March Madness Final Four Odds - Alabama, Houston Top Favorites to Win Regions

A general view in the second half during the 2021 NCAA Final Four semifinal as well look at the Final Four odds 2023. — A general view in the second half during the 2021 NCAA Final Four semifinal between the Houston Cougars and the Baylor Bears at Lucas Oil Stadium on April 03, 2021 in Indianapolis, Indiana. Photo by Andy Lyons /Getty Images via AFP.

We're down to 16 teams remaining in the March Madness field. Below, we look at who's most likely to win each NCAA Tournament region in the Final Four odds.

No. 1 teams Purdue and Kansas have been eliminated from the 2023 NCAA Tournament field. They're joined by top seeds Arizona, Marquette, and Baylor on the sidelines entering Sweet 16 and Elite Eight play this week. The Final Four odds can help you with your March Madness picks for this week's games.

Here's our look at the best 2023 Final Four odds (odds via DraftKings Sportsbook, FanDuel Sportsbook, BetMGM, Caesars, and PointsBet).

Final Four odds 2023

Odds to win West region

Team	DraftKings	FanDuel	BetMGM	Caesars	PointsBet
UConn	+210	+185	+200	+210	+200
UCLA	+210	+195	+205	+210	+200
Gonzaga	+240	+230	+230	+225	+250
Arkansas	+550	+600	+575	+550	+550

West region odds

Defending champion Kansas was knocked out of March Madness on Saturday, proving the books right in what seemed like inflated odds for the Jayhawks to win the West region. Our top sports betting sites UConn a slight edge over No. 2 UCLA in the remaining Final Four odds. UConn and Gonzaga are both featured prominently in our March Madness picks and may represent some value in your March Madness upset predictions.

Odds to win East region

Team	DraftKings	FanDuel	BetMGM	Caesars	PointsBet
Tennessee	+130	+125	+115	+125	+125
Michigan State	+300	+270	+300	+300	+300
Kansas State	+350	+320	+340	+350	+325
Florida Atlantic	+450	+470	+440	+420	+450

East region odds

Purdue, the Big Ten champion this season, was eliminated by No. 16 Fairleigh Dickinson on Friday night. That briefly left the East region as the most wide-open of the four quadrants but Tennessee has taken a strong hold as the new favorite.

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Odds to win South region

Team	DraftKings	FanDuel	BetMGM	Caesars	PointsBet
Alabama	-140	-145	-130	-150	-150
Creighton	+195	+175	+190	+200	+200
San Diego State	+600	+650	+550	+600	+550
Princeton	+2500	+2500	+3000	+2000	+2500

South region odds

There's a fair bit of separation between No. 1 Alabama and Creighton in the odds to win the South Region with Alabama being one of two regional favorites laying minus odds entering the Sweet 16.

Odds to win Midwest region

Team	DraftKings	FanDuel	BetMGM	Caesars	PointsBet
Houston	-115	-110	-125	-120	-110
Texas	+210	+190	+200	+210	+210
Xavier	+700	+600	+650	+650	+700
Miami	+800	+700	+900	+750	+800

Midwest region odds

Houston opened March Madness as the heaviest favorite of the four No. 1 seeds entering Round 1. The Cougars are now the biggest favorites in the region winner markets entering the Sweet 16. The Cougars' biggest test by these odds will come from No. 2 Texas in a potential Elite Eight encounter.

Texas Longhorns celebrate after defeating the Kansas Jayhawks as we look at the Final Four odds. — Texas Longhorns celebrate after defeating the Kansas Jayhawks in the Big 12 Tournament Championship game at T-Mobile Center on March 11, 2023 in Kansas City, Missouri. Photo by Jamie Squire/Getty Images via AFP.

Recent March Madness winners

Odds from SportsOddsHistory.com.

Year	Team	Closing Odds
2021-2022	Kansas	+2000
2020-2021	Baylor	+800
2019-2020	Canceled
2018-2019	Virginia	+1800
2017-2018	Villanova	+2700
2016-2017	North Carolina	+2400
2015-2016	Villanova	+2600
2014-2015	Duke	+1000
2013-2014	Connecticut	+7000
2012-2013	Louisville	+800

March Madness FAQs

Who won March Madness last year?

The Kansas Jayhawks defeated the North Carolina Tar Heels 72-69 to win the 2022 NCAA Tournament.

When does March Madness 2023 start?

Selection Sunday is set to occur on Sunday, March 12, 2023, four days before the tournament kicks off on March 16. The first round will be played on March 16 and 17.

When will March Madness be decided?

The 2023 Final Four will be held on Saturday, April 1, 2023. The National Championship Game takes place the following Monday on April 3, 2023.

Where will March Madness be played?

The 2023 Final Four and National Championship Game will be held in Houston, TX, at NRG Stadium.

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Written By:
Esten McLaren

Esten is the Senior Publishing Editor for SportsbookReview.com. He previously spent time as the Managing Editor of SportsbookWire.com, and he has done freelance work in sports betting for TheLines, PlayPicks, and BettingPros. He's well versed in the NFL, NHL, MLB, and NBA, but his true passion is with the PGA Tour. Esten's always happy to chase a long shot and will never shy away from a futures bet, but he'll never stop backing Rory McIlroy in majors. He's also a recovering Ottawa Senators and Atlanta Falcons fan. Always bet against the Toronto Maple Leafs at plus money.