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Ohio State is the +520 favorite to win the 2026 college football national championship, which prices the Buckeyes at about a 16% chance. The title game is on Monday, January 25, 2027, at Allegiant Stadium in Las Vegas.
Texas is second at +620, with Georgia and Notre Dame level at +650. Indiana, the defending champion after a 16-0 season, is sixth at +950.
Dominate the College Gridiron
By Unlocking Powerful
NCAAF Betting Strategies
2027 CFP National Championship: when and where
- Date: Monday, January 25, 2027, 7:30 pm ET
- Venue: Allegiant Stadium, Las Vegas, Nevada, capacity 62,000
- Semifinals: Orange Bowl on January 14 and Sugar Bowl on January 15, 2027
- Quarterfinals: Fiesta Bowl on December 30, 2026, then the Peach, Cotton and Rose Bowls on January 1, 2027
- First round: four games on December 18 and 19, 2026
The date, time and venue are from the College Football Playoff’s own site, read on September 24, 2026. The four first-round games are listed there with times but no teams yet.
College football championship odds
| Team | Odds | Implied chance |
|---|---|---|
| Ohio State Buckeyes | +520 | 16.1% |
| Texas Longhorns | +620 | 13.9% |
| Georgia Bulldogs | +650 | 13.3% |
| Notre Dame Fighting Irish | +650 | 13.3% |
| Miami Hurricanes | +850 | 10.5% |
| Indiana Hoosiers | +950 | 9.5% |
| Ole Miss Rebels | +1500 | 6.2% |
| LSU Tigers | +1600 | 5.9% |
| Oregon Ducks | +2200 | 4.3% |
| Alabama Crimson Tide | +2500 | 3.8% |
| Texas Tech Red Raiders | +3200 | 3.0% |
| USC Trojans | +3300 | 2.9% |
| Florida Gators | +4000 | 2.4% |
| Penn State Nittany Lions | +5500 | 1.8% |
| Tennessee Volunteers | +5500 | 1.8% |
These are the 15 shortest of 106 DraftKings prices in ESPN’s 2026 college football championship market, read on September 24, 2026. The implied chance is 100 divided by the price plus 100.
This is the market for the season now being played. ESPN files it under 2026, and Indiana, last season’s champion, is still priced in it, which a settled market could not do.
What the prices say
The top five add up to 67.2% of implied chance, a little over half of the 127% the whole board adds up to once the book’s margin is counted. Three of the five were in last season’s playoff: Ohio State, Georgia and Miami, the team that reached the title game. Oregon, which lost to Indiana in the semifinals, is ninth at +2200.
Ohio State at +520 has to win the title 16.1% of the time to pay back what it costs. A futures bet on the championship is worth making only when you rate a team’s chance higher than its price does.
Last season: Indiana 27, Miami 21
Indiana beat Miami 27-21 at Hard Rock Stadium in Miami Gardens on January 19, 2026, and finished 16-0. It was the program’s first national title, as the College Football Playoff records it.
The Hoosiers led 10-0 at halftime and 17-7 after three quarters. Their second touchdown came on special teams, when Isaiah Jones returned a blocked punt for a score in the third quarter.
Miami scored twice in the fourth to get within three, the second on a 22-yard pass from Carson Beck to Malachi Toney. Fernando Mendoza’s 12-yard touchdown run in between, and Nico Radicic’s 35-yard field goal with 1:42 left, kept Indiana ahead.
| Indiana | Miami | |
|---|---|---|
| Points | 27 | 21 |
| Total yards | 317 | 342 |
| Rushing yards | 131 | 110 |
| Net passing yards | 186 | 232 |
| Turnovers | 0 | 1 |
Miami outgained Indiana and lost. Mark Fletcher Jr. ran for 112 yards and two touchdowns, and Toney caught 10 passes for 122, but Beck threw the game’s only interception.
DraftKings had Indiana at -7.5 with a total of 47.5, as ESPN lists the line. Indiana won by six, so Miami covered, and 48 points went over by half a point.
How the 2025-26 playoff went
Indiana won three playoff games: 38-3 over Alabama in the Rose Bowl quarterfinal, 56-22 over Oregon in the Peach Bowl semifinal, and then the title game. Miami played four. It won 10-3 at Texas A&M in the first round, beat Ohio State 24-14 in the Cotton Bowl and edged Ole Miss 31-27 in the Fiesta Bowl.
Ohio State is this season’s favorite after losing that Cotton Bowl quarterfinal. Texas Tech, shut out 23-0 by Oregon in the Orange Bowl, is 11th on this year’s board at +3200.
CFP national champions
| Title game | Champion |
|---|---|
| 2026 | Indiana |
| 2025 | Ohio State |
| 2024 | Michigan |
| 2023 | Georgia |
| 2022 | Georgia |
| 2021 | Alabama |
| 2020 | LSU |
| 2019 | Clemson |
| 2018 | Alabama |
| 2017 | Clemson |
| 2016 | Alabama |
| 2015 | Ohio State |
Twelve title games, seven different champions. Alabama has three, and Ohio State, Georgia and Clemson two each; Alabama is tenth on this year’s board at +2500.
More college football
Our College Football Playoff odds cover who makes the bracket, and the national championship betting guide explains this market. The Heisman Trophy odds follow the players.
Week-by-week calls are on our college football predictions hub, every program is on the college football teams page, and our college football blog carries the rest. For paid picks from other handicappers, see our best handicappers page.
