The Georgia Bulldogs pulled off a thrilling — and dominant — victory over the Alabama Crimson Tide to win the 2022 CFP National Championship. They outscored Alabama 27-9 in the second half en route to a 33-18 win in order to snap a 41-year title drought and to finally topple the Crimson Tide.
Looking ahead to next year, these titans of college football are again atop the board to win it all in early betting odds, though Alabama has inched ahead of Georgia after the schools opened as co-favorites. Ohio State and Clemson are the only other programs with 10/1 odds or better at this point in the offseason.
Here's a look at the latest odds for the 2022-23 college football season.
2023 College Football National Championship odds
Odds courtesy of FanDuel, as of May 4, 2022.
Favorites to win the College Football National Championship
Alabama Crimson Tide (+200)
Nick Saban's team has been a fixture in the National Championship game and atop betting boards for ages now. They've played in six of the eight CFP title games (winning three) since it switched from the BCS National Championship game in 2014. This program is as well-oiled a machine as you'll find. So even with quarterback Bryce Young in the mix as the potential top pick in the NFL draft, oddsmakers aren't betting against Alabama even after its loss to Georgia. One significant change involves the addition of former Georgia wide receiver Jermaine Burton, who announced he would transfer to Alabama earlier this month. Burton was second on the Bulldogs with 497 receiving yards and tied for second with five receiving touchdowns.
Georgia Bulldogs (+350)
The Bulldogs won a college football championship for the first time in 41 years as they finally managed to defeat Saban and the rival Crimson Tide in the 2022 title game. There is already turnover with Burton among eight players who hit the transfer portal in January alone, but Georgia has been resilient under Kirby Smart since his tenure as head coach began in 2016. Oddsmakers are confident, at least for now, that the Bulldogs will once again be in the conversation next season.
Ohio State Buckeyes (+500)
The Buckeyes are coming off a solid 10-2 season that culminated in a 48-45 Rose Bowl victory over the Utah Utes, but they ultimately missed out on the College Football Playoff. Ryan Day's program will look to return to the big stage after losing to the Crimson Tide in the 2021 edition of the championship game.
Clemson Tigers (+1,000)
Clemson has appeared in four title games in the last decade, most recently falling to LSU in January 2020. The Tigers finished strong in 2021, winning six straight and topping the Iowa State Cyclones 20-13 in the Cheez-It Bowl, but it was a disappointing season on the whole as they finished 10-3 and in third place in the ACC Atlantic. Clemson's poised for a rebound and may have found a new quarterback after head coach Dabo Swinney announced the signing of Northwestern transfer Hunter Johnson earlier this month.
Texas A&M Aggies (+3,000)
Texas A&M rounds out the Top 5, and a big reason the Aggies are in the discussion entering the 2022-23 season is the addition under center. Max Johnson recently transferred from LSU to replace Zach Calzada, who will play for Auburn. As a starter in 2021, Johnson threw for 2,815 yards, 27 touchdowns, and just six interceptions. Behind Johnson in the depth chart is freshman Conner Weigman, who won the National High School Quarterback of the Year from the National Quarterback Club last year.
Understanding college football futures odds
Sportsbooks release college football futures odds pretty much as soon the clock hits zero in the previous season's national championship game. There are many ways to wager on NCAA football futures but picking the outright winner of the national championship is definitely the most popular. During the offseason and preseason, you'll be able to get a plus-money price on basically any team in the nation as there is so much uncertainty around what will happen next year.
NCAA football championship odds will usually look like this:
- Alabama Crimson Tide +125
This means that on a $100 bet, you'll stand to win $125 if the Crimson Tide win the national title. If it's close to the end of the regular season and there is a particularly dominant program, you might see that a team is has a minus sign (-) ahead of its odds.
- Georgia Bulldogs -145
This means that if you bet on Georgia you would need to bet $145 to profit $100 if the Bulldogs won the championship.
Of course, futures odds are a fluid market. They can change every day based on news, injuries, suspensions, transfers, etc. In college football there generally isn't too much movement in the futures market during the offseason, but once the season begins, look for huge changes week-to-week based on wins and losses.
All the odds seen above are in American format. Should you find decimal format or fractional format easier to read, simply convert the odds using our simple odds converter tool.
College Football National Championship Odds FAQs
The Alabama Crimson Tide (+200) have the best odds to win the CFP in 2023. The Georgia Bulldogs, last year's champions, are close behind at +350.
Georgia was favored by 2.5 points over Alabama in the CFP National Championship game, which featured an Over/Under total of 53.
The college football national championship game will be played at SoFi Stadium in Inglewood, CA in 2023.
The 2022-23 College Football Playoff semifinals are set for Dec. 31 2022, with the national championship game being played on Jan. 9, 2023.