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The College Football Playoff continues with a semifinal matchup on Friday night. The No. 1 seed Indiana Hoosiers battle the No. 5 Oregon Ducks on Friday at 7:30 p.m. ET. Indiana vs. Oregon in the Peach Bowl will unfold at Mercedes-Benz Stadium in Atlanta. 

The latest College Football Playoff odds list the Hoosiers as 3.5-point favorites against Oregon, while the over/under for total points scored is 48.5. Indiana is the +134 favorite (risk $100 to win $134) to win it all, followed by Miami (+172) and Oregon (+290). If you're wondering where to find the best college football odds or looking for sportsbook promos and betting sites for the College Football Playoff semifinals, you can read more below, along with picks for Oregon vs. Indiana.

Sportsbook offers

Here are the top sportsbook promos for new users ahead of the CFP quarterfinals.

Brand

Promo

Promo Code

DraftKings

Bet $5, get $300 in bonus bets if your first bet wins

Just click here

bet365

Bet $5, get $200 in bonus bets instantly 

CBSBET365

BetMGM

Up to $1,500 in bonus bets if your first bet loses

CBSSPORTS

Caesars

First bet matched up to $250 as a bonus bet, win or lose

CBSSPORTS250BM

FanDuel

Bet $5, get $300 in bonus bets if your bet wins

Just click here

Fanatics

Bet and get up to $2,000 in No Sweat Bets FanCash

CBSFAN

Betting on college football bowl season

The model simulates every FBS game 10,000 times, and it is 31-19 on its top-rated college football money-line picks since the beginning of the 2024 season. Anybody following its college football betting picks at sportsbooks and on betting sites could have seen strong returns.

Under 48.5 points in Indiana vs. Oregon (-105)

The Hoosiers went to Eugene and beat the Ducks 30-20 during the regular season, and it was a true arrival moment for Indiana as a program. Now they're the clear-cut No. 1 team in the nation after winning the Big Ten championship and drubbing Alabama in the quarterfinals. However, Oregon's defense just shut out a very good Texas Tech offense, and this has the potential to look like a barroom brawl. The model predicts that the Under hits in 59% of simulations with just 46 projected points. Bet on the Under at bet365, where new users can get $200 in bonus bets after placing a first wager of $5 or more.

Oregon +3.5 vs. Indiana (-105)

We've already seen a couple of regular-season rematches in the College Football Playoff, and both Ole Miss and Alabama were able to avenge those losses. Indiana has the potential to go down as one of the most dominant teams in college football history, but Oregon flipped a switch last week defensively against Texas Tech. They'll look to drag the Hoosiers into a mud fight, and the model thinks that a physical battle gives Oregon the leeway it needs here. The Ducks cover the spread in 54% of simulations. Bet on Oregon at FanDuel Sportsbook, where new users can bet $5, get $300 in bonus bets if your bet wins

Responsible gaming

It's important for bettors to understand responsible gaming and not fall into dangerous habits such as chasing losses. Sportsbooks offer tools such as time and wager limits to help out their users in this regard. Bettors can also use national resources like The National Council on Problem GamingGamblers Anonymous, and 1-800-GAMBLER.