College football odds: Georgia, Alabama co-favorites to win championship during 2022-23 season

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The 2021-22 college football season came to a close on Monday night when Georgia beat Alabama 33-18 in the College Football Playoff finale to win its first national title in more than 40 years.

Now, the Bulldogs are facing another question as they revel in their glory: Can they do it again next season? Sportsbooks apparently like their chances, as Georgia (+200) opened as co-favorites to win a national title in 2022, per odds from FanDuel Sportsbook.

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The Bulldogs may need to rebuild their stellar defense a bit, as many of their starters will be heading to the 2022 NFL Draft, but the team has recruited well in recent years and will have plenty of depth to trust during the upcoming season. On offense, they'll have to replace quarterback Stetson Bennett IV, but they will retain most of their crop of young, talented receivers and tight ends. That will give them a chance to be a more potent scoring unit as players like Brock Bowers develop.

Georgia isn't the only SEC team expected to compete for a national title. Alabama (+200) matches Georgia's early season odds despite losing to them in the 2022 national championship game. Why? Because Heisman-winner Bryce Young is returning at quarterback, so that should keep Alabama's offense humming. Stud pass rusher Will Anderson is also not draft-eligible, so his return should make the defense a fearsome unit again.

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There are two other teams with better than 10-1 odds to win a championship. They are Ohio State (+800) and Clemson (+1000). Ohio State played very well after a slow start to the 2021 college football season and C.J. Stroud has the makings of the best quarterback in college football. Meanwhile, Clemson is coming off a down year, but Dabo Swinney's squad is still talented. They just have to adjust to having new coordinators on both sides of the ball after Brent Venables (Oklahoma) and Tony Elliott (Virginia) left to become head coaches.

Michigan (+4000) and Cincinnati (+20000), who made the CFP last season, are longer shots to make it this year. The Wolverines are among a group of five teams with the fifth-best odds to win a championship, but they are clearly behind Ohio State in the opinion of bookmakers. As for the Bearcats, they will probably have to go undefeated to make the College Football Playoff again, and sportsbooks aren't bullish on that happening as quarterback Desmond Ridder moves on to the NFL.

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Below is a look at FanDuel's odds to win a national title in the 2022 season. Only schools with 200-1 odds or better are listed.

College football championship odds 2022

Team Odds
Georgia +200
Alabama +200
Ohio State +800
Clemson +1000
Oregon +4000
Texas A&M +4000
Oklahoma +4000
Florida +4000
Michigan +4000
Miami (FL) +6000
Penn State +6000
Tennessee +8000
North Carolina +8000
USC +8000
Wisconsin +8000
Notre Dame +8000
Kentucky +10000
Texas +10000
Washington +10000
South Carolina +15000
Arkansas +15000
Michigan State 15000
LSU +15000
Auburn +15000
Arizona State +17000
Purdue +17000
Stanford +17000
Wake Forest +17000
Oklahoma State +17000
TCU +17000
Maryland +17000
UCLA +17000
Baylor +17000
Minnesota +17000
Mississippi State +17000
Utah +20000
Iowa +20000
Cincinnati +20000
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