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College football is all but clear because it does not have a true championship. There are more than 114 teams and they can’t play each other during one season. So each team plays a season of 14 games within their conference.
Each week a panel of reporters and coaches do vote on which team is pretty good and the result is compiled in a top25. It is a ranking based on impression by humans therefore it is totally unscientific even though complicated formulas are used to come up with the ranking therefore many discussions of fans are based on their idea why such a team is ranked so high or so low in the top 25.
The post season is a trip to a bowl. Cities that organize bowls invite teams to come compete for a game. Usually teams are selected according to how much money they will bring to the city with their fans. The team that wins the bowl gets a paycheck that can range from $500 thousands to $17 millions!
For many years the top 1 and 2 did not play against each other so there was no way to really know which the best team was. But now there is the Bowl Championship Series that is a game where the number one and number two teams play. So that is the real final.
However, for example in 2003 LSU and USC were both named number 1. LSU, USC and Oklahoma were very tight in the ranking. There was 3 teams for 2 spots. LSU ended up wining its bowl game against Oklahoma, but USC also won its game. AS USC and LSU could not play each other as the season was over both were named number 1.
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