🏀 March Madness Odds 2027: Duke, Michigan Open as Favorites

Duke (+700) and Michigan (+800) opened as the favorites by the March Madness odds to win the 2027 NCAA Tournament.
Michigan's Elliot Cadeau and Trey McKenney have the Wolverines atop the 2027 March Madness odds after winning the 2026 NCAA Tournament.
Pictured: Michigan's Elliot Cadeau and Trey McKenney have the Wolverines atop the 2027 March Madness odds after winning the 2026 NCAA Tournament. Photo by Trevor Ruszkowski-Imagn Images.
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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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