Oregon is the new betting favorite to win the national title following Ohio State's loss to Michigan. OSU, Texas and Georgia are next.

Back in October, the Buckeyes suffered their first loss of the season, 32-31 in Eugene. It was a thriller of a game, coming down to the final seconds where quarterback Will Howard mismanaged the clock and slid down with time expiring, losing an opportunity to kick a game-winning field goal.

Even after a gutting loss to archrival Michigan, Ohio State football has the second-best odds to win the College Football Playoff championship

Oregon has topped the AP Top 25 college football poll for the seventh straight week, while Ohio State and Miami dropped down significantly when the rankings were released on Sunday.

Ohio State's loss to Michigan sent the Buckeyes tumbling down the US LBM Coaches Poll, while Texas moved up to No. 2 behind Oregon.

Ohio State, Miami and Clemson plunge in AP Top 25, 8 of the top 10 teams move up; Oregon is No. 1 for 7th straight week

Ohio State's offense isn't nearly as explosive as it was scheduled to be this fall under new quarterback Will Howard and a bevy of wideout talent, including five-star freshman Jeremiah Smith. Instead, the Buckeyes looked gunshy at times against Michigan, scared to throw downfield with an inconsistent signal caller.