March Madness National Title Odds Report, Trends: Everything You Need To Know

Patrick Everson Sports Betting Expert

4 minute read

For the latest 2023-24 March Madness Odds, Check Out March Madness National Title Odds And Betting Trends: Everything You Need To Know Know

March Madness odds are finally moving to the forefront. And it's been an interesting few months of shuffling in odds to win the NCAA Tournament.

Defending national champion UConn and Duke opened as co-favorites at BetMGM. For several weeks now, UConn has been alone atop the college basketball national championship odds board.

Here's everything you need to know about the 2023-24 March Madness odds market: action, movement and betting trends. Check back regularly for updates, as bookmakers provide their insights on NCAA Tournament futures odds. Looking for more basketball picks? Check out our NBA odds. And use our BetMGM bonus code to get the most out of your action.

March Madness Odds

Playing Favorites

UConn is clearly the class of the March Madness futures odds market. The Huskies are now +500 favorites to win the NCAA Tourney.

UConn had a 14-game SU spree before finally cooling off in a Feb. 20 contest at Creighton. The Huskies got hammered 85-66 as 2.5-point road favorites. But they've bounced back with five consecutive victories, covering in all five.

At 28-3 SU (20-11 ATS), UConn isn't lacking for backers at the championship betting window. In fact, in digital betting (mobile/online), the Huskies are taking the most money to win it all at BetMGM.

"We can’t stop writing tickets on UConn at the moment. They’ve looked mighty impressive and bettors have taken notice," BetMGM trader Seamus Magee said. "I think UConn this year might be better than it was last year. The Huskies are deep and have guys all over the roster who can hit shots."

When NCAA Tournament odds first posted in April, UConn was the +1200 favorite.

Flavors of the Week

Tennessee was dealt a home loss by Kentucky in the regular-season finale. But the Vols (24-7 SU/16-14-1 ATS) had a 7-0 SU/6-1 ATS run prior to that loss, helping them win the SEC regular-season title.

Rick Barnes' squad is the +1200 fifth choice in BetMGM's March Madness odds market. And bettors of late are on board.

"Tennessee has been in the bet ticker a lot recently, off their SEC regular-season championship," Magee said, pointing to the Vols' star guars as a key. "Dalton Knecht is amazing. He could finally be the piece Rick Barnes has been missing all these years."

Magee also admits he might be doing a 180 on Gonzaga. The Bulldogs (24-6 SU/14-15 ATS) are on a 9-0 SU run (6-3 ATS), including wins at Kentucky and at St. Mary's.

The Zags moved from +8000 to +6000 during that same week.

"There's been plenty of interest on Gonzaga off the back of their wins at Kentucky and Saint Mary's," Magee said. "I said last week that I thought Mark Few has had better teams, and that I didn't see a deep run for them. But metrically, the Zags have been playing some of the best basketball in the country for over a month now.

"Upon further inspection, I may have to rethink my opinion of this team. If Gonzaga goes on to win the WCC in Vegas this week, this could be the look of a team that people might say is peaking at the right time"

Ticket Takers and Money Makers

In BetMGM's mobile/online betting nationally, Kentucky is No. 1 in ticket count in the March Madness odds market. UConn is No. 2, followed by Purdue and Kansas.

As noted above, UConn is taking the most money at BetMGM and Kentucky is No. 2. Purdue and Kansas are Nos. 3-4, respectively, in money count.

Magee said BetMGM customers are rooting mostly for Kentucky, UConn, Kansas, Purdue and Arizona (+1000). So who would the book like to see come out on top in the March Madness odds market?

"Houston, Duke, Tennessee, Auburn and Marquette. We wouldn't mind seeing North Carolina, either," Magee said, while reminding that the bulk of championship futures money hasn't even been wagered yet. "All this will surely change once outright betting really gets going [this month]."

Auburn is the +2000 seventh choice, and Duke and Marquette are both +2500. North Carolina is +1800.

Patrick Everson

Patrick Everson is a senior reporter for VegasInsider. Based in Las Vegas since 1994, he's worked in the sports betting journalism/content space for more than a decade. He's most known for his deep roster of contacts behind sportsbook counters, providing readers and viewers with the ins-and-outs of how events are being bet. He's also a thought leader in the sports betting space, often appearing on or moderating panels at national conferences. More from Patrick Everson