The 2026 edition of March Madness is well behind us, as the Michigan Wolverines cut down the nets at the expense of the UConn Huskies.
And while the Wolverines opened as co-favorites in 2027, that's starting to shift after it was announced Monday morning that Dusty May was becoming the head coach of the Dallas Mavericks.
Their odds have taken a dip to +1100 after opening at +700. Find out which programs sit above the defending champs in the latest college basketball odds below.
March Madness odds
| Team |  |
|---|---|
 Florida Gators |
+600 |
 Duke Blue Devils |
+700 |
 Connecticut Huskies |
+1000 |
 Michigan Wolverines |
+1100 |
 Illinois Fighting Illini |
+1400 |
 Arizona Wildcats |
+2000 |
 Michigan State Spartans |
+2000 |
 Louisville Cardinals |
+2000 |
 Arkansas Razorbacks |
+2200 |
 Houston Cougars |
+2200 |
 Texas Longhorns |
+2200 |
 Kansas Jayhawks |
+2500 |
| Tennessee Volunteers |
+2500 |
Odds from bet365, one of our best betting apps. Sign up with our bet365 promo code, or get one of our other sportsbook promos.
Enjoying Covers content? Add us as a preferred source on your Google account
Dusty May leaves Michigan for the pros
The Michigan Wolverines odds immediately moved from their +700 price to a double-digit 11/1 price as of this afternoon after the news that former head coach Dusty May would be heading off to the pros to take a job with the Dallas Mavericks.
That leaves Mike Boynton Jr. in charge as the current interim head coach while a full search for a new leader can be conducted. Either way, losing May hurts this program as it looks to defend last year's title.
New 76-Team Format
More Teams and More Games in 2027!
— NCAA (@NCAA) May 7, 2026
The #MarchMadness Expansion explained. @MarchMadnessMBB x @MarchMadnessWBB pic.twitter.com/gQavENSiN2
Starting next year, March Madness expansion will see the field expand from 68 to 76 teams for both the men's and women's tournaments.
The First Four is gone and set to be replaced by a 12-game “Opening Round” featuring 24 programs (12 lowest automatic qualifiers and 12 lowest-seeded at-large teams). The winners from those games will advance to the Round of 64, which will remain unchanged.
Automatic bids drop from 56 to 52, meaning four fewer teams get in right off the bat. Meanwhile, at‑large bids increase from 37 to 45, giving eight more bubble teams a path in.
March Madness favorites
Florida Gators (+600)
The Florida Gators fell in Round 2 of this year's tournament but sit atop several offseason rankings with a team returning a ton of top talent.
Notably, Thomas Haugh and Alex Condon both announced back in April that they would be returning for their senior seasons. That makes this team a national threat once again.
Duke Blue Devils (+700)
The Duke Blue Devils are expected to lose reigning Naismith College Player of the Year Award winner Cameron Boozer to the NBA Draft, but coach Jon Scheyer knows how to retool.
Duke already has commitments from three of the Top-15 incoming freshmen, including No. 3 Cameron Williams.
Cash your ML picks quickly with bet365's early win payout!
Take advantage of the early win payout at bet365, where you'll get paid out as a winner if your team goes up by 15+ points!
Learn more about this feature, and all of bet365's offerings, with our comprehensive bet365 review!
21+. Gambling problem? Call 1-800-GAMBLER
March Madness odds over time
Take a look back at Michigan's path to glory during the 2025-26 season.
Popular March Madness markets
- March Madness picks
- Women's March Madness odds
- March Madness Final Four odds
- March Madness MVP odds
- March Madness betting sites
- March Madness betting promos
2027 March Madness opening odds
- Duke +750
- Michigan +1000
- Florida +1200
- Arizona +1400
- Michigan State +1400
- UConn +1600
- Houston +1600
- Kansas +1600
- Arkansas +1800
- Illinois +2000
- Texas Tech +2000
- North Carolina +2200
- Alabama +3000
- BYU +3500
- Gonzaga +3500
- Iowa State +3500
- Kentucky +3500
- St. John's +3500
- Purdue +4000
- Missouri +5000
- TCU +5000
- Tennessee +5000
- Vanderbilt +5000
- Virginia +5000
- Iowa +6000
Past March Madness winners
(Opening odds courtesy Sports Odds History)
| Year | Champion | Opening odds | Runner-Up |
|---|---|---|---|
| 2026 |  Michigan |
+2500 | Connecticut |
| 2025 | Florida |
+8000 | Houston |
| 2024 | Connecticut |
+1100 |  Purdue |
| 2023 | Connecticut |
+1600 |  San Diego State |
| 2022 | Kansas |
+2000 |  North Carolina |
| 2021 |  Baylor |
+800 |  Gonzaga |
| 2020 | No tournament (COVID-19) | N/A | N/A |
| 2019 |  Virginia |
+1800 |  Texas Tech |
| 2018 |  Villanova |
+1200 | Michigan |
| 2017 | North Carolina |
+2400 | Gonzaga |
| 2016 | Villanova |
+2000 | North Carolina |
| 2015 | Duke |
+1000 |  Wisconsin |
March Madness trends
• Of the 20 teams that have entered the tournament with undefeated records, only seven have gone on to win the national championship.
• Only 13 teams successfully defended their national championship the following season.
• UCLA has the most NCAA titles of all time (11), although the Bruins have not won the tournament since 1995.
• A No. 1-seeded team has won the national championship 59.6% of the time since regional seeding was introduced in 1979.
Embrace the madness
Visit our best March Madness betting sites today to wager on this year's men's basketball tournament. You're very own "One Shining Moment" opportunity awaits!
March Madness Title Odds FAQs
The Florida Gators (+600) are currently favored in the National Championship odds.
The Michigan Wolverines won March Madness in 2026 over the UConn Huskies.
The Duke Blue Devils are +700 to win the 2027 National Championship Game.
Calculating March Madness odds involves assessing the probability of different outcomes in the tournament. Oddsmakers use various factors including team performance, player health, head-to-head matchups, tournament experience, coaching, venue, and advanced statistics. Bookmakers use these factors to set initial odds, and as bets are placed, odds may shift based on the money wagered on each side.
The only other school to win three-straight national championships is UCLA, who actually won seven straight titles from 1967-1973.
You can find spreads for every 2026 March Madness game by visiting our Covers NCAAB Scores & Matchup page. You'll find complete betting lines, line movement data, consensus picks and much more.
