Updated CFP National Championship Odds have established the odds on favorites in Vegas to win the first-ever 12-team CFP National Championship
The College Football Playoff picture has a new favorite, and it’s wearing scarlet and gray.
Ohio State, once an underdog in this postseason journey, now finds itself as the betting favorite to win the national title at +125 odds. The Buckeyes’ rise came with a statement—a 41-21 dismantling of top-seeded Oregon in the Rose Bowl. What began as a clash of giants became a showcase of Ohio State’s dominance, securing their spot in the CFP semifinal.
Oregon carried the weight of expectation, undefeated, and crowned the Big Ten champions after outlasting Penn State. When Texas rolled past Clemson in the opening round, the Longhorns took the mantle of favorites. But Wednesday night changed everything. Ohio State didn’t just win; they overwhelmed, leaving no doubt about their credentials.
THIS IS INSANITY!
OREGON HADN’T LOST ALL YEAR. THEY TRAIL OHIO STATE 31-0 AFTER 21 MINUTES! pic.twitter.com/GqsQxSGB3O
— The Sports Place (@offsportsplace) January 1, 2025
This turnaround is remarkable for a team that staggered into the postseason following a stunning loss to Michigan. But since that stumble, the Buckeyes have found their stride, obliterating Tennessee in the first round and outclassing Oregon on the sport’s grandest stage.
Now, a showdown with No. 5 Texas in the Cotton Bowl awaits. Ohio State is peaking when it matters most, carrying momentum—and belief—into a game that could bring them one step closer to glory.
2024 CFP National Championship Odds
| Team | Odds |
|---|---|
| Ohio State | -105 |
| Notre Dame Fighting Irish | +380 |
| Texas Longhorns | +400 |
| Penn State Nittany Lions | +480 |
On the other side is a showdown between the Penn State Nittany Lions at +480 and the Notre Dame Fighting Irish, the second odds-on favorite at +380. Will we see a national championship matchup between the two favorites? Or will an upset add another wrinkle to the first-ever 12-team CFP national championship?
