March Madness Odds: Zags, Cougs Top the Board

After a thrilling 2022 March Madness tournament that saw the Kansas Jayhawks capture the National Championship over the North Carolina Tar Heels, oddsmakers have Houston, Gonzaga, UNC, and Duke among the early favorites to claim glory in 2023.

Last Updated: Aug 5, 2022 3:53 PM ET Read Time: 6 min
Drew Timme Gonzaga Bulldogs March Madness
Photo By - USA TODAY Sports

After all of the madness, the Kansas Jayhawks became National Champions in an insane 72-69 comeback win over the North Carolina Tar Heels.

Kansas looked dominant throughout the entire season finishing 34-6, taking down teams such as Providence, Villanova, and UNC on its path to its fourth national title.

Oddsmakers have wasted no time installing the Jayhawks as one of the March Madness odds favorites, but they actually sit behind a couple of other programs, including the Gonzaga Bulldogs, with Drew Timme announcing he's running it back one more time.

Find out who else leads the way in our the latest odds to win 2023's NCAA Men's Basketball National Championship.

Notable favorites to win the 2023 National Championship

Houston Cougars (+900)

The Houston Cougars put the nation on notice in last season's tournament, decimating teams as a No. 5 seed before eventually falling to Villanova in the Elite Eight. They did this while missing their two best players in Marcus Sasser and Traon Mark, who were both injured during the season. This tournament is coming off the heels of their Final Four appearance, before falling to Baylor that year.

Now, the Cougars have the blueprint to succeed at the highest level, with five-star recruit Jarace Walker also joining the squad this year to play alongside a healthy Sasser and Mark. It's no surprise why this team is at the top of the odds board.

Gonzaga Bulldogs (+900)

The program that just refuses to die. After another disappointing season that saw the Bulldogs lose in the Sweet 16, it didn't look like the program had much direction with the losses of Drew Timme and Chet Holmgren looming over the team. However, Timme announced he was pulling from the NBA Draft and would be coming back for a fifth and final season.

He is joined by the return of Julian Strawther and Rasir Bolton, which gives them enough firepower to have one more run at capturing the NCAA Championship.

North Carolina Tar Heels (+1,200)

The dream run just wasn't meant to be for the No. 8-seeded North Carolina Tar Heels, who squandered a 15-point halftime lead to Kansas in the National Championship game. 

However, with the return of leading scorer and rebounder Armando Bacot — as well as starters Leaky Black, Caleb Love, and RJ Davis — this team is poised to make another deep tournament run. 

March Madness line movement

See the line movement for how this year's March Madness teams started and ended from last April. Tap the team logos or lines (mouse over on desktop) to isolate individual teams.

Where can I bet on March Madness?

March Madness is one of the busiest times of the year for online sportsbooks and is very popular with bettors. Every betting site will offer March Madness odds, but the best sites are safe and secure, offer a wide range of banking options, and give you a ton of markets for each game. Check out the best March Madness betting sites in your region.

Understanding March Madness futures odds

Sportsbooks will post odds for the NCAA men's basketball championship as early as the summer before the season starts. These odds are constantly adjusted throughout the offseason as players get hurt, suspended or are traded. Once the season begins in November, title odds will change as often as daily as teams win and lose games and as players get hurt or suspended. Sportsbooks will also adjust the March Madness futures odds based on handle and liability to certain teams.

March Madness futures odds will usually look like this:

  • Gonzaga Bulldogs +375

This means that on a $100 bet, you'll stand to win $375 if the Bulldogs win the NCAA men's basketball title. If it's close to the end of the regular season or even during the tournament and college basketball has a very dominant team, you might see that a team is has a minus sign (-) ahead of its odds. 

  • Gonzaga Bulldogs -120

This means that you would need to bet $120 to win $100 on a Gonzaga championship.

Above we have posted the American odds for March Madness futures. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

How to bet college basketball futures

Learning how to successfully bet on March Madness is one of the hardest things to do in sports betting. The lose-and-go-home format and the fact that a school needs to win six straight games against quality opponents means that the favorites don't always take home the title.

Another factor that comes into play is that the tournament bracket isn't set until Selection Sunday. As the college basketball season winds down, you can be pretty sure that the big favorites will slide into the bracket as top seeds. But for teams in the middle of the pack, nothing is certain.

As always when betting futures odds, be sure to look into injuries and suspensions. You might find some current value in a team that is expecting to get a key player back before March Madness begins.

Where to bet on March Madness

If you're in a state that allows mobile, or online betting, make sure you know which sites are the best March Madness betting sites. Great betting sites offer sharp odds, quick payouts and are safe and secure when it comes to depositing and withdrawing your money.

March Madness Title Odds FAQs

Pages related to this topic

Popular Content

Legal Canadian sports betting

Best Canadian betting sites Ontario sports betting
Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo