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2023 March Madness Odds: NCAA Men’s Tournament Tracker
Updated April 1, 2023 | Author: Sascha Paruk
- Track the odds to win the NCAA Tournament and see who is favored to win 2023 March Madness
- UConn is the new 2023 March Madness betting favorite heading into the Final Four, followed by San Diego State, Miami, and FAU
- View the odds to win March Madness for all remaining teams
The 2023 March Madness tournament is scheduled to begin with the “First Four” on Tuesday, March 14th in Dayton, Ohio. The first round will follow on Thursday, March 18th, and Friday, March 19th, at eight regional sites across the country. The Final Four will take place in Houston, Texas, on Saturday, April 1st, with the title game on Monday, April 3rd, 2023.
The graphs below show the odds to win the 2023 NCAA Men’s Basketball Tournament, which opened the night of April 4th, 2022, immediately after Kansas completed an epic 15-point comeback against North Carolina in the title game.
Jump to: ACC Teams / Big 12 Teams / Big East Teams / Big Ten Teams / Pac-12 Teams / SEC Teams / Mid-Majors
Also on this page: March Madness Betting Options / March Madness FAQs
2023 March Madness Odds
2023 NCAA Tournament Favorites
| Team | Odds |
|---|---|
| UConn | -340 |
| San Diego State | +280 |
| Miami | Out |
| FAU | Out |
Odds as of April 1, 2023, at DraftKings Sportsbook.
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March Madness Odds Movement Timeline
- March 26, 2023: UConn (-130) heads into the Final Four as heavy favorites over SDSU (+380), Miami (+550), and FAU (+600)
- March 25, 2023: All the #1 seeds are done and #4 UConn will head into the Elite Eight as the favorite in the odds to win March Madness, followed by #2 Texas (+360) and #3 Gonzaga (+500).
- March 21, 2023: In the latest March Madness odds (heading into the Sweet 16), Alabama (+350) and Houston (+360) are in a tier by themselves, with third-favorites UCLA and UConn back at +900. The gap between 15th-favorite Miami (+4500) and the last team on the board, Princeton (+18000), is even bigger.
- March 18, 2023: Heading into the round of 32, only a handful of teams are seen as extreme longshots: Princeton (+50000), Fairleigh Dickinson (+50000), and Furman (+40000) are considerably longer than any other squad.
- March 15, 2023: On the eve of the NCAA Tournament, Houston continues to lead the way at +583.
- January 24, 2023: Alabama is now the second-favorite at +990, trailing only Houston (+600).
- January 3, 2023: Houston is still favored at +690, followed by UConn at +1200 and Kansas at +1340. Texas has faded from a season-best of +1140 to +1660.
- December 12, 2022: Houston (+680) continues to hold top spot in the NCAA Tournament championship odds roughly a month into the new season. Second-favorite Texas is well back at +1180.
- April 12, 2022: Houston has moved into the top ten (+1300) bouncing Arkansas (+1450) to sixth.
- April 4, 2022: Duke is a tepid +1100 favorite in the opening odds, followed by defending champion Kansas (+1250) and last year’s runner-up North Carolina (+1300). Arkansas (+1350) and Kentucky (+1350) round out the top five.
Best Sportsbooks for March Madness Betting
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March Madness has become one of the busiest times of the year for sportsbooks. With online sports betting legalized in nearly half of the United States already, the 2022 NCAA Tournament is going to be the most-heavily-bet March Madness tournament in history. The sportsbooks listed above are offering the biggest sign-up bonuses in the country at the moment.
