The quest for the College Football Playoff National Championship Trophy is well underway.Using ESPN’s Football Power Index (FPI) to project the rest of the season, let’s take the College Football Playoff by the numbers:

1. There is a 61 percent chance that every Power 5 team will have at least ONE loss entering bowls.

2. There cannot be more than TWO undefeated teams from a Power 5 conference prior to the playoff selection (Ole Miss plays Mississippi State in the Egg Bowl on Nov. 29).

3. The Pac-12 is the most likely conference (34 percent) to have a champion with THREE or more losses.

4. There are FOUR remaining undefeated teams -- Florida State, Mississippi State, Ole Miss and Conference USA's Marshall. FPI projects that Marshall is the most likely team to win out (57 percent chance) and Mississippi State is the least likely (4.4 percent chance).

Highest Pct Chance
To Finish Season Undefeated

5. The SEC currently has FIVE teams with one loss or fewer, the most of any conference. There is a 26 percent chance that every team in the SEC will have at least two losses entering bowls.

6. Right now there are SIX teams -- the four undefeated teams, Ohio State and TCU -- with at least a 24 percent chance to finish with one loss or fewer this season.

7. The SEVEN teams in the SEC West have been the most dominant in the country -- going 28-1 against anyone not in the SEC West. The division is about to beat up on each other, however, resulting in a 36 percent chance that all seven teams finish with two or more losses.

Bonus: The most likely outcome (30 percent) is that there will be three Power 5 teams that finish with one or fewer losses. Assuming that Marshall is left out of the playoff, that means a two-loss team will make it. Let the debate begin.