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

Patrick Everson
Patrick Everson Sports Betting Expert
6 minute read

College Football Playoff odds for 2024-25 have percolated for months, and they're heating up a bit in summer. Yes, Michigan is the defending national champion, but with Jim Harbaugh and J.J. McCarthy gone, the Wolverines are down the board bit.

Once again, Georgia is the favorite in odds to win the College Football Playoff, with Ohio State not far behind at No. 2. And the battle will stretch out longer this season, as the CFP evolves from four teams to 12 teams.

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 Caesars Sports bonus code available to new registrants when you're ready to bet on the action!

College Football Playoff Odds

Best of the Bunch

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 at the top of the board.

"This is the third year in a row that Georgia is the favorite," Caesars Sports head of football trading Joey Feazel said. "Nothing really changes, with the Bulldogs being the class of the SEC and all of college football, along with Ohio State."

As the calendar nears July, Georgia is the +280 favorite to win its third title in four years. Ohio State is the +375 second choice. In early January, Georgia opened as +400 chalk, with Ohio State the +800 third choice.

Neither team made it to the four-team CFP last season. The Buckeyes lost to Michigan in the regular-season finale, while the Bulldogs fell to Alabama in the SEC title game.

Still, oddsmakers and bettors have faith in Georgia and Ohio State early on.

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"No surprise here. At the top of the list are the two conferences that really matter, the SEC and Big Ten," Feazel said. "Georgia's schedule is gonna be a little more difficult than last year. The Bulldogs are favored in all 12 games, but they open at a neutral site against Clemson, and they've got to travel to Texas and Alabama, too.

"But every time, at the beginning of the year, it's gonna be the favorites getting action. Georgia is getting 20% of the money and 12% of tickets."

Along with Ohio State, Feazel noted that No. 3 choice Texas (+750) and No. 4 Oregon (+950) are getting early attention, too. The Longhorns and Ducks both opened at +1000.

"Oregon has gotten more love recently," he said.

Michigan checks in as the +2500 10th choice, a significant slide from its +1000 opener. That was before coach Jim Harbaugh moved on to take the Los Angeles Chargers post.

Washington – last season's runner-up – is a distant +10000 (100/1). The Huskies lost star QB Michael Penix to the NFL, and coach Kalen DeBoer exited to take over for Nick Saban at Alabama.

Speaking of the Crimson Tide ...

What About 'Bama?

Quarterback Jalen Milroe will operate under new Alabama coach Kalen DeBoer. (Getty)

Alabama is constantly in the College Football Playoff odds mix. That's the case again for the 2024-25 season, but the Crimson Tide's price is longer than usual. Losing Saban to retirement will do that.

"We've got Alabama at 14/1. Obviously, the Saban era is over," Feazel said of a coach who won six national titles at the school, including three CFPs. "DeBoer is a proven coach, but he doesn't compare with Saban, who is the G.O.AT.

"We're seeing more action on Alabama, but we're also on the higher side of the market. So that probably plays into it."

Back in early January, before Saban's exit, the Tide opened as the +575 second choice.

Prime's Time?

Coach Deion Sanders' Colorado squad is again creating liability in the College Football Playoff odds market. (Getty)

As the case last year after the hiring of Deion Sanders, Colorado is getting its share of flier action in the CFP odds market. But from Feazel's perch, there's a little more to the action on Coach Prime & Co. this season.

"This year is interesting, with the fact that some sharps think Colorado might actually do something," Feazel said, pointing to the diversity and volatility of the Big 12, to which Colorado returns after the Pac-12 shut down. "The Big 12 is the hardest conference to handicap. Two years ago, you had TCU and Kansas State in the title game. Last year, it was Texas and Oklahoma State."

Last year, Sanders' first at Colorado, the Buffaloes got out to a surprising 3-0 SU start. However, they went 1-8 SU the rest of the way and enter this season on a six-game losing skid. The Buffs are currently +7500 to win the title.

"We're still seeing the Deion faithful. They were not stopped by what happened in the second half of last season," Feazel said.

Flying Under the Radar

Ole Miss QB Jaxson Dart hopes to keep his team in the CFP odds conversation. (Getty)

Georgia, Texas and Alabama are all the rage among SEC teams in odds to win the College Football Playoff. But Feazel thinks it might be wise to look at Mississippi.

"I'm leaning toward Ole Miss. Lane Kiffin and Jaxson Dart have an opportunity to make a splash," Feazel said of the coach/QB combo.

The Rebels are the +1600 sixth choice at Caesars, slightly off their +1400 opening odds. Last year, Mississippi went 11-2 SU, capped by a 38-25 Peach Bowl win over Penn State.

"Outside of Ole Miss, for a longer shot, I'd really like to see what Arizona has," Feazel said. "The quarterback-wide receiver duo of Noah Fifita and Tetairoa McMillan is a really good combo. They're gonna put up numbers this year.

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"The market is generally down on Arizona. But from their skill level and [moving] to the Big 12, I think the Wildcats have a chance to make a splash."

Arizona can currently be had at +7500 to win the title. And with the CFP expanding to 12 teams this season, Feazel noted a couple more teams that might be worth a look.

"At Central Florida, KJ Jefferson is a really talented quarterback. That team has a chance to make the playoff," Feazel said of a Knights squad moving into the Big 12. "And SMU is another interesting team, moving from the American Athletic Conference to the ACC. If you're really looking for value, it's gonna lie within the ACC and the Big 12."

Jefferson was Arkansas' starter the past three seasons, then left for UCF as a graduate transfer. The Knights are +12500 (125/1) to win the championship, while Southern Methodist is +10000 (100/1).

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Patrick Everson

Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson
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