Week 7 of the 2026 college football season delivered one of the wildest Saturdays in recent memory, and the national championship odds board is still catching its breath. Five top-10 teams went down on October 18, including No. 1 Georgia, No. 2 Notre Dame, No. 5 Indiana, No. 6 Alabama and No. 7 Texas, according to Sports Illustrated.
The carnage reshuffled the futures market overnight. Ohio State held serve as the favorite at +430 after ending Indiana's long winning streak, while undefeated Miami sits fourth on the board at +650 despite being in line for the No. 1 spot in the new AP Poll. For Iowa fans tracking the Hawkeyes, the shake-up matters: Iowa now sits at +10000 to win it all, a longshot number that looks a lot better than it did before Saturday's chaos.
How the Week 7 Upsets Moved the Odds
Every ranked loss on Saturday sent ripples through the betting market. Here is how the major results shifted the numbers, per Sports Illustrated:
- Indiana: The Hoosiers shortened from +1000 to +850 despite losing to Ohio State, because so many other contenders lost around them.
- BYU: The Cougars stunned Notre Dame and jumped from +8000 to +4500, one of the biggest moves of the week.
- Alabama: Back-to-back losses dropped the Crimson Tide from +950 to +1100.
- Tennessee: The Volunteers beat Alabama and improved from +6000 to +4000.
- Ole Miss: The Rebels knocked off Missouri in a top-25 matchup and moved from +2700 to +1700, looking like one of the best teams in the SEC.
- Georgia: The Bulldogs lost to Auburn but barely moved, slipping from +490 to +500.
- Florida: The Gators stunned Texas, sending the Longhorns from +900 to +1600 and saving Florida's season. The Gators moved from +8000 to +6000.
Ohio State Still the Team to Beat
The Buckeyes entered the week as the favorite and did nothing to lose that status. Ohio State survived Indiana's challenge to stay at +430, the shortest number on the board. Both Ohio State and Miami are in position to be the No. 1 team in the new AP Poll, though the undefeated Hurricanes are expected to claim the top spot.
Miami's situation is unusual. The Hurricanes are the top undefeated team in the country, yet oddsmakers keep them fourth at +650, behind Ohio State, Notre Dame and Georgia. The reason is a soft ACC schedule that offers no real test until Miami faces Notre Dame later in the 2026 season.
Notre Dame, for its part, remains second at +490 despite the BYU loss. The Fighting Irish still control their own path, with the Miami showdown looming as one of the biggest games left on the calendar.
Where the Defending Champions Stand
Indiana is the defending national champion, having beaten Miami 27-21 last season to complete a perfect 16-0 campaign,