Michigan coach Jim Harbaugh and quarterback J.J. McCarthy. Junfu Han / USA TODAY NETWORK

Early CFP semifinals odds: Who are you backing in Rose Bowl and Sugar Bowl?

For many people, December is about decorating the house with twinkling lights and attending debaucherous office parties. But in the sports world, this is the month when college football reigns supreme as bowl games get underway and the road to the CFP championship game becomes more clear.

The exciting weekend of conference championship games has wrapped up and Action Network already has its sights set on the Rose Bowl and Sugar Bowl on New Year's day. 

Here is an early look at the odds for the CFP semifinals.

The margin is thin for the 2023 Rose Bowl, as the Michigan Wolverines are 1.5-point favorites at Action Network to beat the Alabama Crimson Tide. Nick Saban's team upset at dominant Georgia Bulldogs squad in the SEC championship game, but it looks like oddsmakers are leaning toward Jim Harbaugh and J.J. McCarthy to advance to the CFP championship game.

As for the Sugar Bowl, Action Network currently lists the Texas Longhorns as 4.5-point favorites to beat the Washington Huskies down in New Orleans. Heisman hopeful Michael Penix Jr. led the Huskies in a thrilling 34-31 win against Bo Nix and the Oregon Ducks in the Pac-12 championship game, and it will be very interesting to see him go up against a Longhorns team who just upended Oklahoma State 49-21 this last weekend. 

As for the favorite to win it all, DraftKings has Michigan listed as the +185 favorite on the moneyline just a couple of days after the conference finals. Alabama is lited at +200, while Texas is priced at +260 and Washington is the +750 longshot.

More must-reads:

TODAY'S BEST
Two young stars get hefty bonuses for making All-NBA teams
Mavericks star duo joins exclusive club with Game 1 win
Mavericks ride 'Luka Magic' on both ends late to win Game 1
Panthers shut out Rangers 3-0 in Eastern Conference Final opener
NBA announces 2023-24 All-NBA teams
Star Padres infielder to miss significant time with shoulder injury
LeBron James, Charles Barkley passionately defend Caitlin Clark from 'petty' haters
Roger Goodell discusses factors for possible 18-game NFL season
Cowboys QB Dak Prescott has intriguing comment on his contract situation
Celtics toying around with surprise Jayson Tatum move in conference finals
Former teammate warns Tee Higgins about pitfalls of playing on franchise tag
Watch: Timberwolves and Mavericks trade dunks in third quarter
Yankees owner Hal Steinbrenner tempers expectations for Juan Soto extension
Canucks' Rick Tocchet wins 2024 Jack Adams Award
Incredible Orioles streak finally comes to end against Cardinals
Raiders QB shares surprising reason for switching jersey number
New Jersey Devils to hire just-fired head coach to lead bench
Latest announcements show how deep Knicks' injury issues ran
Veteran WR announces retirement after nine seasons
Eagles stars defend new DC following criticism