Past two CFP champs listed among favorites for 2026-27 title

Field Level Media|published: Tue 20th January, 02:02 2026

Jan 19, 2026; Miami Gardens, FL, USA; Indiana Hoosiers head coach Curt Cignetti holds up the trophy as the team celebrates winning the College Football Playoff National Championship game at Hard Rock Stadium. Mandatory Credit: James Lang-Imagn Images

Sportsbooks aren't ruling out another chapter in the Indiana fairy tale, as the Hoosiers rank among the favorites to win the 2026-27 College Football Playoff national championship.

Indiana completed its rise from being one of major college football's perennial doormats to being the country's best by beating Miami 27-21 on Monday in the CFP final at Miami Gardens, Fla.

Hoosiers junior quarterback Fernando Mendoza is expected to be the No. 1 overall pick in this year's draft, leaving a big gap for the new champs.

Still, DraftKings lists the past two CFP champs, Indiana and Ohio State, as co-favorites for next season at +700.

FanDuel puts Ohio State as a co-favorite, at +650, but level with Notre Dame, which felt snubbed by not making the 12-team CFP field in the just-concluded season. The Hoosiers are a +700 third choice at FanDuel.

Notre Dame and Texas have the third-shortest odds at DraftKings (+750), which then has Oregon (+850), Georgia (+900), LSU (+1200), Texas Tech (+1400), Texas A&M (+1600), Alabama (+1800) and Miami (+2000).

Texas is the fourth choice on the FanDuel board at +750. The Longhorns are followed by Oregon (+900), Georgia (+1100), LSU (+1400), Texas A&M (+1500), Texas Tech (+1600), Miami (+1900) and Alabama (+2200).

The first 44 teams on FanDuel's list come from the power conferences before South Florida (+60000) ranks as the best of the rest. Boise State is the top non-power conference team at DraftKings, tied for 43rd on the board at +30000.

--Field Level Media