The first-ever 12-team College Football Playoff is upon us. Arguments aside, Oregon and Georgia are the top seeds at Nos. 1 and 2, and the other two teams that receive a bye to the quarterfinals are No. 3 seeds Boise State and No. 4 Arizona State. Below are the College Football Playoff matchups, spreads, odds and totals, as well as updated National Championship odds.

Oregon is the only undefeated team in college football. Despite this and as the No. 1 seed in the CFP, Georgia and Texas are co-favorites to win the National Championship at +360, just ahead of Oregon (+370), according to FanDuel Sportsbook odds.

Georgia just beat Texas 22-19 in overtime in the SEC championship game.

College football playoff odds, matchups, TV schedule

College football Opportunities from FanDuel Sportsbook are updated regularly and are subject to change, including props and live betting. Bet types, odds and Terms with listed point spreads on favorites and over/under game totals included in playoff seedings. Always east.

First round (Dec 20-21)

• No. 7 Notre Dame (-7.5) vs. No. 10 Indiana, 51.5 | South Bend, IN | 8 p.m. | ABC/ESPN (Friday)
• No. 6 Penn State (-7.5) vs. No. 11 SMU, 53.5 | State College, PA | 12 p.m. | TNT
• No. 5 Texas (-11.5) vs. No. 12 Clemson, 54.5 | Austin, TX | 4 p.m. | TNT
• No. 8 Ohio State (-7.5) vs. No. 9 Tennessee, 47.5 | Columbus, OH | 8 p.m. | ABC/ESPN

Quarterfinals (December 31 – January 1) – All games will be televised on ESPN

• Fiesta Bowl: No. 3 winner Boise State vs. Penn State/SMU (Dec. 31) | Glendale, AZ | 7:30 p.m
• Peach peel: No. 4 winner Arizona State vs. Texas/Clemson (Jan. 1) | Atlanta, GA | 1 p.m
• Rose bowl: No. 1 winner Oregon vs. Ohio State/Tennessee (Jan. 1) | Pasadena, California | 5 p.m
• sugar bowl: No. 2 winner Georgia vs. Notre Dame/Indiana (January 1) | New Orleans, LA | 8:45 p.m

Semifinals (January 9-10)

• Orange peel: 7:30 p.m. Thursday, January 9th | ESPN
• Cotton bowl: 7:30 p.m. Friday, January 10 | ESPN

CFP National Championship

• 7:30 p.m. Monday, January 20 | ESPN
• Mercedes-Benz Stadium in Atlanta, Georgia

College Football Playoff Championship Odds

Current National Championship odds, courtesy of FanDuel Sportsbook.

• +360: Texas, Georgia
• +370: Oregon
• +500: Ohio State
• +600: Penn State
• +1200: Notre Dame
• +2800: Tennessee
• +4000: Indiana
• +4500: SMU
• +6000: Arizona State, Clemson
• +6500: Boise State

College Football Playoff Rankings

1. Oregon (13-0)
2. Georgia (11-2)
3. Texas (11-2)
4. Penn State 11-2)
5. Notre Dame (11-1)
6. Ohio State (10-2)
7. Tennessee (10-2)
8. Indiana (11-1)
9. Boise State (12-1)
10. SMU (11-2)
11. Alabama (9-3)
12. Arizona State (11-2)
13. Miamia (10-2)
14. Ole Miss (9-3)
15. South Carolina (9-3)
16. Clemson (10-3)
17. BYU (10-2)
18. Iowa State (10-3)
19. Missouri (9-3)
20. Illinois (9-3)
21. Syracuse (9-3)
22. Army (11-1
23. Colorado (9-3)
24. UNLV (10-3)
25. Memphis (10-2)

Follow all the NCAA Football matchups and odds and watch and bet on the action fueled by increased engagement, entertainment and interest in the College Football Playoff.

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