Explainers

Undefeated Season Odds 2026: Live Perfect Record Market

Published August 18, 2026 · Last updated: September 29, 2026

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TL;DR

  • The market pays out on any listed team finishing the 2026 regular season without a loss.
  • Texas Tech, Notre Dame, Miami, Oregon and BYU lead the board, with Ohio State, Georgia, Indiana, Texas, Penn State, Utah, Alabama, LSU, Texas A&M and Boise State behind them.
  • Perfect seasons are compounding probability: twelve 85% games is only a 14% chance of running the table.

New to this? Read this first

Prediction markets price events in cents, not odds. Here is the vocabulary used on this page, in plain English.

Price = probability
A contract that pays $1 trading at 12¢ means the market thinks there's a 12% chance.
YES / NO share
YES pays $1 if it happens. NO pays $1 if it doesn't. You can never lose more than you paid.
Implied chance
Just the price read as a percentage. A contract at 14¢ implies a 14% chance.
Vig
A built-in margin some venues charge. On prediction markets you pay the spread and fees instead.
Liquidity
How much money is in the market. More money means you can get in and out at the price you see.

Undefeated season odds are the longshot corner of the 2026 college football board: one contract per team, paying $1 if that team finishes the regular season without a loss. After Week 5 (AP poll of September 27, 2026), listed teams still unbeaten include Texas (4-0, No. 1), Georgia (4-0), Notre Dame (4-0), Miami (4-0), Indiana (4-0), Alabama (4-0), BYU (3-0), Texas Tech (4-0) and Utah (4-0). Ohio State, Oregon, LSU and Boise State have each lost once, so their undefeated contracts are now worth $0.

The math nobody prices correctly

Perfect seasons compound. Win probabilities multiply, they do not average. A team favored in every game at 85% is at 0.8512 ≈ 14% to run the table. Add one 60% road game and it drops near 10%. Add two and you are under 7%. That is why Ohio State can be the national title favorite and still trade around a dime to go undefeated.

Reading the board team by team

Texas Tech and BYU are schedule plays — good rosters without the four-ranked-opponent gauntlet. Notre Dame under Marcus Freeman plays an independent slate it partly controls. Miami with Mario Cristobal and Oregon with Dante Moore have the talent, but each has a road trip that realistically prices near a coin flip.

Indiana under Curt Cignetti is the tempting one after what the program has already proven, while Georgia, Ohio State, Texas, Alabama, LSU, Texas A&M and Penn State all pay the SEC/Big Ten schedule tax. Boise State and Utah round out the deep longshots.

How to read the price

A 5¢ contract is a 5% implied chance and $20 buys 400 shares — $400 back if the team runs the table. Because every team trades separately, you can buy three cheap paths for the price of one favorite, which is how most people actually play this board.

Where to trade these markets

PolymarketDeposit $10, Get a $25 Trading Bonus!Widest market menu · iOS appClaim offer → ProphetXTrade $50, Get $75!Sports only · CFTC-regulated · no house marginClaim offer → KalshiTrade $25 and Get $25!US-regulated (CFTC) · 47 states + D.C.Claim offer → Rebet100% purchase match up to $100!Mobile only · code COLLEGEPMClaim offer →

18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.

18+ only. New traders only. Offer terms are set by ProphetX and may change. Event contract trading involves risk, including loss of the funds you commit. ProphetX is a CFTC-regulated designated contract market and derivatives clearing organization. Not available in all states.

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

21+. Gambling problem? Call 1-800-GAMBLER.

Check the resolution wording first

The difference between "regular season undefeated" and "undefeated including the conference championship" is enormous — a 12-0 team that loses its title game either pays out or does not, depending on one sentence. Open the market page and read that sentence before you place the order.

The exit that matters

You almost never want to hold an undefeated contract to December. The price climbs steeply with each win — an 8-0 team that started at 8¢ can be trading in the 40s — and selling into that run captures most of the payoff while removing the risk of one November upset zeroing the position. Trade the board on Polymarket.

Pair this with Coach of the Year odds, the top ranked offense market, the national championship board, or the college football markets hub.

