It's a new era in college football, as the 2024-25 season will mark the beginning of a 12-team playoff format.
The latest: More playoff teams means more schools will have a shot at the national title. Most of the familiar squads are still at the top, though, led by the Georgia Bulldogs at +350.
In the infancy of the offseason, here are the college football national championship odds as of February 20.
College football national championship odds
Check out all our odds to win the national championship for the 2024-25 season. Click linked odds to add selection to your betslip.
| Team | Odds (Feb. 21) |
| Georgia Bulldogs | +350 |
| Ohio State Buckeyes | +550 |
| Texas Longhorns | +800 |
| Oregon Ducks | +850 |
| Alabama Crimson Tide | +1,100 |
| Ole Miss Rebels | +1,100 |
| LSU Tigers | +1,400 |
| Notre Dame Fighting Irish | +1,400 |
| Michigan Wolverines | +1,600 |
| Clemson Tigers | +2,000 |
| Penn State Nittany Lions | +2,000 |
| Florida State Seminoles | +2,500 |
| Tennessee Volunteers | +3,000 |
| Texas A&M Aggies | +3,000 |
| USC Trojans | +3,000 |
| Missouri Tigers | +4,000 |
| Oklahoma Sooners | +4,500 |
NCAAF odds as of 11:15 a.m. on 02/21/2024.
Best college football national championship odds
The favourites: Georgia Bulldogs (+350)
Athens, Georgia is a factory for NFL talent, which means the team is bound to have some notable roster churn from one year to the next.
The biggest departure from last year's team is All-American tight end Brock Bowers, who'll have his name called early on Day 1 of the upcoming NFL Draft. But quarterback Carson Beck is back for his senior season, which will provide some stability for Kirby Smart's group.
Georgia has 11-plus wins in six of the past seven years, and it won back-to-back national championships in the 2021 and '22 seasons. Between the hedges, greatness is expected.
Other national championship candidates
Best value: Utah Utes (+8,000)
If you're looking for a long shot that could follow the mould of last year's Washington Huskies, Utah might be that team.
Quarterback Cameron Rising, who was in the same recruiting class as Trevor Lawrence and Justin Fields, is back in Salt Lake City for one last ride. He missed last season recovering from a knee injury but starred in 2022, throwing for 26 TDs and over 3,000 yards in 13 games while adding six scores on the ground.
Utah joins a very winnable Big 12 conference that just lost Texas and Oklahoma. The Utes only have one road game in 2024 against an above-.500 team from last year.
CFB championship notes
- It's been an offseason of upheaval for the defending champion Michigan Wolverines (+1,600). In addition to losing quarterback J.J. McCarthy and record-setting tailback Blake Corum, the team also lost coach Jim Harbaugh, who took the top job with the Los Angeles Chargers. Harbaugh brought his defensive coordinator, strength coach, defensive line coach and defensive backs coach with him.
- A new era begins in Tuscaloosa, Alabama, as Nick Saban announced his retirement following the Crimson Tide's season. New coach Kalen DeBoer comes over from Washington and inherits one of the most talented players in the country: QB Jalen Milroe, who is a legit Heisman candidate.
- Bo Nix has moved on to the NFL, but Oregon (+850) should be more than competent under centre with ex-Oklahoma quarterback Dillon Gabriel. The sixth-year QB threw for more than 300 yards per game last season on 69.3% passing, though it remains to be seen if he can sling it like that in the Big Ten.