As interest builds for the upcoming College Football Playoff semifinals, betting activity is expected to reach record-breaking levels. Jay Kornegay, the vice president of race and sports operations at Westgate, is anticipating a surge in betting across their establishments in nine states. Kornegay expressed that the volume of bets is expected to reach unprecedented levels, setting the stage for potential records during this year’s playoff games.
The Rose Bowl will feature a highly anticipated matchup between Michigan and Alabama. Michigan initially opened as a 2 1/2-point favorite, but the betting tide has shifted in favor of Alabama. According to Joey Feazel, who heads college football betting for Caesars, the public heavily favors the Crimson Tide, despite some late significant wagers on the Wolverines. Notably, media personality Dave Portnoy has placed a $1-million bet on Michigan winning the College Football Playoffs, particularly the Rose Bowl game against Alabama.
In the other semifinal, the Sugar Bowl, second-seeded Washington will face off against third-seeded Texas. The Longhorns, making their first College Football Playoff appearance, are looking to upset the favored Huskies. The controversies surrounding the selection of teams for the playoffs have added fuel to the excitement, with Alabama and Texas making the cut over the undefeated Florida State.
As the excitement mounts, analysts predict a significant boost in wagering activity, with FanDuel Sportsbook reporting Michigan as the slight favorite in their matchup against Alabama. Meanwhile, the underdog Huskies are attracting the majority of bets and money against Texas in the Washington-Texas game. The winners of these semifinals will advance to the national championship game in Houston on January 8, with FanDuel already providing early odds.