2025-26 CFP Futures Odds: Ohio State Remains Favorite, Indiana Second
College Football Playoff championship odds for 2025-26 are getting into high gear, with the first round completed and the field down to eight teams.
Ohio State remains the favorite in 2025-26 College Football Playoff futures odds. That's despite losing to Indiana in the Big Ten title game. The Hoosiers are still the No. 2 choice, followed by Georgia.
Below are current CFP odds from an array of operators. Also, check out our College Football Playoff Quarterfinal Odds report. And to get the most out of your college football bets, use our Fanatics Sportsbook promo.
(Feature image: Kirby Lee/Imagn Images)
National Championship Winner Odds
| Time | Bet365 | BetMGM | DraftKings | Caesars | FanDuel | RiversCasino | |
|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › | |
| +180 | +185 | +190 | +185 | +180 | +180 | ||
| +300 | +325 | +320 | +310 | +300 | +310 | ||
| +450 | +450 | +475 | +450 | +500 | +550 | ||
| +750 | +800 | +750 | +750 | +700 | +700 | ||
| +800 | +800 | +850 | +800 | +950 | +800 | ||
| +1800 | +1600 | +1800 | +2000 | +1800 | +2200 | ||
| +2200 | +2000 | +2200 | +2200 | +2200 | +2500 | ||
| +2200 | +2500 | +2500 | +2500 | +2200 | +2200 |
2025-26 College Football Playoff Odds
Steady at the Top
LATEST UPDATE: Ohio State (12-1) are coming off their first loss since falling to Michigan at the end of the 2024-25 season. Coincidentally, it was by the same score, too.
The Buckeyes lost the Big Ten Championship Game 13-10. While Ohio State still remained the favorite in BetMGM's College Football Playoff Championship odds, the price slid out from +160 to +225.
In turn, Indiana (13-0) got a nice bump from +450 to +275.
However, in the wake of the CFP first-round games, the odds shuffled just a bit. Ohio State improved to +185, while Indiana slipped to +325, even though both had first-round byes, along with Georgia and Texas Tech.
The second-ranked Buckeyes meet No. 10 Miami in the Cotton Bowl, with Ohio State a 9.5-point favorite in College Football Playoff quarterfinal odds. No. 1 Indiana faces No. 8 Alabama in the Rose Bowl, with the Hoosiers 6.5-point favorites.
BetMGM is fine with at least three of the top four teams winning it all.
"The sportsbook is in great shape. Many of the favorites to win the championship are winners for the book, including Ohio State, Indiana and Georgia," BetMGM trading manager Seamus Magee said.
The most notable bet among the favorites: a $40,000 play in late November on Georgia +1000. That would profit $400,000 if the Bulldogs land their third title in the last five seasons.
Georgia (12-1) is the +450 third choice in CFP futures odds.
No. 5 Oregon (12-1) and No. 4 Texas Tech (12-1) are the +800 co-fourth choice in BetMGM's College Football Playoff odds, shortening from +900 a week earlier. Oregon rolled over James Madison 51-34 in a CFP first-round game.
As fate would have it, the Ducks next meet the Red Raiders in the Orange Bowl, with Oregon a 1.5-point favorite in CFP quarterfinal odds.
Indiana was +10000 (100/1) when CFP odds opened in January, and Texas Tech was even longer at +15000 (150/1).
"The big bets we took on Clemson, Penn State and Texas have made some of the longer shots at the start of the year a lot more palatable for the futures book."
More on those big bets in a minute.
Bettors are slowly buying in on Indiana, though at much-less-advantageous odds. At BetMGM, from pre-conference championship to post-conference championship, Indiana moved from seventh to fourth in ticket count and 10th to eighth in money.
The Hoosiers remain fourth in bets and leapt from eighth to third in money after the CFP first-round games.
By comparison, though, Ohio State – No. 1 in tickets and money – is seeing two times more tickets and 3.5 times more money than the Hoosiers. And that's fine with Magee, since the Buckeyes' price has been short all season in CFP odds.
"As it stands, BetMGM would have no problem at all with Ohio State winning the whole thing again," Magee said.
The top five in tickets in BetMGM's College Football Playoff futures odds:
- Ohio State
- Georgia
- Texas Tech
- Indiana
- Alabama
The top five in money:
- Ohio State
- Georgia
- Indiana
- Oregon
- Texas Tech
Circling back to those three big bets Magee alluded to: A BetMGM customer is out of luck on all three. Back in late June, the bettor made the following major wagers:
- $300,000 Texas +500
- $200,000 Penn State +750
- $115,000 Clemson +1300
Trending Teams
LATEST UPDATE: Miami is the big surprise guest to the College Football Playoff odds party. Most observers expected the Hurricanes to be left out. But they got in as the No. 10 seed, at the expense of Notre Dame.
