March Madness Odds Analysis

11 min read
Author
Mike Rosenberg
Mike Rosenberg
Writer
Last Updated: May 27, 2024, 5:09 PM

March Madness Odds Analysis

March Madness is back and ready to thrill college basketball fans with buzzer beaters and upsets that create a new batch of memorable tournament moments. Before rushing out to sign up to a new sportsbook, let’s compare the March Madness odds on different platforms so you can make a more informed decision. 

Comparing futures odds at FanDuel, DraftKings, BetMGM, ESPN Bet, bet365, Caesars, and PointsBet is extremely important before March Madness. Odds can fluctuate due to a number of factors but we have analyzed the latest March Madness Odds to give you a better picture. 

March Madness Odds Comparison Table

Team

FanDuel

DraftKings

BetMGM

ESPN BET

bet365

Caesars

PointsBet

Connecticut

+450

+475

+450

+450

+475

+450

+450

Houston

+600

+600

+600

+600

+650

+550

+650

Purdue

+800

+750

+700

+700

+750

+650

+750

Arizona

+1400

+1300

+1100

+1300

+1100

+900

+1100

Tennessee

+1600

+1100

+1200

+1300

+1200

+1200

+1200

North Carolina

+2000

+1600

+1800

+2000

+1600

+1400

+1400

Kentucky

+2500

+1800

+2000

+2000

+2000

+1400

+2000

Auburn

+2000

+2200

+2000

+2500

+2500

+2000

+2000

Marquette

+3000

+2500

+2500

+3000

+2500

+2500

+2200

Iowa State

+3000

+2500

+2500

+3000

+2500

+2500

+2000

Duke

+2500

+2500

+2500

+2500

+2200

+2500

+2500

Creighton

+2500

+2500

+3000

+2500

+2500

+2500

+3000

Baylor

+4000

+3000

+3500

+4000

+3300

+4000

+3500

Kansas

+3500

+4000

+2500

+4000

+4000

+5000

+3000

Alabama

+3000

+4000

+3500

+4000

+4000

+3000

+2500

Gonzaga

+6500

+6000

+6000

+7500

+6000

+6000

+5000

Florida

+5000

+7000

+8000

+8000

+6000

+8000

+7000

BYU

+7500

+7000

+5000

+6600

+6000

+7000

+5000

Saint Mary’s

+6500

+7000

+6600

+8000

+8000

+7000

+7000

Wisconsin

+10000

+8000

+10000

+7500

+8000

+12500

+6000

South Carolina

+10000

+8000

+8000

+10000

+10000

+10000

+7500

San Diego State

+7500

+8000

+6000

+7500

+8000

+15000

+7500

Michigan State

+7500

+9000

+6600

+7500

+6600

+10000

+5000

Texas Tech

+10000

+9000

+10000

+15000

+10000

+12500

+8000

*Remaining Teams all 10-1 or greater

March Madness Favorites

1. Connecticut Huskies

Team

FanDuel

DraftKings

BetMGM

ESPN BET

bet365

Caesars

PointsBet

Connecticut

+450

+475

+450

+450

+475

+450

+450

The Connecticut Huskies are odds-on favorites to cut down the nets across the board.

  • Initially 14-1 to defend their title, the reigning champs went 28-3 in the regular season and amassed 11 Quadrant I wins to run away with the Big East title
  • Pomeroy Rating: No. 2 in the country.
  • +475: DraftKings | bet365
  • +450: FanDuel | BetMGM | ESPN Bet | Caesars | PointsBet

A $100 futures odds wager at +475 odds would yield $475 in profit (total return $575) if UConn wins the NCAA basketball title, while a $100 wager at +450 would return $450 (total return $550). DraftKings and bet365 yield the best rates of return on another Huskies title run.

2. Houston Cougars

Team

FanDuel

DraftKings

BetMGM

ESPN BET

bet365

Caesars

PointsBet

Houston

+600

+600

+600

+600

+650

+550

+650

The Houston Cougars own the second-shortest March Madness odds. 

