College Football Playoff Betting Trends and Futures Odds Report

For the latest 2023-24 College Football Playoff Odds, Check Out College Football Playoff Odds Report, Trends: Everything You Need To Know

College Football Playoff betting trends have taken shape for months, ever since Georgia wiped out TCU in last season's title game. There's already been quite a bit of movement with several teams in the CFP odds market.

As the regular season approaches, one thing remains unchanged: Georgia is the favorite in odds to win the College Football Playoff. That means oddsmakers anticipate a good chance of a third straight national title for the Bulldogs.

Caesars Sports' Joey Feazel provides his insights on 2023-24 College Football Playoff betting odds, trends and action. Check back regularly for updates.

CFB National Championship Odds

Run With the Dawgs

After Georgia put a 65-7 beatdown on TCU in the Jan. 9 title game, Caesars Sports installed the Bulldogs as +375 favorites in the 2023-24 College Football Playoff odds market. And it didn't take long to get some action.

Five bets of at least $1,000 landed on Georgia, prompting Caesars to quickly shorten the price to +325. In early June, the Bulldogs reached their shortest price, at +220.

Now, just a couple of weeks before the season kicks off, Georgia sits as the +230 chalk.

"Georgia is certainly the most popular team money-wise and is tied for third in ticket count with Michigan," Feazel said. "But we're looking fine to Georgia liability-wise. Having that lower price [all along], the liability is not going to rack up like it does for other teams."

A key factor for Feazel and the Caesars trading team's high stock in Georgia: At this point, the Bulldogs aren't an underdog – or really even close to one – in any regular-season matchup.

"Georgia is favored in all of its games. The lowest spread is -7.5 at Tennessee," Feazel said of Nov. 18 showdown. "The path is going to be relatively easy. To three-peat is difficult, but if you want any path, it's this one."

Tight at No. 2

Following Georgia in Caesars' CFP betting market is, no surprise, Alabama. However, the Crimson Tide have lengthened from +550 to +650 over the summer.

"Alabama really hasn't been seeing too much interest," Feazel said of College Football Playoff betting trends on the Tide. "And there's been some decent sharp action on Under for Alabama's win total."

Indeed, the Tide's win total sits at 10.5, with Under now a -150 favorite and Over a +120 'dog at Caesars Sports.

"It's still Alabama, so they're not going to be 20/1 to win the championship," Feazel said. "But Alabama is not attracting the kind of sharp action that would have us going the other way."

Meanwhile, with Alabama slipping a bit, Ohio State closed that gap. The Buckeyes were the +850 fourth choice earlier this summer, also sitting behind +800 Michigan. Ohio State is now the +750 third choice.

"We assign the edge to Ohio State to be the slight Big 10 favorite and therefore made the slight improvement in national championship odds," Feazel said.

Michigan remains +800, though Wolverines have made the bigger overall move in the offseason, after opening +1400.

Oh Say Can USC?

If we're talking College Football Playoff betting trends, then bettors apparently can see Southern Cal as a legit national championship contender. Not that oddsmakers don't see it, too, especially with Heisman Trophy-winning quarterback Caleb Williams returning under center.

USC opened +1000, slipped to +1200, but is now back to +1000, the co-fifth choice in CFP championship odds.

"We took a larger bet on the Trojans to win the national championship, at 12/1, and to make the College Football Playoff," Feazel said. "The Trojans have the best player in the land and probably the No. 1 player in next year's NFL Draft, so it makes sense. Of the teams that realistically have a chance, that's one of the teams we lose to."

Joining USC at +1000 is LSU, entering its second year under coach Brian Kelly. There's also solid talent at QB in Jayden Daniels and on defense in linebacker Harold Perkins Jr.

"LSU is now a little bit shorter, after we opened at 14/1," Feazel said. "Brian Kelly had a really positive Year 1, so we certainly expected to have liability on LSU. The Tigers are No. 1 in ticket count.

"Louisiana is one of our most popular markets, so it makes sense. They love their college football down there."

Flying Under the Radar

Earlier this summer, Feazel noted a handful of teams he felt deserved more attention:

• Washington
• Florida State
• Tennessee
• Clemson
• Texas

With the regular season two weeks out, he still feels that way about two of the aforementioned schools.

"There's a lot of buzz around Texas. Every year, we fall in love with the Longhorns, and every year, they break our heart," Feazel said. "But they have the talent to show well, and we haven't taken too much action."

Texas opened +2000, stood at +1600 in early June and is now back out to +2000.

Feazel still considers Clemson an under-the-radar outfit, too.

"I would say so. We took a couple of sharper bets, but that's another team that there's not a lot of action on," Feazel said, while noting there are questions around new offensive coordinator Garrett Riley and sophomore QB Cade Klubnik. "And in the ACC and national championship futures, we've taken a good amount of Florida State action."

Still, Feazel believes there's some value in Dabo Swinney's squad. Clemson opened +1800 and is now +1600, in part due to those aforementioned sharp plays. Florida State sits right behind Clemson at +1800.

Prime Time – Or Not?

Back in January, when College Football Playoff betting odds first hit the board, Feazel noted the long-struggling Colorado Buffaloes were getting early action. Deion Sanders taking over as coach can have that effect.

That action has continued over the past several months. But Colorado, which has been awful much of the past 16 years, is still a distant 200/1 to win the national championship, after opening 300/1.

"The Buffaloes stand alone, by far our worst liability," Feazel said. "They're up there money-wise in the top 15, and the top 10 in tickets. Obviously, being at these longer odds is going to make a big difference in liability."

But bear in mind that Caesars has Colorado's regular-season win total at a paltry 3.5.

"It's surprising to see this championship action," Feazel said. "The season win total is getting tremendous two-way action. Sharp players are on the Under because of Colorado's difficult schedule.

"I think the future is high for Colorado, returning to the Big 12 next year. But I don't think it's gonna happen this year. I certainly hope not!"