College Football Championship Odds 2024: Michigan the Favorite as No. 1 Playoff Seed

The Michigan Wolverines won the Big Ten Championship and are consensus betting favorites by the College Football Championship odds across our best sports betting apps as the playoff picture is set.

Michigan took care of business by defeating Iowa in the Big Ten Championship to confirm its status as the favorite for the College Football Championship entering the playoffs. In so doing, the Wolverines were awarded the No. 1 playoff seed and will face Alabama in the Rose Bowl.

Washington was awarded the No. 2 seed and will take on Texas in the Sugar Bowl.

We’ll be tracking the College Football Playoff odds for the two semifinal matchups right up to New Year’s Day.

With the CFP set, here is our look at the 2024 College Football Championship odds market, and don’t miss our look at all of the college bowl game odds (college football odds via our best sports betting sites).

CFP National Championship odds 2024

(Odds updated Dec. 7)

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College Football Championship betting analysis

It’s crucial to shop around at the best sports betting sites when attacking this market.

With the four-team playoff set, there are market-best prices available for three of the four teams. FanDuel has two of them, while bet365 has the other.

College Football Championship odds movement

There won’t be a whole lot more significant movement in the College Football Championship odds over the course of December.

Factors that will impact the odds will include public betting action on the four remaining teams, and any news pertaining to player health or availability.

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Favorite for the College Football Championship

Michigan (+185 via DraftKings)

Michigan went undefeated during the regular season despite plenty of off-the-field controversy surrounding the program. Head coach Jim Harbaugh has served two different three-game suspensions, but he is expected to return to the sidelines during the postseason.

The Big Ten title game didn’t prove to be much of a challenge, as Michigan won 26-0 over Iowa behind running back Blake Corum.

Michigan opened as a 2-point favorite against Alabama in the Rose Bowl, according to the odds from DraftKings, but was bet down to 1.5 points by Monday morning and has remained there.

College Football Championship odds 2024: Contender

Texas (+300 via bet365)

Texas handled Oklahoma State with a 49-21 win in the Big 12 Championship. The Longhorns lost to Oklahoma on a neutral field, but let’s not forget that this team defeated Alabama on the road earlier this season.

DraftKings is spotting the Longhorns 4.5 points against Washington in the Sugar Bowl despite being the No. 4 seed.

College Football Playoff predictions 2024

  • Texas (+300 via bet365)

College Football Playoff odds

CFP Semifinal at the Rose Bowl: Alabama vs. Michigan

CFP Semifinal at the Sugar Bowl: Texas vs. Washington

We break down the full College Football Playoff odds here.

Hypothetical National Championship odds

DraftKings has also posted early spreads and odds for the four possible College Football Championship matchups.

Recent College Football Championship winners

College football odds pages

College Football Championship FAQs

Who is the CFP National Championship favorite?

Michigan is the favorite to win the CFP National Championship.

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Who won the CFP National Championship last year?

Georgia won the 2023 CFP National Championship by defeating TCU 65-7 in the title game.

The Bulldogs became only the second team to win consecutive titles since the inception of the College Football National Championship Game.

When will the CFP National Championship be decided?

The 2024 CFP National Championship will be decided on Monday, Jan. 8.

Where will the CFP National Championship take place?

For the first time ever, the College Football National Championship Game will take place at NRG Stadium in Houston, Texas.

Here are our best college football betting sites:

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Related pages

  • Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)

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