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The Michigan Wolverines band on the field prior to the 2024 CFP National Championship game as we look at the best odds.
The Michigan Wolverines band on the field prior to the 2024 CFP National Championship game against the Washington Huskies at NRG Stadium on January 08, 2024 in Houston, Texas. Photo by Carmen Mandato/Getty Images via AFP.

The 2025 College Football Championship odds are now set across our best sports betting apps following Michigan's win in the 2024 championship game, but the big news is the departure of Michigan head coach Jim Harbaugh.

The Michigan Wolverines won the 2024 College Football Championship, but oddsmakers aren't too keen on them repeating. Their odds have slightly lengthened following the news surrounding their head coach Jim Harbaugh.

After much speculation, Wednesday evening saw Harbaugh accept the head coaching role with the NFL's Los Angeles Chargers. The move was expected, as he looks to become one of the few coaches to win both a College Football Championship and a Super Bowl trophy. 

With Michigan and Alabama now heading into the 2024-25 season with new head coaches, Georgia remains the consensus betting favorite.

Below, we look at the 2025 College Football Championship odds in search of early values (college football odds via our best sports betting sites).

College Football Championship odds 2025

Odds updated on Feb. 12

TeamDraftKingsFanDuelBetMGMCaesarsbet365
Georgia+330 +300 ❄️+350+350+325
Ohio State+500 +500+500 +400 ❄️+500
Texas+750+700 ❄️+750 +800+750
Alabama+1100+1100 +800 ❄️+1100 +1000
LSU+1200+1300 +1600 🔥 +1300+1200
Oregon+1200+1200+1000 ❄️+1000+1200
Michigan+1400+1400+1100 ❄️+1600 🔥 +1200
Ole Miss+1500 +1500+1100 ❄️+1400+1400
Florida State+2000+2000+2000+2000+1800 ❄️
Clemson+2200 +3000 🔥+2000 ❄️+2800+2500
Penn State+2500 +2500 +2500 +2500+2200 ❄️
Notre Dame+2800 🔥+2500+2500+2200 ❄️+2500

Favorite for College Football Championship 2025

Georgia (+350 via BetMGM)

Despite missing the College Football Playoff, Georgia was likely the best team in college football this year. The Bulldogs ended the season as my No. 1 power-rated team, anyway, and I'm not alone. They are ranked No. 1 in the final SP+ rankings.

That's not to say Georgia deserved to be in the CFP, of course. The Bulldogs squandered that opportunity when they lost to Alabama in the SEC title game. But with a 12-team playoff next year, Georgia (and many other SEC squads) will have more margin for error to make the dance.

Quarterback Carson Beck, a Heisman odds favorite, is slated to return and lead another talented Georgia team next fall. And now the Bulldogs might even be a little bit hungry. That's scary for the rest of college football, especially with Saban out of the picture.

College Football Championship odds 2025: Contender

Oregon (+1200 via DraftKings, FanDuel)

Oregon head coach Dan Lanning, who had previously been the defensive coordinator with Georgia, appeared to be the early favorite to replace Saban. With rumors circling right away, Lanning made an incredible social media post about how he was staying with the Ducks.

That's great news for our early college football championship picks and predictions, where we recommended taking the 12/1 listing on Oregon to win the title. This team finished the year ranked No. 3 in SP+, and was a double-digit favorite over Washington in the Pac-12 championship game.

With DeBoer off to the SEC, the Ducks are now the clear top Big Ten newcomer. They are building their program the right way, with an emphasis on having the edge in the trenches. Between transfer quarterbacks Dillon Gabriel (Oklahoma) and Dante Moore (UCLA), Oregon has enough talent to replace QB Bo Nix in 2024.

College Football Championship odds 2025: Long shot

Penn State (+2500 via FanDuel)

There was a lot of buzz about the Penn State Nittany Lions entering the 2023-24 season, and they still ended up finishing in their usual place at third in the Big Ten behind both Michigan and Ohio State. But we like the idea of buying Penn State this year as a potential post-hype sleeper, even if the conference is going to be more competitive.

Quarterback Drew Allar's first collegiate season didn't quite go as planned, but he still has plenty of NFL traits and a loaded running back room to lean on. Offensive coordinator Andy Kotelnicki, who was hired from Kansas this offseason, can bring the best out of this Penn State run game and lead a creative offense that should challenge the conference powerhouses.

College Football Championship odds 2025: Fade

Michigan (+1600 via Caesars)

This is the same opening price that Michigan had for the 2023-24 season, but there are way more questions about this team after its championship season. Head coach Jim Harbaugh has left for the NFL, while QB J.J. McCarthy and running back Blake Corum have both declared for the 2024 NFL Draft.

In addition, Michigan's schedule figures to be more challenging next year with USC, Washington, and Oregon all on deck in the new-look Big Ten. The Wolverines also face Texas in Week 2, a program coming off a CFP berth. That's all before we get into the fact Michigan has to travel to Columbus to face Ohio State in the finale. 

Recent College Football Championship winners

YearTeamClosing odds
2024Michigan+800
2023Georgia+350
2022Georgia+600
2021Alabama+300
2020LSU+2500
2019Clemson+400
2018Alabama+250
2017Clemson+700
2016Alabama+700
2015Ohio State+4000
2014Florida State+1600

College Football Championship betting analysis

Michigan didn't see a huge swing in odds following the departure of Harbaugh, but the Ohio State Buckeyes actually saw the biggest benefit in odds movement due to the news. It makes sense, considering the meeting between these schools annually almost guarantees a playoff spot. 

Ohio State moved from about +800 to +500 with most books, while Michigan only fell a few numbers back from +1200 to about +1400. Penn State didn't see any odds movements but one would think they benefit the most outside of Ohio State from the Harbaugh news. 

College Football Championship FAQs

Who is the CFP National Championship favorite?

Georgia is the favorite for the 2025 college football championship.

Who won the CFP National Championship last year?

The Michigan Wolverines won their first title since 1997 by defeating the Washington Huskies in the 2024 national championship.

When will the CFP National Championship be decided?

The 2025 CFP National Championship will be decided on Monday, Jan. 20.

Where will the CFP National Championship take place?

The 2025 college football championship will be played at Mercedes-Benz Stadium in Atlanta, GA. 

College football odds pages

Here are our best college football betting sites:

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