Last updated on: March 3rd, 2022

Legal CFP Betting – How To Bet On The College Football Playoff

One of the biggest markets in sports betting is betting on College Football and the College Football Playoffs, or CFP, is the best time to place action. There are many avenues for CFP betting with online and mobile sportsbooks offering odds for all the games, player props, live betting, and much more. Sportsbooks see a major uptick in action during the college football playoffs so they host a seemingly endless supply of betting odds for local fans. The popularity of college football playoffs betting is only topped by Super Bowl betting and March Madness betting.

Many states have started offering odds for CFP National Championship as regulated sports betting continues to spread across the country. Not every state with legal sports betting hosts college odds, however, as some have restrictions on college games. Luckily, licensed online sportsbooks offer betting odds to players all across the country. No one needs to miss out on college football playoffs betting thanks to these online sportsbooks. Some of the best odds, player props, parlays, and live betting is available at these mobile betting operations. The best way to bet on the college football playoffs is at these licensed online sportsbooks.

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Best Odds For Betting On Bowl Games

Sports betting fans looking for the best college football playoffs odds can look no further as Bovada hosts some of the best betting lines on the market. Sports bettors can find odds for all the bowl games at Bovada. The popular internet sportsbook even hosts futures odds for who will win the College Football National Championship long before the season starts, leading to big odds with futures betting. The best way to play is to bet at Bovada as there are odds for each player, each team, and each conference.

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Can I Legally Bet On The College Football Playoff?

College football betting is legal and fans can wager on games in each state. States do have individual regulations in regard to collegiate betting. Some states allow college betting so long as the event is not taking place in the state while other markets restrict betting on local schools altogether, even if the game is taking place in another state. Some states even go as far as banning local sportsbooks from offering odds on the college football playoff. Due to online sportsbooks like Bovada and BetOnline, sports betting fans can bet on the College Football Playoffs in all markets. These operators have no restrictions so they have got you covered when it comes to betting on the CFP legally.

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Differences Between Land-Based And Online Sportsbooks

The clear difference between online and land-based sportsbooks is that one is online and can be used from anywhere and the other requires you to place bets in person. Currency options are another major difference as you can only use cash at retail locations while you can use credit/debit cards and even cryptocurrency when betting online. Some land-based locations might also have certain restrictions with their odds while online books have no restrictions.

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What makes legal online sportsbooks available across the country is that they are regulated by governing bodies outside of the U.S. Also, sports betting is federally legal across the country with no restrictions holding it back. For most sports bettors though, the appealing factor that draws to online rather than retail locations is that you can use them from literally anywhere you have an Internet connection.

Odds To Win NCAA Football Championship

The current College Football Playoff betting odds have been released since just after the 2021 CFP ended. Regular college football dynasties appear near the top of the CFP odds, with Alabama, Clemson, Oklahoma, and Ohio State holding their place among the greats. While the odds for the College Football Championship winner change every week, expect these teams to stay near the top.

Legal Deposit Methods For CFP Betting

When it comes to making an online sportsbook deposit to bet on the college football playoffs, you have plenty of options. You can use your normal VISA, MasterCard, or American Express debit or credit card. You can also use different forms of cryptocurrency such as Bitcoin and Ethereum as well. When using land-based sportsbooks to bet, you will only be able to use cash to place your bets. Aside from crypto and debit/credit cards on online books though, they also accept cashiers checks, wire transfers, and money orders. The minimum and maximum deposits can range though from anywhere between $20 up to roughly $25,000.

How To Bet On The College Football Playoff

The Straight Moneyline

The most important concept in CFP wagering is the moneyline. All wagers have attached moneylines, which show the ratio of how much a wager costs to how much it pays out. Moneylines work like this: Each side of a bet has a number attached, which is either positive or negative. A positive number shows how much money you stand to earn on a $100 bet, while a negative number shows how much money you must wager to win $100. (Note that these amounts show the ratio of a bet’s buy-in vs. payout and are not betting minimums). Now then, in straight betting, a positive moneyline number denotes an underdog, while a negative moneyline number denotes a favorite. Take the following College Football Playoff straight bet:

In this example, Ohio State is the underdog. If you wager $100 on them, a win would pay out $240. Alabama, meanwhile, is the favorite. If you wager $290 on them, a win would pay out $100. You as the bettor will use these ratios and apply them to whatever amounts you risk. If you put $10 on Clemson, a win would yield $24, while a $10 bet on the Tide would pay out $3.45. These payouts don’t include your original risk, so expect that returned as well. All reputable books will show you how much you stand to win when selecting.

