According to the Vegas Insider site, the line started out with UGA a 4.5 point favorite. Now, some betting houses have us as a 1-point favorite, others have UGA as a 1-point favorite, and some have it as Pick.
Regardless, it's clear that bettors have been loading up on Alabama, driving the line down from its opening point. Whether the "smart money" (defined as professional bettors) has run yet, I don't know.
If it has, that would indicate they favor us. If it hasn't, it would indicate that they feel UGA will win, and they're just waiting for what they view as a more advantageous line.