Odds to win the college football national championship: Georgia is the new No. 1
Georgia hasn't missed a beat so far this season as it aims to defend its national title. Photo by Brett Davis/AP.

The Georgia Bulldogs' national championship odds have now caught up to their national rankings, as Georgia overtook Alabama for frontrunner status this week.

The latest: No. 1 Georgia didn't have its best showing against Kent State, but the reigning champs enter conference play in earnest as the only team inside of 2-to-1 odds. In Week 4, several highly ranked teams either lost outright or stumbled their way to shaky wins.

Here are the latest college football national championship odds.

College football national championship odds

Check out the latest odds to win the CFB National Championship. Click linked odds to add selection to your betslip.

SchoolOddsOdds on Sept. 15
Georgia Bulldogs+175+225
Alabama Crimson Tide+240+200
Ohio State Buckeyes+300+350
Clemson Tigers+2,000+1,000
USC Trojans+2,000+1,500
Michigan Wolverines+2,800+3,300
Ole Miss Rebels+6,600N/A
Penn State Nittany Lions+6,600+5,000
N.C. State Wolfpack+8,000N/A
Tennessee Volunteers+8,000N/A
Oklahoma Sooners+10,000+4,000

Odds as of 4:12 p.m. on 09/26/2022.

Best college football national championship odds

The favourite: Georgia (+175)

Saturday's 39-22 win over Kent State wasn't all that impressive for Georgia, but it was still a wire-to-wire finish to bring the Bulldogs to 4-0 on the year.

And their season-opening win over No. 13 Oregon looks better and better as the Ducks have rattled off three consecutive wins of their own.

Quarterback Stetson Bennett and tight end Brock Bowers provide a stabilizing presence for a Georgia offence that lost its two leading rushers — and receiver George Pickens — to the NFL this past spring.

The NFL plundered the Bulldogs' defensive war chest, too, pulling a staggering eight players up to the pro level.

That kind of roster churn should be devastating, but Georgia is used to it. The Bulldogs have had a top-five recruiting class every season since 2017, including the No. 3 class in 2022, according to 247 Sports.

We'll have to wait another five weeks before seeing the Bulldogs play a fellow top-10 school — if they can tread water until then, they'll probably remain the title favourite.

Other NCAA football national title choices

Best value: Michigan Wolverines (+2,800)

In a span of three weeks, Michigan's title odds are nearly half of their previous 50-to-1 price.

The Wolverines dominated their cupcake non-conference slate, bullying Colorado State, Hawaii and UConn — teams that went a combined 10-27 last year — en route to a plus-149 point differential.

Michigan's Big Ten opener was supposed to be pretty smooth, too, playing as a 17-point favourite at home against Maryland. The Wolverines only won 34-27, despite winning the turnover battle and outgaining the Terrapins by almost 70 yards.

In his first start as Michigan's official QB1, sophomore J.J. McCarthy went 18-for-26 for 220 yards and two touchdowns. Not as flashy as we've seen, but not bad for the former five-star recruit.

Michigan will finally hit the road this week for the first time all season, facing Iowa in a rematch of last year's Big Ten Championship. The Wolverines won that matchup on neutral turf, 42-3.

Team to watch: N.C. State Wolfpack (+8,000)

The most anticipated matchup of Week 5 takes place in Clemson, South Carolina, where the No. 10 Wolfpack travel to face the No. 5 Tigers. The winner will control its own destiny in the ACC's Atlantic division.

Perhaps that seems silly to note at such an early point in the year, but the Atlantic is the stronger of the ACC's two divisions (four of the conference's five ranked teams are in the Atlantic). Whichever team wins the Atlantic has an excellent shot at winning the ACC and earning a CFP berth.

All of that is to say Saturday's matchup is huge. Clemson has dominated the conference for roughly a decade, so a Wolfpack win on Saturday would represent a potential changing of the guard.

If you wait on the results of this game and N.C. State wins, it will no longer have huge value. Of course, the Wolfpack could lose to Clemson and fade quietly down the odds leaderboard, too.

Other college football notes

  • Texas, formerly with odds of +2,000 to win the title, is not back. The Longhorns lost to unranked Texas Tech in overtime last week, losing any and all steam on their chances to win a national championship. Now, Texas is a +50,000 prayer in this futures market.
  • Oklahoma (+10,000) saw its odds take a huge hit after losing at home to Kansas State. The No. 18 Sooners aren't out of the hunt yet, but they only have two ranked opponents on their schedule. A weak conference slate could be their downfall, even if they run the table.
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