Preseason Odds
- As of Jul 15, 2008
| Championship Odds | Record | |
|---|---|---|
| USC | +300 | 12-1 |
| Oklahoma | +600 | 12-2 |
| Florida | +600 | 13-1 |
| Ohio State | +800 | 10-3 |
| Georgia | +800 | 10-3 |
| LSU | +1200 | 8-5 |
| Missouri | +1500 | 10-4 |
| West Virginia | +2000 | 9-4 |
| Texas | +3000 | 12-1 |
| Clemson | +4000 | 7-6 |
| Virginia Tech | +4000 | 10-4 |
| Penn State | +5000 | 11-2 |
| Auburn | +5000 | 5-7 |
| Illinois | +5000 | 5-7 |
| Michigan | +5000 | 3-9 |
| Wisconsin | +6000 | 7-6 |
| Alabama | +6000 | 12-2 |
| Florida State | +6000 | 9-4 |
| Kansas | +7500 | 8-5 |
| South Carolina | +7500 | 7-6 |
| California | +10000 | 9-4 |
| Arizona | +10000 | 8-5 |
| Arizona State | +10000 | 5-7 |
| Wake Forest | +10000 | 8-5 |
| Virginia | +10000 | 5-7 |
| UCLA | +10000 | 4-8 |
| Texas Tech | +10000 | 11-2 |
| Tennessee | +10000 | 5-7 |
| South Florida | +10000 | 8-5 |
| Rutgers | +10000 | 8-5 |
| Kentucky | +10000 | 7-6 |
| Oklahoma State | +10000 | 9-4 |
| Georgia Tech | +10000 | 9-4 |
| Notre Dame | +10000 | 7-6 |
| Iowa | +10000 | 9-4 |
| Michigan State | +10000 | 9-4 |
| Miami (FL) | +10000 | 7-6 |
| Louisville | +10000 | 5-7 |
| Kansas State | +10000 | 5-7 |
| Oregon State | +20000 | 9-4 |
| Oregon | +20000 | 10-3 |
| Boston College | +20000 | 9-5 |
| Nebraska | +20000 | 9-4 |
| Arkansas | +20000 | 5-7 |
| North Carolina State | +30000 | 6-7 |
| Boise State | +30000 | 12-1 |
| Texas A&M | +30000 | 4-8 |
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