  • Kelvin Sampson’s troops opened 22-1 choices to win the 2024 NCAA Tournament. Matching UConn’s 28-3 record, the Coogs cruised to the Big 12 regular season title by winning 15 of 18 games and registering a nation-best 14 Quad I wins.
  • Pomeroy Rating: No. 1 in the country.
  • +650: bet365 | PointsBet
  • +600: FanDuel | DraftKings | BetMGM | ESPN Bet
  • +550: Caesars

A $100 bet on the Cougars to win the national championship would yield $650 in profit (total return $750), while a $100 wager at +550 would only return $550 (total return $650). PointsBet and bet365 would be the March Madness sportsbooks to target for a futures bet on Houston.

3. Purdue Boilermakers

Team

FanDuel

DraftKings

BetMGM

ESPN BET

bet365

Caesars

PointsBet

Purdue

+800

+750

+700

+700

+750

+650

+750

Zach Edey and the Purdue Boilermakers own the third-shortest odds to win it all

  • Originally 21-1 to win the title, the Boilers logged 12 Quad I wins and ran away with the B1G title by winning 17 of 20 games to finish the year with the same 28-3 record as UConn and Houston.
  • Pomeroy Rating: No. 3
  • +800: FanDuel
  • +750: DraftKings | bet365 | PointsBet
  • +700: BetMGM | ESPNBet
  • +650: Caesars

A $100 wager on the Boilermakers to win the NCAA Tournament would bring back $800 in profit (total return $900) per the current March Madness odds, while a $100 bet at +650 would yield $650 (total return $750). If Purdue is the favorite you fancy, FanDuel would be the sportsbook to invest in the Boilers at. 

March Madness Bonuses

As popular as March Madness is, sportsbooks have still provided a number of bonuses for the NCAA Championship Tournament. 

Interested users will be able to find daily Odds Boosts, Parlay Bonuses, Early Payout offers, and more. 

Using any bonus comes with a number of terms, conditions, and wagering requirements so be sure to read our reviews on each one prior to opting in.

Active March Madness Promotions

Deposit Bonus

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Parlay Bonus

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Bonus Bets

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Which Sportsbook is Best for March Madness?

When choosing a sportsbook for March Madness it is very important to base your decision on a number of variables. A good place to start is by reading real user reviews about the platform you are considering.

We have parsed thousands of real user reviews and have extracted the tone and sentiment of each one using AI. This way, we are able to fully understand whether that user was positive, negative or mixed on their review of the sportsbook.

