Legal College Football Playoff Betting
Even though the College Football Playoff (or CFP) is a rather recent development, the year-end mini-tournament has already made its mark as one of the most anticipated sporting events of the year. Though limited to only the top four teams in NCAA Division I football, the interest generated by legal college football playoff betting rivals that of any major professional or amateur sports tournament. And, as with all other sports tournaments, the vast majority of the betting that takes place on the CFP occurs through the use of legal online sportsbooks. The Georgia Bulldogs defeated the Alabama Crimson Tide in the 2022 College Football Playoffs with thousands of wagers being placed on online sportsbooks throughout the game.
When looking to actually bet on the college football playoffs, you have come to the right place. Right here, you’ll find everything you need in terms of info for betting on CFP lines. You’ll find out that it is legal to bet on the CFP from anywhere in the United States regardless of whether your home state offers regulated sports betting or not. You will also find out what the current betting odds are as well as what types of bets can be made right on this page.
Best Sites For College Football Playoff Betting
While there are plenty of online gambling sites to place bets on the CFP, right here you will find some of the top options to place your bets. With sites Bovada, BetOnline, SportsBetting, and others, you will not only find some of the best college football odds that are available, but they also cater to new users as well with their promotions and wide variety of deposit options. One great way to take advantage of all that they have is by signing up for multiple CFB betting sites and taking advantage of each of their bonuses. This allows you to shop lines between them in order to get the best odds.
Legal College Football Playoff Betting At Bovada
As one of the original legal online sportsbooks, Bovada has a history and a reputation second to none. With a legendary management team and the most accessible Internet interface, Bovada is the industry leader for all things sports betting. Signing up is fast and direct, and new users can receive a $250 Sports Welcome Bonus to put towards their first wagers. If you only choose one online destination to put money on the NCAA, legal College Football Playoff betting at Bovada is the way to go. (Please note: Bovada is currently unavailable to residents of DE, MD, NV, NY, and NJ.)
Legally Bet On The College Football Playoff At SportsBetting
SportsBetting caters to any sports bettor in the United States with the exception of those in New Jersey. The experience is first-class all around, with industry-leading options and menus boasting dozens of bet types for each and every event. The brand’s mobile interface is extremely simple and straightforward, making gambling on your favorite collegiate team a breeze. SportsBetting also offers new customers a slew of bonuses, including a 75% Welcome Bonus, a 100% Bitcoin Bonus, and a world-first 25% Bonus For Life program.
Top Sportsbooks for College Football Playoff Betting
Types Of Legal College Football Playoff Bets
If you’re already familiar with online sports betting in general, you should have no trouble understanding the basics when it comes to wagering on the CFP. Like regular-season games, the types of legal College Football Playoff betting available is similar as they include moneyline odds, odds on the spread, game totals, futures odds, alternate spreads, player props, and more.
- Moneyline: Betting on the moneyline means that you are betting on the outright winner of the game no matter what the score is.
- Spread: Odds on the spread mean you are betting on how many points a team is going to win or lose by. You can bet on the winner winning by X amount of points or more or on the loser to lose the game by X points or less.
- Game Total: With these odds, you are betting on the combined points that are scored between both teams. You will bet on whether the combined score is over or under the set amount.
Alternate Spread: With the alternate spread, you can bet on different spreads for both the favorite and underdog of the game which come at different odds.
- Player Props: With player props, for offensive players like QBs, RBs, and WRs, you can bet on how many touchdowns they will score in the game as well as how many total yards they’ll be responsible for.
- Futures Odds: Futures odds are geared towards the National Championship game as you are betting on who is going to win the Championship. You can bet on these odds at any time during the season and the odds are continuously shifting.
Live Betting On The College Football Playoff
Aside from the basic wager types, one of the most engaging ways to wager on the CFP is via live betting (or in-game betting). Live betting on the College Football Playoffs is 100% legal, and you can do it from anywhere. All you need is an account at a top online sportsbook like Bovada or SportsBetting, a computer or mobile device, and an Internet connection.
The advantages of live betting on the CFP are that, instead of being limited to pre-action bets on performances and scores, you can actually immerse yourself completely in the game by wagering on literally every single snap. A persistent Internet connection makes this possible, and all the best online betting shops have dedicated systems to ensure that you get the most up-to-date odds on every new down. With CFP live betting, you can choose from among literally hundreds of unique wagers for every single football game. And more chances to wager means more chances to win.
Mobile Betting On College Football
It is already known that players can place bets on their favorite college teams and with online sportsbooks like Bovada, BetOnline, and others, being able to use your mobile phone for college football betting is very huge. It is already good for players to be able to access their accounts at their own home and place bets. This means that players can leave and run errands and still have access to their sportsbook account and be able to place bets at any time. So don’t worry, if the game is about to kick-off and your not home, just take out your phone and you will be able to place that bet you have confidence in.
