Late summer is an exciting time at the online sportsbook, as it means college football futures are finally coming into focus.
Every year, I'm especially excited about one market in particular: College Football Playoff odds.
Now that BetMGM has officially posted them, I can dive into all kinds of stats and permutations governing how the 2023 college football season could unfold.
College Football Playoff Odds
| Team | College Football Playoff Odds | Last CFP Appearance |
| Georgia | -250 | 2022 |
| Michigan | +100 | 2022 |
| Ohio State | +115 | 2022 |
| Alabama | +150 | 2021 |
| USC | +225 | N/A |
| Clemson | +300 | 2020 |
| Florida State | +300 | 2014 |
| Texas | +325 | N/A |
| LSU | +400 | 2019 |
| Penn State | +450 | N/A |
| Oklahoma | +600 | 2019 |
| Washington | +650 | 2016 |
| Oregon | +650 | 2014 |
| Notre Dame | +750 | 2020 |
| Utah | +1000 | N/A |
| Wisconsin | +1000 | N/A |
| Tennessee | +1400 | N/A |
| Texas A&M | +1600 | N/A |
| Kansas State | +2000 | N/A |
| North Carolina | +2000 | N/A |
| Oregon State | +2000 | N/A |
| Iowa | +3000 | N/A |
| UCLA | +3000 | N/A |
| Texas Tech | +3500 | N/A |
| Ole Miss | +3500 | N/A |
| Baylor | +3500 | N/A |
| TCU | +4000 | 2022 |
| Miami (FL) | +4000 | N/A |
| South Carolina | +5000 | N/A |
| Louisville | +5000 | N/A |
| Tulane | +5000 | N/A |
| Auburn | +6600 | N/A |
| Arkansas | +6600 | N/A |
Betting on College Football Playoff Odds
Let's start at the beginning. CFP odds are quite different from the zero-sum college football national championship odds market. As Billy Beane said in Moneyball, only one team can win the last game of the season. Thus, only one ticket is going to cash out in the championship market.