The Power 4 conferences are The ACC, B1G 10, B1G 12, and SEC. This market will resolve “yes” if any team from outside those four conferences makes it to the 12 team playoff. Some notable non P4 conference teams include previously power 5 conferencePac-12 Oregon St. & Washing St. Another notable team is Notre Dame, which is an independent team with a strong record. Outside of the realignment, there are many strong contender teams, including Liberty (13-1) SMU (11-3) Tulane (11-3) Toledo (11-3) Miami OH (11-3)
1,0005 conference champions are guaranteed to make the CFP. From the CFP website:
"The four highest-ranked conference champions will be seeded one through four and will receive a first-round bye. The fifth conference champion will be seeded where it was ranked or at No. 12 if it is outside the top 12 rankings"