2023 March Madness Odds: Favorites to win the National Championship

March Madness is one of the best times of year for sports betting. Upsets happen every day of the tournament and every team has a chance! 64 teams enter but only one will cut down the nets in a few weeks. 2023 March Madness odds to win the National Championship are constantly shifting!

Last year we watched No. 1 seed Kansas take down the No. 8 seed University of North Carolina in the national championship. North Carolina took a massive lead in the first half, leading 40-25. Kansas clawed their way back and wound up winning 72-69.

After their incredible run in the tournament last year, the University of North Carolina started the year as the Associated Press’ No. 1 team in the country but now may not even make the NCAA tournament.

With March Madness on the horizon, we’ll be updating the National Championship odds frequently and breaking down the favorites.

If you are looking for daily winning college basketball bets and breakdowns subscribe to 4for4.com!

[bet-bonus id=”352595″ ]

2023 March Madness Odds

Odds from BetMGM sportsbook (updated 3/10)

  • Houston: +600
  • Kansas: +800
  • Alabama: +800
  • UCLA: +900
  • Purdue: +1100
  • Arizona: +1200
  • Baylor: +1600
  • Connecticut: +1600
  • Gonzaga: +1800
  • Texas: +2500
  • Marquette: +2500
  • Tennessee: +3000
  • Saint Mary’s: +3300
  • TCU: +3300
  • Kentucky: +3500
  • Indiana: +4000
  • Creighton: +4000
  • Duke: +4000
  • Arkansas: +5000
  • Miami: +5000
  • Virginia: +5000
  • Xavier: +5000

Teams with the best odds to win the National Championship

Houston Cougars (+600)

The Cougars are currently the overall favorites in March Madness odds to win the National Championship with a 30-2 record this season. They possess both a top-11 offense and defense according to KenPom’s efficiency metrics. They play extremely slow, carrying a pace that ranks 343rd nationally! Their only two losses have come against Alabama in December by 6 points and Temple by one point in January. They roll into the conference tournament with an 11-game winning streak.

Marcus Sasser, Jamal Shead, and Jarace Walker led the way for the Cougars in their dominant season. With a deep team and strong metrics, there aren’t many teams better fit for a run in March.

Kansas Jayhawks (+800)

Kansas is one of the heavy favorites despite sporting a 26-6 record. When you break it down, all of the teams they have lost to have ranked in the top-25 of KenPom’s efficiency rankings. Their wins also include games against Texas, West Virginia, Baylor, TCU, Kentucky, Kansas State, Iowa State, and more formidable opponents. Kansas’ offense ranks just 24th in efficiency but their defense ranks 8th.

The Jayhawks are led by Jalen Wilson and Gradey Dick, both of whom are potent scorers. The latter is also a freshman who has made an instant impact on the Jayhawks. If Kansas can get hot offensively they could easily tango their way to a deep run in the big dance.

Alabama (+800)

Alabama has dealt with plenty of off-court issues surrounding Brandon Miller and his involvement in a legal issue. Miller is the best player on the team as a freshman and has carried the team at times offensively. They have also received contributions from senior Jahvon Quinerly, Mark Sears, Jaden Bradley, and Noah Clowney.

Overall, the Crimson Tide rank 3rd in defensive efficiency but just 19th offensively. Part of their lack of efficiency offensively is because they push the pace of games. They shoot a ton and try and run up and down the court as fast as possible, boasting the second-fastest pace of any team and 3rd shortest possession length. They are yet to lose a home game this season and have beaten multiple formidable opponents including the aforementioned Houston Cougars.

UCLA (+900)

UCLA has had an unbelievable season so far with 28 wins and just four losses. They are currently on a 10-game win streak and are yet to lose a home game. Their offense ranks 21st in efficiency while their defense is 2nd! They do a good job of forcing turnovers defensively and not doing so offensively, an overall recipe for success. The only teams they have lost to were Illinois, Baylor, Arizona, and USC. They also beat Arizona and USC in their rematch at home.

The Bruins are led by tournament veterans Tyger Campbell and Jaime Jaquez. Both players were integral parts of UCLA’s 2021 tournament run which started in the “First Four” play-in games but finished with a trip to the Final Four. After losing to North Carolina in the Sweet 16 last season, they could be back with a vengeance this year

Purdue (+1100)

There’s no point in wasting time here, the Boilermakers start and stop with Zach Edey, the 7’4 junior who will likely win Naismith player of the year. Given Edey’s size, the Boilermakers are a tough matchup for nearly anyone in the big dance. Their makeup could present value in March Madness odds.

