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Updated 2024 CFP National Championship Odds

By Hank Blaine

On January 1, 2024, the four best teams in college football throw down at the 2024 College Football Playoff. Big Ten Champion Michigan is a solid +180 favorite to win the National Championship. 4-seed Alabama and Michigan’s Rose Bowl opponent is the +200 second choice. 3-seed Texas is the third choice at +260 while Pac-12 Champion Washington is the longest shot on the board at +650. Which teams get it done in what should be one of the more exciting College Football Playoff Semifinals in recent memory? Check out an analysis of the favorite, the smart play, and the best underdog play available.

A Look at the 2024 CFP National Championship Teams

Top Pick to Win the 2024 CFP National Championship

It makes some sense why Michigan is the favorite to win the National Championship. This is the third season in a row where the Wolverines have made it to the CFP. Michigan boasts a lot of experience on both sides of the football.

The key for the Wolverines is on the offensive end this season where quarterback J.J. McCarthy was in full control from the first game to the Big Ten Championship. McCarthy will hand the ball off to the best pair of running backs in the nation, Donovan Edwards and Blake Corum.

But although the Michigan Wolverines are a great football team, they aren’t as battle-tested as teams like Washington, Texas, and Alabama. Michigan played against two teams that we could describe as elite, Ohio State and Penn State.

The Wolverines beat both, but neither were as good as the Bama squad the Wolverines face in the Rose Bowl. If Michigan gets by Alabama, the Wolverines must face off against the Longhorns or the Huskies, both of which matchup well with the Wolverines.

Second Pick to Win the 2024 CFP National Championship

No team is as hot leading up to the College Football Playoff Semifinals as the Alabama Crimson Tide. Alabama lost to Texas in their second game of the season, but after Nick Saban benched Jalen Milroe, the Bama signal-caller stepped up his game and now is the top dual-threat QB in the country.

Milroe is making excellent decisions on the field. He beat a Georgia defense in the SEC title game that was supposed to keep him from moving the football. One of the reasons for Milroe’s exceptional play is the emergence of wide receiver Jermaine Burton.

Bama’s defense has also improved from earlier in the season. Dallas Turner has developed into one of the nation’s top edge rushers.

Third Pick to Win the 2024 CFP National Championship

Among the four teams that made it to the College Football Playoff, the Washington Huskies have the best resume. Washington beat Oregon twice, 14-Arizona, then 11 USC, Oregon State when the Beavers ranked eleventh, and Utah when the Utes ranked 18.

All season, Washington has answered the bell. For sure, beating Texas and Alabama and Michigan won’t be easy, but Michael Penix to Rome Odunze is the best QB and WR combination in the college football. The Northwest Dogs are a great pick to win it all at the overlay +650 odds.

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