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Odds for the CFP championship: Who is favored to win the title?

The reveal of the first 12-team College Football Playoff bracket is almost here, but there’s so much still to be determined heading into conference championship weekend for the 2024 season.

Ohio State’s loss to Michigan and Miami’s setback at Syracuse during Week 14 action have thrown the CFP rankings into further flux and it has changed the College Football Playoff odds once more. There’s a new favorite to win it all (Oregon) and a slew of contenders the oddsmakers believe have nearly as good of a shot as the Ducks at emerging with a national championship.

The campaigning for a spot is already underway, with Clemson’s Dabo Swinney, South Carolina’s Shane Beamer and Ole Miss coach Lane Kiffin among those stumping for their respective team and league. But given the uncertainty about who will claim the automatic berths by winning their conference championship game, as well as what teams will grab the final at-large berths in the field, how Vegas feels about the situation might be the best indication of where things stand until the CFP selection committee weighs in again with its final set of rankings before Selection Sunday.

Let’s take a look at the current BetMGM odds for every team that could make the first 12-team college football playoff ahead of Tuesday’s latest rankings release.

CFP championship odds

As of Dec. 2, here are the latest College Football Playoff title odds from BetMGM:

Oregon (+350)
Georgia (+450)
Ohio State (+450)
Texas (+450)
Notre Dame (+900)
Penn State (+1000)
Tennessee (+1800)
Alabama (+2200)
SMU (+3000)
Clemson (+5000)
South Carolina (+5000)
Indiana (+5000)
Arizona State (+8000)
Boise State (+10,000)
Iowa State (+15,000)
Miami (+25,000)
BYU (+25,000)
UNLV (+25,000)
Ole Miss (+50,000)

When are College Football Playoff rankings released?

The fifth edition of the College Football Playoff rankings – and the final set of rankings before the first 12-team CFP bracket is revealed – will be revealed on Tuesday, Dec. 3.

How to watch CFP rankings reveal 

The College Football Playoff rankings show will air on ESPN, with the broadcast starting at 7 p.m. ET on Tuesday, Dec. 3. Fans can also stream the rankings show on Fubo, which is offering a free trial.

Date: Tuesday, Dec. 3
Time: 7-7:30 p.m. ET
TV: ESPN
Stream: Fubo

Watch CFP rankings show with Fubo

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