Preseason Odds
- As of Jul 15, 2006
| Championship Odds | Record | |
|---|---|---|
| Notre Dame | +450 | 10-3 |
| Ohio State | +500 | 12-1 |
| Oklahoma | +700 | 11-3 |
| Texas | +1000 | 10-3 |
| Florida | +1000 | 13-1 |
| West Virginia | +1200 | 11-2 |
| USC | +1200 | 11-2 |
| Miami (FL) | +1800 | 7-6 |
| Florida State | +2000 | 7-6 |
| Auburn | +2000 | 11-2 |
| Michigan | +2000 | 11-2 |
| LSU | +2500 | 11-2 |
| California | +4000 | 10-3 |
| Penn State | +4000 | 9-4 |
| Nebraska | +4000 | 9-5 |
| Iowa | +4000 | 6-7 |
| Louisville | +4000 | 12-1 |
| Tennessee | +4000 | 9-4 |
| Virginia Tech | +5000 | 10-3 |
| Georgia | +5000 | 9-4 |
| Arizona State | +5000 | 7-6 |
| Oregon | +10000 | 7-6 |
| Texas A&M | +10000 | 9-4 |
| Texas Tech | +10000 | 8-5 |
| UCLA | +10000 | 7-6 |
| Boston College | +10000 | 10-3 |
| Alabama | +10000 | 6-7 |
| Texas Christian | +20000 | 11-2 |
| South Carolina | +20000 | 8-5 |
| Purdue | +20000 | 8-6 |
| Virginia | +20000 | 5-7 |
| Wisconsin | +20000 | 12-1 |
| North Carolina State | +20000 | 3-9 |
| Michigan State | +20000 | 4-8 |
| Maryland | +20000 | 9-4 |
| Georgia Tech | +20000 | 9-5 |
| Colorado | +20000 | 2-10 |
| Clemson | +20000 | 8-5 |
| Arkansas | +20000 | 10-4 |
| Arizona | +20000 | 6-6 |
| Pitt | +30000 | 6-6 |
| Iowa State | +30000 | 4-8 |
| Oregon State | +50000 | 10-4 |
| Northwestern | +50000 | 4-8 |
| Fresno State | +50000 | 4-8 |
| BYU | +50000 | 11-2 |
| Hawaii | +100000 | 11-3 |
| Nevada-Las Vegas | +200000 | 2-10 |
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