But note that not all are available in the same subset of states. Visit the following pages to see where they are operational:
- See where BetMGM is available
- See where Caesars Sportsbook is available
- See where DraftKings Sportsbook is available
- See where FanDuel Sportsbook is available
ACC Teams
| ACC Team | National Championships | Year(s) |
|---|---|---|
| UNC | 6 | 1957, 1982, 1993, 2005, 2009, 2017 |
| Duke | 5 | 1991, 1992, 2001, 2010, 2015 |
| Louisville | 3 | 1980, 1986, 2013 |
| NC State | 2 | 1974, 1983 |
| Syracuse | 1 | 2003 |
| Virginia | 1 | 2019 |
| Boston College | 0 | N/A |
| Clemson | 0 | N/A |
| Florida State | 0 | N/A |
| Georgia Tech | 0 | N/A |
| Miami | 0 | N/A |
| Notre Dame | 0 | N/A |
| Pittsburgh | 0 | N/A |
| Virginia Tech | 0 | N/A |
| Wake Forest | 0 | N/A |
Big 12 Teams
| Big 12 Team | National Championships | Year(s) | Final Fours (Most Recent) |
|---|---|---|---|
| Kansas | 4 | 1952, 1988, 2008, 2022 | 15 (2022) |
| Oklahoma State | 2 | 1945, 1946 | 6 (2004) |
| Baylor | 1 | N/A | 3 (2021) |
| Oklahoma | 0 | N/A | 5 (2016) |
| Kansas State | 0 | N/A | 4 (1964) |
| Texas | 0 | N/A | 3 (2003) |
| West Virginia | 0 | N/A | 2 (2010) |
| Iowa State | 0 | N/A | 1 (1944) |
| Texas Tech | 0 | N/A | 1 (2019) |
| TCU | 0 | N/A | N/A |
Big East Teams
| Big East Team | National Championships | Best NCAA Tournament Finish (Year) |
|---|---|---|
| Villanova | 3 | Champion (1985, 2016, 2018) |
| Georgetown | 1 | Champion (1984) |
| Marquette | 1 | Champion (1977) |
| Butler | 0 | Runner-up (2010, 2011) |
| Seton Hall | 0 | Runner-up (1989) |
| St. John’s | 0 | Runner-up (1952) |
| DePaul | 0 | Final Four (1943, 1979) |
| Providence | 0 | Final Four (1973, 1987) |
| Creighton | 0 | Elite Eight (1941) |
| Xavier | 0 | Elite Eight (2004, 2008, 2017) |
Big Ten Teams
| Big Ten Teams | National Championships | Best NCAA Tournament Finish (Year) |
|---|---|---|
| Indiana | 5 | Champion (1940, 1953, 1976, 1981, 1987) |
| Michigan State | 2 | Champion (1979, 2000) |
| Maryland | 1 | Champion (2002) |
| Michigan | 1 | Champion (1989) |
| Ohio State | 1 | Champion (1960) |
| Wisconsin | 1 | Champion (1941) |
| Illinois | 0 | Runner-up (2005) |
| Iowa | 0 | Runner-up (1956) |
| Purdue | 0 | Runner-up (1969) |
| Minnesota | 0 | Final Four (1997) |
| Penn State | 0 | Final Four (1954) |
| Rutgers | 0 | Final Four (1976) |
| Northwestern | 0 | Round of 32 (2017) |
| Nebraska | 0 | Round of 64 (0-7 all-time tournament record) |
Pac-12 Teams
| PAC-12 Team | National Championships | Best NCAA Tournament Finish (Year) |
|---|---|---|
| UCLA | 11 | Champion (1964, 1965, 1967-73, 1975, 1995) |
| Arizona | 1 | Champion (1997) |
| California | 1 | Champion (1959) |
| Oregon | 1 | Champion (1939) |
| Stanford | 1 | Champion (1942) |
| Utah | 1 | Champion (1944) |
| Washington State | 0 | Runner-up (1941) |
| Colorado | 0 | Final Four (1942, 1955) |
| Oregon State | 0 | Final Four (1949, 1963) |
| USC | 0 | Final Four (1940, 1954) |
| Washington | 0 | Final Four (1953) |
| Arizona State | 0 | Elite Eight (1961, 1963, 1975) |
SEC Teams
| SEC Team | National Championships | Best NCAA Tournament Finish (Year) |
|---|---|---|
| Kentucky | 8 | Champion (1948-49, 1951, 1958, 1978, 1996, 1998, 2012) |
| Florida | 2 | Champion (2006-07) |
| Arkansas | 1 | Champion (1994) |
| Auburn | 0 | Final Four (2019) |
| Georgia | 0 | Final Four (1983) |
| LSU | 0 | Final Four (1953, 1981, 1986, 2006) |
| Mississippi State | 0 | Final Four (1996) |
| South Carolina | 0 | Final Four (2017) |
| Alabama | 0 | Elite Eight (2004) |
| Missouri | 0 | Elite Eight (1944, 1976, 1994, 2002, 2009) |
| Tennessee | 0 | Elite Eight (2010) |
| Vanderbilt | 0 | Elite Eight (1965) |
| Ole Miss | 0 | Sweet 16 (2001) |
| Texas A&M | 0 | Sweet 16 (1951, 1969, 1980, 2007, 2016, 2018) |
Top Mid-Majors
March Madness Betting Options
While this page tracks the odds to win the NCAA Tournament title – also called an “outright” betting market – there are myriad other ways for bettors to wager on the NCAA Tournament. The subsections below explore how to bet on March Madness in more detail.
