Despite the betting odds, ESPN's Football Power Index (FPI) system lists the Longhorns as the projected winner. The computer-generated system, which calculates win probability, strength of schedule and team statistics, gives Texas a 50.7% chance to win the game and advance to the national title match.

The College Football Playoff expanded to 12 teams to get some new blood — but the final four are decidedly blueblood. All four teams are among the eight programs with at least 900 all-time

Texas will travel to Arlington for the Cotton Bowl, with a spot in the national championship on the line. Who they play next remains to be seen.