March Madness Odds 2023: Updated National Championship, Final Four favorites, sleepers ahead of Sweet 16

March Madness Odds 2023: Updated National Championship, Final Four favorites, sleepers ahead of Sweet 16

The 2023 NCAA Tournament field has been whittled down to 16 schools, setting up another action-packed weekend on the hardwood. The first weekend saw two No. 1 seeds fall (Purdue and Kansas) and two higher seeds (Florida Atlantic, Princeton) keep their hopes of cutting down the nets at NRG Stadium alive.

Despite entering the tournament with the second-best odds of winning it all, the Alabama Crimson Tide (+350) have overtaken the Houston Cougars (+400) as the team to beat. Alabama’s certainly looked like the most dominant school in the field, winning its first two games by an average of 21.5 points, but the main reason behind its pricing as the odds-on favorite is a result of its favorable draw.

With three of the top four seeds in the South region already ousted (No. 2 Arizona, No. 3 Baylor, No. 4 Virginia), the Crimson Tide have a real chance to advance to their first-ever Final Four in school history. They’re pegged as a -375 favorite on the moneyline against San Diego State on Friday night (implied win probability: 78.95 percent), and with a win, the Crimson Tide likely close as a multi-possession favorite over both Creighton (+1000) and Princeton (+15000) in a potential Elite Eight matchup.

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Outside of the Crimson Tide, what are the updated odds for the 2023 NCAA Tournament? Here’s a look at the current odds on each school’s chances of winning it all.

Updated March Madness odds 2023

Sitting right behind Alabama was the pre-Tournament favorite, Houston, who’s still in the driver’s seat to appear in its second Final Four in three seasons. Getting past the Miami Hurricanes on Friday night won’t be easy, but the Cougars are still expected to win the Midwest region with -125 odds to reach the Final Four.

UCLA (+800) has the third-best odds to win their 12th National Championship in school history and the first since 1995, but Mick Cronin’s bunch is in for a real test against a surging Gonzaga (+1100).

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Rodney Terry’s two wins away from taking the Texas Longhorns (+900) back to the Final Four for the first time since 2003, but a Sweet 16 test against Sean Miller’s Xavier Musketeers (+3000) will require the Longhorns to lock in on both ends of the court.

Despite their late-season inconsistencies, Tennessee (+1400) looks on its way to its first-ever Final Four, as the Volunteers’ stifling defense should fare well against Florida Atlantic (+5000) and the winner of Kansas State (+2500) /Michigan State (+2500).

On the sleeper front, San Diego State (+4000) odds could be appealing for those who love betting on upsets. The Aztecs have the size and physicality to hang with the Crimson Tide, and if guards Matt Bradley, Darrion Trammell, and Micah Parrish get hot, don’t be surprised to see Brian Dutcher’s crew take down the odds-on favorite. If that were to transpire, SDSU’s path to a National Championship is within reach.

Arkansas (+3000) matches up well against Connecticut (+900), giving Eric Musselman’s Razorbacks some value with a 30-1 price tag. Arkansas’ playing its best basketball at the right time, living up to its preseason top-10 ranking.

Below are the updated odds for every team left in the field to win the NCAA Tournament and make the Final Four, per BetMGM. 

March Madness 2023: National Championship odds

March Madness 2023: Updated Final Four odds

Published at Tue, 21 Mar 2023 19:02:00 +0000