The team ranks 9th in offensive efficiency and 27th in defensive efficiency this season, meaning they are well-balanced enough to make a run in the NCAA tournament. Like many of the other top teams, they play at the speed of a tortoise, with the 325th-ranked pace. Unsurprisingly, they are arguably the best team at offensive and defensive rebounding.

They currently boast a 25-6 record and have lost more frequently as of late. In their first 23 games, they were 22-1. Since then, they are just 5-4. A lot of that came from playing tougher opponents in the Big 10.

Arizona (+1200)

Like Alabama, Arizona plays at a rapid pace. The Wildcats have an elite offense though, ranking 4th in efficiency and are top-20 at both 2-point percentage and 3-point percentage made. They are 26-6 on the year with big wins over Tennessee, Creighton, San Diego State, UCLA, and USC.

Oumar Ballo, Azuolas Tubelis, Kerr Krisa, and Courtney Ramey lead the way for Arizona as their top contributors

Baylor (+1600)

Baylor has had an up-and-down season but if they can put it all together, they are extremely talented. Upperclassmen LJ Cryer and Adam Flager make up a strong backcourt while Keyonte George is an extremely talented freshman. The Bears also got back Jonathan Tchamwa Tchatchoua from a season-ending injury in 2022. He should play a bigger role down the stretch.

The Bears boast the second-ranked offense in terms of efficiency but their defense ranks just 101st. This type of disparity can cause issues in the tournament if their offense has an off day. Baylor has the capability of beating anyone as they beat UCLA, Kansas, Texas, West Virginia, Gonzaga, and Arkansas.

Gonzaga (+1800)

Can the Zags finally break through and win a national championship? They came extremely close in 2021 as they were undefeated entering the national championship. Unfortunately, Baylor was just far too talented for Gonzaga, handing them their first and only loss of the season. In 2022 they were upset by Arkansas in the Sweet 16, a talented and athletic squad.

This year they sit at 28-5, losing to Baylor, Purdue, Texas, Saint Mary’s, and then a shocker to Loyola Marymount. Their best win of the season came against Alabama where they scored 100 points in an absolute track meet that resulted in 190 total points. Drew Timme is now a senior and continues to lead the Zags with 20 points per game. Julian Strawther, Anton Watson, and Rasir Bolton all add significant contributions as well.

If you enjoyed this article and are looking for daily winning college basketball bets and breakdowns, subscribe to 4for4.com!

[bet-bonus id=”352595″ ]

written by

Connor Allen has analyzed sports betting, fantasy football, and the NFL since 2010. He was published in Warren Sharp's annual book and used to work at NBC's Rotoworld. Most recently he launched the betting subscription at 4for4.com where he handicaps NFL Player Props. He currently resides in Chicago after graduating from Illinois Wesleyan University. Prior to being full time in the sports media industry, Connor owned a catering and food company.

more betting news

NBA Playoffs: Top Sports Betting Promo Codes, Odds, and More for First Round

The first round of the NBA Playoffs has started off with a bang! It's a long road to the NBA Finals so let's check out some sports betting promo codes, odds for the first round, and odds to win the...

DraftKings Promo Code $200 Bonus Details, Sunday MLB/NBA Odds, and More

In the ever-evolving realm of online sports betting, the DraftKings promo code emerges as a top-tier choice for fans seeking involvement in the NBA playoffs. As the playoffs draw near, grasping the intricacies of the DraftKings promo code, NBA playoff...

FanDuel Promo Code, $150 New User Bonus, NBA Odds, and More for Sunday

The FanDuel Promo Code may be your best bet this April. As the NBA playoffs heat up, sports betting enthusiasts are on the lookout for the best deals and insights to enhance their betting experience. FanDuel, a leading name in...

NASCAR Talladega Odds & Picks: Plus Money Matchups in the Geico 500? Yes Please!

NASCAR Talladega Odds and Picks Hold on tight NASCAR fans, because we're about to witness another wild ride at Talladega Superspeedway! The legendary high banks roar to life today at 3:00 PM ET for the 2024 GEICO 500, promising a...

FanDuel Promo Code for $150 Bonus, NBA Playoff Odds, and More for Saturday

It's that time of the year again – playoff season in the NBA kicks off TODAY, promising months filled with relentless excitement! New users are in for a treat with an amazing FanDuel promo code offer. By signing up today,...

Details on DraftKings Promo Code, NBA Playoff Odds, and $200 New User Bonus

In the dynamic world of online sports betting, the DraftKings promo code stands out as a premier destination for enthusiasts looking to engage with the NBA playoffs. With the playoffs around the corner, understanding the nuances of DraftKings promo code,...

