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.

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