When approaching the futures market, I generally like to open up three tabs.
The first is the current odds being offered by sportsbooks. The second is FiveThirtyEight's college football predictions page, which produces probabilities you can manipulate based on single-game outcomes or if a team and/or teams were to win out. And the final tab I like to have handy is FBSchedules.
The data produced by this trio makes it pretty clear that there are only 13 teams remaining with a viable chance to win it all come January.
Of those 13 teams, I'm not interested in Alabama, Ohio State or Georgia. Tying my money up for three months, only to see a return in the 2-1 range isn't worth it, plain and simple.