There are now six undefeated teams in college football after five lost this past weekend. One of the teams that lost, Miami, was among the favorites to win the national title. The loss to Louisville has shifted that picture.

Ohio State (+275) is still the favorite to win the national title on BetMGM. Alabama remains second at +600. The Crimson Tide have four straight wins against ranked opponents.

Miami was in the third spot, but is now viewed as less likely to win the national title than Notre Dame, a two-loss team the Hurricanes beat. Miami’s odds dropped from +800 to +1500. Notre Dame is at +1200.

Indiana is now in the third spot (+900), ahead of Georgia, Oregon and Texas A&M, which are all at +1000.

You can argue about the order and the numbers, but those top eight teams are logical. Notre Dame is the only two-loss team in that group, but the Fighting Irish beat USC, the last game on the schedule that was expected to be a challenge. It seems likely ND will make the 12-team Playoff.

The ninth team in the odds is that one that will get people fired up: Texas. Yep, 5-2 Texas, which just needed overtime to beat Kentucky, is only +1600 (16-to-1) to win the national title. It’s been said before on here, but the betting market is resistant to giving up on Texas. The odds don’t correlate with reality, but Texas was the most-bet-on team before the season on BetMGM, so it’s not a huge surprise to see sportsbooks preventing a team like that from becoming a total long shot, regardless of what the on-field product has looked like.

The Longhorns have three games against teams currently in the top 10 (Vanderbilt, Georgia, Texas A&M), so they will earn that spot or be removed from the race entirely. For what it’s worth, while Austin Mock’s projection model gives Texas a 13 percent chance of making the College Football Playoff, it also gives the Longhorns less than a 1 percent chance of winning the national title.

College Football Playoff odds

As always, the odds to make the CFP are more volatile and interesting. For starters, national title favorite Ohio State is not even on the board anymore. It’s a given that the Buckeyes will make the cut. OSU is on bye this week, but its next four opponents all have losing records (including next week’s opponent, Penn State).

Indiana remains in the virtual-lock category with -2500 odds. Alabama (-1400) and Texas A&M (-550) are approaching that status. Oregon (-400) and Georgia (-325) both have one loss and have tough games ahead, but it doesn’t look like there are multiple losses to come.

After that, it gets more fluid. Notre Dame (-300) is making the 0-2 to 10-2 fantasy a reality with every win. Initially, there might have been a concern that 10-2 wouldn’t be enough, but USC does look like a solid win, and Miami and Texas A&M still look like “quality” losses. Plus, the chaos around college football means a 10-2 Notre Dame might end up being a safe pick for the Playoff.

Speaking of Miami, the Hurricanes went from -3000 to now just -300 to make the CFP. That loss to Louisville not only dented Miami’s chances of making the ACC title game, but also put their resume into question. The thing is, Miami’s schedule isn’t that tough the rest of the way. A trip to SMU in two weeks could be tricky, but Miami will be favored in every remaining regular-season game. The flip side is, if Miami was capable of losing at home to Louisville as a two-touchdown favorite, nothing should be taken for granted. Plus, a second loss could be catastrophic, just like it was last year.

Texas Tech (-165) and Ole Miss (-125), both freshly knocked back from the unbeaten ranks, are the last two teams with minus-odds to make the CFP. That makes for 10 teams that are currently “expected” to make the CFP field. The way this season has gone, there’s a good chance one or more of those teams won’t end up making the final cut.

Take LSU as an example. The Tigers had minus-odds to make the CFP before the Ole Miss game a few weeks ago. With two losses now, LSU is a +1000 long shot to make the cut.

The current contending group is Georgia Tech (+125), Texas (+150), Oklahoma (+200), Missouri (+200), Vanderbilt (+225) and Louisville (+350).

Outside of the power conferences, South Florida (+110) is the clear favorite after Memphis and UNLV both suffered their first losses of the season. Memphis and USF meet this week in a massive game in the American race.