College Football National Championship Odds and Predictions: Who Will Win the 2027 Title?

The College Football National Championship is the final game of a single-elimination tournament used to determine the premier team in the NCAA Division I Football Bowl Subdivision (FBS). To win the title, a team must navigate an expanded 12-team bracket - a format introduced in the 2024–25 season - which includes the five highest-ranked conference champions and seven at-large teams selected by a 13-member committee.

Let's dive into the latest NCAAF National Championship Winner odds.

NCAAF National Championship Winner Odds

Check the table below for the latest odds for the NCAAF National Championship Winner, courtesy of some of the best US betting sites on the market.

NCAAF Championship Winner - My Pick

Navigating the grueling college football season to identify a national champion comes down to evaluating elite roster depth, high-caliber quarterback play, and peak performance under pressure. Here is my top pick to conquer the expanded playoff gauntlet and hoist the National Championship trophy.

Favorite: Ohio State (+600) at BetMGM Sportsbook

Ohio State enters the 2026-27 college football season as the clear betting favorite to win the National Championship, and their roster profile heavily backs up the odds.

Driven by the motivation of falling short in recent campaigns, head coach Ryan Day has assembled what the market views as the highest-ceiling team in the sport. The Buckeyes boast exceptional talent retention and an explosive modern offense, anchored by the elite connection between quarterback Julian Sayin and wide receiver Jeremiah Smith.

While they face a deep field of top-tier contenders - including Notre Dame, Texas, and an Indiana program coming off a stunning undefeated championship run - Ohio State’s combination of elite talent acquisition and offensive firepower gives them the most complete profile to navigate the expanded playoff gauntlet and capture the national title.

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Underdog: Miami Florida (+1200) at BetMGM Sportsbook

While traditional powerhouses dominate the top of the board, the Miami Hurricanes (+1200) stand out as the most dangerous underdog to upset the field and capture the 2026-27 National Championship.

Their true betting value lies in the structural advantage of the 12-team playoff format. As heavy preseason favorites to win the ACC, Miami has a highly navigable path to securing a conference title, which automatically guarantees them a top-four seed and a crucial first-round bye. While the heavyweights of the Big Ten and SEC are forced to batter each other through grueling conference schedules and potential opening-round playoff matchups, the Hurricanes can bypass the early attrition.

Arriving at the quarterfinals rested and relatively healthy, Miami possesses the elite offensive firepower and top-tier talent required to string together the three consecutive neutral-site victories needed to pull off a championship upset.

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NCAAF Championship Winner History

Historically, the NCAAF National Championship has been heavily monopolized by a select few traditional powerhouse programs, with teams like Alabama, Georgia, and Ohio State dominating the four-team playoff era.

However, the recent shift to an expanded 12-team playoff format has begun to inject unprecedented parity into the sport's biggest stage. This structural evolution was perfectly illustrated during the 2025-26 season when the Indiana Hoosiers executed a stunning 16-0 undefeated championship run, proving that college football's ultimate prize is no longer strictly reserved for historical bluebloods.

Below is a list of the national champions since the College Football Playoff came to be. 

How to Bet on the NCAAF Championship

To wager on the NCAAF championship, head to your chosen sportsbook's "Futures" section. Futures markets allow you to wager on events that'll resolve sometimes months later, depending on when the wager is made, such as the national championship. These markets are available before and during the season, with odds shifting based on how the team plays, injuries, how other teams are playing, and more. 

In addition to betting directly on the national title winner, you can indirectly support your prediction by wagering on related markets, such as conference championship futures, win totals, or individual game bets (e.g., moneyline, point spread, and totals).

For example, suppose you believe Penn State will win the national championship. You could wager on their games, their projected win total, and the "Futures" market for them to win the Big Ten conference. 

How to Read NCAAF Championship Odds

When reading NCAAF championship odds, you’ll come across “+” and “-” odds. 

The “+” typically indicates an underdog, whereas the “-” is the favorite. 

When it comes to betting, here’s how to view these lines: 

• With “+” odds, you’ll win the amount associated with it when you wager $100. For example, if a team is +600, you’ll win $600 if you place a $100 bet and they win. 

• With “-” odds, you must wager the amount associated to win $100. For example, if a team is -600, you must bet $600 to win $100. 

Where to Bet on NCAAF Championship Winner

When it comes to putting money down on the College Football Playoff, securing the best lines and maximizing your bankroll is essential. Here are the top three sportsbooks to consider for your National Championship futures:

• FanDuel Sportsbook: FanDuel is an industry leader for a reason, offering arguably the smoothest mobile app and the most flexible Same Game Parlay builder in the market. They are often the first to post highly competitive futures odds for top-tier college football programs. If you are signing up for the first time, be sure to grab a FanDuel promo code to secure your welcome offer: Get $350 in Bonus Bets When You Bet $5 for 7 Days.

• DraftKings Sportsbook: DraftKings stands out for its massive market depth, offering incredible variety when it comes to early-season win totals, conference winners, and Heisman odds. They also frequently offer odds boosts for marquee matchups on Saturdays. If you want a deep dive into everything the app has to offer before depositing, check out our DraftKings Sportsbook review to see why they remain a favorite for both sharp bettors and casual fans. New users are in for the following bonus: Spend $5 Get $200 In Bonus Bets (Paid Within 21 days).

• BetMGM: Known as the "King of Sportsbooks," BetMGM is highly regarded for its deep menu of college football futures and frequent parlay insurance promotions. Their interface is clean, and they reliably update odds to reflect real-time market movement. Before locking in your National Championship sleeper pick, make sure to use our BetMGM bonus code WSNSPORTS at sign-up to take advantage of their lucrative welcome bonus: Get Up to $1,500 in Bonus Bets*.

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