2025-26 CFP Futures Odds: Ohio State Favorite, Indiana Now Second Choice
College Football Playoff championship odds for 2025-26 are perking up, with 10 weeks complete and the first CFP rankings due.
Ohio State remains the favorite in 2025-26 College Football Playoff futures odds. And only three teams have odds shorter than 10/1.
Below are current CFP odds from an array of operators. Also, check out our College Football Week 11 odds report. And to get the most out of your college football bets, use our Fanatics Sportsbook promo.
(Feature image: Troy Wayrynen/Imagn Images)
National Championship Winner Odds
| Time | Bet365 | BetMGM | Caesars | ESPNBet | FanDuel | RiversCasino | |
|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › | |
| +220 | +200 | +225 | +220 | ||||
| +500 | +500 | +425 | +460 | ||||
| +700 | +700 | +750 | +750 | ||||
| +1000 | +1000 | +1000 | +1100 | ||||
| +1000 | +1000 | +1100 | |||||
| +900 | +1100 | +900 | +900 | ||||
| +1100 | +1300 | +1200 | +1300 | ||||
| +1800 | +2000 | +2000 | +1800 | ||||
| +2000 | +2500 | +2000 | +1900 | ||||
| +3000 | +3000 | +3500 | +3500 | ||||
| +5000 | +5000 | +7500 | +6000 | ||||
| +5000 | +5000 | +6000 | +12500 | ||||
| +10000 | +8000 | +10000 | +10000 | ||||
| +7500 | +8000 | +10000 | +8000 | ||||
| +10000 | +10000 | +10000 | +10000 | ||||
| +15000 | +10000 | +10000 | +10000 | ||||
| +7500 | +10000 | +10000 | +10000 | ||||
| +12500 | +12500 | +15000 | +12500 | ||||
| +15000 | +15000 | +20000 | +25000 | ||||
| +50000 | +15000 | +50000 | +60000 | ||||
| +20000 | +15000 | +15000 | +20000 | ||||
| +40000 | +20000 | +50000 | +25000 | ||||
| +30000 | +25000 | +40000 | +75000 | ||||
| +30000 | +25000 | +25000 | +50000 | ||||
| +30000 | +30000 | +30000 | +20000 | ||||
| +50000 | +30000 | +100000 | +100000 | ||||
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2025-26 College Football Playoff Odds
Hoosier Daddy
LATEST UPDATE: Ohio State (8-0) was only up 17-14 at halftime vs. freefalling Penn State. But the Buckeyes pitched a shutout the rest of the way, winning the Week 10 game 38-14 to remain undefeated.
BetMGM then moved Ohio State from the +250 favorite to the +200 favorite in College Football Playoff championship odds. That's the shortest price of the year for Ryan Day's defending national champs.
"Ohio State continues to attract action from bettors. Since the start of October, one in every three dollars wagered has been on Ohio State to win the College Football Playoff," BetMGM trading manager Seamus Magee said.
However, Indiana (9-0) is still the story of the season. After swamping UCLA 56-6 in Week 9, the Hoosiers moved from +900 to the +700 second choice in College Football Playoff odds.
In Week 10, Indiana dunked Maryland 55-10 to remain the second choice, while shortening to +500.
"Indiana looks great for the book at the moment," BetMGM trading manager Seamus Magee said. "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.
Back when College Football Playoff odds first posted, in January, you could've gotten Indiana at +10000 (100/1). Six weeks ago, you still could've gotten +5000. But no longer.
Yet bettors are slow to buy in. At BetMGM, Indiana is 10th in ticket count and eighth in money, moving up two spots in money over the past week. Ohio State, No. 1 in both counts, is seeing three 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. Another good team for the book," Magee said.
Rounding out the top five in tickets:
- Penn State
- Texas
- LSU
- Alabama
And tailing Ohio State in money are:
- Texas
- Penn State
- LSU
- Alabama
Texas (7-2) barely stayed in the conversation after struggling at Kentucky and at Mississippi State in Weeks 8 and 9. The Longhorns looked far better in Week 10, at least for three quarters.
