Updated College Football Playoff and Heisman Trophy Betting Odds

College Football Playoff Trophy
Updated betting odds for College Football National Championship and Heisman Trophy Jamie Schwaberow/Getty

With college football's regular season at an end, the final four teams have been selected for the College Football Playoff (CFP), as well as the four finalists for the Heisman Trophy.

No. 1 ranked LSU will play No. 4 ranked Oklahoma in the CFP semi-final Peach Bowl and No. 2 ranked Ohio State will face No. 3 ranked Clemson on the other side of the semi-final in the Fiesta Bowl. The winners of each game will face off in the CFP National Championship game on Monday, January 13.

Heisman Trophy odds have seen a lopsided display with LSU quarterback Joe Burrow taking an enormous lead ahead of the rest of the pack. One sportsbook even gave him odds to break O.J. Simpson's record of 855 first-place votes.

The winner of the Heisman Trophy will be announced on Saturday in New York City. Those interested in watching the ceremony live can tune in to ESPN at 8 p.m. ET.

Newsweek has compiled the odds for each CFP semi-final and championship game as well as the odds for who will win the Heisman Trophy.

Heisman Trophy

Joe Burrow, Quarterback, LSU

Joe Burrow took the lead as the favorite to win the Heisman trophy after his four touchdown, 327-yard game against Mississippi State on October 19. Since that game, Burrow has continued his dominant season, leading LSU to a 12-0 regular season record and the school's first SEC title since 2011. Burrow's odds to win the Heisman have continued to make him a favorite, but when the four finalists for the trophy were announced, his odds spiked even more.

Bovada sportsbook gives Burrow -25000 odds to win the trophy while BetOnline and SportsBetting.ag list the quarterback at -30000. On Tuesday, Fanduel sportsbook removed all other finalists except Burrow to win the award.

"Burrow is believed to have already won this award, as the postseason does not count towards the judging of this award, it is firmly believed that Burrow is the winner," Fanduel told Newsweek when asked for comment on the change in betting.

On Thursday, both Fanduel and DraftKings removed the option to bet on the Heisman, showing how much of a favorite Burrow is.

Jalen Hurts, Quarterback, Oklahoma

Falling in behind Burrow as the second favorite to win the award is Jalen Hurts of Oklahoma. Hurts had a strong season and continued to move around the list of Heisman hopefuls, but his win over Baylor in the BIG 12 championship game helped solidify him as a finalist for the trophy.

On all three sites, Bovada, BetOnline and SportsBetting.ag, Hurts is given +2500 odds to win the Heisman.

Justin Fields, Quarterback, Ohio State

Despite leading the Ohio State Buckeyes to an undefeated record and a BIG 10 conference championship, Fields falls into the third spot for Heisman favorites. Fields finished the regular season with 40 touchdowns and led all college quarterbacks with only one interception.

Bovada gives fields +2500 odds, while BetOnline and SportsBetting.ag list the Buckeye quarterback at +3300.

Chase Young, Defensive end, Ohio State

Young is the only non-quarterback in the list of Heisman finalists. Despite being suspended for two games after violating NCAA rules, Young still led all of college football in sacks with 16.5. Young is the first defender to be named a Heisman finalist since 2016 and if he was able to beat out Burrow, he would join former Michigan Wolverine and NFL Hall of Famer, Charles Woodson as the only defensive players to win the award.

BetOnline and SportsBetting.ag give Young +3300 odds while Bovada lists the defensive end at +4000.

Peach Bowl

The Chick-Fil-A Peach Bowl will feature No. 1 ranked LSU vs. No. 4 ranked Oklahoma on December 28. The winner of the game will go on to the CFP national championship game and face the winner of the PlayStation Fiesta Bowl.

Fanduel and DraftKings have LSU as 13-point favorites in the game, while Bovada has a slight difference with LSU as 13.5-point favorites. The odds for money line bets are listed below.

Fanduel: LSU -490, Oklahoma +360

DraftKings: LSU -455, Oklahoma +340

Bovada: LSU -550, Oklahoma +375

Fiesta Bowl

The PlayStation Fiesta Bowl will offer a matchup between No. 2 ranked Ohio State vs. No. 3 ranked Clemson, and the winner will face either LSU or Oklahoma in the CFP national championship game. All three sportsbooks, Bovada, Fanduel and DraftKings have Ohio State as 2-point favorites to win the game. Despite Ohio State being a point favorite, Clemson remains the favorite for money line bets, which are listed below.

Fanduel: Ohio State +110, Clemson -130

DraftKings: Ohio State +106, Clemson -129

Bovada: Ohio State Even, Clemson -120

CFP National Championship

In future bets for the CFP national championship, LSU is the favorite in a number of different sportsbooks. They are the No. 1 ranked team led by the outright Heisman favorite, which has noticeably helped their odds. Fanduel gives the LSU Tigers +170 odds while Bovada and DraftKings list them at +120.

Falling in behind LSU is No. 3 ranked Clemson, looking to defend their CFP national championship title from last year. Clemson is listed at +180 odds on Fanduel, +205 on Bovada and +200 on DraftKings.

Coming in as the third favorite is the previously No.1 ranked Ohio State Buckeyes. Led by two Heisman finalists, the Buckeyes are given +210 odds on Fanduel, +205 odds on Bovada and +225 odds on DraftKings.

Despite a one-loss season and a BIG 12 conference championship title, the Oklahoma Sooners are given different odds from the three other teams. All three sportsbooks, Fanduel, Bovada and DraftKings give the Sooners +1200 odds to win the CFP National championship.