2022 College Football National Championship Odds: Georgia Still Favored After Loss to Alabama

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2022 CFB National Title Odds

National championship odds via FanDuel, updated December 5. Learn more about reading American odds, or compare futures odds at every legal sportsbook.

Team Odds Probability
Georgia Bulldogs +120 42.91%
Alabama Crimson Tide +140 39.34%
Michigan Wolverines +800 10.49%
Cincinnati Bearcats +1200 7.26%

Well, the best teams in the country sure made the College Football Playoff committee’s life easy on Saturday.

There was limited chaos in conference title games that mattered for the CFP landscape, as Michigan and Cincinnati took care of business, and Alabama rolled over Georgia to win the SEC and secure its spot. We knew Georgia could still get in with a loss, so that made things simple, as well.

The last complicating factor could have been a one-loss, Big 12 champion Oklahoma State up against an unbeaten, ACC champ Cincinnati. But Baylor held off the Cowboys at the goal line in the final seconds.

Below we compare all four contenders left in the College Football Playoff landscape, including their spot in the Action Network betting power ratings.

1. Georgia (+120)

Current Odds +120
Preseason Odds +800
Record 12-1
Conference Record 8-0
Power Rating Rank 1

Georgia finished with a perfect regular-season record, and didn’t allow more than 17 points in a game all season.

But when you look back, it’s fair to ask who of consequence the Bulldogs beat.

That’s because Alabama rolled over Georgia in the SEC Championship Game, 41-24. The Dawgs led 10-0 but the defense couldn’t handle the Tide’s big-play ability in the passing game.

Quarterback Stetson Bennett had a few inopportune turnovers but threw for over 300 yards. Georgia will have a month to regroup and figure it out. Kirby Smart seemed to indicate they’ll stick with Bennett and not turn to J.T. Daniels for the College Football Playoff, but we’ll find out.

2. Alabama (+140)

Current Odds +140
Preseason Odds +300
Record 12-1
Conference Record 8-1
Power Rating Rank 2

Alabama made everyone forget their blemishes from early and late in the regular season with a blowout win over Georgia. It was a typical modern Alabama performance — opportunistic on defense, and dangerous through the air on offense.

Young threw for 421 yards and three touchdowns, including a few 50+ yard passes to Jameson Williams. The Tide were firing on all cylinders in the passing game.

The SEC title game presented a perfect showcase for Young, the Heisman favorite.

3. Michigan (+800)

Current Odds +800
Preseason Odds +10000
Record 12-1
Conference Record 8-1
Power Rating Rank 4

What a year it’s been for Jim Harbaugh, who finally beat Ohio State to get Michigan back on the board in the rivalry.

The Wolverines followed it up with a dominant performance over Iowa in the Big Ten Championship Game, their first appearance and win in that game in Indy in program history.

Michigan will be about a 9-point underdog to Georgia in the College Football Playoff, and still +800 to win the national title.

4. Cincinnati (+1200)

Current Odds +1200
Preseason Odds +4000
Record 13-0
Conference Record 8-0
Power Rating Rank 9

Barring something unusual, Cincinnati will become the first Group of 5 school to reach the College Football Playoff.

The Bearcats are still undefeated, but failed to put the foot on the gas pedal down the back half of the season against inferior competition.

But in the final few weeks, Cincy handled SMU, ECU and Houston with ease. The CFP committee put them in the top four leading into conference championship week, and there was little reason to bump them out after beating Houston.

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