Georgia’s 2023 title odds dropped sharply as preseason bettors hammered Alabama

Bettors are fading the Bulldogs.

Georgia winning the 2022 National Championship did little to inspire confidence in bettors that the Bulldogs could repeat in 2023. Likewise, it’s not stopping the money from rolling in on the runners-up.

Not only have bets on Alabama to win next season’s national championship far exceeded bets on Georgia, but other schools are also seeing more action at multiple sportsbooks. In fact, Georgia doesn’t rank in the top 10 of bets received at Tipico. Ohio State, USC, Florida and Clemson have all received more action.

In the immediate aftermath of this year’s title game, Georgia and Alabama opened in a tie for the best odds to win the 2023 title at +200. Ohio State was a distant third at +800. As of Friday, Alabama’s odds stand alone as the favorite at +180, followed by Ohio State at +320, then Georgia, which moved up to +330.

The Bulldogs are getting a little more respect from bettors at Caesars, but that’s relative. Since being tied with Alabama as +325 co-favorites in January, Georgia has fallen to +400 and third-shortest behind Alabama and Ohio State.

In part spurred by a $100,000 bet on June 30, the Tide’s odds dropped to +180 at Caesars and Ohio State is second-shortest at +375. In addition to the Buckeyes, Texas A&M, LSU and USC have also been ticketed more than Georgia. And the Aggies join Alabama and Ohio State in having more money wagered.

Georgia has moved to third-shortest at most other sportsbooks too, though they remain in a tie for second at BetMGM with +350 odds.

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