Florida and Michigan both own storied bowl histories, but not as much as of late.

The Gators are just 1-3 both straight up and against the spread over their last four bowl games, while the Wolverines are just 1-4 SU and 1-3-1 ATS over their last five bowls.

In a rematch of a bowl from three seasons ago, Florida meets Michigan in the Peach Bowl in Atlanta.

College football point spread: The Wolverines opened as 7.5-point favorites, according to sportsbooks monitored by OddsShark. (Line updates and matchup report)

College football betting pick, via OddsShark computer: 35.2-29.0 Wolverines (College football picks on every game)

Why the Florida Gators can cover the spread

The Gators started 6-1 this season, with wins over Mississippi State and LSU. The only loss came against what turned out to be a pretty good Kentucky team.

Florida then lost back-to-back games to eventual SEC East champion Georgia and Missouri but bounced back to win its last three in a row to finish 5-3 in SEC play.

The Gators are back in a bowl after missing out last season.

Florida concluded its regular season with a 41-14 romp over rival Florida State. The Gators outgained the Seminoles that day 536-293 and outrushed FSU 282-139. Florida outgained and outrushed eight of its last 10 opponents, going 7-3 ATS in the process.

The Gators are also 2-1 both SU and ATS this season as underdogs on the college football betting lines.

Why the Michigan Wolverines can cover the spread

The Wolverines opened this season with a loss at eventual College Football Playoff qualifier Notre Dame then won its next 10 games in a row, beating Big Ten West champion Northwestern, Wisconsin, Michigan State and Penn State along the way.

Michigan then ended its regular season with a thud, losing at Ohio State 62-39 to finish 8-1 in Big Ten play. Nonetheless, it is playing in a bowl for the fourth straight season.

The Wolverines only trailed the Buckeyes by one score late into the third quarter, but a blocked punt returned for an Ohio State touchdown opened the floodgates.

Michigan, led by the top-ranked defense in FBS, outgained 11 of its 12 opponents and outrushed 10 of its 12 foes. The Wolverines are 3-2 ATS this season when favored by 14 points or less.

Smart betting pick

Michigan pounded Florida in the Citrus Bowl three years ago, 41-7, then beat the Gators to open last season, 33-17.

But while the Wolverines are an even better team now, so is Florida. Also, Michigan will play this bowl without leading rusher Karan Higdon and two NFL-worthy defensive starters, who are opting out for the draft.

The smart money here takes the Gators and the points.

College football betting trends

The total has gone over in Florida's last four games versus Michigan.

The total has gone over in six of Michigan's last seven games versus the SEC.

Florida is 8-2 SU and 7-3 ATS in its last 10 games.

All college football odds and betting trends according to Bleacher Report's official odds partner, OddsShark. Check out OddsShark on Twitter and Instagram or head to YouTube for more betting picks and analysis on this week's top games. You can also download the free odds tracker app.