2023 Alamo Bowl Betting Odds, Predictions, Preview

The 2023 Alamo Bowl concluded on Thursday December 28, 2023 and bettors watched Arizona take care of Oklahoma, 38-24 in San Antonio, Texas.

Recap all the 2024 Alamo Bowl Betting Odds, Picks, Predictions and History below and be sure to check back for the 2024 installment.

Alamo Bowl Betting Odds

ARZ @ OU Odds

  • Opening point spread: Arizona -1 (-115)
  • Opening moneyline: Arizona -120/Oklahoma even
  • Opening total: Over/Under 64.5 points scored
  • Time: 9:15 p.m. ET Thursday, Dec. 28 (ESPN)

UPDATE 8:15 P.M. ET THURSDAY, DEC. 28: An hour before kickoff, Arizona is -2.5 (-115) in BetMGM's college football bowl game odds market. On Dec. 3, the Wildcats opened -1.5, and they peaked Dec. 5 at -4.5.

That same day, Arizona returned to -3.5, and the line slowly made its way down to -2 by this morning. That was followed by moves to Wildcats -2.5 flat and -2.5 (-115). Spread tickets and money are just shy of 2/1 on Arizona.

Oklahoma QB Dillon Gabriel is among a host of Sooners in the transfer portal who won't play tonight. Freshman Jackson Arnold will make his first college start.

BetMGM opened the total at 64.5 on Dec. 3 and dipped to 62.5 a day later. Since Tuesday, the total dropped 4 more points to 58.5, with multiple stops along the way. It's now at 59.5, with ticket count 4/1 and money 2/1 on the Over.

UPDATE 1:30 P.M. ET FRIDAY, DEC. 8: Arizona (9-3 SU/10-2 ATS) put together a solid 2023 campaign, finishing ostensibly tied with Oregon for the best spread-covering mark in the nation. In the regular-season closer, the Wildcats throttled Arizona State 59-23 laying 13.5 points on the road.

Oklahoma's season went sideways with back-to-back road losses to Kansas and Oklahoma State in Weeks 9 and 10. In Week 13, the Sooners lambasted TCU 69-45 as 10.5-point home favorites.

The Alamo Bowl spread was on the move early in Caesars' college football bowl odds market. Arizona opened -1.5 (-115) and within a few hours Dec. 4 was up to -3.5. The Wildcats advanced to -4 later on Dec. 4. The total dropped from 64.5 to 62.5 within a few hours on Dec. 4.

Part of what's at play in the early line movement toward Arizona: Oklahoma QB Dillon Gabriel has entered the transfer portal, though he still might play in the Alamo Bowl.

Click here for Vegas Insider senior reporter Patrick Everson's full College Football Bowl Odds: Spreads, Lines, Trends for Every Bowl Game.

Alamo Bowl Pick, Prediction

Action Network college football betting expert Collin Wilson offers this prediction:

I have low confidence on a game that could be a complete toss-up.

The Jackson Arnold era officially begins at Oklahoma with quarterback Dillon Gabriel off to Oregon. New offensive coordinator Seth Littrell has plenty of roots in Oklahoma and will be tasked with creating the game plan for the bowl after Jeff Lebby took the head-coaching position at Mississippi State.

As Oklahoma prepares to leave the Big 12, Arizona is set to enter the conference under Action Network Coach of the Year Jedd Fisch. There are minimal losses to the transfer portal with only an offensive lineman and wide receiver expected to opt-out for the NFL Draft.

The Arizona offense clicked this season once Noah Fifita took over the quarterback position, as wide receiver Tetairoa McMillan averaged an explosive 2.7 yards per route run.

With minimal changes to the roster and coaching staff, look for Arizona to enter the Big 12 off an Alamo Bowl win.

Pick: Arizona -3

For more college football picks, check out Action Network's College Football Bowl Confidence Pool Rankings: Collin Wilson’s Picks for All 2023 Bowl Games.

Alamo Bowl Betting Resources

  • Date: Friday, December 28, 2023
  • TV-Time: ESPN, 9:15 p.m. ET
  • Venue: Alamodome
  • Location: San Antonio, Texas

Alamo Bowl History

The Alamo Bowl began in 1993 and the matchup currently features schools from the Pac-12 and Big 12. This game takes place at the Alamodome from San Antonio, Texas and the latest installment will be played Dec. 29, 2021 when Oregon and Oklahoma lock horns.

