National championship odds following first College Football Playoff ranking

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In what has become an annual tradition, the discussion over the first College Football Playoff rankings has taken over the week. 

Tuesday night, the CFP committee announced its first of six rankings leading up to the final year of the four-team playoff format, and there was a major surprise at the top. 

The College Football Playoff national championship trophy is displayed on the field before the national championship between the Georgia Bulldogs and the TCU Horned Frogs at SoFi Stadium Jan. 9, 2023, in Inglewood, Calif.  (Steph Chambers/Getty Images)

Georgia has been at the top of The Associated Press's Top 25 for 20 consecutive weeks, but it isn't first in the only poll that matters. 

Ohio State comes in as No. 1 in the initial poll after wins over No. 15 Notre Dame and No. 11 Penn State. The committee clearly put a lot of weight on strength of schedule, and the Buckeyes have more quality wins than the Bulldogs. 

WHAT FANS LEARNED FROM WEEK 9 OF THE COLLEGE FOOTBALL SEASON

Georgia came in at No. 2 in front of Michigan and Florida State. Washington, Oregon, Texas, Alabama, Oklahoma and Ole Miss round out the top 10. 

There’s bound to be change at the top over the next several weeks as the month of November will almost certainly claim its victims. But let's take a look at the current national championship odds, according to Caesars Sportsbook

Despite accusations of sign-stealing swirling around the program, the Wolverines are the betting favorite to win the 2023 national championship. 

Michigan has its off week in Week 9 after dismantling in-state rival Michigan State on the road. Jim Harbaugh’s team has done what it was expected