Sportsbook User Reviews Comparison

Sort By:
FanDuel Sportsbook
Read Reviews
3873
Reviews
Updated Jun 21, 2024, 5:46 PM
42%
Positive
10%
Mixed
48%
Negative
FanDuel Sportsbook
FanDuel Bet $5 Get $200
AI
Reviews Analysis
DraftKings Sportsbook
Read Reviews
3814
Reviews
Updated Jun 21, 2024, 5:46 PM
37%
Positive
9%
Mixed
54%
Negative
DraftKings Sportsbook
DraftKings No Sweat First Bet Up To $1000
AI
Reviews Analysis
BetMGM Sportsbook
Read Reviews
3393
Reviews
Updated Jun 21, 2024, 5:46 PM
52%
Positive
8%
Mixed
40%
Negative
BetMGM Sportsbook
BetMGM Bet $5 Get $150 in Bonus Bets
AI
Reviews Analysis
ESPN Bet Sportsbook
Read Reviews
2545
Reviews
Updated Jun 21, 2024, 5:46 PM
72%
Positive
7%
Mixed
21%
Negative
ESPN Bet Sportsbook
ESPN BET Make Any Bet Get $100
AI
Reviews Analysis
Caesars Sportsbook
Read Reviews
1922
Reviews
Updated Jun 21, 2024, 5:46 PM
52%
Positive
9%
Mixed
39%
Negative
Caesars Sportsbook
Caesars: $1000 First Bet On Us
AI
Reviews Analysis
Bet365 Sportsbook
Read Reviews
705
Reviews
Updated Jun 21, 2024, 5:46 PM
38%
Positive
9%
Mixed
53%
Negative
Bet365 Sportsbook
Bet365 First Bet Safety Net Up To $1000
AI
Reviews Analysis
Tipico Sportsbook
Read Reviews
694
Reviews
Updated Jun 21, 2024, 5:46 PM
70%
Positive
11%
Mixed
19%
Negative
Tipico Sportsbook
Tipico Bet $50 Get $150 in Bonus Bets
AI
Reviews Analysis
Hard Rock Bet Sportsbook
Read Reviews
582
Reviews
Updated Jun 21, 2024, 5:46 PM
62%
Positive
9%
Mixed
29%
Negative
Hard Rock Bet Sportsbook
Hard Rock Bet No Regret First Bet Up to $100
AI
Reviews Analysis
BetRivers Sportsbook
Read Reviews
552
Reviews
Updated Jun 21, 2024, 5:46 PM
26%
Positive
7%
Mixed
67%
Negative
BetRivers Sportsbook
BetRivers NJ 2nd Chance Up To $250
Code:
SPORTS
AI
Reviews Analysis
betPARX Sportsbook
Read Reviews
422
Reviews
Updated Jun 21, 2024, 5:46 PM
48%
Positive
11%
Mixed
41%
Negative
betPARX Sportsbook
betPARX: Bet $10 Get $125
AI
Reviews Analysis
PointsBet Sportsbook
Read Reviews
347
Reviews
Updated Jun 21, 2024, 5:46 PM
25%
Positive
6%
Mixed
69%
Negative
PointsBet Sportsbook
PointsBet Daily Boosted Odds
AI
Reviews Analysis
Unibet Sportsbook
Read Reviews
200
Reviews
Updated Jun 21, 2024, 5:46 PM
11%
Positive
8%
Mixed
81%
Negative
Unibet Sportsbook
Unibet 2nd Chance Bet Up To $50
AI
Reviews Analysis
Betway Sportsbook
Read Reviews
171
Reviews
Updated Jun 21, 2024, 5:46 PM
43%
Positive
7%
Mixed
50%
Negative
Betway Sportsbook
AI
Reviews Analysis
Fanatics Sportsbook
Read Reviews
147
Reviews
Updated Jun 21, 2024, 5:46 PM
60%
Positive
5%
Mixed
35%
Negative
Fanatics Sportsbook
Fanatics $200 in Bonus Bets up to $1000
AI
Reviews Analysis
Bally Bet Sportsbook
Read Reviews
74
Reviews
Updated Jun 21, 2024, 5:46 PM
8%
Positive
10%
Mixed
82%
Negative
Bally Bet Sportsbook
BallyBet Welcome Bonus: $150 in Bonus Bets
AI
Reviews Analysis
Golden Nugget Sportsbook
Read Reviews
58
Reviews
Updated Jun 21, 2024, 5:46 PM
17%
Positive
17%
Mixed
66%
Negative
Golden Nugget Sportsbook
Golden Nugget Next Bet On Us Up To $250
AI
Reviews Analysis
SI Sportsbook
Read Reviews
40
Reviews
Updated Jun 21, 2024, 5:46 PM
30%
Positive
10%
Mixed
60%
Negative
SI Sportsbook
AI
Reviews Analysis
ClutchBet Sportsbook
Read Reviews
26
Reviews
Updated Jun 21, 2024, 5:46 PM
42%
Positive
4%
Mixed
54%
Negative
ClutchBet Sportsbook
ClutchBet Welcome Bonus: Up to $250 in Bonus Bets
AI
Reviews Analysis
Betfred Sportsbook
Read Reviews
17
Reviews
Updated Jun 21, 2024, 5:46 PM
41%
Positive
18%
Mixed
41%
Negative
Betfred Sportsbook
Betfred 2nd Chance Bet up to $105
AI
Reviews Analysis
SuperBook Sportsbook
Read Reviews
6
Reviews
Updated Jun 21, 2024, 5:46 PM
13%
Positive
37%
Mixed
50%
Negative
SuperBook Sportsbook
SuperBook $250 Every First Bet Wins Bonus Review
AI
Reviews Analysis
Borgata Sportsbook
Read Reviews
4
Reviews
Updated Jun 21, 2024, 5:46 PM
11%
Positive
22%
Mixed
67%
Negative
Borgata Sportsbook
AI
Reviews Analysis
Betsafe Sportsbook
Read Reviews
4
Reviews
Updated Jun 21, 2024, 5:46 PM
50%
Positive
0%
Mixed
50%
Negative
Betsafe Sportsbook
BetSafe $500 in Bonus Bets
AI
Reviews Analysis
Circa Sports Sportsbook
Read Reviews
Reviews
Updated Jun 21, 2024, 5:46 PM
0%
Positive
0%
Mixed
100%
Negative
Circa Sports Sportsbook
AI
Reviews Analysis

Which Sportsbook Offers Better Responsible Gambling Tools?

