CFP National Championship Odds 2024

John Arlia
Last Updated: Jan 2, 2024

The College Football Playoff National Championship is set, with Michigan (14-0) taking on Washington (14-0) in a battle of undefeated teams.

Michigan outlasted Alabama 27-20 in overtime in the Rose Bowl to earn its spot, while Washington survived a late scare from Texas to win the Sugar Bowl 37-31.

With just two teams remaining, let’s take a final look at this season’s CFP National Championship odds.

CFP National Championship Odds 2024

NCAAF odds used for these best bets are from Tuesday, Jan. 2, and courtesy of DraftKings Sportsbook.

  • Michigan (-192)
  • Washington (+160)

CFP National Championship Favorite

Michigan (-192)

The top-seeded Wolverines were the betting favorites to win the National Championship heading into the Rose Bowl (+180), and their odds have only dwindled since knocking off Alabama.

Michigan’s defense set the tone against the Tide, sacking Jalen Milroe five times in the opening half and making the game-winning fourth-down stop on the Bama QB to seal the victory in overtime.

Jim Harbaugh‘s squad responded well to adversity, as it has all season, overcoming a bevy of special teams miscues (muffed punt, botched PAT, and FG miss) en route to victory.

J.J. McCarthy orchestrated a clutch game-tying touchdown drive late in the fourth quarter that sent the game to OT, and Blake Corum needed just two carries to get to the end zone in the extra session.

While the Wolverines will need to clean a few things up between now and Monday, they’re a deserving favorite.

CFP National Championship Underdog

Washington (+160)

The Huskies had the longest odds to win the National Championship of the final four teams (+700), but they continue to prove their doubters wrong.

Michael Penix Jr. looked every bit like the quarterback that should have won the Heisman Trophy on Monday night, throwing for 430 yards and two scores against the Longhorns.

And while Washington’s defense wasn’t exactly dominant, it made crucial plays to win the game. The Huskies forced two second-half turnovers and tightened up their coverage in the red zone late in the fourth quarter as Texas tried to get the game-winning score.

Penix has a phenomenal wideout trio of Rome Odunze, Ja’Lynn Polk, and Jalen McMillan, who could have to step up even more Monday night if running back Dillon Johnson can’t go. Johnson, who rushed for 49 yards and a pair of touchdowns against Texas, suffered a painful-looking injury on UW’s final offensive snap.

Washington has the offensive talent to trouble Michigan’s elite defense. And after winning 10 straight games by single digits, it’s clear that Kalen DeBoer‘s squad never quits.

Where is the College Football National Championship 2024?

The location of the College Football Playoff National Championship changes each year.

In 2024, the CFP title game will take place at NRG Stadium in Houston, Texas.

When is the College Football National Championship?

The College Football National Championship Game will be played on Monday, Jan. 8, 2024.

The game will take place a week after the Playoff Semifinals, which will ring in the new year at the Rose Bowl Game and Allstate Sugar Bowl on Jan. 1, 2024.

College Football National Championship History

Previous College Football National Championship Winners

All teams listed below won the National Championship during the College Football Playoff era.

  • 2023: Georgia
  • 2022: Georgia
  • 2021: Alabama
  • 2020: LSU
  • 2019: Clemson
  • 2018: Alabama
  • 2017: Clemson
  • 2016: Alabama
  • 2015: Ohio State


John Arlia

Before joining The Game Day, John served as the National Writer for the United Soccer League, where he primarily covered the USL Championship out of the league’s headquarters in Tampa, FL. A devout soccer fan, John attended the men’s World Cups in Brazil and Russia and can’t wait for the 2026 edition to come to North America. Having also written for Sporting News Canada since getting his master’s from the Walter Cronkite School of Journalism at ASU, John has acquired a diverse sporting background, but considers football, golf, and soccer his three strong suits.

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