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Let the Madness begin, March Madness 2021 is almost here! A field of 68 NCAA men’s college basketball teams will battle it out throughout March and into April to declare which team is the best in the nation. Along the way, we’ll have all of the 2021 March Madness odds, picks and predictions you’re looking for and more college basketball sports betting coverage than you’ll know to do with.
The early National Champion favorites include Gonzaga (+300), Baylor (+300) and Michigan (+700) per the oddsmakers at BetMGM Sportsbook.
Selection Sunday is scheduled for 6 p.m. ET March 14, 2021 with the First Four games beginning 4 p.m. ET Thursday, March 18. The First Round of March Madness takes place Friday, March 19, and Saturday, March 20. The Final Four is scheduled for April 3 and 5. The National Championship game is scheduled for April 5, 2021.
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- 08:00 PM: 26121: Los Angeles Lakers +150: 26120: Los Angeles Clippers +280: 26130: Utah Jazz +350: 26117: Denver Nuggets +1400: 26126: Phoenix Suns +1400: 26116.
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- If you have ever bet on sports, you have likely come across numbers that look something like this:-400 +450-300-250-1000 +200-100-150 +225 What you are seeing in these numbers is something called 'American odds'. There are three different ways to express odds when it comes to sports betting - American odds, fractional odds and decimal odds.
March Madness National Championship Odds
March Madness odds via BetMGM Sportsbook, last updated Feb. 25, 2021. Place your legal, online bets in CO, IA, IN, MI, NJ, PA, TN, VA and WV at BetMGM. New customer offer: Risk-free first bet! Terms and conditions apply. Bet now!
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| School | Tournament Winner Odds |
| Gonzaga | +300 |
| Baylor | +300 |
| Michigan | +700 |
| Villanova | +1100 |
| Wisconsin | +1300 |
| Ohio State | +1400 |
| Houston | +1400 |
| Texas | +1400 |
| Florida State | +1600 |
| Alabama | +1600 |
| Texas Tech | +1600 |
| Creighton | +1800 |
| Iowa | +1800 |
| Virginia | +2000 |
| Tennessee | +2000 |
| Illinois | +2000 |
| West Virginia | +2500 |
| USC | +2500 |
| Missouri | +3000 |
| Louisville | +3500 |
| UCLA | +3500 |
| Indiana | +3500 |
| Oklahoma | +4000 |
| Xavier | +4000 |
| Loyola-Chicago | +4000 |
| Kansas | +5000 |
| San Diego State | +5000 |
| Oregon | +5000 |
| Florida | +5000 |
| North Carolina | +5000 |
| LSU | +5000 |
| Stanford | +5000 |
| UCONN | +5000 |
| Marquette | +5000 |
| Virginia Tech | +5000 |
| SMU | +5000 |
| Colorado | +5000 |
| Saint Louis | +5000 |
| Rutgers | +5000 |
| Seton Hall | +5000 |
| Michigan State | +6600 |
| Arizona State | +6600 |
| Purdue | +6600 |
| Minnesota | +6600 |
| Utah State | +6600 |
| Arkansas | +6600 |
| Duke | +8000 |
| Kentucky | +8000 |
| Syracuse | +8000 |
| BYU | +8000 |
| Memphis | +8000 |
| Clemson | +8000 |
| Boise State | +8000 |
| Drake | +8000 |
| Miami (Fla.) | +8000 |
| Maryland | +10000 |
| Butler | +10000 |
| Dayton | +10000 |
| Mississippi State | +10000 |
| Penn State | +10000 |
| Richmond | +10000 |
| South Carolina | +10000 |
| Saint Mary’s | +10000 |
| Georgia Tech | +10000 |
| Wichita State | +10000 |
| Pittsburgh | +10000 |
| Rhode Island | +10000 |
| Ole Miss | +10000 |
| UNLV | +10000 |
| VCU | +10000 |
| North Western | +10000 |
| Providence | +12500 |
| NC State | +15000 |
| Notre Dame | +15000 |
| TCU | +15000 |
| Temple | +15000 |
| UCF | +15000 |
| Nevada | +15000 |
| Belmont | +15000 |
| Western Kentucky | +15000 |
| Northern Iowa | +20000 |
| Cincinnati | +20000 |
| Utah | +20000 |
| Iowa State | +20000 |
| Georgetown | +20000 |
| Nebraska | +20000 |
| Texas A&M | +25000 |
| St. John’s | +25000 |
| Davidson | +25000 |
| Georgia | +25000 |
| DePaul | +25000 |
| Colorado State | +25000 |
| Oregon State | +30000 |
| Tulsa | +30000 |
| Tennessee Tech | +50000 |
| Washington | +50000 |
| California | +50000 |
| Kansas State | +50000 |
| St. Bonaventure | +50000 |
| Liberty | +50000 |
| Vanderbilt | +50000 |
| San Francisco | +50000 |
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Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.
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Sports Betting Odds Explained
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds
- Matchup Odds
- New England Patriots +120
- Pittsburgh Steelers -140
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Examples:
Below is an example of NFL betting odds taken from an online betting site.
In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
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Decimal Style Sports Betting Odds
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
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If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
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Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.