Back in the BCS era, a loss at any point in the season was nearly a death sentence to a team’s national championship hopes. With the College Football Playoff now in place, there’s a little more wiggle room.

That’s a benefit for Ohio State, which lost to Oklahoma on Saturday night. Despite the defeat, Vegas isn’t counting the Buckeyes out of the playoff picture just yet.

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According to Bill Rabinowitz, the Buckeyes odds of winning the Playoff dropped from 6-1 to just 8-1 following the 31-16 lost to the Sooners.

Ohio State has reached the College Football Playoff twice in three seasons. Both times, the Buckeyes dropped a game, losing to Virginia Tech in 2014 and Penn State in 2016. A home loss to Michigan State in 2015 cost Ohio State a trip to the CFP.

Penn State will likely catapult to be the favorite to win the B1G East and reach the College Football Playoff, but Vegas is proving that it’s still way to early to count out Urban Meyer and the Buckeyes.