March Madness title odds: Gonzaga and Baylor co-favorites upon return

Jun 17, 2020 |
March Madness title odds: Gonzaga and Baylor co-favorites upon return
Gonzaga and Baylor (+800) are the early betting odds favorites to win March Madness in 2021.
Photo By - USA TODAY Sports
Gonzaga and Baylor (+800) are the early betting odds favorites to win March Madness in 2021.
Photo By - USA TODAY Sports

After 2020 March Madness' unfortunate cancellation, we turn our attention to the 2021 NCAA basketball futures, and give you a rundown of the March Madness title odds.

There are some familiar programs among the NCAA March Madness favorites, with the Gonzaga Bulldogs and Baylor Bears current co-favorites at +800. The Zags and Bears are trailed closely by the 2016 and 2018 national champs, the Villanova Wildcats, and also the Virginia Cavaliers at +900. The Iowa Hawkeyes (+1,000) round out the early Top Five for 2021 March Madness odds.

Odds to win 2021 March Madness

Team Odds to win March Madness 2021
Gonzaga Bulldogs +800
Baylor Bears +800
Villanova Wildcats +900
Virginia Cavaliers +900
Iowa Hawkeyes +1,000
Creighton Blue Jays +1,100
Kansas Jayhawks +1,100
Kentucky Wildcats +1,200
Duke Blue Devils +1,400
Florida State Seminoles +1,500
San Diego State Aztecs +1,600
Wisconsin Badgers +1,600
West Virginia Mountaineers +1,900
Florida Gators +2,000
Michigan Wolverines +2,000
Oregon Ducks +2,000
Tennessee Volunteers +2,000
Ohio State Buckeyes +2,300
Auburn Tigers +2,500
Houston Cougars +2,500
Michigan State Spartans +2,500
North Carolina Tar Heels +2,500
Stanford Cardinal +2,500
UCLA Bruins +2,500
Arkansas Razorbacks +3,000
Indiana Hoosiers +3,000
LSU Tigers  +3,000
Louisville Cardinals +3,000
Maryland Terrapins +3,000
Texas Longhorns  +3,000
Texas Tech Red Raiders +3,000
Arizona State Sun Devils +3,500
Providence Friars +3,500
Saint Louis Billikens +3,500
Miami (FL) Hurricanes +3,500
Arizona Wildcats +4,000
UConn Huskies +4,000
Dayton Flyers +4,000
Northern Iowa Panthers +4,000
Oklahoma Sooners +4,000
Purdue Boilermakers +4,000
South Carolina Gamecocks +4,000
USC Trojans +4,000

Odds courtesy of DraftKings

Past March Madness winners

Season National Champion Odds Prior to Round 1 of March Madness
2019-20 Tournment Cancelled N/A
2018-19 Virginia Cavaliers +675
2017-18 Villanova Wildcats +570
2016-17 North Carolina Tar Heels +535
2015-16 Villanova Wildcats +1,500
2014-15 Duke Blue Devils +1,000
2013-14 Connecticut Huskies +9,500
2012-13 Louisville Cardinals +450
2011-12 Kentucky Wildcats +185
2010-11 Connecticut Huskies +2,500
2009-10 Duke Blue Devils +650
2008-09 North Carolina Tar Heels +400
2007-08 Kansas Jayhawks +700
2006-07 Florida Gators +400
2005-06 Florida Gators +2,000
2004-05 North Carolina Tar Heels +350
2003-04 Connecticut Huskies +450
2002-03 Syracuse Orange +1,800
2001-02 Maryland Terrapins +350
2000-01 Duke Blue Devils +250

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:

  • Kansas Jayhawks +1,000

This means that on a $100 bet, you'll stand to win $1,100 if the Jayhawks 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. 

  • Duke Blue Devils -120

This means that you would need to bet $120 to win $100 on a Duke 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

Predicting the winner of the NCAA men's college basketball tournament 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 can I bet on March Madness 2021 odds?

Most online books and casinos offer betting on NCAA March Madness futures odds, but there can be a wide difference in the props offered and odds given. Check out what prop odds are offered with the best sportsbooks available where you live. 

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