2026-27 CFP Futures Odds: Ohio State the Favorite, Notre Dame No. 2
College Football Playoff futures odds for 2026-27 have had a few months to percolate and are drawing noteworthy action.
Indiana is the defending national champion. But the Hoosiers debuted as the fifth choice and are now the co-third choice in 2026-27 CFP championship odds. Big Ten rival Ohio State is the favorite.
Prediction markets are also getting involved, with prediction market apps such as Kalshi offering users a way to trade contracts on who will win the CFP. Below are current College Football Playoff futures odds from Kalshi. Use our Polymarket promo code to get started by clicking on the module below.
Updated on 8/1/26
Below are CFP championship odds from an array of sportsbooks. To get the most out of your college football bets, use our Fanatics Sportsbook promo.
(Feature image: Mark J. Rebilas/Imagn Images)
National Championship Winner Odds
| Time | BetMGM | DraftKings | Caesars | FanDuel | RiversCasino | |
|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › | |
| +600 | +600 | +575 | +550 | +600 | ||
| +650 | +650 | +600 | +650 | +550 | ||
| +650 | +750 | +650 | +800 | +700 | ||
| +800 | +750 | +800 | +750 | +800 | ||
| +800 | +800 | +750 | +950 | +800 | ||
| +900 | +850 | +800 | +850 | +850 | ||
| +1100 | +1100 | +1000 | +1100 | +1200 | ||
| +1500 | +1800 | +1600 | +2500 | +2000 | ||
| +1500 | +2000 | +1700 | +2200 | +1800 | ||
| +2200 | +2200 | +1800 | +2000 | +1600 | ||
| +1500 | +2500 | +2200 | +2200 | +2000 | ||
| +2500 | +3000 | +3000 | +2200 | +2500 | ||
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2026-27 College Football Playoff Odds
Head of the Class
LATEST UPDATE: Ohio State opened and remains the +600 favorite in BetMGM's College Football Playoff futures odds, as of July 10.
"Along with Notre Dame, this is a team entering the year with a chip on its shoulder," Magee said. "I imagine Ohio State still has a bad taste in its mouth with the way last season ended, losing their last two games of the year.
"With [QB] Julian Sayin and [wideout] Jeremiah Smith back, I fully expect this team to be playing football in January. For BetMGM, The Buckeyes are our third-most-bet team, but still a good result."
Before you wager, check out Action Network's Big Ten Season Win Total Predictions!
While Ohio State is stable in 2026-27 CFP futures, there's been some shifting below the Buckeyes.
In late April, Notre Dame, Oregon and Texas were the +700 co-second choice. Now, two-plus months before the season opens, Notre Dame is the +700 solo No. 2 choice.
"I think Notre Dame, even with a light schedule, is a top-three team in the country and has all the tools to win the national championship," Magee said. "We're a small loser to Notre Dame on the national championship market, at the moment.
"It feels like they'll only get bet more, the closer we get to the season."
Defending national champion Indiana follows as the +750 co-third choice, along with Texas, with Oregon the +800 fifth choice. The Hoosiers moved up from fifth while shortening slightly from their +800 opening odds.
"Indiana looks like a great result for BetMGM at the moment, one of our better more realistic results," Magee said.
In the 2025-26 championship game, the Hoosiers completed a 16-0 season with a 27-21 victory over Miami.
Tickets, Money, Liability
Obviously, the bulk of the action is still to come in 2027 CFP championship odds. But there are some notable developments through the first six months.
Namely: Notre Dame is No. 1 in tickets at BetMGM, and Ohio State is No. 1 in money. Both the Fighting Irish and Buckeyes overtook Miami in money over the past two months.
The top five in tickets in BetMGM's CFP futures:
- Notre Dame
- Ohio State
- Texas
- LSU
- Indiana
LSU is the +1500 co-eighth choice, along with Alabama and LSU.
The top five in money in BetMGM's College Football Playoff national championship odds:
- Ohio State
- Notre Dame
- Texas
- Miami
- LSU
An interesting stat: Miami is seventh in ticket count, at 5.7%, but is taking 12.8% of money. BetMGM doesn't mention it, but that could indicate that there's a sizable bet or two on the Hurricanes. Miami opened +2000 and is now the +1200 seventh choice.
"Miami is one of the teams we'll be rooting against to lift the CFP trophy next season," Magee said. "Behind USC, the Hurricanes are our second-largest liability. There's plenty of interest on the Canes to come back this season."
Also interesting: Neither +900 sixth choice Georgia nor Alabama are in the top five of tickets or dollars. The Bulldogs are eighth in tickets/ninth in money, while the Crimson Tide are 15th in tickets and 16th in money.
Ole Miss, which reached the semifinals last year before losing to Miami, is the most notable mover in CFP futures odds. The Rebels opened at +4000 and are into +2500.
Betting on win totals? Check out Action Network's SEC Season Win Total Predictions!
