2022 College Football National Championship Odds: Georgia the Even-Money Favorite, Alabama Still +275

2022 College Football National Championship Odds: Georgia the Even-Money Favorite, Alabama Still +275 article feature image
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2022 CFB National Title Odds

National championship odds via WynnBET, updated October 11. Learn more about reading American odds, or compare Heisman odds at every legal sportsbook.

Team Odds Probability
1. Georgia +100 45.5%
2. Alabama +275 24.2%
3. Ohio State +1000 8.3%
4. Oklahoma +1000 8.3%
5. Michigan +3000 2.9%
6. Cincinnati +4000 2.2%
7. Iowa +4000 2.2%
8. Ole Miss +8000 1.1%
9. Oregon +8000 1.1%
10. Field +8000 1.1%
11. Penn State +10000 0.9%
12. Clemson +20000 0.5%
13. Kentucky +20000 0.5%
14. Michigan State +20000 0.5%
15. Arizona State +30000 0.3%
16. Notre Dame +50000 0.2%
17. Oklahoma State +50000 0.2%
18. NC State +100000 0.1%

College football’s national championship landscape has descended into complete chaos. And each sportsbook has adjusted its titled odds to reflect that.

Clemson has two losses. Alabama went down this weekend. Oklahoma is unbeaten but it sure doesn’t feel like it. Ohio State is rounding into form, and the Buckeyes are joined in the AP top 10 by four other Big Ten teams.

Georgia is the favorite at WynnBET, which lists the Bulldogs at even money. The Dawgs are 6-0, No. 1 in our power ratings by five points (so they’d be a 5-point favorite over Alabama on a neutral field), and should cruise to an SEC East title. Even with a loss in the SEC Championship Game, they’d likely make the College Football Playoff.

1. Georgia (+100)

Current Odds +100
Preseason Odds +800
Record 6-0
Conference Record 4-0
Power Rating Rank 1

The Bulldogs have been on a war path all season, stifling all six of their opponents with an elite defense and run game. They’ve allowed 33 points in six games. Thirty-three.

Georgia is allowing a national-best 3.60 yards per play on defense, and while there might be questions at quarterback because of J.T. Daniels’ injuries, the Dawgs will be a double-digit favorite in every remaining regular season game.

They’re a 23-point favorite against No. 11 Kentucky this week.

2. Alabama (+275)

Current Odds +275
Preseason Odds +300
Record 5-1
Conference Record 2-1
Power Rating Rank 2

Alabama’s college football national championship odds have actually improved since the preseason, despite a loss to Texas A&M last week. The Tide can’t lose again in the regular season, and could potentially still get in with a loss to Georgia in the SEC championship game, given how chaotic this year has been. There’s never been a two-loss team in the College Football Playoff.

3. Ohio State (+1000)

Current Odds +1000
Preseason Odds +700
Record 5-1
Conference Record 3-0
Power Rating Rank 3

Ohio State’s loss to Oregon didn’t actually change things all that much in the national title picture. The Buckeyes will still need to win the Big Ten to get in (though they didn’t in 2016) and have some tough games left on the schedule — Penn State, Michigan, Michigan State. They’ll be favorites in all three, though.

4. Oklahoma (+1000)

Current Odds +1000
Preseason Odds +700
Record 6-0
Conference Record 3-0
Power Rating Rank 4

Oklahoma is somehow still unbeaten, despite nailbiters against Texas, Tulane, Nebraska, West Virginia and Kansas State.

Yes, all five of Oklahoma’s FBS wins have been by less than a touchdown. Preseason Heisman favorite Spencer Rattler was benched against Texas, so maybe we’ll see a turnaround with Caleb Williams under center, assuming he starts moving forward. A national championship is still in the cards given their record, but feels unlikely.

5. Michigan (+3000)

Current Odds +10000
Preseason Odds +3000
Record 6-0
Conference Record 3-0
Power Rating Rank 10

Michigan has been the biggest mover in college football national title odds this fall, going from 100-1 at WynnBET preseason to 30-1 to win the national championship after a 6-0 start.

The Wolverines have been far from perfect with narrow wins over Rutgers and Nebraska. They play at Michigan State (Oct. 30) and Penn State (Nov. 13) and close the season with Ohio State at home.

6. Cincinnati (+4000)

Current Odds +4000
Preseason Odds +2500*
Record 5-0
Conference Record 1-0
Power Rating Rank 6

*Cincinnati was included in the field at 25-1.

The Bearcats will really test the College Football Playoff committee’s resistance to include a Group of 5 team, which they’ve never done.

Cincy is No. 6 in our power ratings with non-conference wins over Notre Dame and Indiana. Their toughest tests remaining are UCF and SMU at home.

7. Iowa (+4000)

Current Odds +4000
Preseason Odds +2500*
Record 6-0
Conference Record 3-0
Power Rating Rank 8

*Iowa was included in the field at 25-1.

