2024 College Football Playoff odds: Oregon now national championship favorite

The latestCollege Football Playoff rankings were released Tuesday night, with undefeated Oregon remaining at No. 1 followed by Texas, Penn State, Notre Dame and Georgia. Ohio State fell four spots to No. 6 following the stunning home loss to rival Michigan, while Alabama ended up at No. 11.

Oregon (+350) is the new betting favorite to win the national championship, replacing Ohio State, which is now tied with Texas for the second-best odds (+425). They are followed by Georgia (+500), Notre Dame (+750), Penn State (+1100) and Alabama (+1400).

Here are the posted odds for selected CFP top 25 teams to win their conference championship and capture the national championship.

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