Alabama, Oklahoma sit atop latest Vegas ranks

Alabama's Derrick Henry and Oklahoma's Baker Mayfield are both coming off impressive Week 14 performances. USA TODAY Sports

The big storyline in this week's College Football Vegas Rankings is the gap between Alabama and Oklahoma and the rest of the field. Alabama is still the clear No. 1, but after Oklahoma the gap is 4.5 points between the Sooners and Ohio State and Michigan State. One of the big winners from this past weekend was TCU who moved from 13th to sixth after the win over Baylor.

The CFB Vegas Rankings are the composite power ratings of a panel of professional handicappers and college football statisticians, including fellow Insider Phil Steele, Brian Edwards and Bruce Marshall of The Gold Sheet. The ratings are intended to weight the relative strength of the teams if they met on a neutral field and to be compared to the point spread on a given game.

For example, if Alabama and Oklahoma were to play on a neutral field this week, the Crimson Tide would be considered a 1-point favorite by our ratings.

Here's a look at the 25 best teams in college football right now, according to our panel.

1. Alabama Crimson Tide (49.5)
Last Week: 1st (49)

Alabama remains the No. 1 team in the country in the College Football Vegas Rankings. The Crimson Tide are one win away from a berth in the College Football Playoff as they face Florida in the SEC championship game. Alabama is currently listed as a 17.5-point favorite.

2. Oklahoma Sooners (48.5)
Last Week: 3rd (46.5)

Oklahoma put up one last great performance on Saturday, beating Oklahoma State in what was basically a Big 12 championship game. At this point it is hard to see Oklahoma not making the final four without a game left to play before bowl season.