How Vegas handicappers rank top 25 college football teams

How does Ohio State rank after its loss to Penn State? AP Photo/Andy Manis

Welcome to the CFB Vegas rankings, an attempt to rank the top teams in college football from a Vegas perspective. They are the composite power ratings of Bruce Marshall's The Gold Sheet, Phil Steele and ESPN's Football Power Index (FPI).

Alabama remains at No. 1, extending its lead over the field to 4.6 points. However, after Ohio State's upset loss to Penn State, there is a new team at No. 2: Michigan. Surprisingly, despite last week's results, Ohio State still has better odds to win the College Football Playoff than any team in FBS other than Alabama.

Note: All futures odds courtesy of the Westgate Las Vegas SuperBook.

1. Alabama Crimson Tide (Rating: 63.9; Last week: No. 1)

Alabama has been a double-digit favorite over a ranked team in each of the past three weeks, and all three times Nick Saban's team covered the spread. The Tide's lead over the rest of the field is the biggest it's been all season in these power ratings, and its odds to win the title have jumped to 8-5. Alabama gets its first bye week this week before traveling to LSU.