It's going to be Oregon vs. Alabama for the championship, according to odds posted by Bovada. The Ducks are listed at 9/2 to win the championship, topped only by Alabama's 2/1.
Defending champion Florida State, which has won 27 in a row, is listed at 6/1. Ohio State is fourth at 7/1. Mississippi State, which is ranked fourth by the selection committee at the time of this post, is tied with Baylor at 8/1.
The Heisman race is down to Marcus Mariota of Oregon and Melvin Gordon of Wisconsin. Mariota is listed at 1/3 and Gordon 2/1.
Complete odds after the jump.