The Spread Bet

The spread bet is the most popular College Football bet type, and that goes double for a huge event like the CFP. Spread bets use handicapping to balance action on both sides of a given wager, and the moneyline – or bet cost – is typically the same on either side of said wager (usually set at -110). With spread betting, the presumed favorite will “give” points to the presumed underdog. A favorite then has to win by a given number of points to pay out, while the underdog can lose by a given number of points and still win the wager. 

 – Oklahoma Sooners -3.5 (-110) vs. Georgia Bulldogs +3.5 (-110)

In this matchup, the Sooners are favored by 3.5 points. This means that if you wager on OU, they’ve got to beat Georgia by at least 4 points to win the bet. Meanwhile, the Dawgs can win outright or lose by up to a field goal and still win the wager. Sportsbooks usually use half-point increments on these kinds of bets in order to avoid “push” results, where all action on a particular wager would be refunded. 

The Over/Under

The over/under is the third-most-popular CFP bet type. Over/under bets, also called totals bets, are not concerned with winners and losers, instead only focusing on the total combined points scored between both teams in a given matchup. Before the game, your book will assign the game an over/under number, and you simply place a wager on whether you think the two teams will combine to score more or fewer points than said number. 

 – Notre Dame vs. Ohio State O/U 48.5 (-110)

Here, the over/under (or O/U) number is set to 48.5 points, and the odds are posted at -110 on either side of the wager. If you pick the “over” and the final score is 27-23, that adds up to 50 points, so you’d win the bet. However, if you picked the “over” and the final score is 27-13, that adds up to 40 points, and you’d lose the wager. 

Prop Bets

Prop bets, short for “proposition bets,” are based on elements and outcomes of a given game that aren’t covered by the above bet types. Props are not concerned with which teams win or lose, instead focusing on individual or team-based performance thresholds within given contests. For example, you can place a CFP player prop bet on how many TDs a quarterback will throw or how many tackles a DB racks up during the game. Similarly, you can also place team props, which are just like player props but oriented around team performances. Team prop examples include things like how many total touchdowns one club will score, how many total kick-return yards a special teams will gain, or how many turnovers a defense will force. Because College Football Playoff games are so popular, you will also get a variety of game props to choose from. These are game-related wagers on things like which team will score first, which club will win the coin-toss, and so on.

Other Ways To Legally Bet On The College Football Playoff

In addition to all of the above, big games like those that make up the College Football Playoff will typically have lots of other bets you can place. There will be game specials, like how long the national anthem will run or what color outfit the halftime performer will wear. You can also assemble multiple individual wagers into parlay bets, where all legs have to win in order for your ticket to pay out. Most sportsbooks will allow you to stack all kinds of different CFP bets into parlays, with straights, spreads, totals, props, and specials all on the same ticket. Parlay bets are harder to win, but they pay out at much higher rates than their constituent bets. 

All that said, the most common type of CFP wager that doesn’t fall under the above categories is the futures bet. These bets will typically be available year-round, often posted a full year in advance of the CFP. Futures bets are basically long-term props. The most common NCAAF futures wagers are on which team will win the championship game and which player will take home the Heisman Trophy. 

Mobile Betting On The College Football Playoff

Mobile betting is available on the College Football Playoff in a small number of states that offer Internet-based betting (like Nevada and New Jersey), as well as at all the major offshore sportsbooks. While the state-based mobile betting platforms have official iPhone and Android apps, the offshore books actually make use of mobile web-app experiences to bring you all their odds and lines. These app-like interfaces require no downloads, are always automatically updated on the backend, and offer sports bettors in all 50 states quick, efficient odds browsing and ticket submission. To access any offshore book’s mobile betting portal, simply visit the site of your choice via your smartphone’s or tablet’s web browser, and you’ll automatically be redirected to a small-screen optimized mobile sportsbook interface. From there, you can tap and swipe your way to big College Football Playoff winnings!

