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The College Football Playoff is finally expanding to 12 teams for the 2024-25 season. With 8 additional slots now available, let’s take a look at the overall odds and the teams most likely to claim an expanded CFP slot.

Expanded CFP Guide

In past seasons of the 4-team College Football Playoff, two of the six “New Year’s Six” bowl games counted as the semifinals, with the other four being played as normal bowl games. In the expanded 12-team CFP, all six of those bowl games will be utilized, with four being quaterfinals and two being semifinals. The semifinal games will continue to rotate on a yearly basis.

The 12 participating teams will be selected based on CFP Rankings. The four highest-ranking conference champions will receive spots 1-4 and advance straight to the quarterfinals. The next eight highest-ranking teams will compete in the CFP’s first-round games. In the 2024-25 season, the bowl games are as follows:

First Round:

Game 1 (#5 vs #12) – December 20

Game 2 (#6 vs #11) – December 21

Game 3 (#7 vs #10) – December 21

Game 4 (#8 vs #9) – December 21

The first-round games of the CFP will not be linked to any specific bowl game, but played as standalone games.

Quarterfinals:

Fiesta Bowl (#1 vs #8/#9) – December 31

Peach Bowl (#2 vs #7/#10) – January 1

Rose Bowl (#3 vs #6/#11) – January 1

Sugar Bowl (#4 vs #5/#12) – January 1

Semifinals:

Orange Bowl (Winner 1 vs Winner 4) – January 9

Cotton Bowl (Winner 2 vs Winner 3) – January 10

Championship

CFP Title Game (Semis Winner vs Semis Winner) – January 20

Expanded CFP Offshore Odds

TeamCFP Title Odds
Georgia+325
Ohio State+375
Texas+700
Oregon+1000
Alabama+1400
LSU+1600
Ole Miss+1600
Michigan+2000
Penn State+2500
Notre Dame+2500
Florida State+2500
Clemson+3000