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.

However, before the First Four games start on March 14, many place futures bets on which team will lift the trophy at NRG Stadium, Houston, Texas, on April 3. View the latest odds for teams to make it to the Final Four and the outright winner of March Madness 2023.

Odds To Win 2023 NCAA DI Men's Basketball Tournament

2023 NCAA DI Men's Basketball Tournament: Odds to win
2023 NCAA DI Men's Basketball Tournament: Odds to win
11/01/22 @ 0:00
Team Win
Gonzaga +800
Houston +850
North Carolina +900
Kentucky +900
Duke +1400
Kansas +1400
Arkansas +1500
Baylor +1500
UCLA +1600
Arizona +2000
Creighton +2500
Michigan +3000
Texas Tech +3000
Indiana +3500
Tennessee +3500
Texas +4000
Villanova +4000
Alabama +5000
Illinois +4000
TCU +4000
Auburn +4500
Purdue +5000
Oregon (#15) +5000
Virginia +6000
Florida +6000
San Diego State +6000
USC +7000
Michigan State +8000
Dayton +8000
Florida State +8000
Ohio State +8000
Xavier +8000
Connecticut +8000
Miami Florida +10000
Memphis +10000
Saint Louis +10000
Texas A&M +10000
Notre Dame +10000
Iowa +10000
Syracuse +10000
Wisconsin +10000
Louisville +10000
Oklahoma +10000
Providence +10000
Virginia Tech +10000
Colorado State +12500
Seton Hall +12500
Davidson +15000
St. Marys +15000
LSU +15000
Marquette +15000
Maryland +15000
Colorado +15000
Loyola Chicago +17500
Iowa State +17500
Arizona State +20000
Kansas State +20000
Mississippi State +20000
Oklahoma State +20000
Virginia Commonwealth +20000
West Virginia +20000
Wyoming +20000
Butler +20000
Mississippi +20000
St. Bonaventure +25000
Wake Forest +25000
BYU +25000
Drake +25000
St. Peter's +25000
Vanderbilt +30000
Belmont +30000
Wichita State +30000
Utah State +30000
Washington State +30000
NC State +35000
Rutgers +40000
Boise State +40000
Cincinnati +40000
Clemson +40000
SMU +40000
South Carolina +30000
Washington +40000
Missouri +40000
Georgetown +50000
Minnesota +50000
Penn State (#14) +50000
San Francisco +50000
Stanford +50000
Georgia Tech +50000
Northwestern +50000
Richmond +50000
Utah U +50000
Georgia +60000
Boston College +60000
California +60000
Fresno State +60000
Murray State +60000
Nebraska +60000
New Mexico State +60000
Oregon State +60000
Pittsburgh  +60000

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

  • Where are the 2023 Finals of March Madness?

    The NRG Stadium in Houston Texas will host the 2023 Final Four matchups on April 1 and the title game on April 3.

  • 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 2022?

    The Kansas Jayhawks pulled off the biggest comeback in a national championship game ever, defeating North Carolina 72–69 to secure the Jayhawks' fourth NCAA Division I title.

  • Who's the favorite to win March Madness 2023?

    The opening favorites are the Duke Blue Devils.