Alabama took down Notre Dame in the first College Football Playoff semifinal game on New Year’s Day, and, while the Fighting Irish are good, that result wasn’t much of a surprise.

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Ohio State beating Clemson in the second semifinal matchup of the day wasn’t a big shocker either because going into the game, it seemed like it could have gone either way. But the Buckeyes absolutely dominating the Tigers and winning by 21 points as seven-point underdogs was unexpected.

So the Crimson Tide and the Buckeyes will face off in the College Football Playoff national championship game. Ohio State is playing for its first title since the 2014-15 season, while Alabama is looking for its third championship under the playoff format.

Going into the playoff semis, the Crimson Tide had a 52.4 percent chance to win the national championship, and Ohio State had just a 21.0 percent chance, per ESPN’s FPI. A day after both teams advanced to the title game, Alabama now has a 61.5 percent chance to win it.

And as of Saturday, the sportsbooks still have Alabama as the favorite to win it all too. Here’s a look at the lines for the 2020-21 national championship game, according to BetMGM.

No. 1 Alabama Crimson Tide (12-0) vs. No. 3 Ohio State Buckeyes (7-0)

Date: Monday, January 11, 2021Location: Hard Rock Stadium, Miami Gardens, FloridaTime: 8 p.m. ETChannel: ESPNMoneyline: Alabama -275 Ohio State +210Spread: Alabama -7Under/over total: 76.5

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While the NFL is the most wagered upon sport in North America, college football is the most exciting brand of football you can watch on TV. The passion these kids play with is second to none and the century old rivalries amongst some of college's elite programs makes that one game a season sometime mean so much more than a national title. Since Michigan is generally out of the CFP discussion by November, there game against Ohio State is the be all and end all of their season. Michigan wants to beat Ohio State so badly, that some of the fan base would be considered there season a success if that's the only marquee win on the schedule.

If you don't know some of the history of college football, I suggest looking into it. If you are like everyone else who reads this piece and want to understand how to bet on the basic college football options, you can keep reading. If you are a little more seasoned, you can skip down to the advanced wagering options by clicking here. If you want to know how to lay a few bets down on the futures market, I suggest you click here.

Betting on the Money Line in College Football

As a concept, this is the simplest wager you can make on any game in any sport. The money line betting option allows you to place a bet on the team you think is simply going to win the game. In college, this bet includes overtime. Unlike the NFL, college football games cannot end in a tie due to their overtime format.

Example:

Alabama Crimson Tide: -450 ML
Kentucky: Wildcats +300 ML

The money line betting odds correlate to the listed point spread. In this example, Alabama are the favorites and you must wager $450 dollars to turn a profit of $100. If you are a homer or love betting on the underdog, the Wildcats will return you $300 for every $100 you wager on them if they pull off the upset.

Betting on the Point Spread

Regardless of if I am talking about the NFL, CFL, NCAA, Arena League or upcoming XFL, the point spread is the most popular wagering option for bettors who love to test football betting skills. The point spread is an indication of which team is the favorite and underdog heading into their matchup.

A negative betting line such as -7.5 indicates that the favorite team is expected to not only win the game outright, but win by eight or more points. On the flip side, positive betting lines such as +7.5 indicate a team's underdog status. Not only is the underdog expected to lose, but they are expected to lose by at least eight points.

When looking over betting options for the college football, you will come across lines that look like the following:

Alabama Crimson Tide -7.5 (-110)
Kentucky Wildcats: +7.5 (-110)

Depending on which side you select, your team must 'cover the spread' in order for your wager to be graded a winner.

If you choose to take Kentucky +7.5, you will be a winner if either of these two scenarios play out. The first being Kentucky wins the game outright by any score. The second being Kentucky loses by seven or fewer points, thus 'covering' the +7.5-spread.

If you decided to wager on Alabama as -7.5-point favorites, they must win by eight or more points in order for wager to be graded as a winner.

One thing to keep in mind when betting on the point spread is that the point spread moves up or down depending on how much action a certain side is receiving. If you are able to lock in your bet at -7.5 and the line goes down to -5.5, your ticket would only be a winner if your team won by eight or more points. If they won six or seven, they would have beat the closing spread of -5.5, but your odds are locked in from the time your ticket is printed or you click place bet.

