National Championship Odds Update – Penn State Makes Statement

By Nick Holz in College Football
Published:

- Georgia has surpassed Alabama in the 2022-23 National Championship Odds
- Penn State has entered the National Championship race
- Read below to see the updated 2022-23 National Championship Odds
Don’t look now, but number 23 Penn State has abruptly entered the 2022-23 National Championship odds picture. With two wins over Power Five competition in three weeks, the Nittany Lions have set the stage for a successful season. Suddenly, Penn State is a contender.
Additionally, the Georgia Bulldogs just keep on smashing quality opponents. An absolute rout of South Carolina merely confirmed that this team is a force. Georgia could easily repeat, and more importantly, they are now favored to do so.
Georgia has leapfrogged Alabama in the National Championship Odds, while Penn State has made its mark on the board. Have a look at the updated odds table below.
National Championship Odds
Team | Odds |
---|---|
Georgia | +180 |
Alabama | +300 |
Ohio State | +300 |
Clemson | +1100 |
USC | +1200 |
Michigan | +2500 |
Oklahoma | +4000 |
Penn State | +6000 |
Tennessee | +8000 |
Oklahoma State | +8000 |
Utah | +10000 |
Washington | +10000 |
Odds as of September 18th at FanDuel Sportsbook. Use the FanDuel promo code to bet on the CFP.

Georgia as the new favorites at +180 odds looks like the safe bet here. While USC at +1200 and Michigan at +2500 are also juicy contenders. Penn State made the biggest leap all the way up to +6000 in the National Championship odds after Week 3.
Can Penn State Really Contend for a National Championship?
If beauty points were awarded for wins in college football, Penn State would have scored on Saturday. A 41-12 win against a game SEC opponent will do that. A 29-point win at Auburn will make national football fans take notice. Penn State wasn’t just good against a downtrodden Auburn Tigers team, the Nittany Lions were utterly dominant on both sides of the football.
Penn State true freshman running back Nicholas Singleton continues to display Jonathan Taylor-like traits.
He's already a top-tier running back prospect.pic.twitter.com/Oo0hAWfCnw
— Luca Sartirana (@SartiranaLuca) September 17, 2022
The Nittany Lions’ offense gained 477 yards, averaged 6.3 yards per carry, and 10.1 yards per pass attempt. Freshman running backs Nicholas Singleton and Kayton Allen combined for 176 yards and 4 touchdowns.
Defensively, Penn State forced four turnovers and harassed Tigers quarterback T.J. Finley all afternoon. More importantly, Penn State showed the Big Ten is every bit as good as the talent in the SEC. Now at +6000 in the National Championship odds, Penn State is an intriguing longshot bet.
Georgia Looks Ready to Repeat
If the National Championship game was played tomorrow, few would bet against the Georgia Bulldogs. Kirby Smart’s men continued a comfortable September by flattening South Carolina.
Georgia showed why they jumped to number 1 with an easy road win in their SEC opener. Quarterback Stetson Bennett IV continues to be a revelation. Bennett completed 16 of 23 passes for 284 yards and two touchdowns, while adding another score on the ground. According to the broadcast, he did all this while throwing up sick on the sidelines. It wasn’t Michael Jordan’s flu game, but the Georgia Bulldogs will be unstoppable if Stetson Bennett continues to play like this.
Stetson Bennett for Heisman. This is not a joke. https://t.co/QLKnoxAc7s
— UGA Football Live (@UGAfootballLive) September 17, 2022
For the season, Bennett is completing 74% of passes and averaging 11 yards per attempt. He is shooting his way up the Heisman trophy odds for a reason. On Saturday, no Georgia player rushed for over 36 yards, and the team cruised to an easy victory over an SEC opponent. This team has looked phenomenal through the first three weeks.
Other National Championship Odds Notes
Oklahoma State’s blowout over Arkansas Pine-Bluff has moved their odds from +10000 to +8000 in the National Championship odds. This team has legit talent on both sides of the football. With the continuity of Mike Gundy’s staff, Oklahoma State could be a sneaky good National Championship bet.
Gunnar Gundy and Talyn Shettron each with their first career touchdown for Oklahoma State ðŸ¤
Mike Gundy has gotta be one proud pops on the sideline 🙌pic.twitter.com/KHpE2HHJ2o
— The Transfer Portal CFB (@TPortalCFB) September 18, 2022
Meanwhile, Michigan just keeps blowing out inferior opponents. Wolverines running back Blake Corum tied a school record on Saturday with five rushing touchdowns in a 59-0 victory over UConn. Yet, Michigan’s National Championship odds remained stagnant at +2500. Likewise, the USC Trojans trounced Fresno State 45-17 at the Coliseum. The Trojans are off to a blistering start with 178 points scored through three games, the most for a USC team since 2005. At +1200 this dangerous USC Trojan team may be the best value bet on the board.
- BET365 SPORTSBOOK
BET $5 & GET $150 IN BONUS BETS WITH CODE DIME365
- BETMGM SPORTSBOOK
USE CODE SBD1500 & GET $1,500 BACK IN BONUS BETS
- DRAFTKINGS SPORTSBOOK
BET $5 & GET $200 IN BONUS BETS INSTANTLY!
- FANDUEL SPORTSBOOK
BET $5 & GET $250 IF YOUR BET WINS
- CAESARS SPORTSBOOK
USE CODE SBD2DYW & BET $1 TO DOUBLE THE WINNINGS ON YOUR FIRST 10 BETS!
Must be 21+. GAMBLING PROBLEM? Call 1-800-GAMBLER (CO, IL, KS, KY, MD, MI, NC, NJ, OH, PA, TN, VA, VT, WV, WY); (800) 327-5050 or gamblinghelplinema.org (MA); (877) 8-HOPENY (NY); 1-800-NEXT-STEP (AZ); (888) 789-7777 (CT); 1-800-BETS-OFF (IA); 1-800-9-WITH-IT (IN); mdgamblinghelp.org (MD); morethanagame.nc.gov (NC); 1800gambler.net (WV)

Sports Content Writer
A sports betting aficionado and graduate of Toronto Film School, Nick covers the NFL, NBA, Soccer, and MMA for SBD. He is also an avid NBA podcaster, and sports betting TikToker. Nick's work has been featured on Bleacher Report.