Current College Football Playoff Betting Odds
Futures odds on the College Football Playoffs are available all year round and are first posted following the end of the National Championship game from the year prior. The college football playoff games are two of the six New Year's six bowl games. For the 2022-23 season, the two games that will make up the playoffs are the Fiesta Bowl in Phoenix and the Peach Bowl in Atlanta. The 2023 National Championship Game will be played in SoFi Stadium in Los Angeles. As the odds sit right now, the Alabama Crimson Tide are the favorites to win and are followed by the defending champions, Georgia Bulldogs.
2022-23 National Championship Odds
- Alabama +225
- Georgia +350
- Ohio State +525
- Texas A&M +1200
- USC +1200
- Clemson +1500
- Michigan +3500
- Notre Dame +3500
- Wisconsin +3500
- Oklahoma +4000
- Oregon +4000
- Utah +4000
How To Legally Bet On The College Football Playoffs
If you’re getting ready to wager on the big games for the first time, you definitely want to make sure you stick with legal College Football Playoff betting. If you live in Nevada, doing so is easy enough, as the state has a monopoly when it comes to on-site sports gambling. However, you can also make legal wagers on the CFP by using a legal online sportsbook. These businesses operate overseas, and they’re exempt from the various anti-sports-betting laws that govern the other 49 US states. Because of this offshore sports betting “loophole,” it’s perfectly within the letter of the law to bet on the CFP – and any other competitive event – simply by signing up at one or more online betting shop.
How To Deposit Into Legal College Football Playoff Sportsbooks
Generally speaking, it’s a simple thing to deposit into legal College Football Playoff sportsbooks like Bovada, et al. While each site has its own varying limits on deposit types and amounts, they all cover the basics, making it easy for just about anyone to put a few bucks into their accounts.
That said, it is important to remember that legal College Football Playoff betting is a time-sensitive proposition, as the tournament is fast approaching. As such, you’ll want to use as fast a deposit method as possible. Since things like money orders, wire transfers, and personal checks all take up to two weeks to clear (and come with exorbitant processing fees), it’s best to deposit funds into your legal online sportsbook of choice via credit, debit, or Bitcoin. These methods carry much faster transfer times and much smaller fees, making them ideal for safe, secure funding at all reputable Internet betting shops.
How To Collect Your Legal College Football Playoff Winnings
Once you’ve cleaned up big-time, you’ll no doubt want to know how to collect your legal College Football Playoff winnings. Unfortunately, this process is slightly more limited than the deposit avenue, simply because you usually can’t receive your payouts via credit or debit card chargebacks. Thus, you’re essentially limited to requesting a courier check or bank transfer. Again, these methods are slow and expensive.
Fortunately, there is a better way. If you use a cryptocurrency like Bitcoin (SportsBetting also accepts Litecoin), you can receive your winnings directly. Instead of waiting to collect your cash for a week or more, Bitcoin transfers typically take less than half an hour to go through, and you’ll avoid all the pesky processing charges that would otherwise eat into your profits. Even better, Bitcoin itself is a potentially lucrative investment, and it’s quite possible that your winnings would appreciate dramatically if placed in that system. Sure, it might be a gamble, but that’s what you’re here for, right? Honestly, nothing goes better with legal College Football Playoff betting than Bitcoin – It’s as if the two were made for one another.
Legal College Football Playoff Betting FAQs
Is Betting On The College Football Playoff Against The Law?
Absolutely not. You cannot be arrested for betting on the College Football Playoff, unless you get caught up using a local bookie in a state where such activities are against the law. As long as you stick to doing all your sports gambling at a trustworthy Internet betting shop, you can enjoy the pastime without fear of government reprisal.
Is Betting On The College Football Playoffs Safe?
As with all things, putting action on the College Football Playoffs is only as safe as you yourself make it. If you use a top online sportsbook like Bovada or SportsBetting, and you do not risk more money than you can afford to lose, then yes, legal College Football Playoff betting is perfectly safe – and a whole lot of fun.
What Is The Minimum Age To Legally Bet On The College Football Playoffs?
Since most states do not explicitly cite a minimum age to legally bet on the College Football Playoffs (or any other sporting event), it is generally advised that you wait until you’re at least 21 years old to sign up and play. That said, the minimum age for membership at Bovada and SportsBetting is only 18, so even if you aren’t 21 yet, at least you won’t be running afoul of those sites’ terms of service.
Do I Have To Pay Taxes On My Winnings?
Yes. Definitely. Absolutely. The surest way to spur the hides of the powers that be is to deny them their unfair share of your earnings. As such, Uncle Sam has carved out a special place in his IRS’ system of nonsense for gamblers – sports and otherwise – to claim their income. Form 1040 and Form W-2G are the requisite documents to satisfy these requirements. Remember, legal College Football Playoff betting is by no means a legal tax dodge. As long as you keep clear records of your gambling wins and losses, you shouldn’t have any problems come April 15.