Betting Game Totals

Despite being classified as the same sport, NFL and college football totals are apples and oranges. In college, it's easy to spot the teams that play absolutely zero defense. The scores from their games are typically in the 70's/80's on a consistent basis. In the NFL, there were only a handful of games that games that reached those totals. College football is more receptive to the spread offense, which is why sportsbooks have no choice but to inflate totals to try and cover their own butts.

Let's look at an example of a game total:

Texas Tech Red Raiders/Oklahoma Sooners – 'Over' 78.5 -110, 'Under' 78.5 -110

If you bet the 'over' 78.5, there must be a total of 79 points or more scored in the game in order for you to be a winner. If there are 78 or fewer points scored, then those who bet on the 'under' will cash their tickets.

If totals are whole numbers such as 78 or 80 and the total happens to land exactly on the number, your bet, regardless whether it's an 'over' or 'under' bet, will be graded as a push and your money will be returned to you.

Advanced College Football Wagering Options

Advanced wagering options in college football are nearly identical to those of the NFL. The only thing you will not find in a sportsbook in relation to college football is the 'First Touchdown Scorer or Anytime Touchdown Scorer' market. Below are some of the more popular wagering options.

Team totals

This works almost exactly like the game total, but revolves around one team instead of both. With the 'team total' wagering option, you are essentially betting on whether you think Team X will score more or less than the line given out by the sportsbooks.

Example:

Texas Tech Team Total: 'Over' 35.5 -110, 'Under' 35.5 -110.

In this case you have two options. You can bet them to score 36 or more points or 35 or fewer. The decision is ultimately up to you. This bet also includes overtime, unless otherwise stated in the betting rules provided by your sportsbook of choice.

First Half Spread

The 'first half spread' betting option is a trickier form of betting the full-game point spread. This option takes into account the score at half time in order to determine a winner. The first half spread is usually half of what the full game spread is.

Example:

Alabama -3.5 1H
Kentucky +3.5 1H

Depending on what side you are on, the score going into half time is what is used to determine a winner. If the score is 31-21 in favor of Alabama, bettors holding an Alabama -3.5 1H ticket are winners since they were able to cover the -3.5- first-half spread.

As I mentioned above, the first half point spread is typically half of what the full game line is.

Player Props

There are only a handful of sportsbooks that offer up player props in college football, but they are nowhere near as extensive as the NFL player props. Typically, there will be props offered on one or two superstars per team and the lines will typically be inflated depending on who is playing.

Examples:

Jalen Hurts: 'Over' 18.5 completions -110, 'Under' 18.5 completions -110
Nick Chubb: 'Over' 74.5 rushing yards -110, 'Under' 74.5 rushing yards -110
Calvin Ridley: 'Over' 4.5 receptions -110, 'Under' 4.5 receptions -110

For each of these three player prop options, each player must go 'over' or 'under' the posted line. If you think Hurts will complete at least 19 passes, you would take the 'over'. If you think Ridley will be held to four or fewer catches, you would bet the 'under'.

A futures bet is a wager placed in the time leading up to the start of the event on a team or player that you believe is going to win their respective competition. Heading into the 2018/19 College Football season, the CFP futures odds look like this:

2019 College Football Champions: Alabama +200, Clemson +700, Georgia +700, Ohio State +700, Michigan +1400, Penn State +1600, Oklahoma +2500, Wisconsin +2500, Florida State +2800, etc.

In order for you to successfully cash your ticket, you must correctly choose the team that will hoist the CFP trophy at the conclusion of next year's College Football Playoffs.

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Team Win Totals

This is another popular type of futures bet amongst pro handicappers. The concept is straight forward. Every sportsbook will put out a 'win total' for every team long before the season begins. Handicappers must simply decide whether they believe that team will exceed the posted win total or fall short of it.

Example:

Alabama Crimson Tide Win Total: 'Over' 11.5 wins -110, 'Under' 11.5 wins -110

If Alabama wins at least 12 games, the 'over' would cash. If they win 11 or fewer, the 'under' would cash.

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