As the new college football season inches closer, we have updated College Football Championship odds to break down. Michigan is sitting very comfortably amongst the betting favorites while surprising contenders have made their way onto BetMGM’s slate for next season.
So let’s take a look at who could make a play for winning it all and if there will be any notable challengers.
College Football Championship Odds
Here are the current College Football National Championship odds according to BetMGM Sportsbook on May 8, 2023:
| Team | Odds |
|---|---|
| Georgia | +225 |
| Alabama | +500 |
| Ohio State | +600 |
| Michigan | +1000 |
| USC | +1400 |
| Clemson | +1800 |
| LSU | +1800 |
| Florida State | +2000 |
| Texas | +2500 |
| Penn State | +2500 |
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Most Popular Bet: Michigan Wolverines
BetMGM reports that Michigan has accounted for 14% of betting tickets to win the 2023 National Championship. That’s the most of any team. The Wolverines were just one touchdown away from the National Championship in last year’s loss to TCU in the Fiesta Bowl. This year, they look to close that gap as they are set to bring in another strong recruiting class along with some talented transfers to get the job done.
As James T. Yoder, Host of Michigan Football Report, points out on Twitter — Michigan could be favored in every regular season game, even at Penn State and vs. rival Ohio State.
NEW point spreads for 2023 Michigan football games just released:
at Nebraska: Michigan -18
at Michigan St: Michigan -17
at Penn State: Michigan -2.5
vs. Ohio St: Michigan -3 pic.twitter.com/OfbqvoLxfH
— James T. Yoder (@JamesYoder) May 4, 2023
Alabama is next with 10.1% of tickets, and Ohio State is third with 10.1% of tickets. Both teams are obvious contenders for a championship run next season. The Crimson Tide are definitely a team to look out for as they locked up the number one recruiting class on National Signing Day with record-breaking nine five-star prospects.
Most Surprising Bet: Colorado Buffaloes
Everyone loves a longshot bet, and it appears that the Colorado Buffaloes are the favorite sleeper among the betting public. According to BetMGM, Colorado has accounted for 8.1% of betting tickets to win the 2023 National Championship. That’s the sixth most on this list.
8.1% of bets (6th most) are on @CUBuffsFootball +25000 to win College Football Playoff.
Colorado is the biggest liability at @BetMGM. pic.twitter.com/yzZcEPsQ8w
— John Ewing (@johnewing) May 8, 2023
Colorado has +25000 odds to win it all, but a percentage of bettors are buying into (literally) the hype train of new head coach Deion Sanders. The Pro Football Hall of Famer looks to bring the 1-11 Buffaloes squad back to life and bettors believe he can do just that. Sanders is fresh off guiding Jackson State to consecutive Southwestern Athletic Conference titles so he is no stranger to the task.
