College football playoff rankings week 11 2026: Georgia takes No. 1, unbeaten Utah is No. 2, and the title market still prices the Utes at 3.5%
Georgia moved up after a 42-7 win over Ole Miss, while Utah stayed perfect by beating BYU, with quarterback Devon Dampier throwing for two touchdowns and running for two more, according to Bleacher Report. Under the 12-team format, NCAA.com notes, Georgia, Utah, Alabama and UCLA currently hold the four first-round byes. Kentucky at No. 11 is the last team in, Texas Tech at No. 12 is the first team out, and Boise State at No. 24 holds the Group of 6 automatic bid. This is the second of six rankings. Our preview from Tuesday set out what the committee had to decide.
What the market is pricing
National championship prices, read from BetG8's live board at 07:23 UTC on November 11, alongside the committee's order:
| CFP rank | Team (record) | Polymarket | Kalshi |
|---|---|---|---|
| 1 | Georgia (8-1) | 29.5% | 29.5% |
| 2 | Utah (9-0) | not listed | 3.5% |
| 3 | Alabama (7-2) | 11.5% | 11.5% |
| 4 | UCLA (9-0) | not listed | 3.5% |
| 5 | Notre Dame (8-1) | 18.5% | 18.5% |
| 6 | Texas (7-2) | 8.8% | 8.5% |
| 7 | Miami (8-1) | 9.8% | 9.5% |
| 8 | Tennessee (7-2) | not listed | 1.5% |
| 9 | Indiana (8-1) | 6.9% | 7.5% |
Notre Dame's Kalshi price was 17.5% at 03:47 UTC, shortly after the release, and has since matched Polymarket at 18.5%. The other prices were unchanged over that window. The full list, including LSU (2.2% / 2.5%) and Oregon (1.9% / 2.5%), is on the live college football championship odds page.
Why the No. 2 team is a long shot
The committee ranks what teams have done so far; a title price has to cover winning up to four playoff games, likely against the best teams on the board. Markets are effectively saying that Utah's and UCLA's unbeaten records come with less proven strength than Notre Dame's or Miami's losses. Two programs seeded below them in the rankings, Notre Dame and Miami, are priced several times higher. A 3.5% Kalshi price works out to about +2757 in American odds. The absence of Utah and UCLA from Polymarket also matters: with only one venue quoting them, there is no second price to cross-check, and thin order books can leave a long-shot quote stale.
The biggest moves in the rankings
Per NCAA.com, Oregon climbed seven places to No. 16 as the highest-ranked three-loss team, Tennessee rose five to No. 8 after wins over Kentucky and Alabama, and Ole Miss (down nine to No. 19) and Ohio State (down eight to No. 20) fell furthest. Indiana dropped from No. 4 to No. 9 after a bye week. The SEC has nine ranked teams, the Big Ten and Big 12 six each. On the market side, the moves were smaller than the ranking shuffle: Miami at 9.8% is still priced above Texas and Indiana despite its fall to seventh.
What to watch next
The third rankings are due Tuesday, November 17, at 9 p.m. ET, per FBSchedules, with selection day on Sunday, December 6. Watch whether Utah and UCLA stay unbeaten and whether Polymarket adds either team, which would give a second price. Watch Notre Dame's price as it approaches a first-round bye, and the bubble between Kentucky, Texas Tech and Wake Forest, where one result can change the field.
Method and limits
Prices come from BetG8's live board, which reads Polymarket and Kalshi every five minutes, so a reading can lag by up to that interval. "Not listed" means the venue had no market for that team when we read it. Rankings and records are from NCAA.com; game details are from Bleacher Report; the release schedule is from FBSchedules. Prices are not forecasts, and nothing here is betting advice.
LIVE MARKETCollege Football National ChampionTrade on Polymarket →Related
- College football championship odds, live
- CFP rankings preview: a new No. 1
- Kalshi vs Polymarket odds
- Implied probability explained
Frequently asked questions
Who is No. 1 in the College Football Playoff rankings?
Georgia (8-1) is No. 1 in the second rankings released November 10, 2026, ahead of Utah (9-0), Alabama (7-2) and UCLA (9-0).
What are Utah's national championship odds?
At 07:23 UTC on November 11, 2026, Kalshi priced Utah at 3.5% to win the national title. Polymarket did not list Utah. That is a market price, not a prediction.
Who is the favorite to win the college football national championship?
Georgia, at 29.5% on both Kalshi and Polymarket, followed by Notre Dame at 18.5% and Alabama at 11.5%.
Sources
- NCAA.com, Georgia, Utah lead second College Football Playoff rankings of 2026
- Bleacher Report, College Football Playoff 2026 rankings released ahead of Week 11
- BetG8, College football championship odds, read 07:23 UTC, November 11, 2026
- FBSchedules, College Football Playoff sets 2026 rankings release schedule
18+ only. This page reports market prices and published facts; it is not betting, financial or legal advice, and prices are not predictions. If gambling stops being fun, help is available at 1-800-GAMBLER.