College Football National Championship odds: Michigan favorite to win it all

The College Football Playoff committee released its final regular-season rankings on Sunday.

And while the Alabama Crimson Tide celebrated, the Florida State Seminoles were left wondering what else they could do.

Big Ten champion Michigan is the top seed, with Pac-12 winner Washington second. Both finished the regular season 13-0.

Texas (12-1) of the Big 12 is third, and Alabama (12-1) of the SEC earned the fourth and final spot.

Florida State (13-0), champion of the ACC, fell out of the top four and finished fifth.

Here's a look at the odds to win the CFP.

COLLEGE FOOTBALL NATIONAL CHAMPIONSHIP ODDS *

Michigan Wolverines: +160 (bet $10 to win $26 total)
Alabama Crimson Tide: +200 (bet $10 to win $30 total)
Texas Longhorns: +300 (bet $10 to win $40 total)
Washington Huskies: +700 (bet $10 to win $80 total)

* odds as of 12/3/2023

Selection committee chair Boo Corrigan discussed the Crimson Tide receiving a bid at the expense of the Seminoles, who lost star quarterback Jordan Travis to a season-ending leg injury against North Alabama on Nov. 18.

"We had eight really good teams this year, right — somewhat of a unique year in the last year of the four [CFP teams] as we go through this," said Corrigan, the North Carolina State director of athletics. "But looking at the player availability was really important to what's going on.

"I think someone said it there — you know, you can lose a running back, you can lose a wide receiver but a quarterback as dynamic as Jordan Travis, it changes their offense in its entirety. And that was really a big factor."

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Georgia, which won the previous two CFP titles, tumbled to sixth in the CFP rankings after losing 27-24 to the Tide in the SEC championship game on Saturday.

Here are the early point spreads for the CFP semifinals on Jan. 1:

ROSE BOWL (5 p.m. ET)

Michigan -2.5 vs. Alabama, Over/Under 45.5

SUGAR BOWL (8:45 p.m. ET)

Texas -4.5 vs. Washington, Over/Under 62.5

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