Believe it or not, but the College Football Playoffs are starting to take shape, at least a little bit.
Here’s a look at the latest 2025 CFP odds at FanDuel Sportsbook as of Sept. 28.
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CFP Championship Winner 2025-26
Ohio State: +500 (bet $10 to win $60 total)
Oregon: +550 (bet $10 to win $80 total)
Alabama: +750 (bet $10 to win $85 total)
Penn State: +800 (bet $10 to win $90 total)
Texas: +800 (bet $10 to win $90 total)
Georgia: +900 (bet $10 to win $100 total)
Miami FL: +1100 (bet $10 to win $120 total)
Ole Miss: +2000 (bet $10 to win $210 total)
Oklahoma: +2000 (bet $10 to win $210 total)
OSU remained in the top spot on the oddsboard after a 24-6 win over Washington, and it has now outscored its first four opponents 145-22.
Penn State was second on the board, but James Franklin’s squad finally faced a ranked opponent, and lost to said ranked opponent — a 30-24 double-overtime loss to Oregon at home.
Franklin is now 4-21 against top-10 ranked opponents.
With the win, Oregon jumped to second on the board. It will host No. 11 Indiana next week.
Making a jump into third is Alabama, which ended Georgia’s 33-game home winning streak with a 24-21 road win on Saturday.
There will also be some changes heading into the next College Football Playoff when it comes to seeding, potentially making the path smoother for some of those premier programs.
In late May, the CFP committee approved a proposal in which the four highest-ranked teams would earn the top four seeds and a first-round bye, removing the previous conference champion requirement. The top five ranked conference champions will still earn playoff spots.
Last season, the top four seeds — Oregon, Georgia, Boise State and Arizona State — all received a bye and then lost in their quarterfinal matchups. Had the new format been in place, No. 1 Oregon, No. 2 Georgia, No. 3 Texas and No. 4 Penn State would have been the top four seeds and had byes.
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