march madness odds

The NCAA Men’s Division I Basketball Tournament (famously known as March Madness) is one of the most popular events in the sporting calendar – second only to the NFL Super Bowl in terms of betting volume. This prestigious three-week tourney gives sports bettors 67 games to wager on.

2024 NCAA Men's National Champion

2024 NCAA DI Mens Basketball Tournament - March Madness: National Champion
Team Odds
Duke +1100
Kentucky +1300
UConn +1400
Marquette +1800
Kansas +1200
Purdue +1200
Michigan State +1600
Alabama +2200
Arizona +2200
Houston +2000
Arkansas +2000
North Carolina +2500
Texas +2200
Gonzaga +2200
UCLA +2200
Creighton +3000
Baylor +3300
USC +3000
Tennessee +3300
Miami FL +3300
Maryland +2800
Villanova +4000
Florida Atlantic +4000
Michigan +7000
TCU +5000
Xavier +5000
Auburn +4500
Saint Marys +5500
Oregon +6000
Illinois +5000
West Virginia +4500
Texas A&M +5500
Ohio State +7000
Virginia +6500
Iowa State +8000
Indiana +6600
Florida +7000
Kansas State +8500
San Diego State +8500
Texas Tech +8500
Memphis +9000
Oklahoma State +10000
Colorado +10000
Saint Johns +10000
Wisconsin +12500
Providence +12500
Iowa +12500
Louisville +15000
Rutgers +15000
Penn State +15000
Virginia Tech +17500
North Carolina State +17500
Missouri +15000
Syracuse +17500
Arizona State +17500
Stanford +17500
Washington State +17500
Mississippi State +17500
New Mexico +17500
Florida State +17500
Oklahoma +17500
Ole Miss +12500
Utah State +20000
Clemson +20000
Vanderbilt +20000
Nevada +20000
Northwestern +20000
LSU +20000
Wake Forest +27500
Boise State +22500
Cincinnati +27500
Charleston +22500
Notre Dame +28000
Seton Hall +22500
Pittsburgh +27500
Georgetown +35000
VCU +35000
UAB +35000
Dayton +35000
Utah +35000
Drake +35000
Georgia Tech +35000
Georgia +35000
UCF +35000
BYU +35000
South Carolina +35000
Butler +35000
Toledo +45000
Belmont +45000
Nebraska +45000
Loyola Chicago +45000
Oregon State +45000
Saint Louis +45000
UNLV +45000
North Texas +45000
Kent State +45000
Wichita State +45000
Washington +45000
Tulane +75000
Temple +75000
California +50000
Davidson +75000
Minnesota +75000
Boston College +75000
DePaul +75000

2024 NCAA Women's National Champion

2024 NCAA DI Womens Basketball Tournament - March Madness: National Champion
Team Odds
UConn +425
LSU +250
Iowa +675
Utah +800
Indiana +850
Virginia Tech +1000
South Carolina +1100
Ohio State +1500
UCLA +1300
Notre Dame +1500
Stanford +2200
Tennessee +2500
Texas +2800
Maryland +2800
Duke +5500
Baylor +5500
North Carolina +6000
Creighton +6500
Louisville +9000
North Carolina State +10000
Iowa State +15000
Michigan +15000
Villanova +15000
Gonzaga +20000

2023 March Madness Dates

  • Selection Sunday: Sunday, March 12
  • First Four: March 14-15
  • First round: March 16-17
  • Second round: March 18-19
  • Sweet 16: March 23-24
  • Elite Eight: March 25-26
  • Final Four: April 1
  • NCAA championship game: April 3

March Madness Live Betting

Top online sportsbooks offer a range of live betting options for March Madness games. These wagering options let you get a feel for a game and lock in odds that change throughout the matchup.

In-game bets let you hedge your initial wagers if a game starts to play out differently from how you were expecting.

Popular Live Wagering Options

  • Moneyline
  • Totals for first of second half
  • Individual prop bets

March Madness Prop Bets

Prop bets are wagering options that are separate from what happens concerning the spread, total, or moneyline winner of a game. Usually, you can place prop bets on individual players – these include how many points, rebounds, assists, etc., a player will achieve during a game.

Be aware that this type of wagering is not permitted in certain states. Other prop bets include how many assists a team will pull off during a game or the number of successful shots from outside the arc, for example.

NCAA Division I Men’s Basketball Tournament Betting History

Oregon won the first-ever NCAA Division I Men’s Basketball Tournament by beating Ohio State University 46–33 on March 27, 1939. For the first 12 years, only eight teams participated in the event.

However, the number of competing teams steadily increased until the NCAA released a 65-team tournament format in 2001. This new structure was a hit amongst fans and bettors alike.

In 2005, the amateur basketball tourney became the second most popular sporting event for gambling (second only to the Super Bowl).

Six years later in 2011, the NCAA allowed a total of 68 teams to qualify for the “big dance.” As the tourney grew in size, so did the level of betting interest.

View the latest odds for all individual NCAA Division I games.

Frequently Asked Questions

What is the tournament format of March Madness?

After four “play-in” games - known as the First Four - March Madness breaks into four regions of 16 teams. The winning teams from those regions make it to the Final Four to decide which teams will face off in the final Championship Game.

Which team won March Madness in 2023?

UConn (#4 seed) won its fifth national championship in 2023 after beating San Diego State 76-59. Forward Adama Sanogo and guard Jordan Hawkins contributed to the Huskies win by earning an average margin of 20 ppg.

Who's the favorite to win NCAA March Madness 2024?

Duke opened as the bookmakers favorite at odds of +1100.