Can the field take down the four favorites, including undefeated Oregon? Check out what the odds say before the first round of the CFP commences.

The four first-round games take place on Dec. 20 and Dec. 21 on the campuses of the better seeds. No. 1 Oregon, No. 2 Georgia, No. 3 Boise State and No. 4 Arizona State received byes into the quarterfinals, which will be played at bowl venues.

The first 12-team College Football Playoff field was revealed on Sunday. Undefeated Oregon earned the top seed, while SMU beat out Alabama for the 12th and final spot. Oregon, Georgia, Boise State and Arizona State are the top four seeds and get byes,