2024 College Football Playoff odds: Who will get out of the first round?

We’ve ranked the last 12 teams in college football.

The College Football Playoff bracket was revealed on Sunday, and the newly-formatted tournament to determine college football’s next champion is about to begin.

First, the first round.

There will be four matches, with the quarterfinals on the line. Let’s check out the odds for each game at DraftKings Sportsbook as of Dec. 8, and what we need to know about each game.

No. 12 CLEMSON (+300) @ No. 5 TEXAS (-10.5, -380)
4 p.m. ET, TNT/MAX
IO/U: 52.5

What you need to know: Clemson is the ACC champion, and Texas came up short in the SEC title game against Georgia. So why are the Tigers on the road to take on the Longhorns? However, they lost as one of four conference champions to earn a bye, perhaps due to three regular season losses, including a 34-3 loss at the hands of Georgia. The Longhorns have lost twice to the Bulldogs this season, once by 15 earlier this year, and the second time by three in overtime in the SEC Championship Game.

No. 10 INDIANA (+245) @ No. 7 NOTRE DAME (-8.5, -305)
8 p.m. ET, ABC/ESPN
IO/U: 51.5

What you need to know: Indiana won’t have to go far to take on the Fighting Irish in this internal battle. The Hoosiers are one of the surprising teams this season, finishing the regular season 11-1. However, the Irish did the same, and after a shocking loss at Northern Illinois back in September, ND has been burning opponents, so much so that those losses are not mentioned. In its last five regular season games, Notre Dame has averaged 47.2 points per game. Meanwhile, Indiana has been putting up big numbers of its own — beating Purdue 66-0 in the regular-season finale — but the Hoosiers are undefeated this season. In fact, they only played one ranked team, a 38-15 loss to Ohio State in a game that was never that close.

No. 11 SMU (+240) @ No. 6 PENN STATE (-8, -298)
Noon ET, TNT/MAX
IO/U: 52.5

What you need to know: SMU lost to Clemson by three in the ACC title game, and was the last team to enter the field, knocking off three-loss Alabama. Its reward? A trip to Happy Valley, to face a Penn State team that has lost two games this season to Ohio State and Oregon, by a combined 15 points. SMU has no wins over a team that finished the regular season ranked in the top 25, and Penn State has one, over No. 20 Illinois.

No. 9 TENNESSEE (+220) @ No. 8 Ohio STATE (-7.5, -270)
8 p.m. ET, ABC/ESPN
IO/U: 46.5

What you need to know: A heavyweight matchup between two rivals from the SEC and Big Ten. Tennessee went 10-2 on the season, while playing in the SEC gauntlet, while Ohio State won over two other CFP participants in Penn State and Indiana. Both of the Volunteers’ losses this season have come on the road, and the Buccaneers have lost once at home – but it was a bad loss. How will Ohio State bounce back from a 13-10 loss to rival Michigan to close the regular season? In a game where the Buckeyes are favored by nearly three touchdowns?

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