Arkansas and LSU had enjoyed a neighboring-state rivalry beginning in 1901. The two teams had not met since 1936, the end of a 23-year run of meetings in Shreveport. The 9-1 Tigers, led by quarterback Y. A. Tittle, were not invited to play in the 1947 Sugar Bowl, and instead matched up with the rival Razorbacks. Arkansas entered at 6-3-1, losing at Texas and Tulsa, versus Ole Miss, and tying Oklahoma A&M. The rain, sleet, snow, and ice from a winter storm would keep many members of the sellout crowd home, but 38,000 still showed up to watch the icy skirmish.
LSU was 1-3 in bowl games previous to the Ice Bowl, and Arkansas was 0-0-1, with their tie in the 1934 Dixie Classic.
The Razorbacks were statistically beaten by the Tigers, who held a 15-1 advantage in first downs. LSU also held a yardage advantage of 271-54. The Razorback defense stiffened in the red zone, however, holding the Tigers off the board from 1, 6, 7, and 8 yards out. Despite the cold and bad conditions, the final two plays were very dramatic. Tittle threw a pass to Jeff Adams, who was running to the end zone, but Clyde Scott of Arkansas tackled him at the one. LSU was in position for a game winning field goal, but there was a bad snap, and the game ended with a tie.
Tittle was named the game's Most Valuable Player.