Updated College Football Playoff National Championship odds released after Week 5

Following a thrilling Week 5 of College Football action, the national championship odds over at Vegas Insider have adjusted once again. This time around, there’s nearly a three-horse tie for the top spot. Tri-favorites, according to the folks out in the desert. With no other team clocking in at lower than +1000.

So check out the three teams at the top and the rest of the possible (though unlikely) title-winners behind them.

Vegas Insider College Football Championship Odds

Georgia: +202

Ohio State: +206

Alabama: +214

Clemson: +1220

USC: +1660

Michigan: +2040

Utah: +5100

Oklahoma State: +5200

Tennessee: +5400

Ole Miss: +7600

Penn State: +8800

Oregon: +9620

UCLA: +10020

TCU: +11000

Washington: +27000

Kansas State: +28750

NC State: +300000

Mississippi State: +30000

There you have it. Georgia, Ohio State and Alabama are neck-and-neck-and-neck for the title race in the eyes of Vegas, with the Dawgs owning the slight edge with the lowest odds at +202 to repeat as champs. They and Alabama actually took small hits in the odds this week compared to last. Due to Georgia’s dicey road win vs. Missouri, where they got down 13-0 and looked vulnerable all night. Meanwhile, Alabama saw Heisman-winning quarterback Bryce Young go down, which is obviously a huge cause for concern.

Those tough breaks for the two SEC schools and last year’s champ and runner-up were good news for Ohio State, though, as they leapt Alabama and make a sizeable jump up in odds.

One surprise may be Clemson, who is typically a factor right alongside the Georgia’s, Alabama’s and Ohio State’s of the world. But their odds are all the way down at +1220, roughly sextuple the odds of the other three mainstay powers. And after they just defeated ranked NC State and Wake Forest teams in back to back weeks. In theory, the hardest part of the Tigers’ schedule is behind them. So why so low still? Vegas must not trust that Clemson offense compared to the others. Because it sure seems like Dabo Swinney’s club will at least make the Playoff.

After that, the odds start getting pretty long. Though USC does get a nice shout with the fifth-highest odds at +1660. But you can almost guarantee, given recent history, that one of those top three or four will be taking home the trophy.