Let's look ahead to the 2027 CFP: No. 2 Georgia new favorite after first rankings

Doug GreenbergNov 4, 2026, 11:30 AM ET
- Doug Greenberg covers sport betting for ESPN. He previously covered sports betting, sports business and fantasy sports at Front Office Sports, VSiN and RotoWire. He lives in Chicago after growing up in Boston.
The first College Football Playoff rankings are out, and there's a large discrepancy between what the committee decided and how bookmakers feel about the national title contenders. No. 2 Georgia comes in as the favorite at +350 and No. 1 Miami is third at +620, but the first big difference is Notre Dame having the second-best national championship odds at +550 in spite of being ranked at No. 11.
No. 14 LSU Tigers comes in at +810 ahead of its rivalry meeting at Death Valley with Alabama, who also received a controversial No. 5 ranking and is eighth on the odds board at 11-1. Reigning champion No. 4 Indiana and No. 12 Ohio State round out the top five favorites at 10-1; the Buckeyes came into the season as co-favorites for the title at +600 and lengthened to their current level after suffering its second loss to USC in Week 9.
No. 7 Texas also came into the season as a potential title contender with +750 odds but has dropped to +1050 after two losses. However, undoubtedly the biggest negative surprise of the season has been No. 23 Oregon, whose season is hanging on by a thread after three losses. The Ducks began the season with +800 national championship odds and are out to a long-shot 350-1.
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