March Madness Futures: Sweet 16 & Final Four Odds
Once the bracket is set, sportsbooks will release a number of other March Madness futures betting options. These include betting on teams to reach the Sweet 16 and Final Four odds. The payout is obviously lower than correctly picking the tournament winner, but the chances of winning these wagers is of course great.
There is no single correct March Madness betting strategy; with the amount of roster (and even coaching) turnover in college basketball, each season has to be approached anew.
Moneyline
As with regular-season games, each game in the NCAA Tournament can be wagered on individually. The most straightforward way to bet on a March Madness game is to bet the moneyline. This means betting on a team to win the game straight-up. If they advance to the next round, you win your bet.
Point Spreads
You can also bet each game against the spread, meaning betting on either the favorite to win by more than a set number of points or the underdog to not lose by that same number of points. Betting against the spread will be more common for lopsided games, for example, if Gonzaga is a 35.5-point favorite against its first-round opponent, sportsbooks may not even post a moneyline.
Totals
Each March Madness game can also be bet over or under the game total. Sportsbooks will set a game total for each game in the tournament and they will be wildly different depending on which teams are playing. You could see totals anywhere from about 115.5 to 174.5. Teams that play at a slower tempo (think Virginia and Texas) tend to score fewer points (because there are fewer possessions over the course of the game) and vice versa for teams that play quickly (think Gonzaga and Alabama).
NCAA Tournament Game Odds
When the 2023 March Madness tournament begins (on March 14), bettors will be able to find all the college basketball odds on SBD along with game previews and picks for each of the 63 games in the tournament proper.
Note that the odds for first-round games will come out on Selection Sunday (March 12) which means there will be nearly four full days of betting before tip-off. Monitor the college basketball public betting trends to see which teams are being most-heavily backed and how the lines are moving.
SBD’s editorial staff will release its annual expert brackets on Monday, March 13.
Best NCAAB Sports Betting Promos
Once you understand the types of wagers that can be made on the NCAA Tournament, it is a good idea to check out the March Madness bonuses available from the country’s top sportsbooks. Follow the links below to see the available sports-betting promo codes and bonus offers available at each sportsbook. (You will also find a list of which states those sportsbooks are operating in.)
- Caesars Sportsbook promos
- BetMGM Sportsbook promos
- DraftKings Sportsbook promos
- FanDuel Sportsbook promos
March Madness FAQs
What is Selection Sunday?
This year, Selection Sunday is March 12, 2023.
When does March Madness start?
The First Four, which reduces the field from 68 to 64 teams, take place on March 14 and 15. The first round (a.k.a. the round of 64) takes place on March 16 and 17.
What is the difference between March Madness point spreads and moneylines?
Moneyline odds are the odds to win the game. With bets against the spread, the favorite has to win by a certain number for wagers to cash, while underdogs can still win against the spread as long as they don't by more than a certain number.
What is a March Madness futures bet?
If you make a futures bet on a team, you are wagering on them to reach a certain stage of the tournament - more than just one game. The most-common futures bet is wagering on a team to win the national championship. But bettors can also wager on teams to e.g. reach the Sweet 16, Elite Eight, and/or Final Four.
Can I bet on individual games in the March Madness tournament?
Yes, though which teams you can bet on depends on the state in which you live. Some states (like New Jersey) do not allow residents to bet on in-state schools at all. Others (like Massachusetts) only allow residents to be on in-state schools' futures (not single games). While some (like Colorado and Ohio) do permit single-game betting on in-state schools. Everyone who lives in a legal sports-betting state can wager on single games for out-of-state teams in March Madness.
Who has won the NCAA Tournament the most??
UCLA has won the most college basketball national championships (11), followed by Kentucky (8), North Carolina (6), Duke (5) and Indiana (5). The only other schools with more than two are Connecticut (4), Kansas (4) and Villanova (3). Seven more schools have two titles (Cincinnati, Florida, Louisville, Michigan State, NC State, Oklahoma State, and San Francisco).
Who has the best odds to win March Madness?
Duke started as the favorite in Jon Scheyer's first year on the bench, but Houston quickly took over that mantle as continued as the favorite throughout the regular season.
