College Football futures odds

The national champion, the Heisman Trophy and conference winners, when the books price them.

When the national championship game is played in January; the Heisman is awarded in December.

A futures market prices a whole field at once, and the book adds its margin to every team or player in it. Add up the chances a book’s prices imply and they come to well over 100%, often far more than on a single game. Most of that margin usually sits on the longshots.

Each sportsbook’s field is de-vigged on its own, so its chances add up to the number of winners (one champion, four top-four places, the relegated clubs), then the books are combined. Win totals and make-the-playoffs markets are paired instead, over against under and yes against no, on the same line only. The method is the one behind every no-vig price on vigged.

Futures move in hours, not seconds, and each price shows when it last changed.

When Kalshi or Polymarket lists the same market, its price is shown beside the books after the trading fee, as on game pages. A Kalshi price is ranked with the books when enough money sits behind it.