In order, BetMGM noted its largest liabilities in college football national championship futures are:
- USC
- Miami
- Texas
Southern Cal is +3500, in slightly from its +4000 opener while sitting 12th in tickets and 13th in money.
"USC has taken a lot of bets at a big number," Magee said. "They're a very interesting team. Jayden Maiava is back for another year at quarterback. With the entire starting offensive line and Gary Patterson at defensive coordinator, there's a lot to be excited about for USC.
"But you will be hard-pressed to find a team with a tougher schedule than this group."
Ditto for the Longhorns.
Texas' key issue is a difficult schedule, including a home date with Ohio State and the typically strong SEC opposition.
"Texas will once again boast one of the tougher schedules in the country, while also carrying one of the most talented rosters in the land. Bettors have flocked to Texas and USC this summer," Magee said.
What about the ACC? Check out Action Network's ACC Season Win Total Predictions!
Texas Tech Wreck
It's been a distracting couple months around the Texas Tech program, after quarterback Brandon Sorsby went into rehab for a gambling addiction. An ESPN report noted Sorsby admitted to placing more than 9,000 bets over the past four years.
That includes bets on college football while he was at Indiana as a backup in 2022 and 2023, and while he was at Cincinnati in 2024 and 2025. Sorsby transferred to Texas Tech in January and was expected to start this year, for a team that reached the CFP quarterfinals last season
After much controversy and legal wrangling, Sorsby on June 15 opted to leave Texas Tech and apply for the NFL supplemental draft.
Texas Tech opened +1500 in BetMGM's College Football Playoff futures odds and was still there on April 20, just before the Sorsby story broke. Now, with the situation at least somewhat settled, the Red Raiders are the +2200 11th choice in CFP championship odds.
BetMGM trading manager Seamus Magee isn't necessarily sour on the Red Raiders' prospects.
"I still think Texas Tech will be fine. Sorsby will obviously be a big miss," Magee said. "But I think Will Hammond at QB and the rest of this roster will be good enough to get through this fairly light schedule and make it back to the playoffs."
And at the moment, BetMGM would take a Texas Tech title run.
"Texas Tech is a solid winner on the outright right now," Magee said, before addressing other futures markets. "There's nothing of note on the win total (10.5) or to make the playoff.
"Texas Tech has taken the most money to win the Big 12, but we still look good on them to win the conference."
The Red Raiders are even-money favorites to win the Big 12, with BYU the +550 second choice and Utah No. 3 at +650.
Flying Under The Radar
Magee pointed to three teams he believes are worth a look and might not be getting the attention they deserve. Two of those outfits are from the Big Ten.
First up, Michigan, which opened +3000 and is in slightly to +2500, under new coach Kyle Whittingham:
- "I think people may be sleeping on Michigan this year. This is a team that saw a big improvement in coaching staffs, in my opinion. And I think Whittingham is going to have a lot of fun with this offense this year. I expect a big jump from Bryce Underwood at QB. This team is extremely capable of making the College Football Playoff."
Penn State is coming off a massively disappointing season that included a six-game losing streak. The Nittany Lions finished 6-6 and also have a new coach this season, Matt Campbell.
- "I think Penn State is going to have a big bounce-back this season. I'm a big fan of Campbell and what he was able to accomplish at Iowa State, given the resources. And I love that he brings QB Rocco Becht alongside him. This is a schedule that avoids Ohio State, Oregon and Indiana, while also playing at home vs. I think they are very capable of getting 10 wins this season, possibly even an appearance in the Big 10 title game and making the College Football Playoff."
Then comes a true dark horse, South Florida, with new coach Brian Hartline, who was Ohio State's offensive coordinator.
- "For anyone looking for a non-power conference team to track this year, I'm starting to buy in on USF. I think Hartline was a home-run hire, who's taken with him some really decent talent from other power conference teams, including his last job at Ohio State. There is plenty of talent on this team to make a run at not only the American Conference championship, but a spot in the College Football Playoff, as well."
Opening National Championship Odds
Listed below are are the Jan. 19 opening college football odds to win the 2026-27 National Championship, from BetMGM:
- Ohio State +600
- Notre Dame +700
- Oregon +700
- Texas +700
- Indiana +800
- Georgia +900
- Alabama +1500
- LSU +1500
- Texas Tech +1500
- Texas A&M +1500
- Miami +2000
- Michigan +3000
- Oklahoma +3000
- USC +4000
- Ole Miss +4000
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
The College Football Playoff is heading toward its third season with the 12-team format.
The field of 12 is comprised of the five highest-ranked conference champions, and the next seven highest-ranked other teams. The rankings will again be determined by the College Football Playoff committee.
College Football Playoff Schedule
Check back for the full bowl schedule for the 2026-27 College Football Playoff. The national championship game is at Allegiant Stadium in Las Vegas.
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
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