Preseason Odds
- As of Aug 30, 2012
| Championship Odds | Record | |
|---|---|---|
| USC | +400 | 7-6 |
| Alabama | +550 | 13-1 |
| LSU | +550 | 10-3 |
| Oklahoma | +1000 | 10-3 |
| Oregon | +1200 | 12-1 |
| Florida State | +1400 | 12-2 |
| Georgia | +1600 | 12-2 |
| Arkansas | +1800 | 4-8 |
| Virginia Tech | +2500 | 7-6 |
| Notre Dame | +2800 | 12-1 |
| Texas | +2800 | 9-4 |
| South Carolina | +3300 | 11-2 |
| Michigan | +3300 | 8-5 |
| Clemson | +3300 | 11-2 |
| West Virginia | +3300 | 7-6 |
| Nebraska | +4000 | 10-4 |
| Texas Christian | +5000 | 7-6 |
| Florida | +5000 | 11-2 |
| Wisconsin | +6000 | 8-6 |
| Kansas State | +6000 | 11-2 |
| Auburn | +6000 | 3-9 |
| Michigan State | +6600 | 7-6 |
| Boise State | +6600 | 11-2 |
| Mississippi State | +8000 | 8-5 |
| Oklahoma State | +8000 | 8-5 |
| Stanford | +10000 | 12-2 |
| Tennessee | +10000 | 5-7 |
| Washington | +10000 | 7-6 |
| Missouri | +10000 | 5-7 |
| Iowa | +10000 | 4-8 |
| Cincinnati | +10000 | 10-3 |
| California | +10000 | 3-9 |
| Pitt | +12500 | 6-7 |
| South Florida | +12500 | 3-9 |
| Miami (FL) | +12500 | 7-5 |
| Texas A&M | +12500 | 11-2 |
| Georgia Tech | +15000 | 7-7 |
| BYU | +15000 | 8-5 |
| Arizona | +15000 | 8-5 |
| Oregon State | +20000 | 9-4 |
| Illinois | +20000 | 2-10 |
| UCLA | +20000 | 9-5 |
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