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Featured Last Updated Sep 16 2024, 3:06 PM

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

Patrick Everson
Patrick Everson Sports Betting Expert
6 minute read

College Football Playoff odds for 2024-25 have percolated for months. With the season now underway, you could say this pot of coffee is ready for consumption.

It didn't take long for Notre Dame to go from sweetheart to potentially reviled ex in odds to win the College Football Playoff. The Fighting Irish tumbled after a shocking Week 2 loss.

Here’s everything you need to know about the 2024-25 College Football Playoff odds market: 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

Notre Dame Pain

QB Riley Leonard and Notre Dame plunged in odds to win the CFP. (Getty)

It's hard to believe that just a week ago, Notre Dame was coming off an impressive win at Texas A&M. Oddsmakers, bettors, fans and analysts were talking about the Fighting Irish's easy path to the 12-team College Football Playoff.

Then somehow, as a 28-point home favorite against Northern Illinois, Notre Dame scored only two touchdowns all day. NIU got a late field goal to go up 16-14, and the game ended when the Huskies blocked Notre Dame's final-seconds 60-yard field-goal attempt.

A week ago, the Irish were the +1600 seventh choice in BetMGM's College Football Playoff odds. After the huge upset, Notre Dame plunged to +8000 to win the title.

"Definitely considerably less action this week. For Notre Dame to have a shot at the playoff, they're probably going to need to win out and get some help elsewhere," BetMGM trading manager Seamus Magee said. "It also wouldn't hurt if A&M ends up having a really good year.

"The Irish will probably need USC to still be a highly ranked team by the time they face the Trojans in November, to give the committee a different opinion of this team. But as it stands right now, it looks very bleak for the Fighting Irish."

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Georgia modestly solidified its spot as the championship favorite, moving from +280 to +275. No. 2 choice Ohio State is unchanged at +375. The Buckeyes are actually lead in tickets and money at BetMGM, followed by Georgia.

Then comes the surging No. 3 choice ...

On The Rise

Quinn Ewers and Texas are on the move up in College Football Playoff odds. (Getty)

In Week 2, Texas made a big statement in an impressive nonconference victory. The Longhorns went to the Big House and put a 31-12 beating on Michigan, with Quinn Ewers throwing for three touchdowns.

Prior to that rout, Texas was already the +850 fourth choice. So there wasn't a lot of room to move. But BetMGM shortened the Longhorns to the +500 third choice in odds to win the College Football Playoff.

"Texas is a short liability for the futures book after last week's dominating win in Ann Arbor," Magee said. "The Longhorns look like the real deal and more than capable of lifting the CFP championship trophy this season.

"We'll get an even better look at this team when Kirby Smart and Georgia come to town later this fall."

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Miami continues to make a good early impression on oddsmakers, too. The Hurricanes went on the road and pounded Florida 41-17 in Week 1. Week 2 was practically a bye against FCS foe Florida A&M, and Miami coasted 56-9.

The 'Canes opened +7500 months ago. Prior to Week 1, they could still be had for +5000 in BetMGM's CFP championship odds. Last week, Miami leapt to +2500, and Cam Ward & Co. are now the +2000 eighth choice.

Tennessee is also on the move. The Vols opened +5000 and a week ago were into +3500. In Week 2, Heisman Trophy candidate Nico Iamaleava led Tennessee to a 51-10 road beatdown of North Carolina State.

BetMGM now has the Vols as the +2200 ninth choice in CFP odds.

On The Decline

Dillon Gabriel and Oregon are lucky to be sitting at 2-0 so far. (Getty)

As noted above, Notre Dame was the big loser this past week in the College Football Playoff odds market. Two more perceived top-10 teams had a lot of trouble in Week 2, though without the catastrophic results.

Oregon was the +750 third choice a week ago, behind only Georgia and Ohio State. But the Ducks followed by nearly losing as 17.5-point home favorites vs. Boise State.

Oregon needed a final-seconds field goal to pull out a 37-34 victory. BetMGM responded by sliding Oregon to the +1000 fourth choice.

"There are some new faces in Oregon that still may need time to gel. I still believe in the talent of this squad and coach Dan Lanning," Magee said. "There are plenty of opportunities for them this year to prove to everyone that they're still an elite squad."

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A week ago, Penn State was the +2000 eight choice in odds to win the CFP. Then the Nittany Lions struggled as massive 34-point home favorites against Bowling Green in Week 2.

Penn State trailed 17-7 in the second quarter and was down 24-17 late in the third quarter. But the Nittany Lions ultimately prevailed 34-27.

Perhaps surprisingly, BetMGM didn't ding Penn State for the lackluster performance. The Nittany Lions actually improved to +1800, but it's clear Penn State has issues to resolve.

"Penn State barely escaped Bowling Green, so some bettors may have a sour taste in their mouths. However, the Nittany Lions have a very manageable schedule and get Ohio State at home this year," Magee said. "The path they have to the Big Ten title game is easier than most of the conference.

"I saw this as a playoff team before this season. And even with last week's performance, I still think they get in the playoffs, perhaps even as Big Ten champions.

Meanwhile, Michigan plunged from +3000 to +8000 after getting run out of its own building by Texas. And Colorado, with all the hype around coach Deion Sanders, tumbled from 150/1 to 300/1 after getting rolled 28-10 at Nebraska.

"Not a lot to be happy about after watching Colorado's game at Nebraska last week. The Buffs looked completely overwhelmed," Magee said. "They're still our biggest CFP champion liability. However, we can put those worries to rest.

"Colorado plays at Colorado State this week, and the handle [so far] isn't even close to what we're used to with Coach Prime at the helm in Boulder. This handle could still be big by the time we kick off Saturday, due to bettors from Colorado. But it's certainly feeling like the hype is dying down."

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Patrick Everson

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
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