Typically each side of a spread will carry odds of -110, meaning a $110 bet would payout $100 for both sides. Meanwhile an Penn State spread bet would payout if Penn State either won the game or lost by 5 or fewer points. In order for a spread bet on Wisconsin to win, they must win the game by 6 or more points. In this example Wisconsin are 5.5 point favorites (Penn State have a 5.5 point handicap). This allows bettors to bet on whether they think the underdog will keep the game closer than the spread amount or if the favorite will win by more than the given handicap. Spread betting is the most popular form of college football betting because it gives the underdog team a handicap, which puts both teams on an even playing field. Each of these betting options are explained in detail below (with examples). Spread betting is the most popular form of college football betting, while money line and over/under bets are also quite popular among bettors. It’s important that you understand the college football betting options that are available to you. This years National Championship game will feature #1 ranked. The 2023 College Football National Championship game will be played at SoFi Stadium in Inglewood, California this Monday, January 9th, 2023.