College Football Playoff Live Betting

CFP live betting, aka in-game betting, is a major sensation, as live wagering in general has taken the sports betting world by storm. Whereas traditional sports betting requires you to have all your bets turned in and finalized before a given game gets underway, live betting allows you to wager on lines all game long. All of the major offshore sportsbook operators offer live betting, and almost all land-based sportsbooks do, as well. When live betting, all the typical wager types (straights, spreads, totals, props) will be offered, and these will dynamically adjust as the game is being played, in real-time! Live betting adds hundreds of lucrative and exciting betting opportunities to every game, and there’s no more immersive way to bet on the College Football Playoff than to do so via live betting.

Legal College Football Playoff Betting FAQ’s

Do all sportsbooks offer College Football Playoff odds?

Unfortunately, no. Many states with regulated sports betting do not allow for local college teams to be bet on. This is supposedly to maintain the integrity of the local teams and an attempt not to encourage point-shaving by players. The good news is, international sports betting sites offer betting lines for all college games regardless of what state you are in. No matter what, you can bet on your local teams with no restrictions thanks to international betting sites being unaffected by US regulations. These sites can provide betting lines for every game in the NCAA.

Why is it important to shop lines on the College Football Playoff?

Shopping lines is incredibly important if you want to get the most bang for your betting buck. Because sportsbooks compete with each other for your business, you are rarely going to find exactly the same odds at any two books, whether on-land or online. As a result, whenever you see a bet you’d like to go on, it’s important that you compare the odds on that wager across as many books as possible. After all, if one book has the Sooners at -175 and another has them at -135, you’d be leaving a lot of money on the table by going with the former. The biggest edge any College Football Playoff bettor can get is to join multiple sportsbooks to shop lines for the best payouts.

How do I pick the best CFP sportsbook bonus?

The best College Football Playoff sportsbook bonus will depend on how often – and how much – you wager. If you only bet a small amount of cash on a few big events each year, you should not accept bonuses generally speaking. However, if you’re a high roller or wager frequently, bonuses can add lots of value to your bankroll. Bovada has the easiest bonus for new bettors and small spenders, as it tops out at $250 and only has a small 5X rollover. For big spenders, of course, sites like BetOnline and SportsBetting offer $1,000 bonuses, though these come with 10X rollover requirements. No matter which bonus you’re looking to accept, always be sure you fully understand your sportsbook’s bonus terms and conditions.

What is the best way to withdraw my College Football Playoff winnings?

If you’re using a land-based or state-licensed (i.e. domestic) online sportsbook, the best way to withdraw is going to be via checks, eChecks, PayPal, prepaid cards, or – in some cases – cash. However, if you’re using offshore sportsbooks, there is only one option if you want to be paid out ASAP: Bitcoin (or other supported cryptocurrencies). Offshore books will pay your winnings out via other methods like money orders or courier checks, but these take up to two weeks to show up stateside. If you want same-day payouts from offshore books, crypto is the only option. Please note that in order to withdraw via crypto, you will have had to make the associated deposit via crypto first.

Does the favorite usually win its College Football Playoff games?

The CFP was installed in 2014, and in that time, there have been a total of 15 games. Of these, the outright favorite has a record of 9-6 (60%). When measured against the spread (aka ATS), however, the favorite has only covered the spread six times in 15 chances. Thus, College Football Playoff favorites are 6-9 ATS, meaning that they cover only 40% of the time. Going back into the sport’s CBS days, favorites have won the NCAAF national championship nine times in 16 tries (9-7, 56%) and are 8-8 ATS (50%). Combining just the BCS and CFP title games, the favorite is 11-10 straight up (52%) and 8-13 ATS (38%). Since 1999, then, favorites have had a tiny edge outright while consistently failing to cover the spread.