Penn State overtakes CFP odds, LSU holds steady

As we head into Week 5 of the 2025 college football season, we have a fresh favorite in the CFP Championship odds.  

Penn State was second on the board last week, but the Nittany Lions have moved past rival Ohio State (who slipped into a tie for fourth) and ahead of Texas and Oregon, which are tied for second.

There’s not much separating the top-tier teams, as there are six school with odds between 6/1 and 9/1

Here are some notes on the odds changes after Week 4.

CFP

• Penn State moved past Ohio State as the favorite.

• Biggest risers:

• Miami from 12/1 to 9/1.

• Oklahoma from 25/1 to 16/1.

• Florida State from 66/1 to 40/1.

• Missouri from 75/1 to 50/1.

• Indiana from 125/1 to 40/1.

• Biggest fallers:

• Clemson from 40/1 to 750/1.

• Nebraska 150/1 to 400/1.

• Baylor from 200/1 to 500/1.

• Auburn from 40/1 to 66/1.

• SMU is now off the board.

Heisman

• John Mateer is still the favorite, but Fernando Mendoza comes out of nowhere to take the second spot on the board.

• Biggest risers:

• Fernando Mendoza from 25/1 to 15/2 (+750).

• Josh Hoover from 50/1 to 12/1.

• Haynes King from 40/1 to 25/1.

• Dylan Raiola 40/1 to 66/1.

• Biggest fallers:

• Devon Dampier from 18/1 to 66/1.

• LaNorris Sellers from 66/1 to 100/1.

• Jackson Arnold from 22/1 to 33/1.

CFP future lines are subject to change and can always be found here: https://www.betonline.ag/sportsbook/futures-and-props/ncaaf-futures/college-football-championship.

Heisman future lines are also subject to change and can always be found here: https://www.betonline.ag/sportsbook/futures-and-props/ncaaf-futures/heisman-trophy.

2025 CFP Championship

2025 Heisman