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Last Updated Sep 03, 2022, 10:05 PM

College Football National Championship Odds Report

College football national championship odds are drawing plenty of attention, with a full Week 1 about to kick off. And you'll never guess who the favorite is.

Kidding, of course. Alabama is the favorite and certainly a popular pick in odds to win the College Football Playoff. But other teams have definitely entered the chat.

PointsBet USA sports analyst Mike Korn provided his insights on 2022 college football championship odds and action.

CFB National Championship Odds: Popular Picks

Under new coach Lincoln Riley, USC is creating significant national championship liability. (Getty)

Despite opening as a short +200 favorite and now sitting at +180, Alabama is taking plenty of tickets and money. In fact, the Crimson Tide are No. 1 in bet count and cash count at PointsBet USA, and it's not even close.

However, a couple other teams are proving to be popular picks.

"Michigan and USC. They are Nos. 1 and 2 in terms of overall liability for us," Korn said. "Bettors watched Jim Harbaugh and the Wolverines beat Ohio State and make the College Football Playoff for the first time last year. That's where I think a lot of the [Michigan] hype is coming from for this upcoming year."

The Wolverines are currently the seventh choice at +4000, matching PointsBet's opening price. Michigan has been as short as +3000 and as long as +5000. Southern Cal, by comparison, has ridden a rocket ship up the 2022-23 College Football Playoff odds board. The fuel for that rocket: hiring Lincoln Riley away from Oklahoma.

"The Lincoln Riley hire has already reinvigorated the culture at a storied program," Korn said. "We opened USC at +6600 immediately following last season's title game between Alabama and Georgia. That was bet all the way down to +3300 in the days following. Now, USC is into +2200."

That makes the Trojans the fifth choice.

Ticket Takers And Money Makers

Ohio State, behind C.J. Stroud, is the +300 second choice to win the national title. (Getty)

As noted above, Alabama is the top ticket and money taker in odds to win the 2022-23 college football national championship. At such a short price, that might seem surprising. But not to Korn.

"I'm not that surprised, to be honest," he said. "'Bama is college football royalty, and the Crimson Tide are always one of the most-bet-on teams heading into the college football season."

Ohio State is No. 2 in both tickets and cash, followed by Clemson in both categories. The Buckeyes opened +700 and are now the +300 second choice behind Alabama. Clemson, which had a bit of an off year last season but has been a CFP regular, opened +1500 and now sits as the +1100 fourth choice.

Those three teams are trouble spots for PointsBet's risk room. But as Korn noted above, other outfits loom as larger losses for the book – and larger winners for bettors.

"We'll be rooting against 'Bama, Ohio State and Clemson. But our top three liabilities are Michigan, USC and Notre Dame," he said.

The Fighting Irish opened at a hefty +7000 and are now at +4500. Michigan is fifth in tickets and sixth in money; USC is sixth in tickets/fifth in money; and Notre Dame is seventh in tickets/eighth and money. But at those longer odds, liability is stacking up on all three programs.

So which teams represent better outcomes behind the counter?

"Georgia and Texas A&M are two teams we'll be rooting for," Korn said.

Texas A&M opened at +3500 and has closed into +2500, sixth in PointsBet's odds to win the College Football Playoff. Georgia opened as the +250 second choice and is now the +375 third choice. And speaking of the Bulldogs ...

Georgia Under The Radar?

Georgia's national championship last season isn't necessarily swaying bettors this season. (Getty)

It might be a bit hard to believe, but Georgia isn't getting as much love as a defending national champ should. At least not in Korn's eyes.

"Although it sounds a bit chalky, I think people are sleeping on Georgia a bit," Korn said. "The Bulldogs did in fact lose a bunch of players on defense, but their offense maintained many key players. They definitely will have their work cut out for them, but I believe this provides opportunity for new guys to step up. They will definitely be in the playoff conversation, and from there, they have already proven they have championship DNA."

Georgia has taken the fourth-most tickets and money in PointsBet's 2022-23 college football national championship odds market.

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