College Football Playoff Odds Report, Trends 2024-25: Everything You Need To Know

College Football Playoff odds for 2024-25 are already on the board, and believe it or not, the market is getting attention. In fact, even before Michigan claimed the 2023-24 title by beating Washington, bookmakers posted 2024-25 CFP odds.

No question, the new 12-team format for next season is generating interest. And Nick Saban won't be part of it.

Here’s everything you need to know about the 2024-25 College Football Playoff odds market: action, movement and betting trends for the national championship. Check back regularly for updates, and make sure to use our BetMGM bonus code available to new registrants when you're ready to bet on the action!

College Football Playoff Odds

Something Old, Something New

Carson Beck will return to lead Georgia, which is atop the CFP odds board. (Getty)

What's the same about the 2024-25 CFP odds market? Well, Georgia is once again the favorite.

What's new? A highly anticipated 12-team format. The top four teams in the CFP rankings get a bye, and what was a three-game tournament among four teams will now have 11 games.

Oh, and what's really new? Nick Saban retiring as Alabama coach. And that had an immediate though modest impact on the market.

"We just went from 6/1 to 8/1," SuperBook senior risk supervisor Casey Degnon said, shortly after the news broke on Jan. 10. "We still have to see who lands the coaching job and the transfer-portal stuff before the market really settles in."

Added Caesars Sports lead college football trader Joey Feazel:

"It's very shocking for such a legend to retire abruptly. We made a slight odds change on the news, with the biggest moves for Georgia, Texas and of course Alabama."

The Crimson Tide stretched from the +575 second choice to the +750 third choice. Georgia shortened from +400 chalk to +325. Texas moved from +1000 to the +850 fourth choice, then to +800. Ohio State is now No. 2 at +700.

Then on Jan. 12, Alabama apparently filled its vacancy, reaching a deal to lure Kalen DeBoer from Washington. DeBoer just led the Huskies to the national title game, where they lost to Michigan 34-13.

Caesars hasn't yet moved off the Alabama hire of DeBoer. But Feazel said bettors should be prepared for more shifting.

"I expect the market to be volatile for the next few days," he said.

It's Gonna Be Huge

Regardless of the coach maneuvers, Alabama, Georgia and all other contenders will have to navigate a 12-team playoff. To say John Murray, executive director of The SuperBook, is over the moon for the new format would be an understatement.

"For us, the new playoff can't come soon enough," Murray said, lamenting all the transfer portal/opt-out news that dominated this past bowl season – even in big games such as Georgia-Florida State.

"We now get an 11-game playoff that's gonna be awesome for business. You go from this terrible thing to this awesome thing," Murray added. "It's gonna be huge. We know both teams are trying. I'm very excited about it."

Playing Favorites

BetMGM's risk room thinks highly of Jaxson Dart and Ole Miss. (Getty)

As noted above, Georgia is the favorite in odds to win the 2024-25 College Football Playoff. Right after the 2023-24 championship game, BetMGM had the Bulldogs +500, followed by Alabama at +600.

"Obviously with an expanded playoff, you're going to see the favorite longer than it would usually be preseason," BetMGM trader Seamus Magee said.

Ohio State was the +700 third choice, followed by Michigan (+800), Oregon (+900) and Texas (+900). The morning after Michigan's win over Washington, there were already a few adjustments:

  • Georgia from +500 to +350
  • Alabama from +600 to +550
  • Ohio State from +700 to +800
  • Michigan from +800 to +900
  • Texas remained +900
  • Oregon from +900 to +1000

But there was no movement on any of those teams after the Saban news broke.

Magee and fellow trader Cameron Drucker are aligned on a team that's just below those top few teams in BetMGM's College Football Playoff futures odds market.

"Ole Miss 11/1 is something Cam and I agreed on. We're pretty bullish on the trajectory of that program," Magee said.

The Rebels were 11th in the final College Football Playoff rankings, earning a berth in the Peach Bowl, one of the New Year's Six games. In that contest, Ole Miss was a 5.5-point underdog and topped No. 10 Penn State 38-25.

Check out our guide to the best North Carolina sportsbooks before you bet on playoff action, and use our BetMGM bonus code to get bonus bets!