OSU

College Football National Championship Odds: Ohio State Still Favored, Indiana Closing Gap

The Ohio State Buckeyes remain at the top of the College Football National Championship odds as +190 favorites, according to FanDuelIndiana follows at +320, while Georgia (+600) stays near the top. All of these programs are squarely in the College Football Playoff conversation.

Indiana and Ohio State are close enough as favorites that you can bet on either of them (-105) or the field (-125) to win the National Championship.

2025 College Football National Championship Odds

Odds To Win College Football - National Championship 2025-26
TeamsOdds
Ohio State Buckeyes+200
Indiana Hoosiers+310
Georgia Bulldogs+550
Notre Dame Fighting Irish+700
Oregon Ducks+750
Texas Tech Red Raiders+850
Texas A&M Aggies+2000
Mississippi Rebels+2200
Miami-FL Hurricanes+2500
Alabama Crimson Tide+3000
Oklahoma Sooners+5000
James Madison Dukes+75000
Tulane Green Wave+75000
Virginia Cavaliers+75000
Air Force Falcons+100000
Akron Zips+100000
Alabama-Birmingham Blazers+100000
Appalachian State Mountaineers+100000
Arizona Wildcats+100000
Arizona State Sun Devils+100000
Arkansas Razorbacks+100000
Arkansas State Red Wolves+100000
Army Black Knights+100000
Auburn Tigers+100000
Ball State Cardinals+100000
Baylor Bears+100000
Boston College Eagles+100000
Bowling Green Falcons+100000
Brigham Young Cougars+100000
Buffalo Bulls+100000
California Golden Bears+100000
California-Los Angeles Bruins+100000
Central Florida Knights+100000
Central Michigan Chippewas+100000
Charlotte 49ers+100000
Cincinnati Bearcats+100000
Clemson Tigers+100000
Coastal Carolina Chanticleers+100000
Colorado Buffaloes+100000
Colorado State Rams+100000
Connecticut Huskies+100000
Duke Blue Devils+100000
East Carolina Pirates+100000
Eastern Michigan Eagles+100000
Florida Gators+100000
Florida Atlantic Owls+100000
Florida International Panthers+100000
Florida State Seminoles+100000
Fresno State Bulldogs+100000
Georgia Southern Eagles+100000
Georgia State Panthers+100000
Georgia Tech Yellow Jackets+100000
Hawaii Rainbow Warriors+100000
Houston Cougars+100000
Illinois Fighting Illini+100000
Iowa Hawkeyes+100000
Iowa State Cyclones+100000
Jacksonville State Gamecocks+100000
Kansas Jayhawks+100000
Kansas State Wildcats+100000
Kennesaw State Owls+100000
Kent State Golden Flashes+100000
Kentucky Wildcats+100000
Liberty Flames+100000
Louisiana State Tigers+100000
Louisiana Tech Bulldogs+100000
Louisiana-Monroe Warhawks+100000
Louisville Cardinals+100000
Marshall Thundering Herd+100000
Maryland Terrapins+100000
Massachusetts Minutemen+100000
Memphis Tigers+100000
Miami-OH RedHawks+100000
Michigan Wolverines+100000
Michigan State Spartans+100000
Middle Tennessee Blue Raiders+100000
Minnesota Golden Gophers+100000
Mississippi State Bulldogs+100000
Missouri Tigers+100000
Navy Midshipmen+100000
Nebraska Cornhuskers+100000
Nevada Wolf Pack+100000
Nevada-Las Vegas Rebels+100000
New Mexico Lobos+100000
New Mexico State Aggies+100000
North Carolina Tar Heels+100000
North Carolina State Wolfpack+100000
North Texas Mean Green+100000
Northern Illinois Huskies+100000
Northwestern Wildcats+100000
Ohio Bobcats+100000
Oklahoma State Cowboys+100000
Old Dominion Monarchs+100000
Oregon State Beavers+100000
Penn State Nittany Lions+100000
Pittsburgh Panthers+100000
Purdue Boilermakers+100000
Rice Owls+100000
Sam Houston State Bearkats+100000
San Diego State Aztecs+100000
San Jose State Spartans+100000
South Alabama Jaguars+100000
South Carolina Gamecocks+100000
Southern California Trojans+100000
Southern Methodist Mustangs+100000
Southern Miss Golden Eagles+100000
Stanford Cardinal+100000
Syracuse Orange+100000
Temple Owls+100000
Tennessee Volunteers+100000
Texas Longhorns+100000
Texas Christian Horned Frogs+100000
Texas El Paso Miners+100000
Texas State Bobcats+100000
Texas-San Antonio Roadrunners+100000
Toledo Rockets+100000
Troy Trojans+100000
Tulsa Golden Hurricane+100000
Utah Utes+100000
Utah State Aggies+100000
Vanderbilt Commodores+100000
Virginia Tech Hokies+100000
Wake Forest Demon Deacons+100000
Washington Huskies+100000
Washington State Cougars+100000
West Virginia Mountaineers+100000
Western Kentucky Hilltoppers+100000
Western Michigan Broncos+100000
Wisconsin Badgers+100000
Wyoming Cowboys+100000
Central Connecticut State Blue Devils- -
Drake Bulldogs- -
Harvard Crimson- -
Illinois State Redbirds- -
Lehigh Mountain Hawks- -
Mercer Bears- -
Montana Grizzlies- -
Montana State Bobcats- -
New Hampshire Wildcats- -
North Dakota Fighting Hawks- -
North Dakota State Bison- -
Rhode Island Rams- -
South Dakota Coyotes- -
South Dakota State Jackrabbits- -
Tarleton State- -
Tennessee Tech Golden Eagles- -
UC Davis Aggies- -
Villanova Wildcats- -
Western Carolina Catamounts- -
Yale Bulldogs- -
Youngstown State Penguins- -

