College Football National Championship 2023: Georgia becoming runaway favorites but there’s value on underdogs

National championship sec
INDIANAPOLIS, IN – JANUARY 10: Georgia Bulldogs DL Jordan Davis (99) holds up the National Championship Trophy at the conclusion of the Alabama Crimson Tide versus the Georgia Bulldogs in the College Football Playoff National Championship, on January 10, 2022, at Lucas Oil Stadium in Indianapolis, IN. (Photo by Michael Allio/Icon Sportswire)

The 2023 College Football season is firmly underway and if you’re looking to bet on the winners of the National Championship, this may be the best time if you have an early hunch. A lot has changed to the odds list since Week 0, but the one constant is Georgia being the powerhouse at the top of the totem pole.

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College Football: National Championship odds

Georgia+230
Michigan+400
Ohio State+1000
Texas+1000
Florida State+1200
USC+1400
Penn State+1600
Norte Dame+1600
Washington+2800
LSU+3000
Oregon+3500
Alabama+4000

Georgia are currently favored to win the National Championship in 2023

The Georgia Bulldogs breezed through their opening three games of the season, scoring a combined 93 points through the first two before beating South Carolina 24-14. Their next big challenge will be Auburn, but the Bulldogs just look a level above everyone else this year, and with teams like Alabama bumbling down the order after shock defeats, they’re very much alone on that pedestal.

That doesn’t mean there isn’t value to be found, however. Michigan started the year at +800 and those odds have since halved. They’ve put up 30+ points in each game so far and have only allowed 13 total points in 3 games. Could the Wolverines defense provide the antidote to Georgia when it matters most? If you’re bullish, it may be worth betting on them now before the price drops further.

Texas also saw their odds halve. They started the year at +2000 and have since crashed to +1000. A huge win over Alabama helped spur this drop in price, but if they can find a way to beat the likes of Baylor and Oklahoma, the dream of a National Championship starts to become very real.

Eagles national championship
INDIANAPOLIS, IN – JANUARY 10: Georgia Bulldogs ILB Nakobe Dean (17) lines up on defense during the Alabama Crimson Tide versus the Georgia Bulldogs in the College Football Playoff National Championship, on January 10, 2022, at Lucas Oil Stadium in Indianapolis, IN. (Photo by Zach Bolinger/Icon Sportswire)

College Football: National Championship betting promo

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College football national championship
Southern California wide receiver Tahj Washington celebrates after scoring a touchdown against San Jose State during the first half of an NCAA college football game Saturday, Aug. 26, 2023, in Los Angeles. (AP Photo/Ryan Sun)
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Photo by Michael Allio/Icon Sportswire