NCAAF Odds: Everything you need to know about college football bowl games

Jordan Ramsay | Updated Dec 20, 2023

Betting odds and trends for the New Year's Six bowl games, including the Rose Bowl, Sugar Bowl, Fiesta Bowl, Orange Bowl, Peach Bowl and Cotton Bowl Classic.

As the calendar winds down to the end of 2023, college football is hitting another level. The bowl games kicked off on December 16 and they will run until the College Football Playoff National Championship game on January 8. There are several bowl games, but the most prominent are the New Years Six, which rotate hosting duties for the two semifinal games that determine the teams who will play for the national championship.

The winners of the Rose Bowl and Sugar Bowl on New Year’s Day will punch their tickets to the national title game on January 8, marking the last season of college football’s four-team playoff format before moving to a 12-team bracket next year.

Let’s take a look at betting odds and trends for the New year’s Six bowl games.

College Football National Championship betting odds

Make sure to check out our complete list of odds for NCAAF games and NCAAF futures.

2023-24 New Year’s Six bowl games and national championship

Bowl GameVenueCityNext Game2023-24 Teams
Cotton Bowl ClassicAT&T StadiumArlington, TexasDec. 29, 2023(7) Ohio State Buckeyes vs. (9) Missouri Tigers
Peach BowlMercedes Benz StadiumAtlanta, GeorgiaDec. 30, 2023(10) Penn State Nittany Lions vs. (11) Ole Miss Rebels
Orange BowlHard Rock StadiumMiami Gardens, FloridaDec. 30, 2023(5) Florida State Seminoles vs. (6) Georgia Bulldogs
Fiesta BowlState Farm StadiumGlendale, ArizonaJan. 1, 2024(8) Oregon Ducks vs. (23) Liberty Flames
Rose BowlRose BowlPasadena, CaliforniaJan. 1, 2024(1) Michigan Wolverines vs. (5) Alabama Crimson Tide
Sugar BowlCaesars SuperdomeNew Orleans, LouisianaJan. 1, 2024(2) Washington Huskies vs. (3) Texas Longhorns
College Football Playoff National ChampionshipNRG StadiumHouston, TexasJan. 8, 2024Rose Bowl winner vs. Sugar Bowl winner

Cotton Bowl Classic

This year’s Cotton Bowl will see No. 7 Ohio State face No. 9 Missouri. The line has flip-flopped a bit in this game, so timing could be important when you make your bet. Favourites are 6-1-1 against the spread in the last eight Cotton Bowl games, a cover rate of 85.7 per cent. The Buckeyes come into this game 6-2-1 ATS in their last nine games as a favourite, while the Tigers are 5-1 ATS in their last six games against teams with a winning record. Low scoring games have been a trend as the total has gone Under in 19 of the last 28 Cotton Bowls. The total has also gone Under in seven of Ohio State’s last nine games against teams with winning records.

Peach Bowl

No. 10 Penn State and No. 11 Ole Miss will meet in the 2023 Peach Bowl. Underdogs have punched above their weight in the last few decades. Dogs are 13-15 straight up (46.4 per cent) and 18-10 ATS (64.3 per cent) in the last 28 Peach Bowl games. In fact, underdogs have actually won the last four Peach Bowl games. The Nittany Lions will look to end that win streak this year, however, as they come into the game 20-0 SU in their last 20 games as the favourite. It’s also worth noting the total has gone Under in five of Ole Miss’ last seven games, while Penn State has failed to hit the Over in three straight.

Orange Bowl

One of the best rivalries in college football is ignited in the Orange Bowl with No. 5 Florida State hosting No. 6 Georgia. The Bulldogs are heavy favourites in the game, but keep in mind the underdog has covered in seven of the last 10 Orange Bowl games. Georgia is 27-1 SU in their last 28 games as the favourite, while Florida State is riding a 19-game win streak that dates back to last season. The Seminoles have also covered in seven of their last eight games as the underdog.

Fiesta Bowl

No. 8 Oregon is a massive favourite to win over No. 23 Liberty in this year’s Fiesta Bowl. The underdogs are an even 14-14 ATS in the last 28 Fiesta Bowl games, but the favourites have covered in five of the last six years. The Ducks are 24-2 SU in their last 26 games as the favourite, but the Flames know how to beat strong teams. Liberty is 8-0 SU in their last eight games against teams with winning records. High scoring games have been a trend in recent years, with the Over hitting in seven of the last 10 Fiesta Bowl games.

Rose Bowl

Dubbed “The Granddaddy of Them All”, this year’s Rose Bowl will feature No. 1 Michigan vs. No. 5 Alabama in the oldest bowl game in the country. The favourites are 19-9 SU in the last 28 Rose Bowl games, winning outright 67.9 per cent of the time. However, the underdogs have kept things close lately, going 4-1 ATS in the last five games. Over the last decade, the Over in 8-2 in the Rose Bowl.

Some solid betting trends point to the Crimson Tide in this game. Alabama has won nine straight games against teams with winning records and they’re also 3-1 both SU and ATS in their last four games against Michigan. Speaking of the Wolverines, the total has gone Over in seven of Michigan’s last nine games against teams with winning records.

Sugar Bowl

The Sugar Bowl is tied with the Orange Bowl and Sun Bowl as the second-oldest bowl games. No. 2 Washington and No. 3 Texas will serve as the latest chapter in the Sugar Bowl’s long tenure. The Under has cashed in six of the last eight Sugar Bowl games, which could continue this year as the total has gone Under in the Huskies’ last three games against teams with winning records.