The March Madness tournament is in motion, as the first round was released earlier today during Selection Sunday. With it, the March Madness favorites have been set by sportsbooks. In short order, round one will begin and a field of 68 teams will battle it out in the NCAA men’s college basketball tournament to see which team will be left standing.
The early top-three National Champion favorites include Gonzaga +275 (bet $100, profit $275), Baylor +350 (bet $100, profit $350) and Michigan +600 (bet $100, profit $600) per the oddsmakers at BetMGM Sportsbook.
Rounding out the top five includes Illinois (+900) and Ohio State (+1400).
New to the world of sports betting? An early wager offers solid profit if you’re correct; the odds will only get shorter as the tournament continues and teams are knocked out.
If you can nail a long-shot, the returns become even better. Think Alabama (+1600) can win it all? A $100 wager on Alabama returns a $1,600 profit if you’re correct and they win the championship. How about Indiana (+3500)? A $100 wager there returns a $3,500 return if Indiana wins the National Championship.
March Madness Brackets: PLAY in the USA TODAY Sports’ bracket sweepstakes! Printable brackets. Private groups. Prizes. And mobile users can play USA TODAY Sports’ Couchketball virtual hoops challenge – the interactive basketball game where your skills determine the outcome!
March Madness National Championship Odds
March Madness odds via BetMGM Sportsbook, last updated March 14, 2021. Place your legal, online bets in CO, IA, IN, MI, NJ, PA, TN, VA and WV at BetMGM. New customer offer: Risk-free first bet! Terms and conditions apply. Bet now!
| School | National Championship Odds |
| Gonzaga | +275 |
| Baylor | +350 |
| Michigan | +600 |
| Illinois | +600 |
| Ohio State | +1400 |
| Iowa | +1500 |
| Oklahoma State | +1600 |
| Florida State | +1600 |
| Alabama | +1600 |
| Houston | +2000 |
| Texas | +2000 |
| Creighton | +2000 |
| West Virginia | +2000 |
| Villanova | +2500 |
| Wisconsin | +2500 |
| Texas Tech | +2500 |
| Virginia | +2500 |
| USC | +2500 |
| Kansas | +2500 |
| Tennessee | +3500 |
| UCLA | +3500 |
| Oklahoma | +3500 |
| Loyola-Chicago | +4000 |
| Arkansas | +4000 |
| Missouri | +5000 |
| Oregon | +5000 |
| Florida | +5000 |
| LSU | +5000 |
| UCONN | +5000 |
| Virginia Tech | +5000 |
| Colorado | +5000 |
| Rutgers | +5000 |
| Purdue | +5000 |
| Michigan State | +6600 |
| Utah State | +6600 |
| Syracuse | +8000 |
| BYU | +8000 |
| Clemson | +8000 |
| Oregon State | +8000 |
| Maryland | +10000 |
| Georgia Tech | +10000 |
| Wichita State | +10000 |
| VCU | +10000 |
| St. Bonaventure | +10000 |
| Georgetown | +10000 |
| Liberty | +50000 |
| N. Texas | +50000 |
| Winthrop | +50000 |
| Ohio | +50000 |
| UNC Greensboro | +50000 |
| Iona | +100000 |
| Appalachian State | +100000 |
| Abilene Christian | +100000 |
| Cleveland State | +100000 |
| Colgate | +100000 |
| Drexel | +100000 |
| Eastern Washington | +100000 |
| Grand Canyon | +100000 |
| Hartford | +100000 |
| Morehead State | +100000 |
| Mount St. Mary’s | +100000 |
| Norfolk State | +100000 |
| Oral Roberts | +100000 |
| Texas Southern | +100000 |
| UC Stanta Barbara | +100000 |
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