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Alabama is always well-favored to win. (Getty Images)

We have all your Sports Betting Tips for the College Football Playoffs.

The entire NCAAF season is action packed, but there is just more action and prestige during the College Football Playoffs.

College football is a very popular betting sport and while there is a lot of betting action for the regular season there are more wagers available for the playoffs and this is especially the case for proposition bets, called prop bets, for the National Championship game.

How the College Football Playoffs Work

The College Football Playoff consists of only four teams that are the top four teams at the end of the season per the Bowl Championship Series (BCS) rankings.

There are national rankings throughout the season and near the end they start having the BCS rankings where at the end of the regular season the top four teams in those rankings advance to the College Football Playoff.

There has been a lot of controversy for the BCS rankings since they began in 1998, but those four teams are the ones that battle it out for the national title.

In the College Football Playoff, the top-ranked team of the four faces the 4th ranked team with the 2nd ranked team facing the 3rd ranked teams. These games are still bowl games, which rotate every year. The winner of those games then play each other in the National Championship Game where the winner is the undisputed National Champion of the college football season.

College Football Playoffs Betting Types

For the playoffs, they have all the bet types available for the regular season, but more of them when it comes to proposition bets. The most popular bets for the regular season and the playoffs are the spread and the totals bets.

Spread Betting

In the spread one team is the favorite and will be giving points and one team is the underdog and will be getting points. An example of a spread in a college football game looks like this:

Alabama -5.5 vs. Clemson +5.5

In this example Alabama is the favorite denoted by the – in front of the number and Clemson is the underdog denoted by the + in front of the number. In this example if you bet on Alabama they have to win by six or more points for the bet to be a winner and if you bet on Clemson they have to win or lose by fewer than 5 points for the bet to be a winner.

If the score of the game is Alabama 27 Clemson 20 the bet for Alabama would be the winning one, as they covered the spread winning by seven points, which is more than 5.5-point spread.

Totals Betting

The totals bet is simple to understand, as the sportsbook will set a total for the game in the total number of points scored in the game by both teams. All you have to do is bet if you think the total will go over or under the posted total. An example of a totals bet looks like this:

Alabama vs. Clemson 42.5

In using the example above and Alabama beats Clemson 27-20 the total number of points scored in the game is 47. Because of this the over would be the winning bet and the under would be the losing one.

For the spread and total a sportsbook will often put a .5 after the number, as that makes it so there can be no tie in the game.

Let’s say there is no .5 for a game where Oklahoma is favored by 3 points over Texas. Oklahoma wins the game 24-21 and they won by three points, which is exactly how many they were favored by. If this happens the bet is a push and you will get your original stake back.

Moneyline Betting

There is the moneyline also available for college football, as well as the playoffs, where you simple pick a winner and there is no spread. However, the favorite and underdog will have inflated odds since you are only picking a winner in the game.

For a moneyline bet you are betting more to win less taking the favorite and betting less to win more taking the underdog.

College Football Parlay Betting

A parlay bet is several games in one bet and you have to win them all for the bet to be a winning one. In a parlay, you can bet on the spread and totals and the more games in the bet the higher the payout is, but the more games you have in a parlay the harder it is to win the bet.

There are parlays available in the College Football Playoff, but not as many since there are only the semifinals games and then the National Championship.

College Football Playoffs Futures Betting

A futures bet is betting on a future outcome. A few examples of a futures bet would be which team will win the National Championship, which team will win the Big 12 Conference, and which player will win the Heisman Trophy?

You can make futures bets before and during the season, but when you make them during the season the odds will change depending on how that team or player is doing. The odds that you have at the time when you make a futures bets are the ones you are stuck on no matter how much they change during the season.

College Playoff Prop Bets

A prop bet is one that does not have anything to do with the outcome of the game. There are not as many prop bets available during the regular season as there are in the College Football Playoff.

Also, in college football only the bigger game will usually have prop bets, as smaller conference games do not have them often, but it will depend on the sportsbook.

A few examples of a prop bet are which QB in a game will pass for more yards, which team will score first, will the first points in the game be from a touchdown or field goal, and which teams will have more first downs in a game.

Again, there are many prop bets to make, but there are many many more of them available for the College Football Playoff and the National Championship.