College Basketball Betting Futures

Odds To Win March Madness 2023

Here are the College Basketball Tournament Odds from BetOnline – Updated: 09/30/2020

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Win NCAA ChampionshipOdds
Loyola Chicago1600
Florida State2000
Oregon State6600
Oral Roberts8000

March Madness Favorites

  • Mar 20 – No. 3 Texas is stunned by No. 14 Abilene Christian in the first round. Many felt Texas could make a deep run.
  • Mar 19 – Down goes No. 2 Ohio State. The Buckeyes had a strong season in the Big Ten but flopped in the NCAA Tournament, losing in the first round to No. 15 Oral Roberts.
  • Jan 22 – The Vols started the year 10-1 and were viewed as the team to bet in the SEC…until they got smoked 75-49 at unranked Florida. Their March Madness odds have taken a hit.
  • Jan 13 – The early part of the rankings stay mostly the same but Kansas slips a little after a loss at home to No.8 Texas.
  • Jan 6 – Gonzaga continues to maintain the top spot in the rankings. They are now 10-0 on the season and received 63 of a possible 64 votes for the top spot in this past week's poll.
  • Dec 30 – No. 2 Baylor has started the year 8-0 and is now second in line in terms of the odds. We'll learn more about them mid-January when they face West Virginia, Texas Tech and Kansas back-to-back-to-back. Each of those teams are currently among the Top 15.
  • Dec 23 – No. 1 Gonzaga is already on cruise control. They are 6-0 and five of their wins have been by double-digits.
  • Dec 19 – The Kentucky Wildcats are shockingly 1-5, which is their worst start to a college basketball season since 1926-27.
  • Dec 9 – We've barely scratched the surface on the new season but it's already been one heck of a bizarre year. Duke is just 2-2 through their first four games while Kentucky is 1-3.
  • Nov 27 – We didn't have to wait long for our first stunning upset as No. 4 Virginia – the favorite to win the ACC – loses outright to San Francisco.
  • Nov 25 – The 2020-21 college basketball season tips off.
  • Sep 16 – The 2020 NBA Draft is moved to November 18th.
  • Aug 25 – The Minnesota Timberwolves win the NBA Draft lottery and will have the first pick in the 2021 NBA Draft.
  • Aug 13 – NCAA President Mark Emmert suggests that bubbles are a possibility for the 2021 NCAA Tournament.
  • Jun 03 – While the early odds have bounced around a little bit, now Gonzaga, Michigan State and Virginia all share the same odds and are now co-favorites to win it all.
  • Mar 30 – As NABC Awards are announced (Obi Toppin named Player of the Year), Virginia has inched ahead into the favorite's role.
  • Mar 15 – 2021 NCAA Tournament odds released with Gonzaga as the early favorite at +900 with Virginia and Kansas right behind at +1000.
  • Mar 12 – NCAA Cancels Tourney because of COVID-19 Concerns

The odds for the NCAA Tournament and its 67 total games are bound to change by the day. The college basketball season is a fragile and volatile thing in its own right, but the season doesn’t involve single-elimination basketball. March Madness does. This is when all of the unpredictability of the full season becomes magnified, because losing teams don’t get a second chance.

As teams win, lose or get eliminated from the NCAA Tournament, the list of games – and the list of favorites to emerge as national champion – will shorten. If you want the biggest payout, betting earlier makes sense, because there are more teams to consider and it is a bigger risk to bet on one team in that environment. You will get rewarded if you accurately bet the winner well before the NCAA Tournament. You will win less if you correctly bet on the winner of the NCAA Tournament in late March, but the percentage chance of winning might be better. You have to weigh the risk versus the reward.

Check out the daily College Basketball Odds

Where Can I Watch/Stream March Madness

Here is the rundown of how you can tune into March Madness:

  • The Selection Show will be on CBS on Sunday, March 15, at 6 p.m. Eastern time
  • On television, the NCAA Tournament will be broadcast on CBS, TNT, TBS and truTV
  • The First Four will be on truTV on Tuesday, March 17, and Wednesday, March 18.
  • The majority of the tournament will be on CBS, TNT, TBS and truTV, and then the Final Four will be on TBS.

If you’re looking to stream online, it will be via March Madness Live, which is through the NCAA.

How Does Selection Sunday Work?

Selection Sunday is the Sunday in March when we learn who will be part of the NCAA Tournament that year. On Selection Sunday, the NCAA Selection Committee chooses which teams will qualify/participate in the NCAA Tournament. The committee evaluates teams’ resumes in numerous statistical and analytical contexts, based on every college basketball team’s performance throughout the season. It then decides who deserves to be in the tournament and seeds all the teams, 1 through 68. Teams qualify two ways:

Automatic Bids – teams which win their conference tournament earn automatic bids to March Madness. There are 32 automatic bids, which leave 36 at-large bids for other teams.

At-Large Bids – The Committee selects the 36 at-large teams based on their own criteria (resume, quality wins, strength of schedule, etc.

The First Four refers to the games played on Tuesday and Wednesday, before the Round of 64 begins on Thursday. In the First Four – always played in Dayton, Ohio – there are games between two No. 16 seeds, with the winner advancing to play a No. 1 seed in the round of 64, and two games between “bubble teams,” the last at-large teams in the field. Those bubble games involve No. 11 or No. 12 seeds, who move into the open spot in the bracket in the Round of 64.

Keep in mind that the NCAA Tournament is split into four quadrants: East, West, Midwest and South. The Selection Committee places teams in each section and seeds them from No. 1 to No. 16.

March Madness Odds FAQ

What is the lowest seed to win March Madness?

The lowest seed to ever win the NCAA Tournament was a No. 8 seed. While four No. 8 seeds have made it to the championship game – UCLA (1980), Villanova (1985), Butler (2011), and Kentucky (2014) – only Villanova managed to win it. Two years ago, No. 11 seed Loyola of Chicago made the Final Four and lost to Michigan in a close national semifinal.

Why is it called March Madness?

It’s a nickname for the NCAA Tournament. There are always wild upsets and a lot of unexpected comebacks, which is what makes it madness. It’s as wild of a tournament as we see in all of sports.