On January 2, 2024, the top-ranked Michigan Wolverines are the early favorites for the College Football Playoff National Championship against No. 2 Washington. Oddsmakers have predicted that the winner of the Michigan-Alabama showdown in the Rose Bowl would likely be the favorite in the title game.
Michigan and coach Jim Harbaugh managed to defeat Alabama in a 27-20 overtime thriller. This victory has solidified their position as frontrunners for the championship. Coach Harbaugh had high praise for his quarterback, J.J. McCarthy, hailing him as one of the greatest quarterbacks in University of Michigan college football history.
On the other hand, Washington’s quarterback, Michael Penix Jr., put on a dazzling performance in the Sugar Bowl, throwing for 430 yards and two touchdowns. The Huskies also managed to fend off an improbable last-minute comeback to win over No. 3 Texas.
The Wolverines are seeing significant early action in the betting world, with ESPN Bet confirming taking a $1.35 million moneyline wager on Michigan. As a result, almost 70% of the money taken on the title bout has been on Michigan, showing overwhelming support for the Big Ten champs.
In terms of the over/under for the championship game, almost 80% of the early bets and 94% of the money have been on the over, indicating high expectations for an exciting, high-scoring game.
The CFP Semifinals on New Year’s Day were reported as largely successful for oddsmakers. While Alabama accounted for the bulk of the Rose Bowl money and tickets, Washington’s victory was also supported, with late money coming in from sharps to favor the Huskies.
Ultimately, the upcoming championship game will feature the Big Ten against the Pac-12, but Washington is set to join the Big Ten next season. This move may have future implications for the dynamics of college football.
As Michigan and Washington prepare to battle for the national championship, the sports world is abuzz with anticipation for what promises to be an intense and thrilling showdown.