🏀 March Madness Odds 2027: Duke, Michigan Open as Favorites
Last Updated: April 7, 2026 10:59 AM EDT • 2 minute read X Social Google News Link
After taking home the NCAA Tournament this year, Michigan opened with the second-shortest March Madness odds to repeat in 2027.
The Wolverines' +800 odds are only topped by Duke, with the Blue Devils sitting at +700 to win the NCAA Tournament. John Scheyer and Dusty May are set to bring in the top two recruiting classes in the country for the 2026-27 season, which is a big reason why they lead the 2027 March Madness opening odds.
📊 March Madness odds 2027
2027 March Madness odds from our best March Madness betting sites.
| Team | Odds | Implied probability |
|---|---|---|
| Duke | +700 | 12.5% |
| Michigan | +800 | 11.1% |
| Arizona | +1200 | 7.7% |
| Florida | +1300 | 7.1% |
| Houston | +1400 | 6.7% |
| Michigan State | +1500 | 6.3% |
| Connecticut | +1600 | 5.9% |
| Kansas | +1600 | 5.9% |
| Arkansas | +2000 | 4.8% |
| Illinois | +2000 | 4.8% |
| North Carolina | +2200 | 4.3% |
| Vanderbilt | +2500 | 3.8% |
| Gonzaga | +2500 | 3.8% |
| Texas Tech | +2500 | 3.8% |
| St. John's | +3000 | 3.2% |
| Virginia | +3000 | 3.2% |
| Iowa State | +3000 | 3.2% |
| Kentucky | +3000 | 3.2% |
| Alabama | +3000 | 3.2% |
| Louisville | +5000 | 2.0% |
| Purdue | +5000 | 2.0% |
| BYU | +5000 | 2.0% |
| Tennessee | +5000 | 2.0% |
| Miami | +5000 | 2.0% |
🔢 March Madness opening odds
Odds via FanDuel.
| Team | Odds | Implied probability |
|---|---|---|
| Duke | +700 | 12.5% |
| Michigan | +800 | 11.1% |
| Arizona | +1200 | 7.7% |
| Florida | +1300 | 7.1% |
| Houston | +1400 | 6.7% |
| Michigan State | +1500 | 6.3% |
| Connecticut | +1600 | 5.9% |
| Kansas | +1600 | 5.9% |
| Arkansas | +2000 | 4.8% |
| Illinois | +2000 | 4.8% |
| North Carolina | +2200 | 4.3% |
| Vanderbilt | +2500 | 3.8% |
| Gonzaga | +2500 | 3.8% |
| Texas Tech | +2500 | 3.8% |
| St. John's | +3000 | 3.2% |
| Virginia | +3000 | 3.2% |
| Iowa State | +3000 | 3.2% |
| Kentucky | +3000 | 3.2% |
| Alabama | +3000 | 3.2% |
| Louisville | +5000 | 2.0% |
| Purdue | +5000 | 2.0% |
| BYU | +5000 | 2.0% |
| Tennessee | +5000 | 2.0% |
| Miami | +5000 | 2.0% |
💰 March Madness odds history
| Year | Team | Preseason odds |
|---|---|---|
| 2025-26 | Michigan | +2500 |
| 2024-25 | Florida | +6000 |
| 2023-24 | UConn | +2000 |
| 2022-23 | UConn | +8000 |
| 2021-22 | Kansas | +1400 |
| 2020-21 | Baylor | +800 |
| 2019-20 | Canceled | |
| 2018-19 | Virginia | +1350 |
| 2017-18 | Villanova | +2700 |
| 2016-17 | North Carolina | +1900 |
| 2015-16 | Villanova | +2500 |
| 2014-15 | Duke | +900 |
| 2013-14 | Connecticut | +6500 |
| 2012-13 | Louisville | +700 |
❓March Madness FAQs
Who is the March Madness 2027 favorite?
Duke and Michigan are the 2027 March Madness odds favorites. The Blue Devils' (+700) and Wolverines' odds (+800) imply a better than 11% probability they'll win the NCAA Tournament, according to our odds calculator.
Who won March Madness this season?
Michigan beat UConn 69-63 in the 2026 NCAA Tournament to win March Madness.
When is the 2027 national championship game?
The 2027 NCAA Tournament's national championship game will be on April 5, with the Final Four on April 3. Both will be hosted at Ford Field in Detroit.
When does the 2027 NCAA Tournament start?
Selection Sunday for the 2027 NCAA Tournament is Sunday, March 14, 2027, with the First Four games slated for March 16 and 17, and the first round on March 18 and 19.
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