College Football 2026 — game books, conferences and the Heisman

Georgia is the favorite on both exchanges: 17.5% on Kalshi, 16.45% on Polymarket. Kalshi's national championship board turned $1,294,742 today on $37.1M of open interest. Ohio St. is up to 16.5%, one point behind; Texas is 13.5%, Notre Dame 11.5% and Miami 10.5%, and Miami was the busiest leg at $200,619.

The Heisman board moved most. It turned $861,173, and Jeremiah Smith has gone from 23.5% to 47.5%; Darian Mensah is 13%, CJ Carr and Keelon Russell 9.5% each.

Saturday's game books are done, and the page moves to October 10. Georgia–Alabama is the game of the week: Georgia 52.5%, Alabama 47.5%, on $48,982 so far. Maryland–Ohio St. is not a contest at 99% for Ohio St., and $43,418 of its $52,563 went to Maryland at 1%.

Utah has taken the lead on the Big 12 board, 34.5% to Texas Tech's 27.5%.

Below: the title boards cross-exchange, two legs of Kalshi's, next Saturday's games, the Georgia–Alabama ladders, the conference boards, and the Heisman.

The 2027 national championship boards, cross-exchange. Kalshi: $1,294,742 today, Georgia the favorite at 17.5%. Polymarket: $39,757 today, Georgia the favorite at 16.45%. Kalshi outtrades Polymarket about thirty to one. The venues agree on the leader and on the top five names, and differ on the order behind Georgia: Kalshi has Ohio St. second at 16.5%, Polymarket has Texas at 15.5% and Ohio State at 13.5%.

Two legs of Kalshi's title board. SMU is 1% on $1,029 of volume, with $761,261 of open interest still on it. LSU is 5.5% on $21,130 of volume and holds $2,890,134, more open interest than any of the board's five highest-priced teams.

Both are positions taken when the teams had a better case. The board has repriced; the money has not left.

Georgia–Alabama settles Saturday, October 10, and has turned $48,982: Georgia 52.5%, Alabama 47.5%, with the money split almost evenly, $25,989 against $23,288.

Beside it, Maryland–Ohio St., $52,563: Ohio St. 99%, and $43,418 of the day on Maryland at 1%. Volume on a one-cent leg is as likely to be positions closing as a bet on the upset.

The Georgia–Alabama spread board has turned $3,761, and half of it is on one rung: Georgia wins by over 1.5 at 50% with $1,875. Georgia by over 2.5 prices 48.5% and Alabama by over 1.5 47%: the market's line is close to a pick'em.

The total-points ladder has turned $2,373. Over 45.5 prices 78.5% and Over 48.5 72.5%. Both boards settle Saturday night ET.

Big Ten: Ohio St. 46%, Indiana 21.5%, Oregon 19.5%, on $70,826. Nebraska at 2% holds $174,503 of open interest and UCLA at 3.5% holds $149,461, each more than three times what sits on Ohio St.

Big 12: Utah 34.5%, Texas Tech 27.5%, BYU 18%, on $79,384. Utah has moved from two points behind to seven ahead, and Baylor at 5% was the busiest leg shown at $10,379. The board holds $2.96M of open interest, more than two and a half times the Big Ten's.

Georgia–Alabama and Maryland–Ohio St. settle Saturday, October 10. The title, conference and Heisman boards all run to the postseason.

• Georgia 52.5% over Alabama. The one live coin flip on the page, with the spread board's Georgia by over 1.5 at 50%.
• Ohio St. at 16.5% on Kalshi's title board, one point behind Georgia at 17.5%.
• Jeremiah Smith at 47.5% on the Heisman board, double his price a day ago, on $148,239; Keelon Russell at 9.5% took almost as much, $147,619.
• Maryland's $43,418 at 1%. Most of the game book, on the side priced at nothing.
• Utah at 34.5%, now seven points ahead of Texas Tech on the Big 12 board.