College Football Playoff Odds: Where Top Four Teams Stand After Latest Rankings

College Football Playoff
Updated College Football Playoff championship odds following latest rankings Streeter Lecka/Getty

The first week of December marks the end of the college football regular season and the beginning of conference championship games. It also provides new rankings for the College Football Playoff (CFP) and Associated Press poll, leading to new betting odds for each team to win the CFP championship on January 13.

Ohio State, LSU, and Clemson, the three remaining undefeated teams, have kept the same CFP rankings as last week, with the Buckeyes as the No. 1 team followed by LSU in second and Clemson in third. The 11-1 Georgia Bulldogs are in the fourth and final spot.

The only difference in rankings in the AP poll compared to the CFP is a swap for the first and second spots with LSU as No. 1 and Ohio State as No. 2.

Below are the updated betting odds for each team's chances to win the CFP national championship.

Ohio State Buckeyes

The Buckeyes' dominance has not only led them to a top CFP ranking, but also has given them more likely betting odds to win the national championship. The Buckeyes are coming off wins against two ranked teams in Penn State and Michigan, which has helped their case as a betting favorite. Ohio State also saw the biggest change in odds out of the four teams considering they were tied with Clemson in one sportsbook after last week's rankings.

Ohio State is now the outright favorite for a number of different sportsbooks. Bovada and DraftKings give the Buckeyes +150 odds to win, while BetOnline has the team slightly lower at +140.

Led by three Heisman Trophy candidates in defensive end Chase Young, quarterback Justin Fields and running back J.K Dobbins, the Buckeyes will look to end their season and become Big 10 conference championships in their upcoming game against the Wisconsin Badgers.

LSU Tigers

Despite the incredible season of LSU quarterback Joe Burrow, the Tigers are still not the favorite to win the national championship. One of the reasons, according to some sports media members and fans, is be due to LSU's strength of schedule, which has continued to play a big part in the decision making of the CFP committee. According to teamrankings.com, LSU has the fourth-toughest schedule while the Buckeyes are in first.

LSU may be ranked ahead of Clemson in both the CFP and AP polls, but they are given less likely odds to win the title by many sportsbooks. Bovada, DraftKings, and BetOnline all have the LSU Tigers listed at +250.

Burrow and the Tigers will face the Georgia Bulldogs in the Southeastern Conference (SEC) championship game this Saturday, making their first appearance in the game since 2011.

Clemson Tigers

Clemson is one of the more confusing teams in the CFP Top Four. While ranked third in both polls, some sportsbooks give the Tigers better odds to win the national title compared to LSU.

Clemson is the only team in the current Top Four to appear in last year's CFP playoffs, and the team is the defending national champion after defeating Alabama 44-16.

Bovada gives the Tigers +250 odds, tied with LSU, while DraftKings and BetOnline place them ahead of LSU with +225 odds on both sites.

Led by quarterback Trevor Lawrence, Clemson will look to end the regular season with a 13-0 record in their upcoming game against Virginia for the ACC championship.

Georgia Bulldogs

The Bulldogs are the only non-undefeated team in the CFP Top Four, which is reflected in betting odds. DraftKings and BetOnline give the Bulldogs +1200 odds to win the national championship, while Bovada lists them at +1000.

The Bulldogs may have less likely odds to win compared to the teams ranked above them, but they could play a major role in final CFP rankings set to release on December 8. Georgia is set to face LSU in the upcoming SEC championship and if the Bulldogs are able to beat LSU, they could solidify their spot in the Top Four.

On the other hand, if Georgia loses to LSU, the team could be dropped out of the Top Four and replaced by another one-loss team like Utah or Oklahoma, if they are able to win their respective PAC 12 and BIG 12 conference championship games.

College Football Playoff Odds: Where Top Four Teams Stand After Latest Rankings | Sports