Colorado playoff picture after Week 7: Closer look at Deion Sanders' chances to make 12-team CFP after K-State loss

The Colorado Buffaloes fell to 4-2 through six games after a 31-28 loss to the No. 17 Kansas State Wildcats in Week 7. Colorado's road to the College Football Playoff only gets tougher from here, as the Big 12 Conference standings continue to shift.

Without a Top 25 opponent remaining on their schedule, the Buffaloes could find themselves on the outside looking in when the playoff selection roles around. Here's an in-depth look at Colorado's playoff chances following its second loss of the season.

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Where does Colorado rank in the AP Top 25?

After receiving votes in the Week 7 AP Poll, it seemed like the Buffaloes could enter the Top 25 for the first time this season with a win over Kansas State. But as fate would have it, Colorado was denied, leaving them unranked entering Week 8 of the season with the playoff race heating up.

Nevertheless, Colorado looks to be a contending team in a wide-open Big 12. The Buffaloes could still make a case with a run to the Big 12 Championship.

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What are the odds for Colorado to win the national championship?

Entering Week 8, Colorado's odds to win the national championship aren't looking good, as the Buffaloes are tied for the 18th-best odds in the country at +50000. Some notable teams tied with Colorado include Georgia Tech, Iowa, Illinois and Vanderbilt.

The Buffaloes have the sixth-best odds to win the Big 12 Championship, at +1800, ranking behind Iowa State (+170), Kansas State (+320), BYU (+440), Texas Tech (+1000) and Arizona State (+1500).

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Will Colorado make the College Football Playoff?

Colorado's playoff hopes are looking bleak going into Week 8. For one, the Buffaloes don't have a Top 25 opponent remaining on their schedule, making their road to a playoff bid much tougher.

The Buffaloes' best shot at earning one of the top-12 spots comes with winning the Big 12 Championship. If Colorado can enter selection week as the Big 12 champions, it will be difficult to keep them out of the playoffs.