I know it's crazy, but think they have the team to beat Bama. They've got this far with a third string qback with implies they have a complete team unlike other years. They just piled drive the #4 defense in scoring the country on the road and they held their top rushing offense to almost zilch. At the very least, if you have access to live betting the chance of better odds can be 10 fold. Say OSU get's up early and then you might get a lot better than -370. It's dicey because you don't know if Jones was a one day wonder. BOL
the cheapest way for you to hedge this will probably be playing alabama to win the championship right now for $1000 or so and then if alabama wins you they will be favord over fsu or oregon and you can make a spread bet on the underdog against bama and hope to middle, but guarantee profit.