Odds as of December 19th, 2025 06:52am EST.

Oregon

Terms and Conditions

Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. See assets.underdogfantasy.com/web/PlayandGetTerms_DFS_.html for details. Offer not valid in MD, MI, NJ, NY, OH, and PA.  Concerned with your play? Call 1-800-GAMBLER or visit www.ncpgambling.org; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369). 

National Championship Odds Favorite: ohio state buckeyes (+190)

The Buckeyes (12-1 SU, 10-2-1 ATS) opened the season with a gritty 14-7 win over the No. 1-ranked Longhorns, hushing the Arch Manning hype at The Shoe. With Julian Sayin completing just 13 passes for 126 yards, the young quarterback was kept out of harm's way. Ryan Day said post-game he could've opened up the playbook more, but didn't want the sophomore in vulnerable positions. However, the adjustment period was over by Week 2. 

Sayin was let loose, going 18-for-19 for 300 yards and four touchdowns in a dominant 70-0 rout of Grambling State. While he was also picked off twice in Week 3, reminding us he is still a young quarterback leading an insanely gifted team, he has only thrown four all season. He's sitting comfortably in his role, holding the nation's best completion percentage (78.4%) with 31 touchdowns against just six interceptions.

Through 13 games, Ohio State has conceded double-digit points in just five matchups, and never more than 16 in one game. They sit as the top-ranked scoring defense in the nation (8.2 PPG). Caden Curry is stealing the show, pocketing 11 sacks (72 sack yards) and 13.5 tackles for loss.

The only loss that Ohio State has taken was against No. 2 Indiana in the Big Ten Championship, dropping the contest 13-10.

There's still profit on these futures bets, so if you want to lock in a bet on Ohio State, check out our college football betting sites to find the best book for you. 

National Championship Odds contender: Indiana Hoosiers (+320)

Indiana (13-0 SU, 8-5 ATS) has quickly turned heads under Curt Cignetti, showing last year's playoff run and first-ever double-digit win season wasn't a fluke. The No. 2 Hoosiers, their highest AP Poll ranking in history, have already beaten three top-10 teams—a huge 63-10 win over Illinois, a 30-20 dub against Oregon, and the 13-10 win over Ohio State in the Big Ten Championship.

