College Football Playoff Odds Report, Trends 2024-25: Everything You Need To Know

Patrick Everson Sports Betting Expert

3 minute read

College Football Playoff odds for 2024-25 continue to shape up as the first round of the postseason arrives. So the needs and liabilities behind the counter are shaping up, as well.

Oregon and Texas are co-favorites in odds to win the College Football Playoff. Georgia and Ohio State are co-No. 2 choices.

Here’s everything you need to know about 2024-25 College Football Playoff odds: action, movement and betting trends for the national championship. Check back regularly for updates, and make sure to use our BetMGM bonus code available to new registrants when you're ready to bet on the action!

College Football Playoff Odds

Top of the Ladder

Big Ten champion Oregon is +350 in BetMGM's College Football Playoff futures odds. Texas lost in the SEC final vs. Georgia, but oddsmakers like the Longhorns' path, so Steve Sarkisian's squad is the +350 co-favorite.

Texas hosts Clemson in a first-round playoff game. Oregon meets the winner of Tennessee vs. Ohio State. BetMGM certainly has a preference among the co-faves.

"Texas has been a team bet on most weeks to win the title, attracting action all throughout the season," BetMGM trading manager Seamus Magee said. "Bettors seemed to have cooled on Oregon. The Ducks have been short all year and look like a great result for the book.

"Oregon is a great result, Texas not so much."

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Ticket Takers and Money Makers

Ohio State and Georgia are the +500 co-second choices in BetMGM's odds to win the College Football Playoff. Similar to the Oregon-Texas situation, Georgia has a bye as the SEC champ, while Ohio State – as noted above – hosts Tennessee.

That said, no team has taken more tickets to win the national title than Ohio State. Texas is No. 2 in tickets, followed by Georgia. Those same three teams, but in different order, lead the money count at BetMGM: Georgia, Texas, Ohio State.

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So what's BetMGM hoping happens over the next month?

"We'd love to see Ohio State, Oregon or even a Penn State win the whole thing," Magee said. "We're looking to avoid Boise State, Arizona State and Indiana."

Those three liabilities are due in no small part to long odds over the course of the season. Indiana opened a massive +50000 (500/1), as did Arizona State, and Boise State opened +25000 (250/1)

Now, Indiana is +4000, Arizona State is +5000 and Boise State is the last of the 12 teams at +6000. ASU and Boise State have first-round byes, while Indiana travels to Notre Dame.

Underdog Run?

Oddsmakers' expectations are that one of the big boys will lift the trophy on Jan. 20 in Atlanta. But that's not to say one of the longer shots couldn't do some damage along the way, perhaps even starting in the first round.

"I think it's certainly possible for teams like Boise State and SMU to have a bit of a run. Both would be decent 'dogs to Penn State, but Boise State with a bye and on a neutral field might be able to make some noise," Magee said.

Southern Methodist actually is a decent 'dog to Penn State, catching 8.5 points on the road in the first round. The Mustangs are the +9000 co-ninth choice along with Indiana in College Football Playoff championship odds.

Boise State then gets the winner of SMU-Penn State, presumably the Nittany Lions, at the Fiesta Bowl in Glendale, Ariz.

Magee is perhaps more intrigued by the No. 12 seed in the CFP. Clemson won the ACC title to get into the tournament, but is the lowest seed and is +5000 in CFP odds, the second-longest price at BetMGM.

As noted above, Clemson travels to Texas in the first round.

"I think Clemson has a better shot than most would think against Texas. That would give the Tigers an easier game against Arizona State in the quarterfinals," Magee said. "I'm not too high on Arizona State. This was not a kind draw for the Sun Devils."

If ASU survives the quarterfinals, it would face a semifinal against either Oregon, Ohio State or Tennessee.

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Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson