Texas football vs. UW: Last-minute betting odds for UT in CFP semis

In under two hours, No. 3 Texas football (12-1, 8-1 Big 12) and head coach Steve Sarkisian will kick off the College Football Playoff Semifinals game at the Allstate Sugar Bowl against head coach Kalen DeBoer and the No. 2 Washington Huskies (13-0, 9-0 PAC-12).

This is a rematch between Texas and Washington from last year's Alamo Bowl. The Huskies bested the Longhorns in the Alamo Bowl last postseason by a score of 27-20.

Texas is making its first ever appearance in the College Football Playoff. And the last time the Longhorns made the National Championship Game was against the Alabama Crimson Tide in the BCS title game at the Rose Bowl during the 2009-10 season.

Sarkisian has gotten the Longhorns to the Playoff in just his third year at the helm as the head coach.

Washington is making its second appearance in the College Football Playoff. The first Playoff appearance for the Huskies was in the 2016-17 season, against No. 1 Alabama.

DeBoer has made it to the Playoff in just his second year as Washington's head coach.

Sarkisian and the Longhorns are favored against DeBoer and the Huskies in the late betting odds roughly 90 minutes before kickoff at the Sugar Bowl.

Here are the late betting odds for the College Football Playoff Semifinals game at the Allstate Sugar Bowl between No. 3 Texas and No. 2 Washington on Jan. 1, with the kickoff time set for 7:45 p.m. CT.

The Sugar Bowl will be played at Caesars Superdome in New Orleans, LA.

Last-minute betting odds for College Football Playoff Semifinals at the Sugar Bowl between Texas football and Washington

Texas is a 3.5-point favorite over Washington in the Sugar Bowl (per FanDuel). The Longhorns are also favored in the moneyline (-156) over Washington (+130).

The over/under is 61.5 points.

The spread has condensed one-point in Washington's favor on the day of the Sugar Bowl after Texas opened as a 4.5-point favorite for the semis.

The ESPN matchup predictor gives Texas a 68.7 percent chance of beating Washington in the Sugar Bowl on Jan. 1.