2026-27 CFP Futures Odds: Ohio State Opens as Favorite
College Football Playoff championship odds for 2026-27 have had a few months to percolate and are drawing noteworthy action.
Indiana is the defending national champion. But the Hoosiers debuted and remain the fifth choice in 2026-27 CFP championship odds. Big Ten rival Ohio State is the favorite.
Prediction markets are also getting involved, with prediction market apps such as Kalshi offering users a way to trade contracts on who will win the CFP. Below are current College Football Playoff futures odds from Kalshi. Use our Kalshi promo code to get started by clicking on the module below.
Below are CFP championship odds from an array of sportsbooks. To get the most out of your college football bets, use our Fanatics Sportsbook promo.
(Feature image: Brett Davis/Imagn Images)
National Championship Winner Odds
| Time | BetMGM | DraftKings | Caesars | FanDuel | RiversCasino | |
|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › | |
| +600 | +650 | +600 | +550 | +650 | ||
| +700 | +700 | +600 | +650 | +600 | ||
| +750 | +750 | +725 | +750 | +800 | ||
| +700 | +750 | +650 | +750 | +700 | ||
| +700 | +800 | +800 | +800 | +800 | ||
| +1000 | +1000 | +850 | +900 | +800 | ||
| +1300 | +1500 | +1100 | +1200 | +1600 | ||
| +1500 | +1600 | +1000 | +2200 | +1400 | ||
| +1500 | +1800 | +1700 | +1800 | +1600 | ||
| +2000 | +2000 | +1300 | +2500 | +800 | ||
| +1500 | +2500 | +2200 | +2200 | +1600 | ||
| +2500 | +3000 | +3000 | +2200 | +3300 | ||
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2026-27 College Football Playoff Odds
Head of the Class
LATEST UPDATE: Ohio State opened and remains the +600 favorite in BetMGM's College Football Playoff futures odds, as of April 24. Also just as it was months ago, Notre Dame, Oregon and Texas are the +700 co-second choice.
Defending national champion Indiana follows as the +750 fifth choice, shortening slightly from its +800 opening odds. In the 2025-26 championship game, the Hoosiers completed a 16-0 season with a 27-21 victory over Miami.
Obviously, the bulk of the action is still to come in CFP championship odds. But there are some notable developments through the first three months.
Namely: Notre Dame is No. 1 in tickets at BetMGM, and Miami – the +1300 seventh choice – is No. 1 in money. The top five in tickets in BetMGM's CFP futures:
- Notre Dame
- Ohio State
- Texas
- Indiana
- LSU
LSU is the +1500 co-eighth choice, along with Alabama, Texas A&M and Texas Tech.
The top five in money in BetMGM's College Football Playoff national championship odds:
- Miami
- Notre Dame
- Ohio State
- Texas
- LSU
An interesting stat: Miami is sixth in ticket count, at 5.2%, but that's translating into 15.7% of money. BetMGM doesn't mention it, but that could indicate that there's a sizable bet or two on the Hurricanes. Miami opened +2000 and is now the +1300 seventh choice.
Also interesting: Neither +1000 sixth choice Georgia nor Alabama are in the top five of tickets or dollars. The Bulldogs are eighth in tickets/10th in money, while the Crimson Tide are 13th in tickets and 15th in money.
Ole Miss, which reached the semifinals last year before losing to Miami, is the most notable mover in CFP futures odds. The Rebels opened at +4000 and are into +2500.
In order, BetMGM noted its largest liabilities in college football national championship futures are:
- Notre DAme
- Miami
- Ohio State
Opening National Championship Odds
Listed below are are the Jan. 19 opening college football odds to win the 2026-27 National Championship, from BetMGM:
- Ohio State +600
- Notre Dame +700
- Oregon +700
- Texas +700
- Indiana +800
- Georgia +900
- Alabama +1500
- LSU +1500
- Texas Tech +1500
- Texas A&M +1500
- Miami +2000
- Michigan +3000
- Oklahoma +3000
- USC +4000
- Ole Miss +4000
Odds Provided by BetMGM and subject to change.
Use our BetMGM bonus code today to pick which team you think will win the College Football Playoff!
College Football Playoff Format
The College Football Playoff is heading toward its third season with the 12-team format.
The field of 12 is comprised of five highest-ranked conference champions, and the next seven highest-ranked other teams. The rankings will again be determined by the College Football Playoff committee.
College Football Playoff Schedule
Check back for the full bowl schedule for the 2026-27 College Football Playoff. The national championship game is at Allegiant Stadium in Las Vegas.
How To Read College Football Playoff Futures Odds
Over 133 schools are looking for a chance to earn a trip to the 2025-26 College Football Playoff.
Let's look at an example. Ohio State is the +500 co-favorite to win the national championship. That means a $100 wager would yield a $500 profit if the Buckeyes win the title.
How To Bet On College Football Futures
American football is the most popular game among bettors in the United States, and a large portion of that interest is from college football. Analyzing futures odds and predicting which school will become the champion every season continues to receive attention at the betting counter.
Check out our list of the best sportsbooks and sportsbook promos to find the best and most secure places to make college football bets, as well as exclusive sportsbook offers. You can also use our Caesars sportsbook promo code to unlock potential bonus bets.
College Football Futures can be bet on throughout the year. As with any betting market, there are wagering peaks and valleys. After each season ends in January, oddsmakers send out their opening futures for the following season.
The main market is for the NCAA Division 1 Football Bowl Subdivision. There are more than 125 teams divided into 10 conferences, and a group of independent schools, including Notre Dame.
Some sportsbooks set college football futures on every school eligible to win the championship. But other operators keep the list at 50 teams or even fewer, since some lower-tier schools don’t have a competitive chance. The Future Odds market doesn’t receive as much attention in the spring, but interest tends to pick up in the summer and in the first couple weeks of the regular season.
Interest tends to heighten again as conference championship weekend draws near. And betting on College Football Playoff futures odds really picks up after the 12-team field is set.
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NCAAF Popular Futures Odds
- Heisman Trophy
- College Football Playoff
- Win Totals
- SEC Championship
- Big Ten Championship
- Big 12 Championship
- American Championship
- MWC Championship
- Sun Belt Championship
- CUSA Championship
- MAC Championship
Most Popular Betting Odds
