College football bowl season unfolds over the course of several weeks, but Saturday is the day many look forward to the most. The 2022 College Football Playoff semifinals are set to unfold with an intriguing field this year. No. 2 Michigan vs. No. 3 TCU play in the 2022 Fiesta Bowl at 4 p.m. ET. Top-seeded Georgia will take on No. 4 Ohio State in the 2022 Peach Bowl at 8 p.m. ET. The latest college football odds from Caesars Sportsbook list the Bulldogs at -6 and the Wolverines at -7.5 in those CFP semifinals matchups.

The other games on the Saturday college football bowl schedule are No. 5 Alabama against No. 9 Kansas State (+7) in the 2022 Sugar Bowl and Iowa vs. Kentucky (+2.5) in the 2022 Music City Bowl. Both those games kick at noon ET. Which teams in the playoffs or other bowls should you be targeting in your college football bets on New Year's Eve? Before locking in any college football picks for Friday's action, be sure to see the college football bowl predictions and best bets for Dec. 31 from Barrett Sallee.

Sallee is a true insider -- a CBS Sports analyst, SiriusXM host, Heisman voter and consistently one of the top CBS Sports experts picking games against the spread -- and his best bets have helped bring in huge returns. He debuted with SportsLine in 2017 and has delivered a profitable record on his college football picks. Over the past three-plus years, he is 126-122 in his popular best bets column at SportsLine. 

Now, Sallee has turned his attention to the college football odds from Caesars for bowl action on Saturday and locked in his top three best bets over at SportsLine. If you parlay them together, you could be looking at a return of around 6-1. Get his top college football picks right here

Top college football expert predictions for Dec. 31, 2022

One of Sallee's top college football picks for bowl action on Saturday: He's taking the Under (58) in the College Football Playoff semifinal matchup between No. 2 Michigan and No. 3 TCU.

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Michigan ranked second in the Big Ten in scoring defense, giving up just 13.4 points per game. TCU is giving up 25 points per game, which ranks fourth in the Big 12, and Sallee says this game will take a little while to get rolling as the teams settle in.

"The Under has hit in eight of Michigan's 13 games due largely to the fact that its defense has been the most consistent unit in the Big Ten throughout the season," Sallee told SportsLine. "That won't change now that we are in the postseason. In fact, that might not be what TCU wants either. The Under has hit in four of its last five games due in large part to the unfounded notion that Big 12 football is basketball on grass. This will be like a heavyweight fight with both teams feeling each other out before throwing some punches." See who else to back at SportsLine.

How to make college football picks for Dec. 31, 2022

Sallee has also found two other college football picks he's high on, including one on a team he says "is being dismissed." You can only see his CFB picks at SportsLine.

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What are the best bets for college football bowl action on Saturday? And which college football picks need to be part of your parlays? Visit SportsLine now to see Barrett Sallee's college football best bets, all from one of the top analysts in the nation who has crushed his picks for SportsLine, and find out.