2020 March Madness odds: Three teams co-favored to win

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We are less than a month away from tournament tip-off and as the hype for March Madness grows, we give you a rundown on the odds for the top teams to take home this year’s NCAA men’s college basketball championship.

In what is easily the most wide-open field we have seen in years, there is a three-way logjam as favorite to cut down the nets on April 6 as Kansas, Baylor, and Gonzaga all top the list with +1,000 odds. Duke and Louisville, the two top teams in the ACC, come in next at +1,400 and +1,600, respectively, while undefeated San Diego State gives bettors odds of +1,800.

Oddsmakers at Bet365, one of the most popular online sportsbooks in the world, aren’t expecting a repeat champion as the Virginia Cavaliers sit at +5,500. Texas Tech, the 2019 runner up, comes in at +6,000.

Here are the updated odds for the Top 40 betting favorites:

Odds to win 2020 March Madness

Team Odds to win March Madness
Kansas Jayhawks +1,000
Baylor Bears +1,000
Gonzaga Bulldogs +1,000
Duke Blue Devils +1,400
Louisville Cardinals +1,600
San Diego State Aztecs +1,800
Dayton Flyers +2,000
Kentucky Wildcats +2,200
Maryland Terrapins +2,200
Oregon Ducks +2,500
Michigan State Spartans +2,500
Seton Hall Pirates +2,800
Auburn Tigers +3,000
Florida State Seminoles +3,300
Villanova Wildcats +3,300
Arizona Wildcats +4,000
Penn State Nittany Lions +4,000
West Virginia Mountaineers +4,000
Michigan Wolverines +4,500
Ohio State Buckeyes +4,500
Butler Bulldogs +5,000
Creighton Bluejays +5,500
Virginia Cavaliers +5,500
Houston Cougars +6,000
Texas Tech Red Raiders +6,000
Illinois Fighting Illini +6,000
Colorado Buffaloes +6,000
Xavier Muskateers +7,000
Iowa Hawkeyes +7,000
Purdue Boilermakers +7,000
Marquette Golden Eagles +7,000
Wichita State Shockers +7,000
North Carolina Tar Heels +8,000
Memphis Tigers +8,000
Arkansas Razorbacks +8,000
Saint Mary’s Gaels +8,000
LSU Tigers +9,000
Florida Gators +9,000
Wisconsin Badgers +9,000
Tennessee Volunteers +9,000

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:

  • Kansas Jayhawks +1,000

This means that on a $100 bet, you’ll stand to win $1,100 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.

  • Duke Blue Devils -120

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, which falls on March 15, 2020, this year. 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. Take a team like North Carolina as an example. They sit within the Top 40 betting favorites at +8,000 but the Tar Heels are in the middle of a losing season and would likely need an ACC tournament win to go dancing in 2020.

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.