Check Out BetMGM Bonus Code, MLB Odds, and NBA Futures for 4/18

New users can score a BetMGM bonus code right now for a $1,500 first bet offer in legal states. Check out today's MLB odds, NBA futures, and more as you look to make your first bet. BetMGM Sportsbook Promo Code...

DraftKings Promo Code: Bet $5, Gets $200 with Latest New User Offer

Are you eager to dive into the exhilarating world of sports betting? Look no further than the brand new DraftKings promo code offer, designed specifically to welcome new users. DraftKings, a powerhouse in the United States online sportsbook industry, is...

bet365 Promo Code for NBA Playoffs, MLB, and More This Weekend

New users with bet365 Sportsbook can get a $1,000 first bet safety net or choose to bet $5 and get $150 in bonus bets! Here are the details for the great promotion that can be used on any sport. bet365...

Geico 500 Odds from NASCAR Talladega Superspeedway: Bet this Bottom of the Board Longshot

Get ready for white-knuckle racing and unpredictable finishes as NASCAR descends on the legendary Talladega Superspeedway. Let's check out the 2024 GEICO 500 odds from the track nicknamed "Dega" by fans. Talladega's high banks and long straightaways create thrilling pack...

Latest News

Cardinals vs. Diamondbacks: Free Live Stream, TV Channel, How to Watch

The St. Louis Cardinals (9-13), with Lance Lynn on the hill, host the Arizona Diamondbacks (11-12) who will counter with Brandon Pfaadt, at 7:45 PM ET on Monday.Keep reading to see how to watch the St. Louis-Arizona matchup below.When is...

Blue Jays vs. Royals: Start Time, Streaming Live, TV Channel, How to Watch

The Toronto Blue Jays (12-10), with Yusei Kikuchi on the mound, visit the Kansas City Royals (13-9) who will counter with Brady Singer, at 7:40 PM ET on Monday.The article below will provide you with everything you need to know...

How to Watch Padres vs. Rockies: Live Stream or on TV

The San Diego Padres (12-12), with Dylan Cease on the hill, visit the Colorado Rockies (5-16) who will counter with Austin Gomber, at 8:40 PM ET on Monday in a series opener.See how to watch the San Diego-Colorado matchup below.When...

Twins vs. White Sox: Free Live Stream, TV Channel, How to Watch

Ryan Jeffers and the Minnesota Twins (7-13) host Gavin Sheets and the Chicago White Sox (3-18) on Monday in a series opener, with first pitch at 7:40 PM ET.If you're planning on watching this game, keep reading for streaming and...

Braves vs. Marlins: Free Live Stream, TV Channel, How to Watch

On Monday, Marcell Ozuna and the Atlanta Braves (14-5) open a series versus Luis Arraez and the Miami Marlins (6-17) at Truist Park, with first pitch scheduled for 7:20 PM ET.Keep reading to find out how to watch the Atlanta-Miami...

Celtics vs. Heat Prediction: Expert Picks, Odds, Stats and Best Bets for NBA Playoffs Game 2 – Wednesday, April 24, 2024

The Miami Heat are big 15-point underdogs for Game 2 of the first round of the NBA Playoffs against the Boston Celtics at TD Garden on Wednesday, tipping off at 7:00 PM ET on TNT. The Celtics are on top...

Tigers vs. Rays: Start Time, Streaming Live, TV Channel, How to Watch

Riley Greene and the Detroit Tigers (12-10) visit Amed Rosario and the Tampa Bay Rays (12-11) on Monday, with first pitch at 6:50 PM ET.Keep reading to find out all the details on how to watch Detroit play Tampa Bay...

Phillies vs. Reds: Free Live Stream, TV Channel, How to Watch

The Philadelphia Phillies (14-8), with Ranger Suarez on the hill, visit the Cincinnati Reds (12-9) who will hand the ball to Hunter Greene, at 6:40 PM ET on Monday in a series opener.Keep reading to see how to watch the...

Pirates vs. Brewers: Free Live Stream, TV Channel, How to Watch

The Pittsburgh Pirates (11-11), led by Connor Joe, host William Contreras and the Milwaukee Brewers (14-6) at 6:40 PM ET on Monday in a series opener.The article below will give you everything you need to know to watch Pittsburgh take...

Cavaliers vs. Magic Predictions, Best Bets and Odds: NBA Playoffs Game 2 – Monday, April 22, 2024

The Orlando Magic are 5.5-point underdogs heading into Game 2 of the opening round of the NBA Playoffs against the Cleveland Cavaliers at Rocket Mortgage FieldHouse on Monday, starting at 7:00 PM ET on NBA. The Cavaliers are up 1-0...

more betting news