We have a new No.1 people! (Just like last week and the week before that…)

Yes, the revolving door of the 2008 NCAA college football season continues to… er… REVOLVE… as far as the BCS rankings system is concerned and it is no surprise that we have a new No.1 team in the nation this week.

The Texas Longhorns are the new No.1 team in college football after beating the Oklahoma Sooners 45-35. The Longhorns’ ascend to No.1 is the fastest in college football history since Miami went from sixth to first back in Aug.29, 1988, after beating top-ranked Florida State 31-0 to start their campaign.

The Longhorns received 39 first-place votes and 1,599 points from the media panel. The Alabama Crimson Tide received the other 36 first-place votes and 1,582 points. The Longhorns became the fourth team this season to be ranked No.1, following Georgia, Southern California and Oklahoma. It’s last season all over again that had four No.1 teams and eight different teams ranked second.

And for the second time this season, three of the top four teams in the country lost on the same weekend. While the losses by the previously top-ranked Sooners, Missouri and the LSU Tigers were already stunning, what it did on the BCS rankings was something harder to fathom.

Unbeaten Penn State Nittany Lions moved up three spots to No.3 while the Oklahoma Sooners dropped three spots to No.4 after suffering their first loss of the season. The Florida Gators gained six spots to No.5 after pounding LSU 51-21 last Saturday night.

The No.6 USC Trojans are followed by Big 12 rivals Texas Tech Red Raiders and Oklahoma State, a team that came up with an upset win over the Missouri Tigers, 28-23, to score its highest ranking since November 1985 when the Cowboys were seventh.

The No.9 BYU Cougars and the No.10 Georgia Bulldogs round out the top 10.

Who will win the 2009 BCS national championship? Bodog sportsbook has the odds.

LSU Tigers 13.00

Ohio State Buckeyes 7.00

Oklahoma Sooners 7.00

USC Trojans 4.00

Want more odds? Visit Bodog sportsbook for more college football betting odds and the best betting lines on some of today’s biggest sporting events.

2008 NCAA College Football BCS Rankings