It’s finally here: The College Football Playoff. Your first college football betting opportunity is at 3:30 p.m. ET when the No. 4 ranked Cincinnati Bearcats – the first Group of 5 team to ever make the CFP - take on the No. 1 ranked Alabama Crimson Tide in the Cotton Bowl. Then, at 7:30 p.m. ET, it’s the No. 3 ranked Georgia Bulldogs vs. the No. 2 ranked Michigan Wolverines in the Orange Bowl.

These are two fantastic games, and to make them even more exciting, you can place bets on these games with the best online sportsbooks and win some cash ahead of the New Year!

We’ve made it easy for you by compiling the sports betting promo codes and odds boosts out there, so read on to find out how to get them!

Caesars Sportsbook Odds Boost for CFP Semifinals

Caesars Sportsbook is offering an incredible odds boost right now on a moneyline parlay of Cincinnati and Michigan. The odds on that parlay were +1650, but right now at Caesars, they are offering an odds boost of +1800. That means that if you bet $100 on a parlay of the Bearcats and the Wolverines, you would win $1,800.

You could even bet just $50 and take home $900 if both teams win! There is a lot of value here if you think these teams win. If you don't have an account, remember to use the promo code BOOKIES when signing up for Caesars Sportsbook!

Check out the Caesars Sportsbook promo codes page for other deals like this.

$1,000 First Bet on Caesars Promo Code: BOOKIES1000

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FanDuel Sportsbook Odds Boost for CFP Semifinals

FanDuel Sportsbook has a fantastic 30/1 odds boost offer for new customers. All you have to do is:

1. Register for a new FanDuel Sportsbook account on the website or sports betting app
2. Deposit at least $10
3. Bet $5 (the max) on any College Football Playoff moneyline

If your team wins, you will be given +3000 odds on the first $5 of your bet, meaning a $5 bet would win you $150 in bonus cash. The best part is that this bonus is paid in cash money and not site credits. If you are thinking about joining FanDuel, then now is the perfect time to do so with this promo code!

Just head over to the FanDuel promo codes page to get this deal and more.

Bet $5, Get $150 in Bonus Bets if Your Bet Wins + 3 Free Months of NBA League Pass

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DraftKings Sportsbook Promo Code for CFP Semifinals

New users can score $200 worth of site credits with just a $5 bet on any NFL, NBA, or college football game from now until Jan. 10. Here’s how:

1. Register for a new DraftKings account
2. Deposit at least $5
3. Bet at least $5 on any college football, NFL or NBA moneyline

Once you do that, you will get $200 in free bets if your team wins their game! DraftKings is also offering what it calls a “Same Game Parlay Extravaganza” that offers new and existing users up to a $150 free bet if you place a same-game parlay across all sports from now until Jan. 2! Here’s what to do:

1. Register for a new DraftKings account (if you don’t have one)
2. Bet at least $10 on a 3+ leg same-game parlay across all sports

The amount of your free bet depends on how many qualifying same-game parlays you place. For instance, if you place 5-9 same-game parlays, you’ll receive a free bet of $25 by Jan. 3. The promo continues with users who place 10-19 same-game parlays receiving a $50 free bet and so on, until you reach $150.

Grab this great offer on the DraftKings promo codes page now!

Bet $5, Get $150 Instantly

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21+ and present in most states. (18+ DC/KY/NH/WY). Void in IA/KS/KY/LA/MD/MI/NJ/NY/TN/VA/VT/ONT. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). 1 per new customer. Min. $5 deposit. Min. $5 bet. Max. $150 issued as non-withdrawable Bonus Bets that expire in 7 days (168 hours). Stake removed from payout. Terms: dkng.co/bball. Ends 1/5/25 at 11:59 PM ET. Sponsored by DraftKings. GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).

BetMGM Sportsbook Promo Code for CFP Semifinals

Finally, BetMGM Sportsbook offers college football one-game parlay insurance. All you have to do is make a one-game parlay with four or more legs, and if one of the legs loses, you will be given up to $50 of your stake back. Remember to use the promo code BOOKIES when signing up for BetMGM.

BetMGM is also offering new and existing users a free $25 bet for the CFP National Championship game on Jan. 10 if they bet at least $50 on each CFP Semifinal game.

Just head over to the BetMGM bonus codes page now for more information!

Up to $1,500 in Bonus Bets if Your First Bet Loses Promo Code: BOOKIES

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Bonus Bets Expire in 7 Days. One New Customer Offer Only. Must be 21+ to participate & present in OH. In partnership with MGM Northfield Park. Gambling problem? Call 1-800-GAMBLER. Visit BetMGM.com for T&Cs. US promotional offers not available in NY, NV, or Puerto Rico.

CFP Semifinals Betting: No. 1 Alabama vs. No. 4 Cincinnati

The first CFP semifinal features the Bearcats against the Crimson Tide. The Bearcats went 13-0 this season and will look to continue their perfect season with a win over the Crimson Tide. As for the Crimson Tide, the team went 12-1, so they also had a phenomenal year.

Despite the Bearcats being unbeaten, they are the clear betting underdogs heading into this matchup. The Crimson Tide are 13.5-point favorites based on the latest college football lines, while the total is at 57.5 at most books.

The Bearcats lost the Peach Bowl last year but the team did not let it get in the way of their goals this season. Under head coach Luke Fickell, a one-time NFL player for the New Orleans Saints, the Bearcats have enjoyed a great deal of success, having a winning record over the past four seasons. In addition, QB Desmond Ridder has had another great year under center for the Bearcats, helping the squad become the first Group of 5 team to make the College Football Playoff. If Ridder has a massive game, it could help his draft stock.

As for the Crimson Tide, head coach Nick Saban is one of the most successful college football coaches of all time. A year after winning both the Rose Bowl and the National Championship, Saban has the Crimson Tide in position to win it all again. After former starting QB Mac Jones was drafted by the New England Patriots, the Crimson Tide gave the starting QB reins to Bryce Young, and he paid off the team’s trust in him as he had a great season and won the Heisman Trophy.

CFP Semifinals Betting: No. 2 Michigan vs. No. 3 Georgia

The second CFP semifinal features the Georgia Bulldogs against the Michigan Wolverines. The Bulldogs have had a phenomenal year, going 12-1, while the Wolverines are also 12-1. Although both teams have identical records, it’s the Bulldogs who are the favorites to win this game. They are listed as 7.5-point favorites, while the total for this game is at 45.5 points.

The Bulldogs are led by Kirby Smart, who is in his sixth season as head coach. A year after winning the Peach Bowl over the Bearcats, the Bulldogs are having yet another great season. The Bulldogs could be on their way to the National Championship game for the second time in four years. If Georgia makes it, it will have another shot at ending a 42-year title drought. QB Stetson Bennett has had a strong season as the starting QB for the Bulldogs, taking over midway through the season for the injured JT Daniels. Both Stetson and Daniels will be active for this game.

As for the Wolverines, Jim Harbaugh is in his seventh season as the head coach of the team. After a losing season in 2020, the Wolverines are back to where they want to be - just one win away from playing in their first CFP National title game. QB Cade McNamara has had a strong year under center for the squad, which has exceeded all expectations up to this point.