2023 Peach Bowl Betting Odds, Predictions, Preview

The 2023 Peach Bowl concluded on Saturday December 30, 2023 and bettors watched Ole Miss defeat Penn State, 38-25 at Mercedes-Benz Stadium in Atlanta, Georgia.

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

Peach Bowl Betting Odds


  • Opening point spread: Penn State -4
  • Opening moneyline: Penn State -186/Ole Miss +150
  • Opening total: Over/Under 49.5 points scored
  • Time: Noon ET Saturday, Dec. 30 (ESPN)

UPDATE 8:30 P.M. ET THURSDAY, DEC. 28: Penn State toggled between the -3.5 opener/-4/-4.5 most of this month at Caesars Sports. But there was a brief stint at Nittany Lions -3 on Dec. 6-7. Penn State has been stable at -4.5 since Wednesday morning.

"We're seeing the line go up for the Penn State side. I agree with the line movement. James Franklin's teams tend to show out for bowl games," Caesars lead college football trader Joey Feazel said. "There's slightly more action on Penn State. I expect to see that line grow as we get closer to the game on Saturday."

The total has been painted to 49.5 at Caesars since Dec. 11. It opened 48.5 on Dec. 4 and peaked that same day at 49.5. The total then dipped to 49/48.5 on Dec. 11.

UPDATE 3:30 P.M. ET WEDNESDAY, DEC. 20: The Peach Bowl hasn't seen much transfer-portal/opt-out volatility. On Dec. 3, DraftKings opened Penn State -3.5 in its college football bowl odds New Year's Six market. the Nittany Lions are currently -4.

Underdog Ole Miss is netting 59% of early spread bets and spread dollars.

DK's total toggled between 48.5/49/49.5 over the past two-plus weeks. It's now back at the 48.5 opener, with tickets 2/1 and money almost 4/1 on the Over.

UPDATE 4 P.M. ET MONDAY, DEC. 4: These two teams combined for four of the most high-quality losses in the nation this season. Penn State (10-2 SU/9-3 ATS) fell at home to Michigan and on the road vs. Ohio State. Ole Miss (10-2 SU/7-4-1 ATS) lost road games to Georgia and Alabama.

Now, Penn State and Mississippi will meet in the Peach Bowl.

The Nittany Lions finished the regular season with a 42-0 bashing of Michigan State as 22.5-point road faves. The Rebels wrapped up with a 17-7 win giving 10 points at Mississippi State.

TwinSpires opened Penn State -4 and is up a tick to -4.5. The Nittany Lions are seeing 55% of early spread tickets/72% of early spread money.

"Sharp play on Penn State -4 after the opener," Lucas said.

The total is down a point to 48.5, with 54% of tickets/58% of cash on the Under.

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

Peach Bowl Pick, Prediction

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

Key player and coach moves have this game pointing toward the Rebels.

Manny Diaz is no longer the defensive coordinator of Penn State, taking the position of head coach with Duke. The hiring of Andy Kotelnicki is one of the best in college football, but he won't coach at the offensive coordinator position until after the bowl.

Penn State also has opt-outs that include defensive lineman Chop Robinson, along with potential NFL losses at cornerback and blindside offensive tackle.

Ole Miss will enter the Peach Bowl at full strength with quarterback Jaxson Dart and running back Quinshon Judkins.

Considering the Nittany Lions offense is one of the worst in creating explosive plays and generating success in the passing game, the better offense belongs to the SEC team.

Pick: Ole Miss +3.5

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.

Peach Bowl Betting Resources

  • Date: Saturday, December 30, 2023
  • TV-Time: ESPN, 1:00 p.m. ET
  • Venue: Mercedes-Benz Stadium
  • Location: Atlanta, Georgia

Peach Bowl History

Peach Bowl Logo

The Chick-Fil-A Peach Bowl debuted in 1968, and the matchup had conference tie-ins with the Atlantic Coast Conference (ACC) and the Southeastern Conference (SEC). The game takes place at Mercedes-Benz Stadium in Atlanta, Georgia as the previous venues for this contest were Grant Field and Atlanta-Fulton County Stadium. This game was named the Peach Bowl from 1968-1996, as Chick-Fil-A acquired sponsorship rights in 1997. 

The Peach Bowl is part of the College Football Playoff rotation and was part of two semifinal matchups played in 2016 and 2019.

Underdogs fared well from 2012 until 2018 by posting a 5-2 ATS mark, including outright wins by Houston in 2015, UCF in 2017, and Florida in 2018. However, LSU rebounded for the favorites in a big way as 12.5-point chalk by routing Oklahoma, 63-28 in the 2019 College Football Playoff Semifinals. 