Price → probability → payout

Contract price in cents (e.g. 14)Amount you put in ($)
Implied chance
14.0%
Contracts
143
Pays back
$142.86
Profit if right
$122.86

A contract settles at $1 if the event happens and $0 if it doesn't, so the price is the market's probability. Every contract you buy at this price pays $1 — the cheaper the price, the less likely the market thinks it is.

Your first trade, step by step

  1. Fund a small balanceOpen an account, verify your ID, and deposit $10–$20 by debit or ACH. You must be 18+ and in an eligible state.
  2. Find the marketSearch the event by team, player or headline. Check the price and the volume — thin markets move a lot on small orders.
  3. Read the price as a probabilityA 23¢ YES contract means the market gives it about a 23% chance. If you think it is higher than that, YES is the value side.
  4. Place a limit orderEnter the price you want rather than taking the market. You buy shares, not a bet slip — the most you can lose is what you paid.
  5. Decide your exitYou can sell any time before the event resolves, or hold to settlement where each winning share pays $1.

Ready to try it: open Polymarket. 18+, eligible states only. Trade what you can afford to lose.

Related reading

College Football National Championship Odds (Live)Live college football national championship odds from prediction markets. See the favorites to win the CFP title, imp…Read → Coach of the Year Odds 2026: Live AP Award MarketLive 2026 AP Coach of the Year odds from Polymarket — Cristobal, Freeman, Sarkisian, Lanning, Kiffin, Cignetti and Be…Read → Top Ranked Offense Odds 2026: Live Yards-Per-Game MarketLive 2026 top ranked offense odds — Ole Miss, Miami, Notre Dame, Ohio State, Texas, Oregon and LSU priced on total ya…Read → College Football Win Totals 2026: Live Over/Under MarketsLive 2026 college football win totals from prediction markets. Where the market sets each team's win line, and how to…Read →

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18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.

21+. Gambling problem? Call 1-800-GAMBLER.

Trade $50, Get $75! on ProphetX with code COLLEGEPM

Trade on ProphetX →

18+ only. New traders only. Offer terms are set by ProphetX and may change. Event contract trading involves risk, including loss of the funds you commit. ProphetX is a CFTC-regulated designated contract market and derivatives clearing organization. Not available in all states.

21+. Gambling problem? Call 1-800-GAMBLER.

Trade $25 and Get $25! on Kalshi with code COLLEGEPM

Trade on Kalshi →

Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at kalshi.com/tc/500. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information.

21+. Gambling problem? Call 1-800-GAMBLER.

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Frequently asked questions

Which teams are listed in the 2026 undefeated season market?

Polymarket's board includes Texas Tech, Notre Dame, Miami, Oregon, BYU, Indiana, Georgia, Ohio State, Texas, Penn State, Utah, Boise State, Alabama, LSU and Texas A&M, among others. Each team trades as its own Yes contract, so you can hold several at once.

Why are undefeated season contracts so cheap?

Because probabilities multiply. A team favored in all twelve games at 85% each has only a 14% chance of winning all twelve, and one road trip at 60% cuts that to roughly 10%. That compounding is why even a national title favorite rarely prices above 20% to go perfect.

Does a conference championship game count toward undefeated?

Read the market rules on the event page before you trade — most versions of this market settle on the regular season, which excludes the conference title game and the playoff. That distinction is the single most important detail in the contract, and it is where careless traders lose money.

Which team profile actually goes undefeated?

Not the most talented — the one with the softest path. A strong team from a weaker league with no more than one true road test, like BYU or Texas Tech, has a better shot at 12-0 than an SEC team that plays four ranked opponents. Schedule beats roster in this market.

How should I trade an undefeated contract during the season?

Buy early at longshot prices, then sell into the run rather than holding to resolution. A team at 8¢ preseason that reaches 8-0 can trade at 45¢ or higher, and selling there locks in the gain without needing the last four games to break your way.

What does the price actually mean?

A contract settles at $1 if the event happens and $0 if it doesn't, so the price is the market's probability. A contract at 23¢ means roughly a 23% chance, and $1 buys about 4.3 shares.

How much money do I need to start?

You can place a real trade with $10–$20. Contracts are priced in cents, so a $20 balance buys dozens of shares on a cheap market. Start small until you have seen a position settle.