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Longshots Baylor (+1400), Minnesota (+1600), SMU (+2000) Still on the Board in 4-Team Playoff Odds

Jordan Horrobin

by Jordan Horrobin in College Football

Updated Apr 6, 2020 · 7:50 AM PDT

McLane Stadium at Baylor University
McLane Stadium at Baylor University has yet to witness a loss this season, but the Bears remain longshots to make the College Football Playoff. Photo by Djyueng (Wiki Commons) [CC License].
  • Five teams are currently receiving minus odds to reach the four-team playoff
  • Only one non-Power Five school has made the CFP since its inception in 2014
  • Alabama is the only team to make the CFP all five seasons

In two months, the sixth installment of the College Football Playoff begins. The four-team format has its benefits, but there is still controversy every year about which teams make it in and which don’t.

There always seem to be more deserving teams than playoff spots. Case and point: the current College Football Playoff odds feature five teams with minus odds. The CFP futures board was as follows heading into Week 9.

College Football Playoff Odds: Week 9 Update

Team Odds to Make CFP Odds to Miss CFP
Clemson -300 +250
Alabama -230 +190
Ohio State -190 +165
Oklahoma -170 +150
LSU -150 +130
Georgia +290 -350
Penn State +450 -600
Oregon +500 -650
Wisconsin +1000 -1500
Utah +1000 -1500
Florida +1000 -1500
Auburn +1000 -1500
Baylor +1400 -2500
Minnesota +1600 -3300
SMU +2000 -5000
Appalachian State +4000 -15000

Odds taken Oct. 24 

On the flip side, there are four teams with particularly long odds: Baylor (+1400), Minnesota (+1600), SMU (+2000) and Appalachian State (+4000). They’re all undefeated and would pay out handsomely if they actually made the field. But do any of them have a real chance to get in?

Where They Stand Right Now

The first iteration of the CFP rankings (which decides the playoff teams) is still a couple weeks away, so for now the best way to see where teams stand is to review the AP Top 25 poll.

In the AP Poll, Baylor (7-0) ranks highest of the underdogs at No. 14, followed by No. 16 SMU (8-0), No. 17 Minnesota (7-0) and No. 21 Appalachian State (6-0). There is plenty of time for those rankings to improve, but for now, these teams are playing from behind.

Power Five Bias

In five years of the CFP, only one of a possible 20 berths (i.e. five percent) has come from outside the Power Five conferences. That was Notre Dame last season, a team that went 12-0 with four wins over ranked opponents.

This is a major factor for SMU and Appalachian State, neither of which play in a Power Five conference. Their schedules simply are not strong enough — they only play one Power-5 school apiece — so even if they remain unbeaten they won’t be able to sway CFP voters.

The UCF Yardstick

If you don’t believe that claim, consider UCF’s unbeaten squad from 2017. They did everything right, winning every game — including two against Power Five schools — by an average of more than 24 points.

Still, the voters kept them out, forcing them to settle for a Peach Bowl victory over No. 6 Auburn. It was clear evidence that Power Five schools are given the benefit of the doubt by voters, and it’s safe to say some people weren’t too pleased about that.

Who Has A Playoff Path?

That leaves Minnesota and Baylor as the big-time underdogs who have playoff paths. If Minnesota wins out, it will likely face Ohio State or Penn State in the Big Ten championship game — and the winner would almost certainly get in.

The same is true for Baylor, which is on a potential crash course to face either Oklahoma or Texas in the Big 12 championship game if all goes well. Baylor does have to face both of those schools in the regular season first, though.

If they emerge unscathed, Baylor would be a virtual lock to get in.

Of course, it’s one thing to have a playoff path. It’s quite another thing to make it through successfully. There are too many juggernauts standing in the way of Minnesota and Baylor to make a CFP berth realistic.

Their odds — +1400 for Baylor and +1600 for Minnesota — carry implied probabilities of 6.7% and 5.9%, respectively, which is overly optimistic.

A more interesting high-value bet is Oregon (+500), the Pac-12 favorite whose only loss came in a tight game against Auburn. If they finish as a one-loss Pac-12 champion, it’s about a coin-flip that they’ll get in. And that’s a much more likely scenario than Baylor or Minnesota running their gauntlets unbeaten.

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