Texas led upstart Vanderbilt 34-10 heading into the fourth quarter. But the Longhorns allowed Vandy to score the final 21 points and had to hold on for a 34-31 victory.
Still, that was enough for BetMGM to upgrade Texas from +4000 to +3000 in CFP championship odds.
Meanwhile, Alabama (7-1) had a Week 10 bye after winning seven in a row, following a season-opening loss at Florida State. The Crimson Tide remain the third choice, while nudging from +800 to +700.
Now then, circling back to those three big bets Magee alluded to: A BetMGM customer is ostensibly down to one option – those shaky Longhorns. Back in late June, the bettor made the following major wagers:
- $300,000 Texas +500
- $200,000 Penn State +750
- $115,000 Clemson +1300
Texas is the only remaining hope, and as noted above, Arch Manning & Co. are wildly inconsistent.
Trending Teams
LATEST UPDATE: BYU (8-0) had a bye in Week 10, ahead of a huge-ramifications showdown vs. Texas Tech (7-1). The Cougars didn't move at all, remaining a +12500 long shot (125/1) in BetMGM's College Football Playoff futures odds.
And interestingly, the Red Raiders slipped from +2000 to +2500, despite going to Kansas State and posting an impressive 43-20 victory. In fact, most of the notable movement from post-Week 9 to post-Week 10 is in the wrong direction.
Vanderbilt, for example, was all the way into +2500, after opening +50000 (500/1) in CFP odds. But the Commodores' aforementioned 34-31 loss at Texas did big damage, sending them out to +10000 (100/1).
At 7-2, Vandy now has a much tougher road to get to the CFP, since it just became significantly more difficult to reach the SEC championship game.
The yo-yo that is Miami (6-2) is also in a bind. The Hurricanes were 8.5-point Week 10 favorites at SMU and lost outright 26-20, their second loss in three games. That sent Miami from +1500 and right in the thick of it out to +5000.
Fellow ACC outfit Georgia Tech wasn't really seen as a contender pre-Week 10, sitting at +10000 (100/1) despite an 8-0 record. Post-Week 10, the Yellow Jackets are +15000 (150/1), after going to N.C. State as 4.5-point favorites and leaving with a 48-36 loss.
Other notable teams going the wrong way, from post-Week 9 to post-Week 10:
- Georgia could've and perhaps should've lost to Florida in Week 10. The Bulldogs needed a late TD to post a 24-20 victory. BetMGM opted to slide Georgia out a bit, from the +1000 co-fifth choice to the +1300 seventh choice in College Football Playoff odds.
- Tennessee (6-3) is seen as dead in the water after a 33-27 home loss to Oklahoma. The Vols were +5000 a week ago and are now +25000 (250/1) in CFP futures.
- LSU (5-3) was +2500 just three weeks ago. The Tigers dropped to +10000 (100/1) after a loss at Vandy, then slid to +20000 (200/1) after losing at home to Texas A&M. LSU had a Week 10 bye, yet was sent out even further to +50000 (500/1).
Along with Ohio State and Indiana, Magee said Notre Dame, Alabama and Miami are good outcomes in College Football Playoff futures odds. On the flip side, BetMGM's key liabilities are on Oregon, Texas and Texas Tech, though the Red Raiders' liability is significantly less.
Under The Radar
Virginia (8-1) continues to be a sleeper outfit and still has hefty odds. In fact, practically all season long, UVA wasn't even on the board in BetMGM's CFP championship futures.
However, after a 31-21 victory at California, and with Miami and Georgia Tech both losing, Virginia is now on the board as a +15000 long shot. Perhaps the better play: Taking the Cavs to just make the CFP.
But the value is evaporating there. A week ago, Virginia was +625 to make the CFP; now, the Cavaliers are +400.
"I'd be remiss to not mention my Virginia Cavaliers here," he said. "At No. 12 in the country, with one of easiest schedules remaining, they can get to the ACC title game and be in the mix to get to the playoff this year. Think SMU last year.
"There are some striking similarities between the two. SMU got into the playoff with two losses, one of them in the ACC championship game, and without beating Clemson, Georgia Tech or Miami. Who's to say Virginia can't replicate that resume this season?"
Opening National Championship Odds
Listed below are January's opening 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