TCU rallied past Stanford, 39-37 in the 2017 edition of the Alamo Bowl, as the Horned Frogs came back from a large deficit for the second time in three years against a Pac-12 school.

The 2018 installment of the Alamo Bowl was exciting, coming down to the end. Washington State and QB Gardner Minshew held on for a 28-26 victory, giving them a school-record 11 wins, although Iowa State was able to earn the backdoor cover. The underdog has now covered in each of the past six seasons.

The Big 12 improved to 5-1 in the past six Alamo Bowls after Texas pounded Colorado. It was the second straight season the Longhorns ended the season with success in San Antonio after roughing up Utah 38-10 in 2019 as a seven-point 'dog. 

In 2021, another Alamo Bowl, and another convincing Big 12 victory. The Big 12 posted its sixth win in the past seven Alamo Bowls as Oklahoma boat-raced Oregon 47-32 in a game which was much more lopsided than the final score indicates.

After a 6-0 ATS run by the underdogs, the favorite has gone 2-2 SU/ATS in the last four installments.

The Pac-12 won the last two years in San Antonio as Washington beat Texas in 2022, followed by Arizona topping Oklahoma in 2023.

Alamo Bowl Betting Results

YearMatchupLineATS Result
2023Arizona 38 Oklahoma 24Arizona -1.5, 59.5Favorite, Over
2022Washington 27 Texas 20Texas -3, 67Underdog, Under
2021Oklahoma 47 Oregon 32Oklahoma -7, 64Favorite, Over
2020Texas 55 Colorado 23Texas -7.5, 67.5Favorite, Over
2019Texas 38 Utah 10Utah -7, 55.5Underdog, Under
2018Washington State 28 Iowa State 26Washington State -2.5, 56Underdog, Under
2017TCU 39 Stanford 37TCU -3, 49.5Underdog, Over
2016Oklahoma State 38 Colorado 8Colorado -3, 65Underdog, Under
2015TCU 47 Oregon 41 (3OT) Oregon -7.5, 74Underdog, Over
2014UCLA 40 Kansas State 35Kansas State -1.5, 61.5Underdog, Over
2013Oregon 30 Texas 7Oregon -14.5, 67.5Favorite, Under
2012Texas 31 Oregon State 27Oregon State -3, 56.5Underdog, Over
2011Baylor 67 Washington 56Baylor -9, 79Favorite, Over
2010Oklahoma State 36 Arizona 10Oklahoma State -4.5, 68.5Favorite, Under
2009Texas Tech 41 Michigan State 31Texas Tech -9.5, 60Favorite, Over
2008Missouri 30 Northwestern 23 (OT)Missouri -14, 67Underdog, Under
2007Penn State 24 Texas A&M 17Penn State -4.5, 52.5Favorite, Under
2006Texas 26 Iowa 24Texas -9, 54Underdog, Under
2005Nebraska 32 Michigan 28Michigan -10, 48Underdog, Over
2004Ohio State 33 Oklahoma State 7Oklahoma State -2, 49Underdog, Under
2003Nebraska 17 Michigan State 3Nebraska -3, 49.5Favorite, Under
2002Wisconsin 31 Colorado 28 (OT)Colorado -7, 54.5Underdog, Over
2001Iowa 19 Texas Tech 16Texas Tech -1.5, 58Underdog, Under
2000Nebraska 66 Northwestern 17Nebraska -14.5, 64.5Favorite, Over
1999Penn State 24 Texas A&M 0Texas A&M -6, 45Underdog, Under
1998Purdue 37 Kansas State 34Kansas State -14, 67.5Underdog, Over
1997Purdue 33 Oklahoma State 20Purdue -3.5, 56Favorite, Under
1996Iowa 27 Texas Tech 0Texas Tech -3, 47.5Underdog, Under
1995Texas A&M 22 Michigan 20Michigan -5, 39.5Underdog, Over
1994Washington State 10 Baylor 3Washington State -5.5, 38.5Favorite, Under
1993California 37 Iowa 3California -11, 49.5Favorite, Under

College Football Bowl Betting Resources

College Football Playoff Odds: Lines, Spreads, Betting Trends for Semifinal Games

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Here’s everything you need to know about College Football Playoff odds for the semis: opening lines, spreads and betting trends for each game, as multiple oddsmakers provide insights on CFP odds and action. Check back regularly for updates and use our new ESPN BET bonus code VIBONUS to get the most out of your action.

College Football Playoff Odds for Semifinals