"E" means the game was rated even
| Bowl | Favorite | Underdog |
|---|---|---|
| California Rasin | Bowling Green 28 | Fresno State 21 |
| Aloha | Stanford 17 | Georgia Tech 18 |
| Blockbuster | Alabama 34 | Colorado 25 |
| Independence | Georgia 24 | Arkansas 15 |
| Liberty | Mississippi State 15 | Air Force 38 |
| Gator | Virginia 14 | Oklahoma 48 |
| Holiday | Brigham Young 13 | Iowa 13 |
| Freedom | San Diego State 17 | Tulsa 28 |
| John Hancock | UCLA 6 | Illinois 3 |
| Copper | Baylor 0 | Indiana 24 |
| Peach | East Carolina 37 | North Carolina State 34 |
| Hall of Fame | Syracuse 24 | Ohio State 17 |
| Citrus | California 37 | Clemson 13 |
| Cotton | Florida State 10 | Texas A&M 2 |
| Fiesta | Penn State 42 | Tennessee 17 |
| Rose | Washington 34 | Michigan 14 |
| Orange ** | Miami (Fla.) 22 | Nebraska 0 |
| Sugar | Florida 28 | Notre Dame 39 |