Correspondingly, Miami shot from +25000 long shot (250/1) to +2200 eighth choice among the 12 teams.
Then the 'Canes knocked off No. 7 seed Texas A&M 10-3 in a rock fight of a first-round game, winning on the road. That led to a nominal adjustment in Miami's CFP championship odds, with BetMGM shortening to +2000.
Alabama (11-3) got the biggest post-first-round bump, after its big comeback at Oklahoma. The ninth-ranked Crimson Tide trailed 17-0 early in the second quarter, but rallied for a 34-24 victory over the No. 8 Sooners.
BetMGM then moved Alabama from +2000 to +1600, sixth among the eight remaining teams. As noted above, the Tide meet Indiana in the quarterfinals.
Texas Tech is getting more and more on the radar after the Big 12 title game. Tech blasted BYU for the second time this season, winning 34-7. So as noted above, the Red Raiders are +800, their shortest odds of the season.
That's a long way from Texas Tech's opening odds of +15000.
Ole Miss (12-1) saw its odds shorten modestly after the field was set, from +3000 to +2500. And the Rebels remained +2500 after their 41-10 first-round rout of Tulane.
Ole Miss is a 6.5-point underdog to Georgia in the CFP quarters.
Opening National Championship Odds
Listed below are January's opening college football odds to win the 2025-26 National Championship
- Ohio State +450
- Texas +550
- Georgia +600
- Oregon +700
- Penn State +850
- Notre Dame +1200
- Alabama +1200
- Clemson +2000
- LSU +2000
- Tennessee +2000
- Texas A&M +3000
Odds Provided by BetMGM and subject to change.
Use our BetMGM bonus code today to pick which team you think will win the College Football Playoff!
College Football Playoff Format
Last season, the College Football Playoff went from four teams to 12 teams, and it will again be 12 teams for the 2025-26 season.
The field of 12 is comprised of six conference champions, plus the six highest-ranked other teams. The rankings will again be determined by the College Football Playoff committee.
College Football Playoff Schedule
Here is the bowl schedule for the 2025-26 College Football Playoff.
First round (Dec. 19-20) — On campus
- Friday, Dec. 19: One game
- Saturday, Dec. 20: Three games
Quarterfinals (Dec. 31-Jan. 1)
- Wednesday, Dec. 31: Cotton Bowl
- Thursday, Jan. 1: Orange Bowl (early afternoon)
- Thursday, Jan. 1: Rose Bowl (late afternoon)
- Thursday, Jan. 1: Sugar Bowl (primetime)
Semifinals (Jan. 8-9)
- Thursday, Jan. 8: Fiesta Bowl
- Friday, Jan. 9: Peach Bowl
CFP National Championship
- Monday, Jan. 19, Hard Rock Stadium, Miami Gardens, Fla.
How To Read College Football Playoff Futures Odds
Over 133 schools are looking for a chance to earn a trip to the 2025-26 College Football Playoff.
Let's look at an example. Ohio State is the +500 co-favorite to win the national championship. That means a $100 wager would yield a $500 profit if the Buckeyes win the title.
How To Bet On College Football Futures
American football is the most popular game among bettors in the United States, and a large portion of that interest is from college football. Analyzing futures odds and predicting which school will become the champion every season continues to receive attention at the betting counter.
Check out our list of the best sportsbooks and sportsbook promos to find the best and most secure places to make college football bets, as well as exclusive sportsbook offers. You can also use our Caesars sportsbook promo code to unlock potential bonus bets.
College Football Futures can be bet on throughout the year. As with any betting market, there are wagering peaks and valleys. After each season ends in January, oddsmakers send out their opening futures for the following season.
The main market is for the NCAA Division 1 Football Bowl Subdivision. There are more than 125 teams divided into 10 conferences, and a group of independent schools, including Notre Dame.
Some sportsbooks set college football futures on every school eligible to win the championship. But other operators keep the list at 50 teams or even fewer, since some lower-tier schools don’t have a competitive chance. The Future Odds market doesn’t receive as much attention in the spring, but interest tends to pick up in the summer and in the first couple weeks of the regular season.
Interest tends to heighten again as conference championship weekend draws near. And betting on College Football Playoff futures odds really picks up after the 12-team field is set.
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NCAAF Popular Futures Odds
- Heisman Trophy
- College Football Playoff
- Win Totals
- SEC Championship
- Big Ten Championship
- Big 12 Championship
- American Championship
- MWC Championship
- Sun Belt Championship
- CUSA Championship
- MAC Championship
Most Popular Betting Odds
