If you are familiar with identifying a CFB favorite, it should be pretty easy to pick out the underdog. Typically, a college football underdog can be identified as the team with the positive odds on the moneyline or the positive point spread. Look at the following example. Minnesota +220 +7 (-110) North Carolina -260 -7 (-110) In this case, it’s clear that Minnesota is the underdog as indicated by the +220 odds and the +7 point spread.