College Football Playoff ranking, odds: No. 1 Miami (FL) will be historic underdog against Notre Dame on Saturday

The first College Football Playoff rankings were released on Tuesday night, with Miami (FL) taking the top spot, Georgia No. 2 and one-loss Notre Dame landing outside the top 10 at No. 11 overall. The Hurricanes are No. 1 in the AP Top 25 poll as well, but will be an underdog when they go to South Bend to take on the Fighting Irish this weekend. According to Yahoo Sports research, it appears to be the first time that a team ranked No. 1 in the CFP is an underdog against a team ranked outside of the top 10. The Fighting Irish are ranked fourth in the AP poll. Notre Dame is currently up to a 6.5-point favorite at some sportsbooks. The line opened at -4.5 and has moved the Fighting Irish's direction despite the bulk of the early betting action on the Hurricanes at some books. At DraftKings Sportsbook, 75% of the wagers and 76% of the total dollars wagered are on the underdog Miami to cover the spread. "We're seeing two-way action, taking more money on Notre Dame spread and the Miami moneyline," Joey Feazel, lead college football trader at Caesars Sportsbook told Yahoo Sports. "If I look at my current power ratings, I have Notre Dame No. 2 and Miami fifth. In the offseason, this line was closer to Notre Dame -10. Sharper action came in on the Fighting Irish early. Number feels right to me." Hurricanes QB Darian Mensah (+150 at BetMGM) moved into the role of favorite to win the Heisman trophy at sportsbooks after Miami's 38-35 win over North Carolina to surpass Ohio State WR Jeremiah Smith (+275). Miami WR Malachi Toney (+325) has the third-best odds, followed by Notre Dame QB CJ Carr at 12-1, so there will plenty of movement in the Heisman market depending on how this game turns out. Notre Dame hosts Miami on Saturday night at 7:30 p.m. ET on NBC.