March Madness Futures Odds & Favorites: Who Will Win The NCAA Tournament?

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Updated on

NCAA Adam Cottrell

The 2023 NCAA men’s basketball tournament bracket has been revealed. But before the men’s NCAA Tournament even officially begins, multiple online sportsbooks are offering March Madness odds on which team will win this year’s tournament.

Below, you’ll find the best available betting odds on each team in the 2023 NCAA tournament. Odds will be updated regularly as the tournament progresses and betting lines change.

Best NCAA March Madness Futures Odds

March Madness Favorites 2023

The Houston Cougars () opened as an early favorite to win the 2023 national championship after winning 13 straight games leading up to the AAC Conference final on Sunday. The Cougars only lost two games in the entire regular season, the last of which came in an upset against Temple in late January.

The Alabama Crimson Tide () won the regular season SEC title and then beat Texas A&M to win the SEC tournament on Sunday. They also were one of only two teams to defeat Houston during the regular season.

The Kansas Jayhawks () are the defending national champions, having defeated North Carolina in the 2022 NCAA finals, and are among the favorites to win again. If they can pull that off, they’d be the first team since Florida in 2007-2008 to repeat as champions in consecutive years.

The Purdue Boilermakers () won the regular season Big Ten title and played their way into the Big Ten tournament final game, opposite Penn State. They own regular season wins over Duke and Gonzaga.

The UCLA Bruins () are the top team in the west, according to oddsmakers. They won the Pac-12 regular season title, but lost to the Arizona Wildcats in the conference tournament final.

How Futures Odds Work

Futures odds allow you to bet in advance on which team will be the eventual winner of the 2023 NCAA basketball tournament. One advantage of these types of bets is that they typically offer the best odds even on teams who are likely to be considerable favorites in each specific game. Sportsbooks will continue offering futures odds as the tournament progresses, but the odds will narrow as the field of teams does.

As with all other odds, a plus (+) in front of the odds number indicates underdog odds, and a minus (-) indicates a favorite. A $100 bet at +600 odds would pay out $600 if successful, while odds of -200, for instance, would mean that you would need to bet $200 to win $100, in addition to the return of your original stake.

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