2025-26 CFP Futures Odds: Ohio State Remains Favorite, Indiana Second
College Football Playoff championship odds for 2025-26 are getting into high gear, with the 12-team field now set.
Ohio State remains the favorite in 2025-26 College Football Playoff futures odds. That's despite losing to Indiana in the Big Ten title game. The Hoosiers are still the No. 2 choice, followed by Georgia.
Below are current CFP odds from an array of operators. Also, check out our College Football Playoff First Round Odds report. And to get the most out of your college football bets, use our Fanatics Sportsbook promo.
(Feature image: Kirby Lee/Imagn Images)
National Championship Winner Odds
| Time | Bet365 | BetMGM | DraftKings | Caesars | FanDuel | RiversCasino | |
|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › | |
| +250 | +225 | +215 | +200 | +190 | +200 | ||
| +250 | +275 | +280 | +320 | +320 | +310 | ||
| +550 | +500 | +550 | +450 | +600 | +600 | ||
| +900 | +900 | +800 | +750 | +850 | +900 | ||
| +900 | +800 | +900 | +750 | +800 | +800 | ||
| +1400 | +1700 | +2000 | +1800 | +1900 | +1800 | ||
| +2000 | +2500 | +2500 | +2500 | +2200 | +2200 | ||
| +2500 | +2200 | +2500 | +2400 | +2500 | +2500 | ||
| +2200 | +2500 | +2500 | +2500 | +2500 | +2200 | ||
| +5000 | +5000 | +5000 | +4500 | +5000 | +4500 | ||
| +40000 | +50000 | +70000 | +75000 | +75000 | +75000 | ||
| +50000 | +50000 | +80000 | +70000 | +75000 | +50000 |
2025-26 College Football Playoff Odds
Steady at the Top
LATEST UPDATE: Ohio State (12-1) just suffered its first loss since falling to Michigan at the end of the 2024-25 season. Coincidentally, it was by the same score, too.
The Buckeyes lost the Big Ten Championship Game 13-10. While Ohio State still remained the favorite in BetMGM's College Football Playoff Championship odds, the price slid out from +160 to +225.
In turn, Indiana (13-0) got a nice bump from +450 to +275.
Both teams got CFP byes, with Indiana earning the No. 1 seed and Ohio State placed at No. 2. No. 3 Georgia and No. 4 Texas Tech got the other two byes. BetMGM is fine with at least three of those four teams winning it all.
"The sportsbook is in great shape heading into the College Football Playoff. Many of the favorites to win the championship are winners for the book, including Ohio State, Indiana and Georgia," BetMGM trading manager Seamus Magee said.
The most notable bet among the favorites: a $40,000 play in late November on Georgia +1000. That would profit $400,000 if the Bulldogs land their third title in the last five seasons.
Georgia (12-1) is the +500 third choice in CFP futures odds, moving in from +800 after its 28-7 rout of Alabama in the SEC Championship Game.
Oregon (11-1) and Texas Tech (12-1) are the +900 co-fourth choice in BetMGM's College Football Playoff odds. Texas Tech inched in from +1000 after blowing out BYU 34-7 in the Big 12 title game. Oregon moved in from +1100 a week ago.
Indiana was +10000 (100/1) when CFP odds opened in January, and Texas Tech was even longer at +15000 (150/1).
"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.
Bettors are slowly buying in on Indiana, though at much-less-advantageous odds. At BetMGM, from pre-conference championship to post-conference championship, Indiana moved from seventh to fourth in ticket count and 10th to eighth in money.
By comparison, Ohio State – No. 1 in tickets and money – is seeing almost 2-plus 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," Magee said.
Rounding out the top five in tickets:
- Georgia
- Notre Dame
- Indiana
- Alabama
Tailing Ohio State in money are:
- Georgia
- Texas
- Penn State
- Notre Dame
Neither Texas nor Notre Dame made the 12-team field. So those tickets and dollars are now moot points.
Circling back to those three big bets Magee alluded to: A BetMGM customer is out of luck on all three. Back in late June, the bettor made the following major wagers:
- $300,000 Texas +500
- $200,000 Penn State +750
- $115,000 Clemson +1300
Penn State and Clemson have long since been dead tickets. Now Texas is officially dead, too.
Trending Teams
LATEST UPDATE: Miami is the big surprise guest to the College Football Playoff odds party. Most observers expected the Hurricanes to be left out. But they got in as the No. 10 seed, at the expense of Notre Dame.
Correspondingly, Miami shot from +25000 long shot (250/1) to +2200 eighth choice among the 12 teams. The 'Canes meet No. 7 seed Texas A&M in a first-round game Dec. 20.
Texas Tech (12-1) is getting more and more on the radar after the Big 12 title game. Tech blasted BYU for the second time this season, winning 34-7. So as noted above, the Red Raiders are +900, their shortest odds of the season.
That's a long way from Texas Tech's opening odds of +15000.
Ole Miss (11-1) saw its odds shorten modestly after the field was set, from +3000 to +2500. That's due in part to a perceived walkover in the first round. The sixth-seeded Rebels host American Athletic Conference champion Tulane (11-2).
Some teams are trending in the wrong direction in College Football Playoff futures odds. As mentioned above, Alabama got punked by Georgia 28-7 in the SEC title game. So BetMGM moved the Crimson Tide from +1300 to +2000, the seventh choice.
Similarly, Texas A&M (11-1) slid from +1000 to +1700. Oklahoma (10-2) moved out slightly, from +6000 to +6600.
Obviously, aforementioned AAC champ Tulane and Sun Belt champ James Madison are massive long shots in College Football Playoff futures odds. Tulane is +50000 (500/1), while James Madison is +100000 (1000/1).
James Madison is a three-touchdown underdog vs. Oregon in a Dec. 20 first-round game.
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.
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
