March Madness Odds 2021 — Final Four Odds

Updated: March 3, 2021

Patrick Everson
Clock Icon Mar 2, 2021 – 1:45 PM ET

It’s the first week of March, and college basketball betting eyes are laser-focused on March Madness odds. After last year’s NCAA Tournament was canceled, bettors are more eager than ever for March Madness.

NCAA basketball betting has seen plenty of shifting in the 2020-21 season, and this past week was no exception, with previously unbeaten Baylor taking a fall. Still, the Bears are co-favorites with unbeaten Gonzaga at BetMGM Nevada, while Michigan continues surging, as those three teams lead the way on the 2021 March Madness odds board.

2021 March Madness odds

Gonzaga and Baylor have been clear favorites for a couple of months, but Michigan has now joined that party. Here are the latest odds to win March Madness, as of March 1, 2021.

Team March Madness odds
Gonzaga Bulldogs +300
Baylor Bears +300
Michigan Wolverines +400
Iowa Hawkeyes +1,400
Villanova Wildcats +1,400
Ohio State Buckeyes +1,400
Florida State Seminoles +1,600
Illinois Fighting Illini +1,800
Texas Longhorns +1,800
Creighton Bluejays +2,000
Houston Cougars +2,000
West Virginia Mountaineers +2,000
Alabama Crimson Tide +2,000
Kansas Jayhawks +2,500
Virginia Cavaliers +2,500
USC Trojans +2,500
Texas Tech Red Raiders +2,500
Wisconsin Badgers +2,500
UCLA Bruins +3,000
Louisville Cardinals +3,500
Tennessee Volunteers +3,500
Oklahoma Sooners +3,500
Arkansas Razorbacks +4,000
Loyola-Chicago Ramblers +4,000

Odds courtesy of BetMGM

BetMGM Nevada has a deadlock atop its March Madness odds board, with unbeaten Gonzaga (24-0) and now once-beaten Baylor (18-1) at +300. Gonzaga, which also sits atop the AP poll, continues plowing through the West Coast Conference, after nonconference wins against Kansas, West Virginia, Iowa, and Virginia.

Baylor, however, showed signs of trouble in both of its games last week, following a three-week COVID pause within the program. The Bears got all they could handle in a 77-72 home win over Iowa State as massive 24-point favorites Feb. 23, then went to Kansas on Feb. 27 and lost by double digits, 71-58 as 4.5-point faves.

Michigan continues to be the team on the move, improving to 18-1 last week while also continuing to be a great bet, with a 15-4 ATS mark that ranks third in the nation. The Wolverines are now the +400 third choice at BetMGM, and the odds drop off significantly from there, with Villanova, Ohio State and Iowa all at +1,400.

March Madness futures action report

Biggest climb: Michigan Wolverines

Michigan is in this role for the third straight week, but there’s less and less room for the Wolverines to move up on the March Madness odds table. The Wolverines notched a blowout home win over a very good Iowa team last week, then rolled on the road at Indiana, as well. That has Michigan at +400, just a notch behind Gonzaga and Baylor at BetMGM Nevada.

“Michigan and Gonzaga are both losers for us. Nothing huge, and we lose pretty much the same to both,” BetMGM Nevada’s Scott Shelton said, while noting the book is lucky its Michigan situation isn’t more precarious, as some books had the Wolverines as long as 100/1 early this season. “We avoided opening Michigan at a huge number, so that probably saved us.”

Furthest fall: Tennessee Volunteers

Two weeks ago, Tennessee was 14/1 at BetMGM Nevada. A week ago, the Volunteers were out to 22/1, and on March 2, the Vols are 35/1 as they quickly fall out of favor with oddsmakers and bettors.

Tennessee is a respectable 16-7 overall, but just 2-3 in its last five games, including a 15-point home loss as 7.5-point chalk against a Kentucky team having a horrible season (8-14). Then last weekend, the Vols went to sub-.500 Auburn as 8-point favorites and lost outright, 77-72.

