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After unveiling of playoff rankings, Ohio State still holds second best National Championship odds

The Buckeyes were named No. 6 in the first edition of the playoff rankings, but their title odds remain second best behind Alabama.

NCAA Football: Pac-12 Media Day Kirby Lee-USA TODAY Sports

On Tuesday night, the first batch of College Football Playoff rankings were released. Compared to the AP Poll, there was a considerable amount of movement. But rankings weren’t the only big mover; the betting odds for some of the top teams changed, too.

On Wednesday, Bovada, one of the bigger sportsbooks on the Internet, listed new odds for a handful of the top teams in the country. Compared to Monday, there was a lot of fluidity.

After a big win against then-No.2 Penn State, the Ohio State Buckeyes had 3-to-1 odds of winning the title on Monday. However, their odds dipped a smidge after the releasing of the CFP rankings. Now, as of Wednesday afternoon, the Buckeyes hold 7-to-2 odds of winning the championship.

Even though Alabama isn’t the No. 1 team in the new rankings, they still own the top spot in the eyes of the oddsmakers. The Crimson Tide saw their odds move from from 5-to-7 on Monday, to 6-to-5 on Wednesday.

Georgia, the new No. 1 in the eyes of the playoff committee, saw the largest odds jump. Entering the week, the Bulldogs had an 11-to-1 booking for the championship; now, those odds are much shorter at 5-to-1.

Below is a table with the 10 best teams and their odds to win the natty.

Odds to win National Championship (11/1)

Team Current Odds Monday's (10/30) Odds
Team Current Odds Monday's (10/30) Odds
Alabama 5/6 5/7
Ohio State 7/2 3/1
Georgia 5/1 11/1
Clemson 9/1 11/1
Notre Dame 10/1 11/1
Penn State 25/1 20/1
Miami (FL) 33/1 28/1
Oklahoma 33/1 28/1
Oklahoma State 33/1 28/1
Washington 33/1 28/1