College Football National Championship Odds 2026-27: Every Contender Ranked
Three weeks into the season, the college football national championship odds look like a six-team race with a long line of hopefuls behind it. Ohio State is still the sportsbook favorite despite losing to Texas, the Longhorns hold the No. 1 ranking, and a few September results have already reshaped the board. Here is every contender's price, what the market thinks it means, and the road to the title game in Las Vegas.
National championship odds by implied chance
Show the full FanDuel board (17 teams)
| # | Team | Odds | Implied |
|---|---|---|---|
| 1 | Ohio State | +500 | 16.7% |
| 2 | Texas | +550 | 15.4% |
| 3 | Georgia | +600 | 14.3% |
| 4 | Notre Dame | +700 | 12.5% |
| 5 | Miami (FL) | +800 | 11.1% |
| 6 | Indiana | +850 | 10.5% |
| 7 | LSU | +1500 | 6.2% |
| 8 | Ole Miss | +1900 | 5.0% |
| 9 | Oregon | +2500 | 3.8% |
| 10 | Alabama | +2700 | 3.6% |
| 11 | Texas Tech | +3300 | 2.9% |
| 12 | Florida | +3300 | 2.9% |
| 13 | USC | +3300 | 2.9% |
| 14 | Tennessee | +3500 | 2.8% |
| 15 | Texas A&M | +5500 | 1.8% |
| 16 | Oklahoma | +6000 | 1.6% |
| 17 | Penn State | +6000 | 1.6% |
Sportsbook vs. prediction market
Sportsbooks and prediction markets do not always agree, and that gap is useful. FanDuel still prices Ohio State first; Kalshi traders have Texas on top after the Longhorns beat the Buckeyes head to head. Here are the top 10 side by side:
| Team | FanDuel | Implied | Kalshi |
|---|---|---|---|
| Ohio State | +500 | 16.7% | 11% |
| Texas | +550 | 15.4% | 14% |
| Georgia | +600 | 14.3% | 12% |
| Notre Dame | +700 | 12.5% | 11% |
| Miami (FL) | +800 | 11.1% | 10% |
| Indiana | +850 | 10.5% | 10% |
| LSU | +1500 | 6.2% | 4% |
| Ole Miss | +1900 | 5.0% | 6% |
| Oregon | +2500 | 3.8% | 4% |
| Alabama | +2700 | 3.6% | 3% |
The results that moved the board
Texas beats Ohio State
The biggest swing of the young season came in Week 2, when Texas rallied from a 23-3 fourth-quarter deficit to beat then-No. 1 Ohio State 24-23. Texas followed with a 30-6 win over UTSA and took over the top ranking. Our Texas-Tennessee preview covers the Longhorns' first true road test.
Ole Miss knocks off LSU
Ole Miss jumped out 17-0 and beat LSU 32-24 in Lane Kiffin's first game back in Oxford, climbing to +1900 at FanDuel and 6% on Kalshi. LSU dropped to +1500 but remains one of the SEC's higher-priced contenders.
Oregon and Texas A&M stumble
Oregon lost to Oklahoma State as a sizable favorite, and its Kalshi price fell from 10% to 4%. No. 9 Texas A&M lost at home to Kentucky and slid to +5500 at FanDuel, a long way back in a 12-team field.
Alabama survives a shootout
Alabama rallied past Florida State 50-36 behind quarterback Keelon Russell, who threw for 320 yards and three touchdowns and ran for 56 yards and another score. The Tide sit at +2700.
The road to the national championship
The 2026-27 College Football Playoff uses a 12-team field built from conference champions and the selection committee's final rankings. First-round games are on campus, then the bracket moves to the bowls:
How national championship futures work
A title bet is a futures wager that will not settle until late January. A team at +500 pays $500 on a $100 bet if it wins the whole thing, but it has to survive the rest of the regular season, a conference race, selection and up to four playoff games. That is why even the favorite sits below a 20% implied chance.
Futures boards carry a larger built-in margin than single games, so comparing prices across books matters. See how the vig works for the math.
National title odds questions
Who is favored to win the college football national championship?
When and where is the 2027 national championship game?
How many teams make the College Football Playoff?
Why is Ohio State favored if Texas beat them?
Do national championship odds change every week?
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