March Madness odds 2023: Updated betting odds for every team to win the NCAA Tournament
Now that the field of this year’s NCAA tournament is officially set, chances are that all 68 teams will have a chance to be the only school lucky enough to drop the nets in Houston on April 3rd. While the field will soon be reduced to 64 teams after completing the First Four matchups on Tuesday and Wednesday nights, it’s still cool to see schools like this Southeastern state of Missouri (+100000) And Howard (+100000) grouped with blue flowers like Kansas (+800) And UCLA (+1200).
In a single-game elimination tournament, surprises are inevitable, giving ambitious bettors a chance to cash in on some juicy underdog sleepers as long as they are able to uncover those capable of killing the giant.
It may be wise to look at the current form for schools in relation to their sowing. A team entering the tournament red hot and perhaps not one of the top seeds could continue their hot streak in March Madness.
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Despite finishing at No. 1 last year, eventual national champions Kansas Jayhawks have been among tournament winners in their last five games and 11 of their last 14. Then there’s last season’s runner-up, North Carolina. The Tar Heels won 12 of their last 15 regular season games and followed that up with five tournament wins to reach the National Championship. This is by no means a foolproof strategy, but it could help you win a few extra bucks.
Sure, it would be nice to cash in a +100,000 future bet on Farleigh Dickinson to win the National Championship, but as the odds imply, you’re more likely to rip that ticket than head out to the betting counter to claim your winnings to collect You’re probably better off taking this team against the spread in the first round than betting them to win the whole thing. The payout won’t be nearly as big, but your chances of winning some money are exponentially better.
MORE NCAA TOURNAMENT BETS:
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When it comes to extracting “value”, meaning finding a team whose odds don’t necessarily reflect their abilities, you can still make a valuable bet on a team with lower odds. State of San Diego (+8000) actually enters the tournament field underrated despite being seeded as a fiver. We’ll see if the Aztecs make a run, but their 80-1 odds are tempting.
What are the odds for the 2023 NCAA tournament? Here’s a look at the opening board with each school’s odds of winning it all.
MORE: Print your 2023 March Madness bracket here
Updated March Madness Odds 2023
All four No. 1 seeded teams enter March Madness as the teams to beat, with second seeded overall, Houston (+550), enter the tournament with the best odds to fell the nets. After the cougars Kansas (+800), Alabama (+800)And Purdue (+1100) are three of the schools with the best odds.
Houston was just one win away from reaching their second straight Final Four last season and having progressed through the American Conference, Kelvin Sampson’s group is firmly established as the team to be seeded via BetMGM.
Kansas appears to be the first repeat national champion since the Florida Gators made it in the late 2000s as Bill Self’s group is able to pull off another deep tournament run.
Alabama argues price-wise is the team to beat and is slightly underpriced at +800. Alabama knocked Houston out on the street in early December and may have the highest ceiling of any school.
EXPERT PACKAGES: DeCourcy (Alabama) | Bender (Kansas) | Fagan (Marquette) | Pohnl (Kansas)
Purdue enters the tournament as No. 1 for the first time since 1996. The Boilermakers have combined their Big Ten regular-season title with a Big Ten tournament championship and are looking to return to the Final Four for the first time since 1980.
While these four schools are favorites, many intriguing sleepers are capable of defeating the top seedlings en route to a deep tournament run. Arkansas (+5000) And Texas A&M (+5000) carry a price of 50-1 and can compete with any team on a neutral spot. For those looking for some long shots, it wouldn’t be surprising to see this Furmann (+50000) And UC Santa Barbara (+100000) Knock out your opponents from the first round and give them a chance to see their odds drop as the tournament progresses.
Below are the starting odds for each team to win the NCAA tournament, per BetMGM. These odds change prior to the First Four and Round 1 of the tournament.
| School | opportunities |
| Houston | +550 |
| Kansas | +800 |
| Alabama | +800 |
| Purdue | +1100 |
| UCLA | +1200 |
| Arizona | +1200 |
| Texas | +1600 |
| Connecticut | +1600 |
| gonzaga | +1600 |
| Marquette | +1700 |
| Baylor | +1800 |
| duke | +3000 |
| Tennessee | +3000 |
| Indiana | +3500 |
| TCU | +3500 |
| Kentucky | +4000 |
| Virginia | +4000 |
| Creighton | +4000 |
| Saint Mary’s (California) | +4000 |
| Arkansas | +5000 |
| Miami, FL) | +5000 |
| Texas A&M | +5000 |
| xavier | +5000 |
| State of Kansas | +5000 |
| State of Iowa | +6600 |
| Illinois | +8000 |
| memphis | +8000 |
| State of San Diego | +8000 |
| Maryland | +8000 |
| Maroon | +10000 |
| State of Michigan | +10000 |
| Iowa | +10000 |
| West Virginia | +12500 |
| providence | +12500 |
| Pennsylvania | +15000 |
| NC state | +15000 |
| northwest | +15000 |
| U.S.C | +20000 |
| State of Arizona | +20000 |
| State of Utah | +20000 |
| State of Boise | +20000 |
| Missouri | +20000 |
| Pittsburgh | +20000 |
| Florida Atlantic | +20000 |
| VCU | +25000 |
| Oral Roberts | +25000 |
| College of Charleston | +25000 |
| State of Mississippi | +25000 |
| Iona | +50000 |
| drake | +50000 |
| Nevada | +50000 |
| Kent State | +50000 |
| Furman | +50000 |
| Louisiana | +50000 |
| UC Santa Barbara | +100000 |
| Vermont | +100000 |
| Colgate | +100000 |
| Howard | +100000 |
| State of Montana | +100000 |
| Kennesaw State | +100000 |
| UNC Ashville | +100000 |
| Northern Kentucky | +100000 |
| State of Southeast Missouri | +100000 |
| Farleigh Dickinson | +100000 |
| Texas A&M Corpus Christi | +100000 |
| Princeton | +100000 |
| Grand Canyon | +100000 |