2024 College Football Playoff odds: Oregon favored; Texas, Georgia tied

The third College Football Playoff bracket was revealed on Tuesday, and based on the odds, the playoff picture is becoming much clearer. 

Oregon's odds to make the CFP shortened to -20000 from -6000 after keeping the No. 1 ranking for the third week. 

The 11-0 Ducks' most recent win was their 16-13 victory over Wisconsin in Week 12.

Second on the board is Ohio State.

The Buckeyes moved from -3000 after defeating Northwestern 31-7.

The Playoff is officially expanding to 12 teams this year, meaning an early-season loss or midseason conference loss might not torpedo a program's chances of competing for a national title, like in years past.

That's an important note, considering a few big-name programs have already suffered defeats.

Let's check out the odds to make the 12-team Playoff at DraftKings Sportsbook as of Nov. 20.

BETTING FAVORITES TO MAKE 12-TEAM CFP PLAYOFF FIELD: 

Oregon: -20000 (bet $10 to win $10.05 total)
Ohio State: -10000 (bet $10 to win $10.10 total)
Texas: -3000 (bet $10 to win $10.33 total)
Georgia: -3000 (bet $10 to win $10.33 total)
Penn State: -2000 (bet $10 to win $10.50 total)
Alabama: -1000 (bet $10 to win $11 total)
Ole Miss: -500 (bet $10 to win $12 total)
Notre Dame: -450 (bet $10 to win $12.22 total)
Indiana: -450 (bet $10 to win $12.22 total)
Boise State: -400 (bet $10 to win $12.50 total)
Miami: -160 (bet $10 to win $16.25 total)
Tennessee: -320 (bet $10 to win $17.41 total)
Colorado: +100 (bet $10 to win $18.33 total)
SMU: +100 (bet $10 to win $20 total)
Clemson: +260 (bet $10 to win $36 total)
BYU: +330 (bet $10 to win $43 total)
Texas A&M: +350 (bet $10 to win $45 total)

Texas and Georgia are third and fourth on this board, tied at -3000.

The Longhorns moved from -2500 after the latest bracket. But the Dawgs saw their odds shorten considerably, moving from -500 over the last week. 

Other notable shifts on this board include Alabama moving to -1000 from -400 and BYU shifting to +330 from -115.

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