2024 College Football Playoff odds: Oregon now national championship favorite - ESPN

The latest College Football Playoff rankings were released Tuesday night, with undefeated Oregon remaining at No. 1 followed by Texas, Penn State, Notre Dame and Georgia. Ohio State fell four spots to No. 6 following the stunning home loss to rival Michigan, while Alabama ended up at No. 11.

Oregon (+350) is the new betting favorite to win the national championship, replacing Ohio State, which is now tied with Texas for the second-best odds (+425). They are followed by Georgia (+500), Notre Dame (+750), Penn State (+1100) and Alabama (+1400).

Here are the posted odds for selected CFP top 25 teams to win their conference championship and capture the national championship.

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

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