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Northwestern has 100/1 odds to win the 2017 National Championship

Way better odds than the Powerball.

Dennis Wierzbicki-USA TODAY Sports

You can bet on anything in Las Vegas, or so the saying goes. And, just two days after Alabama defeated Clemson to win the College Football Playoff National Championship, odds for next year's champion have been released. So if you have a little extra cash to spare and want to make an investment, the odds that Northwestern wins next year's title game are listed at 100/1, according to Bovada.

Grouped with Arizona, Arizona State, BYU, Boise State, California, Georgia Tech, Maryland, Mississippi State, Missouri, North Carolina State and Penn State, the Wildcats are the only team with 100/1 odds to win 10 games in 2015. Northwestern is also the only team in that group ranked in the final AP and Coaches Polls. Aside from Northwestern, the other 11 teams listed at 100/1 combined for a 73-67 win/loss record in 2015, which works out to about 6.6 wins per team.

So it would seem like Northwestern is undervalued. But when ranked using the advanced statistic S&P+, which orders teams using play-by-play data and adjusts for quality of opponent, Northwestern is just the seventh-best team in the group behind Mississippi State (16), Penn State (30), California (34), NC State (36), BYU (38) and Boise State (41).

Ohio State has the best odds of any team Northwestern will play next season at 12/1, tied for the third-highest odds behind Alabama and Clemson. The Buckeyes are followed by Iowa and Michigan State, both at 33/1. Wisconsin and Nebraska are next at 50/1. Michigan, a team Northwestern avoids next season, is listed at 12/1.

The 2017 College Football Playoff National Championship will be played on Mon., Jan. 9 in Raymond James Stadium in Tampa, the location of Northwestern's 2016 Outback Bowl loss to Tennessee.