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 March Madness

2023 NCAA DI Men's Basketball Tournament: Odds to win
Team Odds
Oral Roberts +25000
Houston (#2) +650
Alabama (#3) +1000
Purdue +800
Kansas (#9) +1200
Tennessee (#6) +1200
UCLA (#7) +1400
Arizona (#4) +1400
TCU (#17) +2000
Connecticut (#21) +2200
Texas (#5) +2200
Virginia (#8) +2200
Baylor (#14) +2000
Gonzaga (#16) +2800
North Carolina +2800
Xavier (#13) +2800
Marquette (#10) +3300
Kentucky +3300
Creighton (#23) +4000
Iowa State (#11) +4000
Duke +4000
Kansas State (#12) +5000
St. Marys +3000
Illinois +5500
Indiana (#18) +4000
Arkansas +5000
Michigan State +6500
San Diego State (#25) +6600
Rutgers (#24) +7500
Auburn +8000
Villanova +8000
Wisconsin +8000
Miami Florida +8000
Missouri +9000
Ohio State +10000
Memphis +10000
Maryland +10000
Texas Tech +10000
Iowa +10000
Virginia Tech +10000
Providence (#20) +10000
USC +10000
West Virginia +12500
Saint Louis +12500
Clemson +12500
Michigan +15000
Oregon +15000
Mississippi State +15000
Florida +10000
Utah State +15000
Penn State +15000
Oklahoma State +15000
Oklahoma +15000
Arizona State +17500
New Mexico +17500
Texas A&M +20000
NC State +10000
Notre Dame +20000
LSU +20000
Wake Forest +20000
Utah U +20000
Seton Hall +20000
Pittsburgh +20000
Butler +25000
Drake +30000
Colorado State +30000
Dayton +30000
Syracuse +30000
UAB +30000
Colorado +30000
Wichita State +30000
Boise State +30000
Washington State +30000
Cincinnati +30000
South Carolina +30000
Florida Atlantic +30000
Vanderbilt +40000
BYU +40000
Mississippi +40000
Washington +40000
Virginia Commonwealth +50000
Wyoming +50000
Loyola Chicago +50000
San Francisco +50000
Stanford +50000
Georgia Tech +50000
Richmond +50000
Georgetown +50000
Belmont +50000
Davidson +60000
SMU +60000
St. Bonaventure +60000
Florida State +60000
Fresno State +60000
Nebraska +60000
Louisville +60000
Georgia +60000
Boston College +60000
Minnesota U +60000
California +60000
New Mexico State +60000
Oregon State +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.