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Ohio State Buckeyes running back TreVeyon Henderson runs against Texas. The Buckeyes lead the College Football Playoff odds ahead of their matchup with Notre Dame.
Ohio State Buckeyes running back TreVeyon Henderson runs against Texas. Photo by Kyle Robertson/Columbus Dispatch/USA TODAY NETWORK via Imagn Images.

Just two teams remain in the first-ever 12-team College Football Playoff, as Notre Dame and Ohio State prepare to clash on Monday, Jan. 20, from Mercedes-Benz Stadium in Atlanta at 7:30 p.m. ET.  

While the Fighting Irish may be the higher seed in the College Football Playoff bracket, it's the Buckeyes who are the favorites by the College Football Playoff odds.

Ohio State heads into the game leading the college football championship odds as an 8.5-point favorite to take home the crown as the top team in the country.

College Football Playoff odds 2024-25

  • College football odds list Ohio State as a -350 moneyline favorite against Notre Dame in the championship
  • All four teams with bye weeks (Arizona State, Boise State, Georgia, and Oregon) were eliminated in the quarterfinals
  • The Buckeyes' dominance in the playoff has them as the favorites by the 2025-26 CFP National Championship opening odds

College Football Playoff National Championship odds

Ohio State vs. Notre Dame odds: CFP National Championship

Notre Dame quarterback Riley Leonard throws a pass against Penn State. The Fighting Irish are underdogs to the Buckeyes by the College Football Playoff odds.
Notre Dame quarterback Riley Leonard throws a pass against Penn State. Photo by Sam Navarro via Imagn Images.
  • Championship matchup: No. 8 Ohio State vs. No. 7 Notre Dame
  • Conference matchup: Big Ten vs. Independent
  • When: Monday, Jan. 20
  • Kickoff: 7:30 p.m. ET
  • How to watch: ESPN
  • Location: Mercedes-Benz Stadium (Atlanta)
  • Projected score: Ohio State 26 - Notre Dame 20
  • Ohio State's NFL draft prospect to watch: Tyleik Williams, IDL
  • Notre Dame's NFL draft prospect to watch: Xavier Watts, SAF

College Football Playoff expert picks for CFP National Championship

Final College Football Playoff seeding

Seeding based on final the College Football Playoff rankings, which released on Sunday, Dec. 8.

SeedTeamRecordSelection
1Oregon13-0Big Ten Champion
2Georgia11-2SEC Champion
3Boise State12-1MWC Champion
4Arizona State11-2Big 12 Champion
5Texas11-2At-large
6Penn State11-2At-large
7Notre Dame11-1At-large
8Ohio State10-2At-large
9Tennessee10-2At-large
10Indiana11-1At-large
11SMU11-2At-large
12Clemson10-3ACC Champion

College Football Playoff key dates

RoundDateMatchupLocationHow to watch
First roundFriday, Dec. 20 (8 p.m. ET)No. 10 Indiana vs. No. 7 Notre DameNotre Dame Stadium (Notre Dame, Ind.)ABC/ESPN
First roundSaturday, Dec. 21 (noon ET)No. 11 SMU vs. No. 6 Penn StateBeaver Stadium (University Park, Pa.)TNT/MAX
First roundSaturday, Dec. 21 (4 p.m. ET)No. 12 Clemson vs. No. 5 TexasDKR-Texas Memorial Stadium (Austin, Texas)TNT/Max
First roundSaturday, Dec. 21 (8 p.m. ET)No. 9 Tennessee vs. No. 8 Ohio StateOhio Stadium (Columbus, Ohio)ABC/ESPN
QuarterfinalsTuesday, Dec. 31 (7:30 p.m. ET)No. 6 Penn State vs. No. 3 Boise StateFiesta Bowl (State Farm Stadium in Glendale, Ariz.)ESPN
QuarterfinalsWednesday, Jan. 1 (1 p.m. ET)No. 5 Texas vs. No. 4 Arizona StatePeach Bowl (Mercedes-Benz Stadium in Atlanta)ESPN
QuarterfinalsWednesday, Jan. 1 (5 p.m. ET)No. 8 Ohio State vs. No. 1 OregonRose Bowl Game (Rose Bowl in Pasadena, Calif.)ESPN
QuarterfinalsWednesday, Jan. 1 (8:45 p.m. ET)No. 7 Notre Dame vs. No. 2 GeorgiaSugar Bowl (Caesars Superdome in New Orleans, La.)ESPN
Semifinal 1Thursday, Jan. 9 (7:30 p.m. ET)No. 7 Notre Dame vs. No. 6 Penn StateOrange Bowl (Hard Rock Stadium in Miami Gardens, Fla.)ESPN
Semifinal 2Friday, Jan. 10 (7:30 p.m. ET)No. 8 Ohio State vs. No. 5 TexasCotton Bowl (AT&T Stadium in Arlington, Tex.)ESPN
CFP National ChampionshipMonday, Jan. 20 (7:30 p.m. ET)No. 8 Ohio State vs. No. 7 Notre DameMercedes-Benz Stadium (Atlanta)ESPN

