College Football Playoff Odds: 12 Teams Will Cash Tickets In 2024

Penn State quarterback Drew Allar (15) runs against Mississippi during the first half of the Peach Bowl NCAA college football game, Saturday, Dec. 30, 2023, in Atlanta.
(AP Photo/Brynn Anderson)

I love betting college football futures every year.

The obvious markets that experienced NCAA handicappers flock to are the college football national championship odds and the expansive college football win totals, which offer over/unders for every team in FBS.

But in recent years, the College Football Playoff odds market has become arguably the most interesting market of all.

Thatโ€™s especially true in 2024, where college football playoff expansion guarantees that 12 teams will cash futures tickets in this market.ย 

College Football Playoff Odds 2024

TeamCFP OddsLast CFP or BCS Title Appearance
Ohio State-7502022
Georgia-6002022
Oregon-3502014
Texas-2252023
Notre Dame-1752020
Penn State-150N/A
Ole Miss-130N/A
Alabama-1052023
LSU+1252019
Michigan+1402023
Florida State+1502014
Missouri +180N/A
Tennessee+1801998
Clemson+1902020
Utah+200N/A
Miami (FL)+2002003
Texas A&M+240N/A
Kansas State+275N/A
Liberty+375N/A
Boise State+400N/A
USC+4502005
NC State+500N/A
Oklahoma+5002019
Louisville+525N/A
Memphis+600N/A
Iowa+600N/A
Kansas+700N/A
Arizona +700N/A
Oklahoma State+700N/A
Auburn+7502013
Virginia Tech+800N/A
Nebraska+9002001
UCF+900N/A
Iowa State+900N/A
Texas Tech+1000N/A
Tulane+1100N/A
SMU+1100N/A
Wisconsin+1200N/A
UTSA+1200N/A
Texas State+1200N/A
App State+1300N/A
Kentucky+1400N/A
TCU+15002022
West Virginia+1500N/A
Washington+16002023
Colorado+1800N/A
South Florida+1800N/A
Florida+20002008
Maryland+2000N/A
Oregon State+2000N/A
South Carolina+2000N/A
Fresno State+2000N/A
Miami (OH)+2200N/A
Louisiana+2500N/A
Toledo+2500N/A
James Madison+2500N/A
Troy+2800N/A
UNLV+2800N/A
South Alabama+3000N/A
Arkansas+3000N/A
Rutgers+3000N/A
Troy+3500N/A
UNLV+4000N/A
Washington State+4000N/A
Cincinnati+40002021
North Carolina+4000N/A
UCLA+4000N/A
Mississippi State+4000N/A
Syracuse+4000N/A
Illinois+4000N/A
Arkansas+5000N/A
Baylor+5000N/A
Western Kentucky+5000N/A
Jacksonville State+6000N/A
Air Force+6000N/A
Georgia Tech+6600N/A
Minnesota+8000N/A
Cal+8000N/A
Houston+8000N/A
Michigan State+100002015
Wyoming+10000N/A
Marshall+10000N/A
Arizona State+10000N/A
Pittsburgh+10000N/A
BYU+10000N/A
Virginia+10000N/A
Northwestern+10000N/A
Purdue+12500N/A
Vanderbilt+12500N/A
Indiana+15000N/A
Wake Forest+15000N/A
Stanford+20000N/A
Duke+20000N/A
Army+20000N/A

College Football Playoff Predictions

  • Ohio State โ€“ The Buckeyes are loaded with one of the best, deepest rosters in college football. It would take an epic collapse to keep them from a 12-team playoff field.
  • Georgia โ€“ The Bulldogs will play a challenging SEC schedule, and 13-0 doesnโ€™t seem likely. But quarterback Carson Beck and the roster talent are just too good for the Bulldogs to be completely left out of the postseason.
  • Oregon โ€“ The Ducks have plenty of new Big Ten foes to prepare for, but theyโ€™ll likely be the more talented team in at least 11 of their 12 regular-season games. The home game against Ohio State on Oct. 12 could very well give Oregon a path to a first-round playoff bye.ย 
  • Texas โ€“ The Longhorns are the only CFP team from 2023 that retains their head coach and quarterback in 2024. Even against a tougher SEC schedule, Texas should remain postseason-bound.
  • Notre Dame โ€“ Nine returning defensive starters, another ACC quarterback transfer, and a relatively soft schedule? Notre Dame will coast off its brand power and lofty record, even if it drops high-profile games against Texas A&M, Florida State, or USC.ย 
  • Penn State โ€“ The Nittany Lions rarely crack the top four, but they rarely drop below the top 12. This new playoff model was essentially made for their benefit.
  • Miami (FL) โ€“ Mario Cristobal has improved the overall quality of the roster and used the transfer portal to his advantage. Now that transfer quarterback Cam Ward is wearing a Hurricanes jersey, Miami has all the pieces it needs for its long-awaited return to the postseason.
  • Utah โ€“ Kyle Whittingham and the Utes consistently compete for championships because of smart quarterback play and great talent at the line of scrimmage. That formula should translate nicely in a new conference, assuming they can survive the top-to-bottom depth of the underrated Big 12.ย 
  • Missouri โ€“ Quarterback Brady Cook and the Tigersโ€™ potent offense returns this season with a less dominant defensive line. That might not be a dealbreaker against an SEC schedule that dodges Texas, Georgia, Ole Miss, LSU, and Tennessee.
  • West Virginia โ€“ Hereโ€™s a total dark-horse pick thatโ€™s currently priced at +1500. West Virginia has clear deficiencies, such as lack of elite talent on its defensive line. Still, the Mountaineers have a great run game, complemented by a dynamic quarterback in Garrett Greene. They dodge Utah, play Kansas State in Morgantown, and could open the season with a massive, attention-stealing win against Penn State.ย 
  • SMU โ€“ Iโ€™m skeptical that the Mustangs are one of the 12 best teams in FBS this season, but their schedule sets up wonderfully for a run to the ACC title game.ย 
  • Memphis โ€“ I like Memphis to grab the automatic G5 playoff bid. The Tigers have an early trip to Florida State and a very manageable AAC schedule to play after that. Even if the Florida State game is a competitive loss, a 12-1 Memphis could still easily be the highest-ranked G5 team when the calendar flips to December.

How To Bet on College Football Futures

College football betting doesn’t stop when the games end in January. You can bet on futures throughout the offseason!

As teams are holding spring practice, adding players from the transfer portal, and releasing depth charts, you can view updated online sports betting odds for a variety of markets, including national championship odds, win totals, and conference champion odds.

If you don’t have an account, register today with BetMGM’s welcome offer. Once you have an account, check for daily sports betting promos.

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About the Author

Nick Hennion

Read More @nickhennion

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.