College Football Championship Odds 2024: Michigan Leads as Favorite Heading to CFP

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 heading into the playoffs.

Michigan took care of a business by defeating Iowa in the Big Ten Championship to confirm its status as the favorite for the College Football Championship entering the playoffs. Meanwhile, Georgia suffered defeat at the hands of Alabama in the SEC Championship. The two-time defending national champion is at serious risk of being left out of the four-team playoff.

With the CFP nearly set, here is our look at the 2024 College Football Championship odds market (odds via our best sports betting sites).

College Football Championship odds 2024

(Odds updated Dec. 3)

College Football Championship betting analysis

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

Even with only six teams left on the consensus board ahead of Sunday's CFP selection committee announcements, we're able to get standalone market-best odds on four of the six remaining contenders. Almost more importantly, there's a market-best price bettors will be available to avoid only by shopping around and having multiple accounts.

This oddsboard will take shape throughout Sunday, and then it'll stay nearly static until the College Football Playoff.

College Football Championship odds movement

The biggest move following Saturday's results was Alabama's surge up the oddsboard, coupled with Georgia's demise as a result of the SEC Championship. Alabama and Georgia finished with identical 12-1 overall records with 8-0 conference marks, but the head-to-head win pushes Alabama ahead of the reigning national champion Bulldogs.

Favorite for the College Football Championship

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, behind running back Blake Corum.

College Football Championship odds 2024: Contender

Texas has the second-shortest odds on the board after handling 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.

College Football Championship odds 2024: Long shot

Taking down the back-to-back national champions and winning the SEC Championship will surely be enough to get Alabama back in the College Football Playoff, despite a loss to Texas earlier this season.

The Crimson Tide may have saved their best football for late in the season and are now a serious threat.

Recent CFP National Championship winners

College football odds pages

College Football Championship FAQs

Who is the CFP National Championship favorite?

Michigan and Georgia are the favorites to win the CFP National Championship.

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. 

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