The new year kicks off with a loaded college football slate as the College Football Playoff quarterfinals continue on Thursday. Fans looking to get in on the action can use the BetMGM bonus code CBSSPORTS, which gives new users $150 in bonus bets if their first bet wins or up to $1,500 in bonus bets if their first bet loses, depending on where they are located. Alabama clashes with Indiana at 4 p.m. ET, and Ole Miss and Georgia meet for an all-SEC showdown at 8 p.m. ET. Click here to sign up for BetMGM and get bonus bets for the CFP quarterfinals:

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Best bets for New Year's Day college football

Many were surprised when the Alabama Crimson Tide made the playoff, but Kalen DeBoer's team claimed an impressive win over Oklahoma in the first round. Their reward is a trip to the Rose Bowl to take on the undefeated Indiana Hoosiers. Curt Cignetti's incredible turnaround of the Indiana program is the story of the college football season, with quarterback Fernando Mendoza playing his way to Heisman Trophy honors. Despite their controversial playoff berth, the Tide (+7.5) are no pushovers, and this could be the game of the day. The SportsLine Projection Model, which simulates every game 10,000 times, has Alabama covering in 63% of its sims.

Ole Miss' trip to the Sugar Bowl is an odd one, as coach Lane Kiffin infamously defected to LSU just before the playoff. Defensive coordinator Pete Golding took his place and led the Rebels to a 31-point win over Tulane in the first round, so the team should feel comfortable with him at the helm as it takes on a much more dangerous foe. Kirby Smart's Georgia Bulldogs, the No. 3 seed, beat Ole Miss 43-35 in the regular season, and they are 6.5-point favorites on Thursday night. The SportsLine model has Ole Miss covering in 57% of its simulations.

You can get bonus bets when you bet on the College Football Playoff at BetMGM:

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