The Hawkeyes have used an opportunistic defense and strong field position through excellent special teams to move to 6-0 and soar up the national championship odds board, outlasting Penn State on Saturday after Nittany Lions quarterback Sean Clifford left the game in the second quarter.

Iowa is 3-0 in the Big Ten and in the driver’s seat to win the West, but could be an underdog against Wisconsin at the end of the month. The Hawkeyes have already played their conference crossover games, so they won’t have to face Michigan, Ohio State or Michigan State.

8. Ole Miss (+8000)

Current Odds +8000
Preseason Odds +2500*
Record 4-1
Conference Record 1-1
Power Rating Rank 11th

*Ole Miss was included in the field at 25-1.

The Rebels’ loss to Alabama hurts their conference title and national championship hopes, because they need the Tide to lose twice to have any chance to win the SEC West. Fortunately, Texas A&M and Arkansas already have two conference losses.

Ole Miss’s offense is still humming and can contend with almost any college football team in the country (save for Alabama and Georgia).

9. Oregon (+8000)

Current Odds +8000
Preseason Odds +7500
Record 4-1
Conference Record 1-1
Power Rating Rank 22nd

Oregon became a national championship contender after beating Ohio State, then lost to Stanford and those hopes were pretty much dashed. The Ducks still have to play at Washington, UCLA and Utah.

10. Field (+8000)

Current Odds +8000
Preseason Odds +2500
Record N/A
Conference Record N/A
Power Rating Rank N/A

Most sportsbooks list every team, and don’t list a field option. If you bet this, you would need a team not currently listed to win the national title.

If you do bet this, you’re hoping for a one or zero-loss team like Wake Forest or Pitt to somehow make the CFP. Or an unbeaten Group of 5 school like Coastal Carolina (not happening, sorry Chants).

11. Penn State (+10000)

Current Odds +10000
Preseason Odds +7500
Record 5-1
Conference Record 2-1
Power Rating Rank 5

Penn State is No. 5 in our power ratings but its national title odds are 11th at WynnBET because of a loss to Iowa, and the remaining schedule. Michigan, Michigan State and Ohio State are all left on the docket.

12. Clemson (+20000)

Current Odds +20000
Preseason Odds +450
Record 3-2
Conference Record 2-1
Power Rating Rank 25

Could this be the year a two-loss team reaches the playoff? Wynn is still hanging Clemson on the board at 200-1, despite a 3-2 start filled with offensive ineptitude. The Tigers’ schedule the rest of the way is pretty light, with only one ranked team (Wake Forest).

13. Kentucky (+20000)

Current Odds +20000
Preseason Odds +2500*
Record 6-0
Conference Record 4-0
Power Rating Rank 20

*Kentucky was included in the field at 25-1.

Kentucky is 6-0, and rising rapidly in the AP Poll. But the Cats are a 23-point underdog at Georgia this week, and a loss would effectively eliminate them from the College Football Playoff discussion since it would give UGA a huge leg up to win the SEC East.

14. Michigan State (+20000)

Current Odds +20000
Preseason Odds +2500
Record 6-0
Conference Record 3-0
Power Rating Rank 33

*Michigan State was included in the field at 25-1.

Michigan State has been the biggest surprise of the college football season. The offense has scored 30+ points in all but one game. But the Spartans still rank 33rd in our power ratings, and have a brutal schedule the rest of the way that features three teams in the top 10 of our power ratings.

15. Arizona State (+30000)

Current Odds +30000
Preseason Odds +15000
Record 5-1
Conference Record 3-0
Power Rating Rank 9

Arizona State’s loss to BYU will sting, as the Sun Devils have looked great outside of that. They’ll need to run the table and hope for chaos elsewhere in the country.

16. Notre Dame (+50000)

Current Odds +50000
Preseason Odds +5000
Record 5-1
Conference Record N/A
Power Rating Rank 17

It feels like the Irish have lost multiple games, but find themselves at 5-1 with a lone defeat to Cincinnati.

Notre Dame’s schedule isn’t brutal down the stretch, but isn’t easy either, with games against USC, UNC, Virginia and Stanford.

17. Oklahoma State (+50000)

Current Odds +50000
Preseason Odds +2500
Record 5-0
Conference Record 2-0
Power Rating Rank 38

*Oklahoma State was included in the field at 25-1.

Oklahoma State may be the quietest 5-0 team in the nation. The Cowboys rank 38th in our power ratings, and play at Texas and Iowa State in the next two weeks. They could be off this list soon.

18. NC State (+100000)

Current Odds +100000
Preseason Odds +2500
Record 4-1
Conference Record 1-0
Power Rating Rank 37

*NC State was included in the field at 25-1.

The Wolfpack are 4-1 and hit the board thanks to a win over Clemson.

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