March Madness title odds: Gonzaga the Clear Betting Favorite

Jan 8, 2021 |
By: Covers Staff
March Madness title odds: Gonzaga the Clear Betting Favorite
The Gonzaga Bulldogs were 31-2 last year, returned almost all of their roster, and are 10-0 to start this season. It's no surprise they're the clear betting favorite to win the NCAA championship.
Photo By - USA TODAY Sports
The Gonzaga Bulldogs were 31-2 last year, returned almost all of their roster, and are 10-0 to start this season. It's no surprise they're the clear betting favorite to win the NCAA championship.
Photo By - USA TODAY Sports

College basketball betting is about six weeks into the 2020-21 season, as eyes are starting to shift towards March Madness and the odds to win the NCAA Tournament. 

With the COVID-19 pandemic canceling the national tournament last March, fans of betting the bracket are following returning standouts, hotshot freshmen and the elite coaches who know how to navigate March Madness.

A number of programs are starting to emerge as the favorites, with five teams under +1,000 odds to win 2021 March Madness, but one annual powerhouse is pulling away from the pack.

Here are the latest odds for the top schools to win the NCAA championship.

Who is the Favorite to Win 2021 March Madness?

The Gonzaga Bulldogs, who finished 31-2 and No. 2 in the AP Poll last season, are off to a 10-0 start this year and are both the AP No. 1 and the clear betting favorites at +350. With five players averaging double figures, led by Corey Kispert and Drew Timme, the Bulldogs are second in the nation with 94.3 points per game and shoot 54.8 percent from the floor. Gonzaga has also already notched wins against Kansas, West Virginia, Iowa and Virginia— winning three of those games by double-digits.

Second on the odds board is the preseason betting favorite, the Villanova Wildcats (+700). Jay Wright's squad is 8-1 this year and sits third in the AP polls, with signature wins coming on the road against Texas and Marquette.

Big 12 leader – and also still undefeated – Baylor is third on the odds board at +800, while the Top 5 is rounded out by Creighton and Wisconsin (+900).

Odds to Win 2021 March Madness

Team Odds to win March Madness 2021 (as of Jan 8)
Gonzaga Bulldogs +350
Villanova Wildcats +700
Baylor Bears +800
Creighton Blue Jays +900
Wisconsin Badgers +900
Houston Cougars +1,100
Illinois Fighting Illini +1,100
Iowa Hawkeyes +1,100
Texas Longhorns +1,100
Tennessee Volunteers +1,300
Kansas Jayhawks +1,400
Florida State Seminoles +1,500
Michigan Wolverines +1,500
Michigan State Spartans +1,800
UConn Huskies +2,000
Missouri Tigers +2,000
West Virginia Mountaineers +2,000
Duke Blue Devils +2,500
Kentucky Wildcats +2,500
San Diego State Aztecs +2,500
Texas Tech Red Raiders +2,500
Virginia Cavaliers +2,500
Clemson Tigers +3,000
Florida Gators +3,000
Minnesota Golden Gophers +3,000
North Carolina Tar Heels +3,000
Virginia Tech Hokies +3,000
Xavier Musketeers +3,000
Arizona State Sun Devils +3,500
Oregon Ducks +3,500
UCLA Bruins +3,500
Arkansas Razorbacks +4,000
Indiana Hoosiers +4,000
LSU Tigers +4,000
Marquette Golden Eagles +4,000
Ohio State Buckeyes +5,000
SMU Mustangs +5,000
Stanford Cardinal +5,000

Odds courtesy of DraftKings

Past March Madness Winners

Season National Champion Odds Prior to Round 1 of March Madness
2019-20 Tournament 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 $1,000 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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