College football futures market shakes up after second CFP rankings release - ESPN

The second release of the College Football Playoff rankings has brought significant movement, with some teams rising and others falling. Indiana made a notable jump to No. 5, continuing their impressive season, while BYU climbed to No. 6, further solidifying their playoff hopes.

On the other hand, Miami dropped five spots to No. 9 after a shocking loss to unranked Georgia Tech, and Georgia tumbled nine spots to No. 12 following a disappointing defeat at home to Ole Miss. With these shifts in mind, the futures market got a bit more murky. Here's a look at some of the changes plus one wager to consider.

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

No. 5 Indiana Hoosiers (+2500) and No. 6 BYU Cougars (+7500)

Indiana's rise into the top five is a significant achievement, particularly as it marks the first time in program history that the Hoosiers have reached ten wins in a season. They maintained their undefeated record with a narrow victory over Michigan, showcasing their ability to compete in high-pressure situations. This impressive performance, combined with the chaos surrounding other top teams, including Miami's loss to Georgia Tech, justified Indiana's leap from No. 8 to No. 5. The committee recognized the Hoosiers' strong season and potential for further success, especially as they continue to vie for a spot in the playoff.

Indiana is listed at -500 to make the playoff, +340 to miss, and +750 odds to win the Big Ten. These odds are aligned with their current No. 5 ranking, reflecting confidence in their ability to make the playoff if they continue their strong season. However, the +750 odds to win the Big Ten highlight some uncertainty about whether they can secure the conference