Updated College Football Playoff national championship odds after Week 2

September 12, 2022 7: 50 pm ET

After quite an eventful weekend of college football, there has not really been that much that has changed when it comes to the national championship outlook. Despite having to fight for their undefeated lives on the road against Texas last weekend, Alabama remains the betting favorite to win it all at the end of this college football season. But Georgia is breathing down the necks of the Crimson Tide.

The updated national championship odds from BetMGM also see Penn State starting to work its way up the board one small step at a time. Penn State still falls under the long shot category in the national championship picture right now, and they have the same odds as Arkansas, Miami, Oklahoma State, Tennessee, and Wake Forest for a better frame of reference where Penn State sits at this point in the season.

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Here are the latest national championship odds from BetMGM.

Alabama

Sep 10, 2022; Austin, Texas, USA; Alabama Crimson Tide running back Jase McClellan (2) runs for yards against against the Texas Longhorns during the first half at at Darrell K Royal-Texas Memorial Stadium. Mandatory Credit: Scott Wachter-USA TODAY Sports

National championship odds: +175

Georgia

Georgia running back Kenny McIntosh (6) celebrates with Georgia wide receiver Marcus Rosemy-Jacksaint (1) after scoring a touchdown during the first half of a college football game between Samford and Georgia in Athens, Ga., on Saturday, Sept. 10, 2022. Syndication: Online Athens

National championship odds: +200

Ohio State

Sep 10, 2022; Columbus, Ohio, USA; Ohio State Buckeyes linebacker Steele Chambers (22) celebrates his sack with linebacker Tommy Eichenberg (35) during the second half against the Arkansas State Red Wolves at Ohio Stadium. Mandatory Credit: Joseph Maiorana-USA TODAY Sports

National championship odds: +300

Clemson

Sep 10, 2022; Clemson, South Carolina, USA; Clemson Tigers running back Will Shipley (1) runs 17 yards for a touchdown against Furman Paladins cornerback Micah Robinson (14) during the second quarter at Memorial Stadium. Mandatory Credit: Ken Ruinard-USA TODAY Sports

National championship odds: +1,000

USC

Sep 10, 2022; Stanford, California, USA; USC Trojans quarterback Caleb Williams (13) throws the ball during the second quarter against the Stanford Cardinal at Stanford Stadium. Mandatory Credit: Stan Szeto-USA TODAY Sports

National championship odds: +1,200

Michigan

Sep 3, 2022; Ann Arbor, Michigan, USA; Michigan Wolverines defensive back Rod Moore (19) celebrates after he makes an interception in the first half against the Colorado State Rams at Michigan Stadium. Mandatory Credit: Rick Osentoski-USA TODAY Sports

National championship odds: +2,500

Oklahoma

Oklahoma’s Danny Stutsman (28) celebrates a sack on Kent State’s Collin Schlee (19) in the third quarter during the college football game between the University of Oklahoma and the Kent State Golden Flashes at the Gaylord Family Oklahoma Memorial Stadium in Norman, Okla., Saturday, Sept., 10, 2022. Syndication: The Oklahoman

National championship odds: +5,000

Utah

Sep 10, 2022; Salt Lake City, Utah, USA; Utah Utes running back Jaylon Glover (1) breaks a tackle by Southern Utah Thunderbirds cornerback Jake Narayan (36) at Rice-Eccles Stadium. Mandatory Credit: Rob Gray-USA TODAY Sports

National championship odds: +5,000

Arkansas

Sep 10, 2022; Fayetteville, Arkansas, USA; Arkansas Razorbacks quarterback KJ Jefferson (1) rushes in the fourth quarter against the South Carolina Gamecocks at Donald W. Reynolds Razorback Stadium. Arkansas won 44-30. Mandatory Credit: Nelson Chenault-USA TODAY Sports

National championship odds: +8,000

Miami

Sep 10, 2022; Miami Gardens, Florida, USA; Miami Hurricanes wide receiver Key’Shawn Smith (5) falls into the end zone for a touchdown after catching a pass against the Southern Miss Golden Eagles during the second half at Hard Rock Stadium. Mandatory Credit: Jasen Vinlove-USA TODAY Sports

National championship odds: +8,000

Oklahoma State

Oklahoma State’s Xavier Benson (1) and Sione Asi (99) bring down Arizona State’s Xazavian Valladay (1) during a college football game between the Oklahoma State Cowboys (OSU) and the Arizona State Sun Devils at Boone Pickens Stadium in Stillwater, Okla., Saturday, Sept. 10, 2022. Oklahoma State won 34-17. Syndication: The Oklahoman

National championship odds: +8,000

Penn State

Sep 10, 2022; University Park, Pennsylvania, USA; Penn State Nittany Lions quarterback Sean Clifford (14) throws a pass during the second quarter against the Ohio Bobcats at Beaver Stadium. Penn State defeated Ohio 46-10. Mandatory Credit: Matthew OHaren-USA TODAY Sports

National championship odds: +8,000

Tennessee

Sep 10, 2022; Pittsburgh, Pennsylvania, USA; Tennessee Volunteers wide receiver Cedric Tillman (4) reacts after scoring the game-winning touchdown against the Pittsburgh Panthers in overtime at Acrisure Stadium. Tennessee won 34-27 in overtime. Mandatory Credit: Charles LeClaire-USA TODAY Sports

National championship odds: +8,000

Wake Forest

Sep 10, 2022; Nashville, Tennessee, USA; Wake Forest Demon Deacons running back Quinton Cooley (28) runs for a touchdown during the second half against the Vanderbilt Commodores at FirstBank Stadium. Mandatory Credit: Christopher Hanewinckel-USA TODAY Sports

National championship odds: +8,000

Florida

Sep 10, 2022; Gainesville, Florida, USA; Florida Gators quarterback Anthony Richardson (15) throws the ball against the Kentucky Wildcats during the second half at Ben Hill Griffin Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports