SMU is the betting favorite to advance to the College Football Playoff against Alabama.

The Mustangs ended the evening as about -330 favorites for the CFP spot on most sports betting apps. However, this price has been rising since Sunday morning. FanDuel has SMU at -1000 to reach the CFP at the time of publication.

SMU appeared to be in for a long night in the ACC Championship Game against Clemson on Saturday night. The Tigers took a 14-point lead with 10:47 left in the first quarter and only relinquished their double-digit lead when an SMU field goal cut the deficit to seven with 6:56 left.

SMU eventually tied the game in the final minute of the game before Clemson was able to score a 56-yard field goal at the buzzer to win the game. Without this late prosecution, the SMU might have dropped out of the CFP altogether.

If the betting markets are correct, that means only three teams in the SEC will make the College Football Playoff in the first year of the 12-team era: Georgia, Texas and Tennessee. The Big Ten is expected to host four teams, while the ACC would have two in this scenario. The Big 12 (1), Mountain West (1) and Notre Dame are responsible for the other scheduled berths.

The final CFP rankings will be announced at noon ET on ESPN.