2024 College Football Playoff odds: Who will emerge from the semifinals?

2024 College Football Playoff odds indicate that four teams are vying for the national title as the semifinal round approaches.

Here’s a closer look at the odds for the upcoming semifinal games at DraftKings Sportsbook as of Jan. 2, along with essential insights about each matchup.

No. 7 NOTRE DAME (-1.5, -120) vs. No. 6 PENN STATE (+100)
Capital One Orange Bowl
Jan. 9, 7:30 p.m. ET, ESPN
O/U: 47.5

What to know: The matchup between Notre Dame and Penn State is expected to be a tactical battle, featuring two defenses that have only allowed a combined 51 points in four College Football Playoff games. Notre Dame’s standout victory against SEC champion Georgia, winning 23-10 in the quarterfinals, gives them a slight edge. The Fighting Irish began as narrow favorites, but the betting line may experience fluctuations as the game approaches. Notably, Notre Dame achieved victories over four ranked teams during the regular season, while Penn State managed just one win against ranked opponents, suffering defeats in their other two ranked matchups.

No. 8 OHIO STATE (-6, -225) vs. No. 5 TEXAS (+185)
Goodyear Cotton Bowl
Jan. 10, 7:30 p.m. ET, ESPN
O/U: 53.5

What to know: The performances of Ohio State and Texas leading up to this semifinal showcase contrasting narratives. Ohio State faced No. 1 Oregon in the Rose Bowl, dominating the game with a 34-0 lead in the second quarter and ultimately winning 41-21. Conversely, Texas battled No. 4 Arizona State, where they initially led 24-8 but required two overtimes to secure a 39-31 victory. As a result, Ohio State enters this matchup as a solid favorite and is also favored to win the College Football Playoff title. A key player to watch is freshman wide receiver Jeremiah Smith, who excelled against Oregon with 187 receiving yards and two touchdowns. If Texas cannot contain Smith, it could spell trouble for their chances.

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