The College Football National Championship game between top-ranked Michigan and second-ranked Washington is expected to draw a massive number of wagers from bettors worldwide. Michigan (14-0, Big Ten) is looking to cap off their undefeated season with a win in what may be coach Jim Harbaugh’s final game leading the Wolverines from Ann Arbor. Washington (14-0, Pac-12) is also undefeated and hoping to secure a national championship victory.
According to BetMGM, Michigan is the favorite heading into the game. The sportsbook has reported that 53% of the bets and 56% of the overall money wagered are in favor of Michigan. The Wolverines are currently favored by 4.5 points on the spread and have a moneyline of -190, with the Huskies at +170.
Michigan advanced to the championship game after a thrilling 27-20 victory over Alabama in the CFP semifinal, a game that covered the spread for Wolverines backers. Washington also secured their spot in the championship after defeating Texas 37-31 in the Sugar Bowl as 4.5-point underdogs.
As for notable bets, BetMGM has revealed that its largest bet on the game is $100K on Washington being spotted 4.5 points, with another $4,000 futures bet placed on the Huskies in September that could net $80K with a Washington win. There is also a $1,000 bet on Michigan winning the championship, which could net $10K.
Tonight’s game is historic for another reason as well. For the first time in college football history, the NCAA title game will feature two schools from states where sports betting is legal in some form. Michigan and Washington are both home to legal sports betting options, allowing fans to place wagers in their home states. However, the venue of the national championship in Houston, Texas, does not permit legal sports betting, as sports betting is currently prohibited in the state.
With the stage set for a thrilling matchup, fans and bettors are eagerly anticipating the showdown between Michigan and Washington to see who will emerge as the 2023-24 College Football National Champion.