How to bet on the College Football Playoff 

Betting on College Football Playoff odds is pretty straightforward. Check out the odds for different teams; for example, if Alabama is at +300 and Ohio State is at +600, Alabama is favored to make it to the playoffs.

Decide how much you want to wager and place your bet. If you bet $100 on Alabama at +300 and it makes it, you’ll get $400 back ($300 profit + $100 stake).

Keep an eye on the teams' performances throughout the season to see how your bet is shaping up.

Remember, with future markets, odds can see plenty of movement. It's all about performance and perception.

If a team performs better or worse than expected, its odds will change. Injuries to key players can significantly impact a team's chances and, consequently, their odds. New player acquisitions or losses, coaching changes, and team dynamics can also affect odds. Public betting trends matter too; if a lot of people are betting on one team, sportsbooks might adjust the odds to manage their risk.

Expert analysis and predictions can also sway public opinion and betting patterns. Understanding these factors helps you make smarter bets and potentially catch some favorable odds shifts.

How to read College Football Playoff odds

Odds are typically shown in formats like +300 or -150. Positive odds (e.g., +300) show how much profit you'd make on a $100 bet.

For instance, a $100 bet at +300 odds would win you $300, plus your original $100 stake, totaling $400. Negative odds (e.g., -150) indicate how much you need to bet to win $100. So, a $150 bet at -150 odds would win you $100, plus your $150 stake, totaling $250.

These odds reflect the implied probability of a team making the playoffs. Lower odds (e.g., +200) suggest a higher likelihood, while higher odds (e.g., +1000) indicate a lower likelihood. Sportsbooks adjust these odds based on various factors like team performance, injuries, coaching changes, and public betting patterns.

For example, if Alabama has +300 odds and Ohio State has +600 odds, Alabama is considered more likely to make the playoffs. If you bet $100 on Alabama and they make it, you’d get $400 back ($300 profit + $100 stake).

College Football Playoff FAQs

Who is the CFP national championship favorite?

Ohio State is the favorite by the 2025 college football championship odds. The Buckeyes' longest odds (-350) imply a 77.78% probability they'll win it all, according to our odds calculator.

Who were the top four in the College Football Playoff?

The top four seeds, and first-round byes, go to the highest-ranked conference champions. Those byes were earned by Oregon (Big Ten), Georgia (SEC), Boise State (Mountain West), and Arizona State (Big 12).

How many teams make the College Football Playoff?

Previously only four teams were selected for the College Football Playoff, but this season the playoff will expand to 12 teams. The top five ranked conference champions will be automatic qualifiers for the playoff along with seven at-large teams, decided by the College Football Playoff selection committee.

The top four conference champions will receive a first-round bye in the playoff.

Who made the College Football Playoff last year?

Michigan, Washington, Texas, and Alabama were chosen for the College Football Playoff by the selection committee last season.

When did the College Football Playoff start?

The 2025 College Football Playoff started with the first round on Dec. 20 and 21, with games being played at the campus of the higher seed. The quarterfinals were then played across the Fiesta, Peach, Rose, and Sugar Bowl on Dec. 31 and Jan. 1.

The semifinals took place Jan. 9 and 10 at the Orange and Cotton Bowl before the CFP National Championship game on Jan. 20 at Mercedes-Benz Stadium in Atlanta, Ga.

College football odds pages

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