really stood out this year.
That said, Ohio State at +530 is a solid look. The Buckeyes lost to Michigan in the season finale and didn’t play in the Big Ten Championship thanks to an earlier loss to Oregon. Yet, Ohio State played the Ducks well in that game and potentially needed a couple more seconds to win that game outright.
Ohio State’s Potential
It’s been an embarrassing couple of weeks for the Buckeyes. But if they can look past that loss to Michigan and then knock off Tennessee and beat Oregon, the Buckeyes can win it all.
Ohio State is easily the most talented roster in college football. They haven’t played like it all the time. But if this group comes together, anything is possible.
This is about Ryan Day saving his job. This is about Ohio State proving they’re superior. This would end all the embarrassment for the Buckeyes.
That’s the team I’d roll with heading into the first round.
College Football FAQs
Question: Where can I bet on the 2024 College Football National Championship?
Answer: The best online sportsbooks are the safest online sportsbooks, which are those licensed in jurisdictions where online sports betting is legal in the United States. The top-rated books are Caesars, Bet365, FanDuel, BetMGM, SugarHouse, BetRivers  and DraftKings. All offer a wide variety of NCAAF props, futures, and point spreads.
Question: What types of bets are popular with college football?
Answer: The most popular bet is the point spread bet where the underdog is getting points or the favorite is giving points. However, moneylines, where no point spread is involved have grown increasingly popular, as have over/under, or total bets, where bettors can wager over or under on the combined total of the two teams in that game.
Question: Do I have to bet a lot?
Answer: No, the minimum bet is as low as $1 and accounts can be funded with as little as $10 at many of the books across the nation.