In 2020, Georgia edged Cincinnati, as the Bearcats cashed catching seven and a hook. In the 2021 installment, the underdog probably should have cashed, but Michigan State had a pick-six with 22 seconds left to take a 31-21 lead over Pittsburgh, a team catching three points. It was a classic bowl season bad beat for sure.

Georgia edged Ohio State, 42-41 in the 2022 College Football Playoff semifinals as the Buckeyes missed a last-second field goal. The Bulldogs went on to win the National Championship.

The SEC topped the Big 10 again in 2023 as Mississippi beat Penn State, 38-25, marking the third cover in four years by the underdog in the Peach Bowl.

Peach Bowl Betting Results

YearMatchupSpread, TotalsATS Result
2023Ole Miss 38 Penn State 25Penn State -5.5, 53.5Underdog, Over
2022Georgia 42 Ohio State 41Georgia -5, 61.5Underdog, Over
2021Michigan State 31 Pittsburgh 21Michigan State -3, 54.5Favorite, Under
2020Georgia 24 Cincinnati 21Georgia -7.5, 53Underdog, Under
2019LSU 63 Oklahoma 28LSU -12.5, 75Favorite, Over
2018Florida 41 Michigan 15Michigan -4, 51Underdog, Over
2017UCF 34 Auburn 27Auburn -11, 66.5Underdog, Under
2016Alabama 24 Washington 7Alabama -12.5, 50.5Favorite, Under
2015Houston 38 Florida State 24Florida State -7, 57Underdog, Over
2014TCU 42 Mississippi 3TCU -3, 55Favorite, Under
2013Texas A&M 52 Duke 48Texas A&M -14, 75.5Underdog, Over
2012Clemson 25 LSU 24LSU -6.5, 58.5Underdog, Under
2011Auburn 42 Virginia 23Auburn -3, 49Favorite, Over
2010Florida State 26 South Carolina 17South Carolina -2.5, 54Underdog, Under
2009Virginia Tech 37 Tennessee 14Virginia Tech -5, 48Favorite, Over
2008LSU 38 Georgia Tech 3Georgia Tech -4, 53Underdog, Under
2007Auburn 23 Clemson 20 (OT)Clemson -2, 44Underdog, Under
2006Georgia 31 Virginia Tech 24Virginia Tech -3, 37.5Underdog, Over
2005LSU 40 Miami (FL) 3Miami -6, 40.5Underdog, Over
2004Miami (FL) 27 Florida 10Miami -3, 52Favorite, Under
2003Clemson 27 Tennessee 14Tennessee -5, 47Underdog, Under
2002Maryland 30 Tennessee 3Tennessee -1, 46.5Underdog, Under
2001North Carolina 16 Auburn 10North Carolina -2.5, 44Favorite, Under
2000LSU 28 Georgia Tech 14Georgia Tech -8.5, 55Underdog, Under
1999Mississippi State 17 Clemson 7Mississippi State -2.5, 40.5Favorite, Under
1998Georgia 35 Virginia 33Virginia -2, 49.5Underdog, Over
1997Auburn 21 Clemson 17Auburn -6, 46Underdog, Under
1996LSU 10 Clemson 7LSU -6.5, 58.5Underdog, Under
1995Virginia 34 Georgia 27Virginia -6, 44.5Favorite, Over
1994N.C. State 28 Mississippi State 24Mississippi State -6, 61.5Favorite, Over
1993Clemson 14 Kentucky 13Clemson -2.5, 36Underdog, Under
1992North Carolina 21 Mississippi State 17Mississippi State -2, 37.5Underdog, Over
1991East Carolina 37 N.C. State 34East Carolina -2.5, 44.5Favorite, Over
1990Auburn 27 Indiana 23--
1989Syracuse 19 Georgia 18--
1988N.C. State 28 Iowa 23--
1987Tennessee 27 Indiana 22--
1986Virginia Tech 25 N.C. State 24--
1985Army 31 Illinois 29--
1984Virginia 27 Purdue 24--
1983Florida State 28 North Carolina 3--
1982Iowa 28 Tennessee 22--
1981West Virginia 26 Florida 6--
1980Miami (FL) 20 Virginia Tech 10--
1979Baylor 24 Clemson 18--
1978Purdue 41 Georgia Tech 21--
1977N.C. State 24 Iowa State 14--
1976Kentucky 21 North Carolina 0--
1975West Virginia 13 N.C. State 10--
1974Texas Tech 6 Vanderbilt 6--
1973Georgia 17 Maryland 16--
1972N.C. State 49 West Virginia 13--
1971Mississippi 41 Georgia Tech 18--
1970Arizona State 48 North Carolina 26--
1969West Virginia 14 South Carolina 3--
1968LSU 31 Florida State 27--

College Football Bowl Betting Resources

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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