The 1948 Baylor squad finished the regular season 5–3–2 with losses against Texas, Tulane and SMU and ties against Mississippi State and Rice.
[1] Following their tie against Rice, Dixie Bowl officials extended the Bears an invitation to play in the 1949 edition of the game, which Baylor accepted.
[4] Following their victory over Duke, Dixie Bowl officials extended the Demon Deacons an invitation to play in the 1949 edition of the game, which Wake accepted.
[6] Baylor opened the scoring in the first quarter after George Sims intercepted a Wake pass and returned it 52 yards to the Demon Deacons eight-yard line.
[3][7] Baylor extended their lead to 20–0 at halftime after Jerry Mangrum scored from one-yard out and Harold Riley connected with Ray Painter for a 12-yard touchdown reception.