BySam Wagman

Jan 8, 2024

Michigan vs. Washington CFP National Championship Betting Promos

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The College Football Playoff National Championship game is set to kick off on Jan. 8, 2024 at 8 p.m. EST.

Let’s go through some of the best sportsbook promos to take advantage of as you get ready to wager on this game.

Best CFP National Championship Promos

Get ready for the National Championship by taking advantage of a few of the best college football promotions in the sports betting space.

Let’s go through each of the offers in the section below, and we’ll explain how each of them work.

BetMGM CFB Betting Bonus

New users to .

All you need to do is create a new BetMGM account, fill out all of the pertinent information, deposit at least $10, and enter The Game Day’s BetMGM code (GAMEDAY) to unlock this offer.

Your first wager must be $5+ and can be on any live market, including the National Championship.

If your first wager wins, you get that money and the win! If it loses, no worries! You will get your original stake back in bonus bets, up to $1,500.

This offer is best utilized on longer-shot bets, such as the Moneyline or a player prop with good odds.

Bet365 CFB Betting Promo

When you sign up for, you can pick between two offers as a new user to the site.

You can either get $150 in bonus bets with a $5 first wager or get a 1K First Bet Safety Net with the promo code . The first bet safety net is basically the same thing as first bet insurance, where you get that wager insured up to $1,000 if you lose, paid back in bonus bets.

To activate these bonus bets, just sign up with the promo code and a $5+ on the National Championship, or any live market on bet365.

bet365 is also offering Same Game Parlays with boosted odds. Once the teams are announced, we’ll detail some of those SGPs.

Caesars CFB Betting Promo

and go make your first wager of at least $5!

If your bet (ideally on this matchup of top tier teams) loses, then you’ll be refunded back your full wager, up to $1,000, in bet credits.

Like BetMGM, this is a great offer to look for longer odds to build your bankroll, or get second chances with your bonus bets.

FanDuel CFB Betting Promo

is giving new users a $150 bonus with their first wager!

This bet is as good as it sounds because as long as you win on any $5 or more bet, you will get $150. No promo code is needed for this offer.

Even if you choose not to bet one of the National Championship teams on the Moneyline, there are numerous other bowl games to consider while aiming to get your $150 in bonuses.

DraftKings CFB Betting Promo

Just like Fanduel, is giving out $150 in free bets to new users, as long as you bet $5 or more with your initial wager.

A slight difference for DraftKings’ is that you will get the bonus bets whether you win or lose your bet, which sure is nice.

You can use your bonuses on the remaining bowl games because new users get VSiN’s college football bowl betting guide free when signing up! Use this in-depth guide to make the best, educated bets possible from an industry leader that is in the heart of downtown Vegas.

Michigan vs Washington National Championship Betting Odds and Storylines

Spread: Michigan -4.5 -105 ()

Over/Under: 55.5 (DraftKings)

Moneyline: Michigan -190 (Caesars), Washington +160 (DraftKings)

The two teams that have made it to the holy grail of college football games are programs that have been on the rise over the last few seasons. Both teams come in with a perfect record this season and dispatched of their semifinal opponents in tight games.

Michigan has made its living this season by crushing opponents’ souls through the ground game, with Blake Corum leading the way on the ground and Donovan Edwards coming in to spell him. They have not needed quarterback J.J. McCarthy to throw the ball as much to win, which has been nice since he fought an ankle injury for the last month or so of the regular season.

Washington, on the other hand, has been led by the steadying hand of probable first-round pick Michael Penix, Jr., who runs this explosive offense through three top-tier wide receivers led by Rome Odunze. The trio has combined for over 3,000 receiving yards and 26 passing touchdowns, beating up mostly everyone on their schedule this year.

National Championship Best Bet

Michigan -4.5 vs Washington (-110)

BetMGM Sportsbook • 1 Unit

As much as I love Washington and their whole mentality from the players all the way to the coach (Kalen DeBoer is a beast), I can’t help but think Michigan might be the best matchup both defensively AND offensively for the Huskies.

One of the biggest advantages that Texas was supposed to have against Washington was their ability to have their defensive front control the line of scrimmage and get pressure against Penix. That didn’t happen, but if you tuned into the Michigan vs Alabama game earlier in the day, Michigan’s defense sacked Jalen Milroe six times, getting into the backfield with ease.

That is what I’m worried might happen here, because Washington’s passing game is built on Penix having time to let downfield plays develop into explosivity. While Penix is great at this, will Mcihigan’s pressure overwhelm him?

My guess is that Penix does not get enough explosive plays off, and Michigan scores a late touchdown against the Huskies’ poor rushing defense to cover the spread in this game.

Promo TypeNew & Existing User Promo
SportsBookBetMGM Sportsbook
How to EnterBet & Get


Sam Wagman

Sam is the Sports Content Editor for The Game Day. He has been in the sports media industry for 4 years, with stints at VegasInsider, Footballguys, and Fantasy Points. Sam specializes in fantasy football content creation and strategy as well as sports betting content strategy with an NFL and PGA focus. Originally from Philadelphia, he enjoys all Philly sports despite now living in Florida. He enjoys playing tennis, pickleball, and golf -- while constantly struggling to break 80 on the course.

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