Week 3 of the college football season is in the books, and the race for the national title is officially on. Saturday brought us plenty to break down, including blowout wins from some of the top contenders, pretenders exposed as frauds and pesky underdogs that gave hope that perhaps Cinderella is lurking in the shadows.

No. 1 Georgia earned its first conference win in emphatic fashion, No. 2 Alabama had no problem with a lesser opponent and No. 3 Ohio State's offense looked as lethal as it ever has. Meanwhile, No. 13 Miami's big opportunity to make a statement fell flat on its face and No. 10 Arkansas had way too much trouble with an FCS foe.

It's time to hand out grades to the teams that were in the mix for the College Football Playoff National Championship according to odds posted by Caesars Sportsbook prior to the start of Week 2 action. 

College football grades: Week 3 report card