Michigan FB
Michigan FB

What Are The Odds

What the market actually thinks, priced in real money rather than argued about. Refreshed weekly.

Prices read from Kalshi on Sep 21, 2026

Championship

Win the national title

Kalshi ↗
2.5%
+0.07 days+0.030 days
5%2.5%0%
Jan 22, 2026Sep 21, 2026
Market 2.0% to 3.0%Vig-adjusted 2.2%Field priced at 112%10th of 51 in the field1,326,349 contracts traded

If Michigan wins the College Football Playoff National Championship Game, then the market resolves to Yes.

Making the playoffs

Make the College Football Playoff

Kalshi ↗
20%
-2.57 days-5.030 days
60%30%0%
Feb 16, 2026Sep 21, 2026
Market 19% to 20%12 of 51 qualify, so this book is not a 100% field and is left unadjusted20th of 51 in the field64,098 contracts traded

If Michigan is one of the teams to qualify for the College Football Playoffs, then the market resolves to Yes.

Division and conference

Win the Big Ten

Kalshi ↗
3.5%
+0.07 days-2.030 days
25%12.5%0%
Feb 8, 2026Sep 21, 2026
Market 3.0% to 4.0%Vig-adjusted 3.6%Field priced at 99%6th of 18 in the field119,649 contracts traded

If Michigan wins the 2026 College Football Big Ten Championship Game, then the market resolves to Yes.

Individual awards

Underwood wins the Heisman

Kalshi ↗
0.5%
+0.07 days-1.030 days
10%5%0%
Jan 15, 2026Sep 21, 2026
Market 0.0% to 1.0%Vig-adjusted 0.5%Field priced at 99%31st of 39 in the field407,721 contracts traded

If Bryce Underwood wins the College Football Heisman Trophy in the 2026-2027 college football season, then the market resolves to Yes.

How to read these

A Kalshi contract pays $1 if it happens, so its price is the implied probability directly: 4 cents is a 4 percent chance. The headline figure is the midpoint of the live bid and ask, which is a price someone will actually trade at right now, not a last trade that may be days old.

Prices across a field sum to more than 100 percent, because that gap is the market's margin. Where exactly one entrant can win, the vig-adjusted number divides that margin out. Where several qualify, such as making the playoffs, the field is supposed to sum well above 100 percent and no adjustment is made.

This is published as information, not as a betting tip, and nothing here is advice.