National Championship odds: Betting favorites updated after reveal of College Football Playoff bracket
Now that the 2025 College Football Playoff bracket is in place, the updated national championship odds have been released, according to BetMGM. First-round CFP games will begin Dec. 19-20 as teams race for the title.
Although Indiana is the No. 1 seed in the field, Ohio State has the shortest odds to win the national championship. The Buckeyes dropped to the No. 2 seed after falling to the Hoosiers in the Big Ten Championship on Saturday, but are the favorite to win it all at +225.
The stage is set for the College Football Playoff with 12 teams left standing. Here are the full national championship odds, according to BetMGM.
Ohio State: +225
Although Ohio State is the No. 2 seed, the Buckeyes are the favorite to win the College Football Playoff national championship. They opened at +225 to repeat as champions.
Ohio State went 11-0 during the regular season, including a rivalry victory over Michigan, before falling to Indiana in the Big Ten Championship. The Buckeyes still secured a first-round bye in the CFP and will get things started in the Cotton Bowl on New Year’s Eve.
Indiana: +275

After winning its first outright Big Ten Championship since 1945, Indiana is the top seed in this year’s College Football Playoff. But the Hoosiers have the second-shortest odds to win the national championship, according to BetMGM, at +275.
Indiana is the last undefeated team left standing in FBS, completing a 13-0 season with a Big Ten title game victory over Ohio State. The Hoosiers will start the CFP at the Rose Bowl, awaiting the winner of No. 9 seed Alabama vs. No. 8 seed Oklahoma.
Georgia: +600
After a dominant performance in the SEC Championship against Alabama, Georgia is the No. 3 seed in the College Football Playoff. The Bulldogs also have the third-shortest odds to win the national championship, sitting at +600, according to BetMGM.
UGA defeated Alabama in the regular season, but got revenge in a big way in Saturday’s SEC title game, getting the 28-7 victory. That improved the Bulldogs to 12-1 on the year and helped them secure a first-round bye to the Sugar Bowl.
Oregon: +900
Tied for the fourth-shortest odds to win the national championship, Oregon is the No. 5 seed in the College Football Playoff. That means the Ducks will host a first-round game, welcoming Sun Belt champion James Madison to Eugene.
Oregon went 11-1 in the regular season, only losing to Indiana at Autzen Stadium. That helped the Ducks stay squarely in the mix for the CFP, and they sit at +900 to win it all, according to BetMGM.
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Texas Tech: +900

After a huge 2025 season, Texas Tech brought home the Big 12 Championship. The Red Raiders dominated BYU for the second time this year to clinch the title and seal a first-round bye in the College Football Playoff.
Texas Tech is also +900 to win the national championship, according to BetMGM. The Red Raiders are the No. 4 seed in the field and will get things underway against the winner of James Madison vs. Oregon in the Orange Bowl.
Texas A&M: +1400
Although Texas A&M missed out on the SEC Championship, a first-round game is still coming to Kyle Field. The Aggies will get the College Football Playoff underway against No. 10 seed Miami.
Texas A&M went 11-1 in the regular season, but a Lone Star Showdown loss to Texas kept the program out of the SEC title game. Still, the Aggies are +1400 to win the national championship, according to BetMGM.
More national championship odds
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