Michigan State is the favorite for the CFP National Championship, but there are plenty of bets on Washington State too
No. 1 Michigan (14-0, Big Ten) looks to complete its run tonight with a win over No. 2 Washington (14-0, Pac-12) in the College Football National Championship game in Houston Undefeated record. Bettors are expecting the Wolverines to fire coach Jim Harbaugh in style. Many expected this to be his last game leading Ann Arbor.
BetMGM announced the news just before 7:30pm on Monday morning. Michigan dominates its tickets and handle in the ET opener.
The Wolverines accounted for 53 percent of championship game bets and 56 percent of total bets, according to sportsbooks. Michigan leads Washington state by 4.5 percentage points.
As for the moneyline, the Wolverines are the favorite at -190, while the Huskies are the Dogs at +170. A winning bet on these lines will pay out $52.63 and $170 respectively. Washington state attracted more moneyline bets, at 65 percent, but money was still concentrated in Michigan, at 53 percent.
Michigan beat Alabama 27-20 in overtime at the Rose Bowl in the CFP semifinals, closing the gap for Wolverines supporters. Washington State defeated Texas 37-31 in the Sugar Bowl. The Huskies trail the Longhorns by 4.5 points.
Heading into the 2023-24 college football season, Michigan is 10/1 (+1000) to win the title and Washington is 30/1 (+3000) to win.
Notable Bet
BetMGM said its biggest bet on Monday night's college football championship game is $100,000, betting that Washington will fall by 4.5 points. The sportsbook also placed a $4,000 futures bet on the Huskies in September at +2,000 odds, returning $80,000 if Washington wins.
BetMGM confirmed it also accepted a $1,000 bet on Michigan State winning its first college football national championship since 1997 at +1,000 odds, which would net a profit of $10,000.
Bettors are expecting a big night from Washington quarterback Michael Penix Jr.BetMGM says one of the favorite props tonight is Penix throwing for 297.5 yards (-115).
Michigan State running back Blake Corum is also highly expected to score the first touchdown of the game (+275) and to score a touchdown at some point in the game (-350). Corum Lines are two of BetMGM’s most popular props.
Legal Sports Betting States
For the first time in college football history, the NCAA Championship Game will feature two schools from states where sports betting is legal in some form.
Michigan is home to in-person and online sports betting, while tribal casinos in Washington state allow sports betting. Bettors in Washington must visit a tribal sportsbook to place legal sports bets on the matchup between the Wolverines and Huskies.
Nationwide, 37 states plus Washington, D.C. offer legal sports betting. Twenty-eight of those states and Washington, D.C., allow online sports betting as long as the bettor is physically located in the state.
While fans from Michigan and Washington can legally bet on sports in the states where their schools are located, that's not the case in Houston, home of the national championship, as Texas continues to ban legal sports betting. NRG Stadium is home to the NFL's Houston Texans and hosts the biggest college football game of the year.
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