2023-24 Preseason College Football Betting Preview

Late June is when professional sports enter an extended period of dormancy where Major League Baseball and professional tennis take the spotlight. If those sports aren’t triggering your betting interest, perhaps you should consider placing a bet on college football well in advance of the season’s onset.

Since January’s College Football Playoffs concluded, NCAAF futures have been posted, allowing online gamblers to bet on the CFP National Champion for the following season.

Placing a bet on championship futures for any sport during the preseason will normally reward large cash payouts, even when wagering on the favored team to win it all.

That scenario holds true for next season, as the National Champion Georgia Bulldogs once again lead the betting odds and are favored to win their third CFP Title in a row.

2023-2024 CFP National Championship Odds To Win

  • Georgia +250
  • Ohio State +600
  • Alabama +550
  • Michigan +900
  • USC +1200
  • Clemson +1100
  • Texas +1800
  • Tennessee +2000
  • Florida State +1800
  • Penn State +2000
  • LSU +1600
  • Oregon +2500
  • Notre Dame +3000

CFP National Championship betting on the Bulldogs will reward at a ratio of 2.5-to-1 versus the amount of the wager, but only if taken advantage of right now. The odds on a Bulldog championship are actually fairly low, considering they no longer have quarterback Stetson Bennett on the roster.

The Bulldogs will lean upon the efforts of junior QB Carson Beck in 2023.

Our best-reviewed football sportsbooks have also created odds for betting on the Heisman Trophy winner for 2023-24. The date of the Heisman Ceremony is Thursday, December 7, 2023, so any wagers placed on the below odds will not wrap up for over five months.

2023-24 Heisman Odds

  • Caleb Williams +500
  • Jayden Daniels +800
  • Jordan Travis +1000
  • Quinn Ewers +1100
  • Bo Nix +1300
  • Drake Maye +1400
  • Michael Penix Jr. +1400
  • Sam Hartman +1500
  • Cade Klubnik +1500
  • Drew Allar +2500

Oklahoma Sooners quarterback Caleb Williams currently holds the lead by 300 points in the moneyline odds over LSU Tigers QB Jayden Daniels. A deep sleeper pick for this year’s Heisman Trophy odds is FSU Seminoles quarterback Jordan Travis.

Most of Travis’ Heisman potential weighs on Florida State winning out this season and becoming the ACC Champions, something the Seminoles have not done since 2014.

An undefeated record and an ACC Championship Game victory should be enough to propel FSU into the final four CFP teams. The Seminoles are ranked 9th according to the above CFP futures and are listed at 14th in the preseason ESPN college football polls.

The only Atlantic Coast Conference team ranked ahead of them is the Clemson Tigers, suggesting the Noles have a shot at attaining a conference title, competing for the CFP, and earning Jordan Travis a Heisman Trophy.

Below are the projected NCAAF Conference winners according to the college football betting odds:

  • 2023-24 AAC Champions: The Tulane Green Wave +225
  • 2023-24 ACC Champions: Clemson Stigers +120 (FSU Seminoles +190)
  • 2023-24 Big 10 Champions: Ohio State Buckeyes +120 (Michigan Wolverines +180)
  • 2023-24 Big 12 Champions: Texas Longhorns +105
  • 2023-24 C-USA Champions: Western Kentucky Hilltoppers +140
  • 2023-24 Mountain West Champions: Boise State Broncos +185
  • 2023-24 PAC-12 Champions: USC Trojans +200
  • 2023-24 SEC Champions: Georgia Bulldogs -105

Sports Reference, Sports Illustrated, Bovada.LV, BetOnline