Georgia successfully defended its national title with a crushing 65-7 victory over TCU at SoFi Stadium, becoming the first program to repeat since Alabama in 2011-12.
Offensive MVP Stetson Bennett carried the way with 343 total yards and six total touchdowns (!), while tight end Brock Bowers hauled in seven catches for 152 yards and a score.
That dominance has already leaked into next year's college football odds, with the Bulldogs listed as a +300 favorite to win it all for a third consecutive year.
We break down their chances and more in our full 2024 CFP National Championship odds update below.
Odds to win 2024 CFP National Championship
| Team | Odds to win 2024 National Championship |
|---|---|
 Georgia Bulldogs |
+250 |
 Alabama Crimson Tide |
+450 |
 Ohio State Buckeyes |
+700 |
 Michigan Wolverines |
+1,200 |
 USC Trojans |
+1,600 |
 Clemson Tigers |
+1,600 |
 LSU Tigers |
+1,800 |
 Florida State Seminoles |
+2,000 |
 Notre Dame Fighting Irish |
+2,000 |
 Penn State Nittany Lions |
+2,000 |
 Texas Longhorns |
+3,000 |
 Tennessee Volunteers |
+3,000 |
 Oregon Ducks |
+3,000 |
 Washington Huskies |
+3,000 |
 Utah Utes |
+3,600 |
 Oklahoma Sooners |
+5,000 |
 TCU Horned Frogs |
+6,000 |
Odds courtesy of FanDuel as of January 31, 2023.
Favorites to win the 2024 CFP National Championship
Georgia Bulldogs (+250)
It was always the Bulldogs... Georgia avoided semifinal defeat with an instant classic 42-41 victory over Ohio State in the Peach Bowl and made the most of its National Championship opportunity by crushing TCU 65-7 to become the first repeat champion since Alabama in 2011-12.
Stetson Bennett's exit means there will be shoes to fill at quarterback, but Kirby Smart is sure to produce another suffocating defense chock-full of top NFL talent.
Next season, the Bulldogs will look to accomplish something that hasn't been done in modern college football — win three straight national titles — and they'll have to do so with huge targets on their backs.
Alabama Crimson Tide (+450)
No matter which way you slice it, Alabama's domination of Kansas State in the Sugar Bowl was mostly a mask of what was otherwise a down year.
Close conference losses to LSU and Tennessee kept Nick Saban's crew out of the CFP for the first time since 2019 and with Georgia now in control of the SEC, the onus will be on Bama to fire back in 2023.
Ohio State Buckeyes (+700)
It looked like Ohio State might actually miss the CFP after cruising through its conference schedule in 2022, but after sneaking in, the Buckeyes almost took down the big, bad Bulldogs in the Peach Bowl, losing 42-41 after a missed field goal to end the game.
With C.J. Stroud heading to the NFL Draft, it's expected that Kyle McCord will take over under center. Luckily, he'll have plenty of help as Biletnikoff winner Marvin Harrison Jr. returns to headline one of the deepest wide receiver rooms in the nation.
Looking to do some college football betting? Here are two of the best bonuses* available:
A) New users at FanDuel can bet $5 and get $150 in bonus bets! Sign Up Now
B) New users at DraftKings can bet $5 and get $200 in bonus bets! Sign Up Now
*Eligible USA locations only. Also, check out our full list of best college football betting sites for 2023.
21+. Gambling Problem? Call 1-800-GAMBLER
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 +700
This means that on a $100 bet, you'll stand to win $700 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 trends
- The CFP National Championship has been won by an SEC team in six of the last nine years.
- An SEC team has played in the National Championship game in each of the last seven years.
- The No. 1-ranked team has won just three of the last nine National Championships.
- Only one team outside of the SEC, Big Ten, Big 12, and ACC has made an appearance in the National Championship (Oregon, 2014).
College Football National Championship history
| Season | Team | Record | Rank |
|---|---|---|---|
| 2022 | Georgia | 14-0 | 1 |
| 2021 | Georgia | 14-1 | 3 |
| 2020 | Alabama | 13-0 | 1 |
| 2019 | LSU | 15-0 | 1 |
| 2018 | Clemson | 15-0 | 2 |
| 2017 | Alabama | 13-1 | 4 |
| 2016 | Clemson | 14-1 | 2 |
| 2015 | Alabama | 14-1 | 2 |
| 2014 | Ohio State | 14-1 | 4 |
College Football National Championship Odds FAQs
The Georgia Bulldogs (+250) have the best odds to win the 2024 CFP National Championship.
Georgia was favored by 13.5 points over TCU in the 2023 CFP National Championship game, which featured an Over/Under total of 62 points.
The 2024 CFP National Championship Game will be played at NRG Stadium in Houston, Texas.
The 2023 CFP semifinals are set for December 31, 2023, with the national title game being played on January 8.