“They’re definitely a team going the wrong way,” BetMGM’s Shelton said.

Team to watch: Arkansas Razorbacks

Arkansas is making some noise in the Southeastern Conference with a strong late-season push. The Razorbacks are on a six-game SU and ATS win streak and are 9-1 SU in their last 10 outings (8-2 ATS). That run includes an 81-66 home rout Feb. 24 over SEC-leading Alabama.

The Razorbacks opened the season +3,500 at BetMGM Nevada and slipped as far as +6,600, but they’re now gaining steam and nearly back to their opener at +4,000.

2021 Final Four odds

Bettors can also wager on what teams will be left standing near the end of the tournament. Here are the odds on what teams reach the Final Four as of Feb. 7, 2021.

Team Final Four odds
Gonzaga Bulldogs -300
Baylor Bears -300
Michigan Wolverines -175
Villanova Wildcats +200
Iowa Hawkeyes +250
Ohio State Buckeyes +300
Texas Longhorns +350
Kansas Jayhawks +400
Florida State Seminoles +400
Houston Cougars +400
Texas Tech Red Raiders +400
Illinois Fighting Illinni +400
Oklahoma State Cowboys +400
Alabama Crimson Tide +400
Virginia Tech Hokies +400

Odds courtesy of PointsBet USA

Past March Madness winners

Season National Champion Odds Prior to Round 1 of March Madness
2019-20 Tournament canceled N/A
2018-19 Virginia Cavaliers +675
2017-18 Villanova Wildcats +570
2016-17 North Carolina Tar Heels +535
2015-16 Villanova Wildcats +1,500
2014-15 Duke Blue Devils +1,000
2013-14 Connecticut Huskies +9,500
2012-13 Louisville Cardinals +450
2011-12 Kentucky Wildcats +185
2010-11 Connecticut Huskies +2,500
2009-10 Duke Blue Devils +650
2008-09 North Carolina Tar Heels +400
2007-08 Kansas Jayhawks +700
2006-07 Florida Gators +400
2005-06 Florida Gators +2,000
2004-05 North Carolina Tar Heels +350
2003-04 Connecticut Huskies +450
2002-03 Syracuse Orange +1,800
2001-02 Maryland Terrapins +350
2000-01 Duke Blue Devils +250

Understanding March Madness futures odds

Sportsbooks will post odds for the NCAA men’s basketball championship as early as the summer before the season starts. These odds are constantly adjusted throughout the offseason as players get hurt, suspended or are traded. Once the season begins in November, title odds will change as often as daily as teams win and lose games and as players get hurt or suspended. Sportsbooks will also adjust the March Madness futures odds based on handle and liability to certain teams.

March Madness futures odds will usually look like this:

This means that on a $100 bet, you’ll stand to win $1,000 if the Jayhawks win the NCAA men’s basketball title. If it’s close to the end of the regular season or even during the tournament and college basketball has a very dominant team, you might see that a team is has a minus sign (-) ahead of its odds. 

This means that you would need to bet $120 to win $100 on a Duke championship.

Above we have posted the American odds for March Madness futures. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

How to bet college basketball futures

Predicting the winner of the NCAA men’s college basketball tournament is one of the hardest things to do in sports betting. The lose-and-go-home format and the fact that a school needs to win six straight games against quality opponents means that the favorites don’t always take home the title.

Another factor that comes into play is that the tournament bracket isn’t set until Selection Sunday. As the college basketball season winds down, you can be pretty sure that the big favorites will slide into the bracket as top seeds. But for teams in the middle of the pack, nothing is certain.

As always when betting futures odds, be sure to look into injuries and suspensions. You might find some current value in a team that is expecting to get a key player back before March Madness begins. 

Instant replay: March Madness odds

Here are a few key points for 2021 March Madness odds:

• The Gonzaga Bulldogs (+300) and the Baylor Bears (+300) are the current favorites to win March Madness. 

• Sportsbooks start releasing March Madness futures odds before the season starts and are constantly adjusting them.

March Madness odds FAQs

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