QB Fernando Mendoza has been a major factor behind the success, moving from a +5500 long shot to a -3000 favorite in the Heisman odds, showcasing the balanced offense that can win both through the air and on the ground. Indiana's been beating top teams, controlling the clock, and making plays on defense; Louis Moore has six picks, tied for the second most in the country. It all comes together to show that Indiana is a legitimate national title contender, not just another surprise story.

The College Football Playoff

2025-26 College Football Playoff
Team
1. Indiana Hoosiers*
2. Ohio State Buckeyes*
3. Georgia Bulldogs*
4. Texas Tech Red Raiders*
5. Oregon Ducks
6. Ole Miss Rebels
7. Texas A&M Aggies
8. Oklahoma Sooners
9. Alabama Crimson Tide
10. Miami (FL) Hurricanes
11. Tulane Green Wave
12. James Madison Dukes

*=First-round bye

The College Football Playoff selection committee revealed the 12 members of the postseason Sunday. Notre Dame, which went 10-2 this season, was the most notable omission. Last year's National Championship runner-ups will have to wait until next campaign for a shot at another title after Miami was given the final at-large berth in the bracket. Tulane and James Madison have lower ranks, but they earned their spots by being two of the five-highest-ranked conference champions.

Our bowl odds page lists matchups, scheduling and odds for each CFP meeting. 

Last 10 College Football National Champions

Last 10 College Football National Championship Winners
YearTeamOpening OddsPostseason Odds
2024Ohio State Buckeyes+325+275
2023Michigan Wolverines+800+185
2022Georgia Bulldogs+200-165
2021Georgia Bulldogs+800-225
2020Alabama Crimson Tide+600-200
2019LSU Tigers+5000+300
2018Clemson Tigers+600+350
2017Alabama Crimson Tide+300+400
2016Clemson Tigers+700+600
2015Alabama Crimson Tide+800+120
2014Ohio State Buckeyes+1000+1500


The SEC conference has claimed six of the last national titles over the last decade. By the looks of it, sportsbooks do a decent job with their opening odds. Only one program had early odds of +1000 or higher, the Buckeyes in 2014. 

College Football Teams with the Most National Titles

Most National Championships By School
SchoolNumber Of ChampionshipsLatest Win
Yale181927
Alabama162020
Princeton151922
Notre Dame131988
Michigan102023
USC92004
Harvard81919
Ohio State82014
Oklahoma 72000


Despite not having hoisted the trophy since 1927, Yale was a wagon, picking up 14 titles by the turn of the 20th century.

In terms of modern-day history, the Tide has passed the torch as a dynasty. With the help of Nick Saban, Alabama pocketed six championships between 2009 and 2020. 

College Football National Championship Betting Trends

  • The betting favorites have won and covered the spread in five straight seasons between 2020 and 2024.
  • The UNDER is 7-3 across the last 10 national championship meetings.
  • Since being introduced in 2014, Alabama has had the most CFP experience with eight appearances (9-5 SU). In that span, they've collected three national titles, lost in finals three times, and fallen in semi-finals twice.

How to bet on the college football national championship

When it comes to big events for any sport, you can bet on futures months in advance, including which team will win the national championship. Each week, oddsmakers will update the odds to reflect how a squad is doing. If a team is plagued with injuries, their chances of making it to the final game slim down. A surging squad will see its odds skyrocket.

When you go to a college football sportsbook, you’ll see the betting lines laid out like this:

  • Georgia +175
  • Alabama +300
  • Ohio State +350

Georgia opens as the fave since the Bulldogs have the lowest odds. The Crimson Tide and Buckeyes are considered underdogs.

If you believe that Georgia has the best chance of winning the championship, and you bet $100 on them, you'd get a payout of $275 – your original $100 is returned along with your winnings of $175. Our odds calculating tool will show you how much you'd win based on the odds and amount bet.

When you see futures odds that you like, it's best to jump on them early. As mentioned above, betting sites will adjust the odds as we get closer to bowl season and teams move up and down in the standings.

Back to Top