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Updated March Madness Odds After Princeton Stuns Arizona, Furman Beats Virginia

Sascha Paruk

by Sascha Paruk in College Basketball

Updated Mar 16, 2023 · 4:20 PM PDT

Princeton Tigers guard Blake Peters celebrates a basket
Mar 16, 2023; Sacramento, CA, USA; Princeton Tigers guard Blake Peters (24) reacts after scoring a basket against the Arizona Wildcats during the second half at Golden 1 Center. Mandatory Credit: Kyle Terada-USA TODAY Sports
  • Two big upsets headlined the first day of the 2023 NCAA Tournament
  • No. 15 Princeton beat No. 2 Arizona while No. 13 Furman took down No. 4 Virginia
  • See the updated March Madness odds part way through the first round of the NCAA Tournament

Not even halfway through the first round of the 2023 NCAA Tournament, the March Madness bracket has already undergone some massive o.

In the early window on Thursday, Furman erased a double-digit second-half deficit to stun Virginia, nearly at the buzzer.

Not to be outdone, No. 15 Princeton became the third 15-seed in as many year to take down a No. 2, recording their own comeback win over Arizona.

Here is how the odds to win March Madness look at this point.

2023 NCAA Tournament Odds

Team Odds
Houston +500
Alabama +550
Purdue +1200
Kansas +1300
UCLA +1300
Gonzaga +1500
Texas +1500
Baylor +1800
Marquette +1900
UConn +2000
Creighton +2300
Tennessee +2500
Duke +3200
Kentucky +3500
TCU +4000
San Diego State +4200
Saint Mary’s +4500
Xavier +5000
Indiana +5500
Arkansas +5500
Texas A&M +5500
Iowa State +6000
Michigan State +6500
Maryland +7500
Memphis +7500
Kansas State +7500
Miami +10000
Iowa +13000
Missouri +13000
Auburn +13000
FAU +13000
Providence +15000
USC +15000
Penn State +15000
Northwestern +20000
NC State +20000
Pitt +25000
Arizona State +35000
Drake +35000
Furman +35000
Princeton +80000

Odds as of 6:45 pm ET at FanDuel Sportsbook for all teams except Princeton, which was off the board at the time of publication. Odds for Princeton come from DraftKings Sportsbook. See the full list of available March Madness betting promos.


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Furman’s Pulls Off Stunning Comeback Over Virginia

Plenty of experts predicted Furman upsetting Virginia as a 5.5-point underdog. The offensively-challenged Cavaliers play at a dreadfully slow pace and that leads to close, low-scoring games with plenty of variability.

But the manner in which Furman took down UVA was truly stunning.

The Cavaliers held a 50-38 lead with a little over ten minutes to play. The Paladins whittled it down but still trailed by two with under five seconds remaining and UVA inbounding the ball. 

Then this happened.

The Wahoos got a decent look the end but could only clank iron.

Furman’s title odds improved from +75000 to +35000 in the aftermath.

Next up is a date with No. 5 San Diego State, which handled No. 12 Charleston (63-57). If they make it through that gauntlet, a meeting with either No. 1 Alabama or No. 8 Maryland awaits.

Princeton Shocks Arizona with Second-Half Comeback

Not to be outdone, the Ivy League’s Princeton Tigers, a No. 15 seed, took down Pac-12 Tournament champion Arizona, the No. 2 seed in the South Region.

Like Furman before them, the Tigers faced a large second-half deficit: Arizona led 51-41 with 8:07 to play. But Princeton closed the game on a mind-boggling 18-4 run to send the Pac-12 champs home early.

As he’s done most of the season, senior forward Tosun Evbuomwan paced Princeton with 15 points (right on his season average), while six other players had between 6 and 9 points for the balanced Tigers.

YouTube video

At DraftKings Sportsbook, Princeton’s odds to win the NCAA Tournament improved from +500000 to +80000. Still a massive longshot, but oddsmakers have to take No. 15 seeds seriously after St Peter’s run to the Elite Eight last year. The Tigers’ Final Four odds moved from +30000 (0.33% implied probability) to +4000 (2.44% implied probability).

Princeton will face No. 7 Missouri in the second round. The Tigers were impressive in their upset over slightly-favored Utah State, holding one of the nation’s most-prolific offenses to just 65 points (76-65).

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