2024 College Football Playoff odds: Georgia, Alabama among top five teams entering Week 12 - ESPN

While the College Football Playoff rankings saw a new top 10 on Tuesday night, the betting odds show a different picture entering Week 12. No. 2 Ohio State Buckeyes (+300) remains the betting favorite, with No. 1 Oregon (+360) and No. 3 Texas (+450) following as the second and third favorite.

Despite its loss to No. 11 Ole Miss, No. 12 Georgia (+900) is still the fourth favorite to win the national championship, with No. 10 Alabama (+1000), the Rebels (+1110) and No. 7 Tennessee (+1800) all behind the Bulldogs. While Penn State and Indiana entered the top five of the CFP rankings, the No. 4 Nittany Lions (+2000) are eighth and the No. 5 Hoosiers (+2500) are ninth on the odds board.

With playoff implications on the line in a key SEC matchup between the Volunteers and the Bulldogs on Saturday, here are the odds for each team in the CFP top 25 to make the playoff, win a conference championship and win the national championship.

All odds are accurate as of timestamp. For the latest odds, go to ESPN BET.

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College football Week 12 odds and lines