March Madness Betting Guide: Odds, Picks & Schedule

Ryan Murphy • Managing Editor 27+ years betting experience
Updated: Apr 8, 2026 , 12:51 PM ET • 3 min read

March Madness is one of the biggest betting events on the North American sporting calendar. Find out how to make the most of this annual hoops spectacle!

March Madness branded basketball.
Photo By - Reuters Connect. A March Madness-branded basketball sits courtside prior to a game.

From the nail-biting drama of the First Four to the net-cutting glory of the Final Four, nothing matches the high-stakes adrenaline of the NCAA Tournament. Whether you’re hunting for the next double-digit seed to bust a bracket or backing a powerhouse to run the gauntlet, this is where legends are made and fortunes flip on a single buzzer-beater.

Get the latest tournament news, betting odds, and expert insight ahead of this year's tournament.

March Madness 2027 schedule

Event Date
Selection Sunday March 14
First Four  March 16-17
First Round March 18-19
Second Round March 20-21
Sweet 16 March 25-26
Elite Eight March 27-28
Final Four April 3
National Championship Game April 5
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March Madness odds

One of the most popular ways to bet on March Madness is to pick which team will win. From favorites to long shots, bracket sleepers follow the tournament odds all season long.

Team bet365
Duke Duke Blue Devils +750
Michigan Michigan Wolverines +1000
Florida Florida Gators +1200
Arizona Arizona Wildcats +1400
Michigan State Michigan State Spartans +1400
UConn Connecticut Huskies +1600
Houston Houston Cougars +1600
Kansas Kansas Jayhawks +1600
Arkansas Arkansas Razorbacks +1800
Illinois Illinois Fighting Illini +2000

Odds from bet365, one of our best betting apps. Sign up with our bet365 promo code, or get one of our other sportsbook promos.

All things bracket

March Madness revolves around the bracket, and we've got you covered from all angles:

March Madness props

Prop betting is becoming increasingly popular as regulated sports betting expands throughout the US. We're excited about the variety of March Madness props that will be offered, and we can't wait to cash in on the First-to-5 prop! 

Tournament MVP

Betting on the most outstanding player of the NCAA Tournament is a relatively new futures market that is gaining popularity each year due to the big plus-money odds available on pretty much every player.

March Madness picks

With so many games and so many betting markets available, there are always value picks to be found. March Madness features 67 games, and Covers’ betting analysts will deliver a plethora of March Madness picks, full of smart betting options for you to consider.

Best Bonuses

Along with our best March Madness betting sites, check out the best March Madness bonuses available for the tournament.

March Madness trends

As you build your bracket and handicap tournament games, you'll hear about many trends. Some of these are legit, and others should be dismissed. Jason Logan breaks down some of the March Madness trends, with three you can trust and three you should avoid.

March Madness upsets

A big upset in the early rounds is a staple of March Madness. And there is no better feeling than holding a ticket on a massive underdog and then watching as it cashes in. That's why we've put together a dedicated March Madness upsets page, with the Top 10 betting upsets this century and tips on how to spot an upset before it happens. 

March Madness for beginners

New to March Madness betting? We've got you covered. Learn how to bet on March Madness with our beginner's guide, and then dig deeper with intermediate and advanced strategies so that you're making the smartest bets possible.

March Madness betting sites

March Madness is one of the most popular times of the year for sports bettors, making it one of the busiest times of the year for online sportsbooks. Every betting site will offer March Madness odds, but the top 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.

Past March Madness winners

Season National Champion Odds prior to Round 1
2025-26 Michigan Michigan Wolverines +325
2024-25 Florida Florida Gators +800
2023-24 UConn Connecticut Huskies  +350
2022-23 UConn Connecticut Huskies +2000
2021-22 Kansas Kansas Jayhawks +900
2020-21 Baylor Baylor Bears +500
2019-20 Tournament cancelled N/A
2018-19 Virginia Virginia Cavaliers +675
2017-18 Villanova Villanova Wildcats +570
2016-17 North Carolina North Carolina Tar Heels +535
2015-16 Villanova Villanova Wildcats +1500
2014-15 Duke Duke Blue Devils +1000
2013-14 UConn Connecticut Huskies +9500
2012-13 Louisville Louisville Cardinals +450
2011-12 Kentucky Kentucky Wildcats +185
2010-11 UConn Connecticut Huskies +2500
2009-10 Duke Duke Blue Devils +650
2008-09 North Carolina North Carolina Tar Heels +400
2007-08 Kansas Kansas Jayhawks +700
2006-07 Florida Florida Gators +400
2005-06 Florida Florida Gators +2000
2004-05 North Carolina North Carolina Tar Heels +350
2003-04 UConn Connecticut Huskies +450
2002-03 Syracuse Syracuse Orange +1800
2001-02 Maryland Maryland Terrapins +350
2000-01 Duke Duke Blue Devils +250

March Madness betting FAQs

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Ryan Murphy Managing Editor at Covers
Managing Editor

Ryan Murphy began his love affair with sports journalism at the age of nine when he wrote his first article about his little league baseball team. He has since authored his own weekly column for Fox Sports and has been a trusted voice within the sports betting industry for the past eight years with stops at XL Media and Churchill Downs. He’s been proud to serve as Managing Editor at Covers since 2022.

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