The NCAA Tournament is chaos by design, and chaos creates opportunity. While most bettors focus on point spreads and bracket pools, March Madness prop bets open the door to softer markets built around volatility, seed perception, and public bias.
From "Make the Field" to Final Four odds and region winner props, these markets reward bettors who understand timing, structure, and how sportsbooks price uncertainty.
If you’re looking to attack the tournament beyond the bracket, prop bets are where the edge lives.
March Madness prop odds
To make the Final Four
| Team |  |
Implied Probability |
|---|---|---|
 Arizona Wildcats |
-120 | 54.5% |
 Michigan Wolverines |
-105 | 51.2% |
 Duke Blue Devils |
+130 | 43.5% |
 Houston Cougars |
+175 | 36.4% |
 Illinois Fighting Illini |
+275 | 26.7% |
 Florida Gators |
+325 | 23.5% |
 Kansas Jayhawks |
+350 | 22.2% |
 Connecticut Huskies |
+375 | 21.1% |
 Iowa State Cyclones |
+400 | 20.0% |
 Purdue Boilermakers |
+600 | 14.3% |
 Texas Tech Red Raiders |
+650 | 13.3% |
 Nebraska Cornhuskers |
+700 | 12.5% |
 Gonzaga Bulldogs |
+850 | 10.5% |
 Michigan State Spartans |
+900 | 10.0% |
 North Carolina Tar Heels |
+1100 | 8.3% |
 Arkansas Razorbacks |
+1100 | 8.3% |
 Alabama Crimson Tide |
+1200 | 7.7% |
 St. John's Red Storm |
+1200 | 7.7% |
 BYU Cougars |
+1400 | 6.7% |
 Louisville Cardinals |
+1400 | 6.7% |
 Virginia Cavaliers |
+1400 | 6.7% |
 Vanderbilt Commodores |
+1400 | 6.7% |
 Tennessee Volunteers |
+1600 | 5.9% |
 Kentucky Wildcats |
+2200 | 4.3% |
Arizona and Michigan sit as the early favorites to reach the Final Four, both carrying implied probabilities north of 50%. Duke and Houston round out the top tier, while Illinois and Florida present mid-range value options depending on bracket placement.
As always, these prices will shift significantly after Selection Sunday when region paths become clearer.
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To make the field of 68
| Team | Yes | No |
|---|---|---|
 Miami (OH) |
-190 | +150 |
 Oklahoma State |
+450 | -700 |
 San Diego State |
-210 | +160 |
 TCU |
+160 | -210 |
 Texas |
-230 | +175 |
 UCLA |
-280 | +210 |
Odds courtesy of bet365.
Yes/No markets provide flexibility for bettors who want exposure without committing to outright futures. Heavy “No” prices on teams like Oklahoma State reflect long-shot status, while tighter splits such as TCU or San Diego State suggest more balanced projections.
March Madness MVP
The March Madness MVP (also known as the tournament's most outstanding player) is a fun market that can provide value, provided you have a good take on which team will win the national title. After all, the MVP has come from the tournament winner every year since 1983.
March Madness prop bets explained
Prop bets — also known as proposition bets — aren’t the first thing that comes to mind when talking about March Madness odds. Tournament prop menus have expanded dramatically, now including region winners, exact matchup outcomes, conference performance props, and player tournament leader markets. They're also a great attraction for those learning how to bet on March Madness.
March Madness props focus on individual team or player performances and particular events or happenings during a game, round, or tournament. Some prop bets can unfold in a matter of minutes, while others are graded on the Final Four and National Championship results.
Where can I bet on March Madness props?
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 scores, matchups, and odds, but the top sites are safe and secure, offer a wide range of banking options, and offer a ton of markets for each game. Check out the best March Madness betting sites in your region.
Tips for betting on March Madness props
March Madness prop bets can vary in focus and scope. Some props are longer-running markets, graded after a certain round or at the end of the NCAA Tournament. Other props are game-based and limited to a particular matchup.
Build your bracket
For betting on tournament or round props, you’ll want to build out your March Madness bracket and lay your path to the Final Four. Weigh each matchup and then base those prop bets on how you see the Big Dance playing out.
Spotting Cinderella
Singling out a Cinderella team that could provide an upset or two is vital to getting value from the March Madness props. Finding a live lower seed or an unknown mid-major giant killer can score some big plus-money prop payouts.
Don’t contradict
Make sure your March Madness prop picks are in line with your single-game wagers. You don’t want to play the Over on the number of Big Ten schools making it out of the Round of 64 and then fade Michigan to cover as a favorite in the first round.
Set a narrative
When it comes to game props, such as team and player prop bets, set a narrative for how you see the matchup playing out. If you think a talented big man will have his way with a smaller opponent, then look to the Over on props for points and rebounds. If you like a small-conference Cinderella to shoot their way to an upset win, look to back up that opinion with an Over wager on the team’s total number of 3-point buckets made.
Money management
The excitement of March Madness can get the best of basketball bettors, so have a money management system in place. If you plan on playing some NCAA Tournament props, designate a certain amount of your bankroll to just those types of wagers. This will help you be more selective about your prop bets and narrow down which types of bets you are winning and losing throughout the Big Dance.
Instant Replay: March Madness prop bets
- March Madness prop bets can focus on various aspects of the tournament, from the rounds to seeds to the overall tournament and individual matchups.
- March Madness game props are gaining popularity, and sportsbooks will have more of these than ever in 2025.
- The “First to 15” prop is one of the most exciting and entertaining bets you can make during the NCAA Tournament.
- Set a narrative for your March Madness props, whether that’s building out your bracket or setting a game script for player and team props.
March Madness prop bets FAQs
March Madness props get released after Selection Sunday when the NCAA Tournament field is set.
Depending on the focus, March Madness props could pay out in a matter of minutes, after each round, or at the end of the NCAA Tournament.
You can bet on a number of March Madness props, from tournament and round-by-round props to team and player props for individual games.
