March Madness Odds 2026: Michigan, Arizona Clear Favorites Midway Through Season
As the back half of the season gets underway, Michigan and Arizona are the top two favorites by the March Madness odds, with just one loss between the two of them.
While the Wildcats have yet to lose, it's the Wolverines who sit atop the board with +450 odds to win March Madness. Dusty May's team is ranked No. 1 by KenPom, but Arizona, +550 to win March Madness is No. 1 in the latest top 25 rankings.
Meanwhile, college basketball powers like UConn (+1200), Houston (+1200), Duke (+1300), and Purdue (+1500) trail Michigan and Arizona. However, the March Madness odds are wide open as Selection Sunday (March 15) approaches.
📊 Live March Madness odds 2026
Our March Madness odds update in real time based on the latest college basketball odds.
| Highest ticket percentage | Highest handle percentage |
|---|---|
| Purdue (11.1%) | Purdue (13.8%) |
| Houston (8.8%) | Houston (8.9%) |
| Duke (8.4%) | Kentucky (8.5%) |
| Kentucky (7%) | Duke (7.4%) |
| UConn (6.2%) | UConn (6.8%) |
🔢 March Madness opening odds
Odds via FanDuel.
- Duke: +1000
- Houston: +1200
- Louisville: +1400
- Purdue: +1400
- BYU: +1600
- Kansas: +1600
- Alabama: +1800
- Arkansas: +1800
- Auburn: +1800
- UConn: +1800
- Kentucky: +2000
- Florida: +2500
- Michigan: +2500
- St. John's: +2500
- Texas Tech: +2500
- Gonzaga: +3000
- Iowa State: +3000
- Tennessee: +3000
- UCLA: +3000
- Arizona: +3500
- Michigan State: +3500
- Baylor: +5000
- Creighton: +5000
- Indiana: +5000
- North Carolina: +5000
💰 March Madness odds history
| Year | Team | Preseason odds |
|---|---|---|
| 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 2026 favorite?
Michigan is the 2026 March Madness odds favorite. The Wolverines' odds (+450) imply an 18.18% probability that they'll win the NCAA Tournament, according to our odds calculator.
Who won March Madness last year?
Florida beat Houston 65-63 in the NCAA Championship to win its third national title in program history.
When is the national championship game?
The 2026 March Madness tournament will begin with Selection Sunday on Sunday, March 15. The NCAA Championship will be played on Monday, April 6.
Where is the national championship game?
The Final Four and national championship game of the 2026 NCAA Tournament will be played at Lucas Oil Stadium in Indianapolis.
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