Now that Florida has defeated Houston in the national championship game, it’s time to start talking 2026 March Madness winner odds available at top college basketball betting sites. Opening odds show Duke (+1000) as a slight early favorite over Houston (+1100). Connecticut (+1400), BYU (+1500), and Purdue (+1600) round out the top five. The Final Four will take place April 4 and 6 at Lucas Oil Stadium in Indianapolis.
We have a breakdown of the current CBB championship odds below.
2026 March Madness Odds Movement
Futures odds for the 2026 NCAA Tournament champion are now available with the Duke Blue Devils, Houston Cougars, Connecticut Huskies, Purdue Boilermakers, and BYU Cougars the favorites. The odds at March Madness betting apps will shift throughout the 2025-26 season in response to betting action and other developments, such injuries and the team’s chances of making a deep March Madness run. The table below will display odds movement for top teams along with opening odds.
Odds are from DraftKings, FanDuel, BetMGM, Caesars, bet365, and BetRivers. After you’re done line shopping, read for more tips about how to bet on March Madness.
| Team | Current Odds | Opening Odds |
| Duke | +1000 | |
| Houston | +1100 | |
| UConn | +1400 | |
| Purdue | +1600 | |
| BYU | +1800 | |
| Arkansas | +2000 | |
| Kentucky | +2000 | |
| Kansas | +2000 | |
| Louisville | +2200 | |
| Florida | +2500 | |
| Auburn | +2500 | |
| Arizona | +2500 | |
| Alabama | +2500 | |
| Texas Tech | +2500 | |
| Michigan | +2500 | |
| Baylor | +3000 | |
| Tennessee | +3500 | |
| Michigan State | +3500 | |
| Iowa State | +4000 | |
| UCLA | +4500 | |
| North Carolina | +4500 | |
| Gonzaga | +4500 | |
| Creighton | +6000 | |
| Texas | +6000 | |
| Wisconsin | +7000 | |
| Illinois | +7000 | |
| Oregon | +7500 | |
| Ole Miss | +8000 | |
| Indiana | +8000 | |
| Villanova | +9000 | |
| USC | +9000 | |
| Iowa | +9000 |
Odds to win the Wooden Award
Looking for more sports betting options on March Madness? Another popular wager is on which player will win the Wooden Award, which goes to the player deemed to be the most outstanding for the tournament as a whole. Sportsbooks will post odds as we get closer to the 2025-26 college basketball season.
Where can I bet on March Madness?
College basketball betting can be confusing, especially when certain states have laws that do not allow wagers on certain teams. Below we go over how state-by-state laws can vary when it comes to March Madness betting. If you’re looking for a sign-up bonus, consider the bet365 promo code, which in some states could be worth up to $1,000.
| State | Can I bet on March Madness? | In-state teams? | Player props? |
| Arizona | Yes | Yes | No |
| Arkansas | Yes | Yes | Yes |
| Colorado | Yes | Yes | No |
| Connecticut | Yes | Yes (tournament only) | Yes (out-of-state teams only) |
| D.C. | Yes | No | Yes |
| Delaware | Yes | No | Yes (out-of-state teams only) |
| Florida | Yes | Yes | No |
| Illinois | Yes | No | No |
| Indiana | Yes | Yes | Yes (out-of-state teams only) |
| Iowa | Yes | Yes | No |
| Kansas | Yes | Yes | Yes |
| Kentucky | Yes | Yes | Yes |
| Louisiana | Yes | Yes | No |
| Maine | Yes | No | Yes (out-of-state teams only) |
| Maryland | Yes | Yes | No |
| Massachusetts | Yes | Yes (tournament only) | No |
| Michigan | Yes | Yes | Yes |
| Mississippi | Yes | Yes | No |
| Montana | Yes | Yes | Yes |
| Nevada | Yes | Yes | Yes |
| New Hampshire | Yes | No | No |
| New Jersey | Yes | No | Yes (out-of-state teams only) |
| New Mexico | Yes | Yes | Yes |
| New York | Yes | No | No |
| North Carolina | Yes | Yes | Yes |
| Ohio | Yes | Yes | No |
| Ontario | Yes | Yes | Yes |
| Oregon | Not online; in person only | Yes | No |
| Pennsylvania | Yes | Yes | No |
| Rhode Island | Yes | No | Yes (out-of-state teams only) |
| South Dakota | Yes | No | No |
| Tennessee | Yes | Yes | No |
| Vermont | Yes | Yes (tournament only) | No |
| Virginia | Yes | No | No |
| Washington | Yes | No | No |
| West Virginia | Yes | Yes | No |
| Wyoming | Yes | Yes | Yes |
CBB bettors even have a new sportsbook to register for in two new states. Click to find the sign-up and additional superboost offers in the bet365 Illinois promo code and bet365 Tennessee welcome bonus.
March Madness history & trends
| Year | Winning team | Preseason odds | Did the preseason favorite win? |
| 2025 | Florida | +4000 | No |
| 2024 | UConn | +2000 | No |
| 2023 | UConn | +8000 | No |
| 2022 | Kansas | +1400 | No |
| 2021 | Baylor | +10000 | No |
| 2019 | Virginia | +1350 | No |
| 2018 | Villanova | +2700 | No |
| 2017 | UNC | +1900 | No |
| 2016 | Villanova | +2500 | No |
| 2015 | Duke | +900 | No |
| 2014 | UConn | +6500 | No |
| 2013 | Louisville | +700 | No |
March Madness odds FAQ
The opening 2026 March Madness odds show the Duke Blue Devils (+1000) as a slight favorite over the Houston Cougars (+1100). UConn (+1400), Purdue (+1600), and BYU (+1800) are next on the odds board.
The Florida Gators odds to win March Madness opened at +2500. The defending champion Gators opened the 2024-25 season with +4000 odds to win the national championship.
March Madness odds are available at sportsbooks throughout the country in states where betting is legal. This includes North Carolina, where legal online sports betting launched in March 2024, just in time for the NCAA Tournament. Check the regulations of your specific state to see if there are restrictions when it comes to betting on in-state colleges.
Bet365 Sportsbook has launched in Illinois and Tennessee.