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Alabama, Michigan top latest Vegas odds

Christian Petersen / Getty Images Sport / Getty

Alabama remains the favorite to repeat its title in 2016, but Michigan has made a big jump in the latest set of national championship odds to sit just behind the Crimson Tide.

Nick Saban's team currently sit as the 5-1 favorite after opening as 6-1 shortly after their College Football Playoff win over Clemson. The Wolverines jumped from 15-1 all the way to 7-1 to come in slightly ahead of the Tigers, Ohio State, and Florida State. Michigan hasn't won the Big Ten since 2004, but look poised to turn things around under Jim Harbaugh.

School Opening Odds Current Odds
Alabama 6-1 5-1
Michigan 15-1 7-1
Clemson 7-1 8-1
Ohio State 10-1 8-1
Florida State 15-1 8-1
Oklahoma 7-1 10-1
Tennessee 15-1 12-1
LSU 15-1 12-1
Notre Dame 15-1 20-1
TCU 30-1 25-1
Washington 40-1 25-1
USC 60-1 25-1

*Odds via Westgate Las Vegas Superbook

USC saw the biggest move, coming in at 25-1 after opening in January at 60-1, while Baylor's decision to terminate Art Briles has seen the Bears odds go from 12-1 all the way to 40-1.

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