ATHENS — Georgia ranks third among CFP championship contenders to win the national title, per the FanDuel Sportsbook.

Ohio State is the betting favorite, at +250, while top-seeded Indiana — which beat the Buckeyes 13-10 in the Big Ten championship game — is second at +270.

The No. 3-seeded Bulldogs (12-1) received a first-round bye and open play in the CFP quarterfinal Sugar Bowl in the Caesars Superdome at 8 p.m. on Jan. 1 against the winner of the first-round game between Tulane (11-2) and Ole Miss (11-1).

Georgia’s odds of winning the national title are +550 — not considerably greater than they were at the start of the season (+700, per DraftKings.com) behind favorites Texas and Ohio State.

The Rebels, led by first-time head coach Pete Golding after Lane Kiffin’s departure for LSU, beat the Green Wave 45-10 earlier this season and are a 17.5-point favorite to beat Tulane again when the teams play at 3:30 p.m. on Dec. 20.

The Bulldogs are on the same side of the 12-team CFP bracket as playoff favorite and No 2-seed Ohio State (13-0) and could face the Buckeyes in the Fiesta Bowl in Glendale, Ariz., on Jan. 8 with a win in the Sugar Bowl.

Ohio State plays in the Cotton Bowl on Dec. 31 against the winner of the first-round game between No. 7-seed Texas A&M (11-1) and No. 10-seed Miami (10-2) that will take place at noon on Dec. 20.

Based on the odds, Georgia got the easier quarterfinal game as the No. 3 seed than Ohio State did as the No. 2 seed. Texas A&M carries +1600 championship odds, and Alabama has the same title-winning odds as Ole Miss (+2000).

Here’s a look at the opening betting lines on the first-round games and the CFP championship odds, from FanDuel.com:

CFP First-Round betting lines

CFP Championship odds