Women's March Madness Odds: Gamecocks Massive Favorites to Defend Title

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March Madness is in full swing, with the women's Final Four now also set — but don't expect any madness for South Carolina... which is an odds-on favorite to defend its title.

Last Updated: Mar 28, 2023 8:43 AM ET Read Time: 4 min
Aliyah Boston South Carolina Gamecocks WNCAAB
Photo By - USA TODAY Sports

March Madness is reaching a fever pitch as the Women's NCAA Tournament gears up for the Final Four on Friday.

Simply put, this is South Carolina's championship to lose, as the No. 1 team in the nation (and defending champion) is the odds-on favorite, and some more upsets have slimmed the odds of any team upsetting the Gamecocks, with LSU now the second choice after UConn's dismissal. 

See who else has a shot in our latest college basketball odds to win the 2023 Women's NCAA Tournament.

Odds to win Women's March Madness

Team DraftKings FanDuel Caesars
Gamecocks South Carolina -330 -310 -340
Hoosiers LSU +700 +700 +600
Hoosiers Iowa +950 +900 +800
Hoosiers Virginia Tech +1,100 +800 +1,400

Odds as of March 26, 2023.

Favorite to win March Madness

South Carolina (-330)

The South Carolina Gamecocks are the odds-on favorites to repeat after becoming NCAA champions for the second time under head coach Dawn Staley last year.

The No. 1 Gamecocks finished a perfect 32-0 in the regular season and kicked off the title defense with two 30-point wins and a 59-43 victory over No. 4 UCLA. 

Power forward Aliyah Boston leads the way for South Carolina, sitting second on the team with 12.9 points and leading them with 9.8 rebounds and two blocks per game.

South Carolina handled 2-seed Maryland 86-75 in the Elite Eight, and now faces electric Caitlin Clark and Iowa in the Final Four. 

Best Women's March Madness bonuses

Looking to bet on Women's March Madness action? Here are two of the best bonuses* available:

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Women's March Madness Key Dates

Event Date
Selection Sunday March 12
First Four  March 15-16
First Round March 17-18
Second Round March 19-20
Sweet 16 March 24-25
Elite 8 March 26-27
Final Four March 31
National Championship Game April 2

Understanding March Madness futures odds

Sportsbooks will post odds for the NCAA women'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:

  • Indiana Hoosiers +800

This means that on a $100 bet, you'll stand to win $800 if the Hoosiers win the NCAA women'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. 

  • South Carolina Gamecocks -165

This means that you would need to bet $165 to win $100 on a South Carolina 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

Learning how to successfully bet on March Madness 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 to bet on Women's March Madness

If you're in a state that allows mobile, or online betting, make sure you know which sites are the best March Madness betting sites. Great betting sites offer sharp odds, quick payouts and are safe and secure when it comes to depositing and withdrawing your money.

Past Women's March Madness champions

Year Champion Runner-Up
2022 South Carolina UConn
2021 Stanford Arizona
2020 COVID-19 COVID-19
2019 Baylor Duke
2018 Notre Dame Mississippi State
2017 South Carolina Mississippi State
2016 UConn Syracuse
2015 UConn Notre Dame
2014 UConn Notre Dame
2013 UConn Lousiville
2012 Baylor Notre Dame 

Women's March Madness trends

• The last three winners of the tournament all entered the season as the No. 1 seed.

• Since 1982, a No. 1 seed has made the Final Four every year. 

• UConn has the most women's NCAA titles of all-time (11), including four straight years of successfully defending the championship from 2013-2016.

Women's NCAAB

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