2025 March Madness Odds: Duke & UConn Lead Odds Boards As Favorites

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Odds for next year’s March Madness winner have already opened, and Duke tops all odds boards as the favorite at +1200. UConn is right behind at +1500, followed by Kansas (+1500), Houston (+1500), and Alabama (+1800) rounding out the top five.

Odds will continue to shift as players transfer and declare for the NBA draft, so make sure to check in on odds as the season gets closer. We have a breakdown of the current odds below.

2025 March Madness futures odds

You can already find odds for betting on March Madness for 2025 on DraftKings, FanDuel, BetMGM, Caesars, and more.

Current favorites to win the NCAA championship

UConn Huskies ()

Last season, the Huskies dominated en route to a title, with Donovan Clingan and Adama Sanogo controlling the paint. Dan Hurley’s squad won all six games by double digits, and it’s been excellent defensively this season despite losing Sanogo. The Huskies ranked second in the nation in scoring margin (+17.2) and allowed just 64.1 points per game during the season. They’ve advanced to the Final Four with wins over Stetson, Northwestern, San Diego State, and Illinois, all by double digits.

Purdue Boilermakers ()

Perhaps the biggest name in the tournament is 7-foot-4 center Zach Edey, a huge presence from Ontario averaging 23.7 points and 11.8 rebounds per game. Braden Smith is the primary table setter for Edey and company, and he’s averaging 7.3 assists per game. Purdue fell in the first round last season as a No. 1 seed and has only reached the Elite Eight once since 2000. The Boilermakers have made it to the Final Four this time around, with victories over Grambling, Utah State, Gonzaga, and Tennessee in the books.

March Madness odds movement

TeamCurrent March Madness oddsMarch 31 oddsMarch 24 oddsMarch 14 oddsMarch 5 oddsOpening odds
UConnWon National Championship-200+250+500+500+2000
PurdueLost National Championship+425+750+850+750+800
HoustonBounced Sweet 16Elliminated+550+650+700+2200
ArizonaBounced Sweet 16Eliminated+1000+1400+1200+2000
TennesseeBounced Elite Eight+1200+1200+1400+1200+3000
North CarolinaBounced Sweet 16Eliminated+1300+2200+2300+3000
Iowa StateBounced Sweet 16Eliminated+1800+3000+3000+10000
AlabamaBounced Final Four+2200+4000+4000+3000+3500
AuburnBounced first roundEliminatedEliminated+2500+2500+6000
KentuckyBounced first roundEliminatedEliminated+2500+3500+1600

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. Below are the odds for the contenders.

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.

StateCan I bet on March Madness?In-state teams?Player props?
ConnecticutYesYes (tournament only)Yes (out-of-state teams only)
DelawareYesNoYes (out-of-state teams only)
IllinoisYesIn person onlyYes (out-of-state teams only)
IndianaYesYesYes (out-of-state teams only)
MaineYesNoYes (out-of-state teams only)
MassachusettsYesYes (tournament only)No
New HampshireYesNoNo
New JerseyYesNoYes (out-of-state teams only)
New MexicoYesYesYes
New YorkYesNoNo
North CarolinaYesYesYes
OregonNot online; in person onlyYesNo
Rhode IslandYesNoYes (out-of-state teams only)
South DakotaYesNoNo
VermontYesYes (tournament only)No
West VirginiaYesYesNo
YearWinning teamPreseason oddsDid the preseason favorite win?

March Madness odds FAQ

Who is the current favorite to win March Madness?

Duke opened as the current favorite to win the 2025 March Madness tournament. UConn is the second favorite to three-peat for the title.

What are UConn’s current odds to win March Madness?

The Huskies are getting odds of +1300 on FanDuel to navigate March Madness for a third straight year.

Where can I bet on March Madness?

March Madness odds are available at sportsbooks throughout the country in states where betting is legal. That will include North Carolina, where legal online sports betting will launch on March 11, 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.