No need to study, blindly bet them
Favorites won 23 of the 38 bowls (the national title game doesn't count as a bowl game), but underdogs ended up 21-17 ATS with those 15 outright upsets plus 6 covers in SU losses; dogs were 10-2 ATS in last dozen bowls starting with OU vs. Alabama; in totals wagering, Unders came out ahead 19-18-1.
Favorites won 23 of the 38 bowls (the national title game doesn't count as a bowl game), but underdogs ended up 21-17 ATS with those 15 outright upsets plus 6 covers in SU losses; dogs were 10-2 ATS in last dozen bowls starting with OU vs. Alabama; in totals wagering, Unders came out ahead 19-18-1.