2025-26 CFP Futures Odds: Indiana Remains Favorite Ahead of Battle vs. Miami
College Football Playoff championship odds for 2025-26 are near the finish line, with the final two teams heading for the title game.
No. 1 Indiana, which took over as the favorite after the CFP quarterfinals, meets No. 10 Miami on Jan. 19, on the Hurricanes' home field of Hard Rock Stadium. In the semis, the Hoosiers hammered Oregon and Miami edged Ole Miss.
Below are current CFP odds from an array of operators. Also, check out our College Football Playoff Championship Game Odds report. And to get the most out of your college football bets, use our Fanatics Sportsbook promo.
(Feature image: Robert Goddin/Imagn Images)
2025-26 College Football Playoff Odds
Hoosier Daddy
LATEST UPDATE: No. 1 Indiana (15-0) steamrolled No. 5 Oregon 56-22 in the CFP semifinals, continuing its quest to become the first 16-0 national champion. The game was decided by halftime, with the Hoosiers already up 35-7.
On the flip side, No. 10 Miami vs. No. 6 Ole Miss went right down to the final play, an incomplete Rebels pass in the back corner of the end zone. So the Hurricanes (13-2) prevailed 31-27 in the CFP semis.
Prior to the quarterfinals, the Hoosiers were the +275 second choice in BetMGM's College Football Playoff championship odds. Afterward, thanks to Ohio State (12-2) tumbling to Miami, Indiana moved to the +130 favorite.
Now, as an 8.5-point favorite vs. Miami, Indiana is the solid -350 favorite in CFP championship odds. And that's the team BetMGM wants.
"Indiana is a huge winner on the futures book. So we weren't too upset with the outcome of the game vs. Oregon," BetMGM trading manager Seamus Magee said.
Meanwhile, over the past six weeks, Miami made a massive move in College Football Playoff futures odds.
Prior to the Dec. 7 playoff selection show, the Hurricanes were as long as +25000 (250/1) to win the title, because it was anticipated that Miami wouldn't be among the 12-team field. Now, the 'Canes are are all the way into +270.
Indiana's odds were much longer at opening and preseason. The Hoosiers were +10000 (100/1) when CFP odds opened last January. But the Hoosiers didn't draw any sizable plays, or even an accumulation of smaller bets, while they were longer shots.
Plus:
"The big bets we took [early] 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," Magee said.
Indeed, back in late June, a BetMGM made the following major wagers:
- $300,000 Texas +500
- $200,000 Penn State +750
- $115,000 Clemson +1300
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.
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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
