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Picking the CFP semis: Alabama and Texas have the edge to reach the national championship game

The final four-team College Football Playoff promises to be one of the closest in the 10-year history of the event.

The combined spread of the two New Year's Day semifinals sits at six points, according to FanDuel Sportsbook. No. 1 Michigan is a 1 1/2-point favorite against fourth-seeded Alabama in the Rose Bowl. No. 3 Texas is a 4 1/2-point favorite over No. 2 Washington in the Sugar Bowl.

That's the smallest combined line for the CFP semifinals since the 2017 playoff, when Georgia beat Oklahoma in overtime at the Rose Bowl as a 2 1/2-point favorite and Alabama was favored by 3 1/2 against Clemson in the Sugar Bowl and rolled over the Tigers.