College Football National Championship Odds 2027: Ohio State, Notre Dame Among Offseason Favorites
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The College Football National Championship odds have remained relatively the same throughout the offseason, and it's mostly those blue-blood programs we're used to seeing at the top of the college football odds board.
Among the favorites is Ohio State after a disappointing playoff exit last season, with Notre Dame and Texas rounding out the Top 3 midway through the summer.
CFP National Championship odds
| Team | Probabillity |
|---|---|
| Notre Dame Fighting Irish | 12% |
| Texas Longhorns | 12% |
| Ohio State Buckeyes | 11% |
| Oregon Ducks | 10% |
| Georgia Bulldogs | 9% |
| Indiana Hoosiers | 9% |
| Miami Hurricanes | 8% |
| LSU Tigers | 4% |
| Alabama Crimson Tide | 4% |
| Mississippi Rebels | 3% |
| Oklahoma Sooners | 3% |
| Texas Tech Red Raiders | 3% |
| Texas A&M Aggies | 3% |
| Florida Gators | 2% |
| Tennessee Volunteers | 2% |
| USC Trojans | 2% |
Percentages courtesy of Kalshi, one of our best prediction market apps.
CFP National Championship futures
| Pick | Odds | Pick date | Units |
|---|---|---|---|
| Oregon Ducks | 10% | May 27 | 0.5 |
Dan Lanning's Oregon Ducks are going to break through. It's only a matter of time.
Dante Moore passed up the NFL Draft to return for his senior season, and he'll have Evan Stewart (missed all of last season with a knee injury) and 2025 No. 1 wide receiver recruit Dakorien Moore to throw to.
Trips to USC and Ohio State are the only scary matchups on the schedule, and they'll have chances to boost their resume with home games against Michigan and Washington in the final three weeks of the season.
I project this as an 11-1 season, with that lone loss coming at Ohio State on November 7, but that record and a potential Big Ten title game appearance could be enough for a first-round bye in the CFP.
College Football Playoff odds
NCAA College Football Playoff odds are determined by professional oddsmakers at trading sites. This year, the College Football Playoff bracket has expanded to 12 teams. The odds reflect the probability of a particular outcome and are set to attract balanced trading action on both sides of a wager. Here are some of the factors oddsmakers consider before releasing lines to the public:
Team performance: Oddsmakers assess the performance of the teams throughout the season, including their win-loss records and strength of schedule
Injuries: The status of key players, especially quarterbacks and other impact positions, can have a major impact on the odds.
Head-to-head matchups: The historical performance of teams against each other, as well as their most recent matchups, can influence the odds.
Public perception: Oddsmakers take into account public sentiment and trading patterns. If a popular team like Notre Dame or Ohio State is playing, odds may be adjusted to limit the sportsbook's risk.
Venue: The location of the game (neutral site or home-field advantage) can affect the odds.
Coaching: The reputation and experience of the coaches can play a big role in setting odds.
Once these factors are considered, oddsmakers set an initial line, known as the opening line. This line is adjusted based on trading activity to ensure the sportsbook has a balanced amount of money on both sides of the wager. If too much money is coming in on one side, the odds may be adjusted to encourage trading on the other side.
College Football National Championship history
| Season | Team | Record | Rank |
|---|---|---|---|
| 2025 | Indiana Hoosiers | 16-0 | 1 |
| 2024 | Ohio State Buckeyes | 14-2 | 6 |
| 2023 | Michigan Wolverines | 15-0 | 1 |
| 2022 | Georgia Bulldogs | 15-0 | 1 |
| 2021 | Georgia Bulldogs | 14-1 | 3 |
| 2020 | Alabama Crimson Tide | 13-0 | 1 |
| 2019 | LSU Tigers | 15-0 | 1 |
| 2018 | Clemson Tigers | 15-0 | 2 |
| 2017 | Alabama Crimson Tide | 13-1 | 4 |
| 2016 | Clemson Tigers | 14-1 | 2 |
| 2015 | Alabama Crimson Tide | 14-1 | 2 |
College Football National Championship trends
- The CFP National Championship has been won by a Big Ten team in three straight years, but SEC teams won six of eight titles before that.
- An SEC team played in the National Championship Game every year from 2016 to 2023, but hasn't had a finalist in the last three title games.
- The No. 1-ranked team has won just five of the last 12 National Championships.
- Only two teams outside of the SEC, Big Ten, Big 12, and ACC have made an appearance in the National Championship (2014 Oregon, 2023 Washington).
Odds are correct at the time of publishing and are subject to change.
Not intended for use in MA.
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