Big Ten teams hold a modest edge in the conference-to-win-national-championship market at 41.5% implied probability, narrowly ahead of the SEC at 37%, reflecting the conference’s three consecutive national titles from 2023–2025. Multiple Big Ten programs—Ohio State, Oregon, and defending champion Indiana—occupy the top spots in preseason polls and national title futures, backed by strong returning talent and playoff projections that underscore depth at the elite level. The SEC counters with Georgia and Texas as primary threats, yet the league’s longer title drought and mixed head-to-head results against top Big Ten squads keep the race tight. FBS independents, led by Notre Dame, and the ACC add further dispersion at lower probabilities, as the wisdom of crowds prices the matchup as highly competitive heading into the season.