2026 College Football Championship Odds

• Look back to the 2026 CFP National Championship odds during the 2025-26 college football season
• Indiana won their first national title, defeating Miami 27-21 in one of the greatest underdog stories in CFP history
• Looking for the current CFP National Championship odds?

This page tracked the 2026 CFP National Championship odds for all major contenders throughout the 2025-26 college football season. Indiana captured their first national title, defeating Miami 27-21 at Hard Rock Stadium in Miami Gardens, Florida on January 19, 2026.

The Hoosiers’ championship run represents one of the most improbable stories in college football history. Indiana opened the season at +10000 (100-1) odds and finished 16-0, the first perfect season in college football since Yale in 1897. The graphs below show how the odds moved throughout the season.

2026 National Championship Favorites

2026 CFP Championship Line Movement

Here are the key moments in the 2026 CFP National Championship odds:

• [January 19] Indiana defeated Miami 27-21 to win the national championship, covering as a 7.5-point favorite. The Hoosiers finished their perfect 16-0 season as the ultimate underdog story.
• [January 10] Indiana’s odds shortened from +800 to +320 after demolishing Alabama 38-3 in the Rose Bowl semifinals. Miami jumped from +1200 to +450 following their upset of Ohio State.
• [December 31] Miami pulled off the biggest upset in CFP history, knocking off Ohio State in the Cotton Bowl quarterfinals. The Hurricanes’ odds skyrocketed from +5000 to +1200. Indiana advanced past Alabama to reach the semifinals.
• [December 20] Indiana entered the CFP as the No. 1 seed with +800 odds. Ohio State sat at +260 as the favorite. Miami opened at +5000 as a massive underdog after sneaking into the playoff as an at-large bid.
• [October 20] Ohio State shortened from +330 to +260 after dominating Wisconsin 34-0. Indiana jumped from +925 to +800 following their statement win at Oregon. Alabama moved from +700 to +650 after beating Tennessee.
• [October 19] Miami lengthened from +1850 to +1650 after Louisville upset them 24-21 on Friday night. Carson Beck threw four interceptions in his worst performance as a Hurricane.
• [October 15] Ohio State tightened from +428 to +330. Indiana shortened from +3000 to +925 after back-to-back quality wins. Notre Dame moved from +2100 to +1500.
• [September 29] Ole Miss saw the biggest jump after their 24-19 win over LSU. The Rebels’ odds shortened from +3500 to +1900.
• [September 2] Week 1 created massive movement. Ohio State took over as the sole favorite at +550 after their 14-7 victory over Texas. The Buckeyes’ defense completely shut down Arch Manning in his debut. Texas fell from +500 to +733.
• [September 2] LSU made the biggest jump of any contender, improving from +1533 to +1000 after their 17-10 road victory over Clemson. Miami surged from +3333 to +2500 after their comeback win over Notre Dame.
• [September 2] Alabama’s odds lengthened from +1000 to +1467 after their shocking 31-17 loss to Florida State. Despite falling to No. 21 in the AP Poll, sportsbooks still gave them the sixth-best title odds.
• [August 15] Texas (+500) and Ohio State (+525) entered the 2025-26 season as co-favorites. Georgia (+717) and Penn State (+700) rounded out the top four. Indiana opened at +10000, making them a 100-1 longshot.
• [January 21] Following Ohio State’s 34-23 championship victory over Notre Dame in the 2024-25 season, the Buckeyes opened as a +450 favorite for 2025-26. Texas checked in at +500 with Arch Manning taking over at quarterback.

2026 CFP Championship Public Betting Splits

Preseason public betting data from ESPN BET showed where the money was flowing before Week 1:

Texas led in preseason betting action with 20.4% of total bets. Penn State and Ohio State drew similar betting interest, while LSU attracted sharp money with a higher percentage of handle than total bets. Indiana received minimal preseason action at 100-1 odds.

One notable preseason wager: a bettor placed a $15 four-leg parlay at +36627 odds on Indiana going undefeated in the regular season, winning the Big Ten championship, making the CFP, and winning the national title. The bet paid $5,509.11.