Implementing  responsible gambling practices during the March Madness tournament is imperative if you plan on making multiple wagers this year. Each of the sportsbooks in this comparison offer numerous tools and resources to assist users in gambling responsibly so please take advantage of them.

Responsible Gambling Tools

  1. Self-Exclusion: Users have the option to voluntarily exclude themselves from the platform for a specific duration.
  2. Deposit Limits: Users can establish restrictions on the amount of money deposited within a designated time period.
  3. Time Limits: Limits can be set to control the duration of time spent on the platform.
  4. Wager Limits: Users have the ability to place limits on the amount of money wagered over a specific period.
  5. Cool-Off Period: Individuals can take a brief break from placing bets on the platform.
  6. Educational Resources: Access to informative materials and resources is available to promote responsible gambling practices.

These Sportsbooks must place a priority on the well-being of their users according to state regulations, creating a safer gambling environment. 

Conclusion

This comparison has provided a comprehensive analysis of the March Madness futures odds offered prior to the tournament, insights into the available betting lines, bonuses, user reviews, and responsible gambling tools. By exploring these aspects, bettors can make more informed decisions and enjoy a more responsible NCAA Tournament experience.

  • March Madness Odds: The top teams with the highest chances of winning are the Connecticut Huskies, Houston Cougars, and Purdue Boilermakers, with odds that can vary based on factors like betting volume and market demand.
  • March Madness Bonuses: Sportsbooks offer attractive promotions, such as welcome bonuses, odds boosts, bet tokens, and unique bet offers. New account holders benefit from welcome bonuses, while odds and profit boosts enhance profitability for all types of bets.
  • User Reviews: These are valuable for bettors to gain insights into betting experiences at all the different sportsbooks. They will help prospective bettors make better informed choices for the upcoming March Madness season.
  • Responsible Gambling: During the NCAA Tournament, responsible gambling should be a top priority. Sportsbooks offer various tools and resources to promote it. These measures demonstrate a dedication to user well-being and adherence to industry standards.

The hope is this analysis has offered beneficial perspectives to assist you in making an informed choice when selecting the sportsbook that aligns best with your preferred betting style for March Madness 2024.

March Madness Odds Comparison FAQs

General
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Are the sportsbooks mentioned in this article legal in the United States?
Betting Odds
Why should I compare odds at multiple sportsbooks?
Which teams currently have the best chances of winning the NCAA Tournament?
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Meet Our Authors

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

 ExperienceYear
Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG

 

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Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.

 

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief

Sol Fayerman Hansen is the Editor-in-Chief at RG.org. With over two decades of experience in sports journalism and iGaming content, Sol finds working with RG.org a refreshing experience focused on transparency and responsible, informed sports gambling. 

No, that bonus won't make you rich; it might lead to a gambling addiction even faster.

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Sol is the creator of the world's largest book on digital art, a work collected by Harvard University libraries for its historic significance. He also served as the head of innovation at the Bank of Montreal, specializing in advanced technologies.

Personal Passion

Writing is Sol's daily practice and his art. He loves enriching readers with every story, reflecting his commitment to helping people through his work.

Interests

An avid sports lover, technology enthusiast, and a dedicated collector of both digital and physical art, Sol is habitually curious and a serial experimenter who loves to test new things…it's the only way to learn.

Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambling team.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Mike made the decision to dive headfirst into the booming world of sports betting fresh out of college. Back in the day, when 1-800 pick lines and sports pagers were all the rage, he couldn't resist the allure, having grown up idolizing sports legends like Sweetness, MJ, and Slammin Sammy. Mike dedicated his early years to the industry, tirelessly analyzing games, writing articles with free picks, and selling his expertise on reputable handicapping sites. Unlike many others, Mike was known for his integrity and only released one Game of the Year per sport, per season. His hard work and unwavering commitment paid off, earning him a devoted following and propelling his career to new heights. Then came the explosion of Daily Fantasy Sports. Believe it or not, companies like DraftKings and FanDuel used to pay Mike's company to increase their brand exposure. Now, those same industry giants don't even bother responding to his emails. While Mike appreciates the convenience of being able to place legal bets in his own backyard, he can't help but feel disheartened by what has become of the industry. People are being led astray, falsely believing that a mere $5 wager on a 20-team same-game-parlay will be their ticket to financial security. If there’s one thing Mike learned from making book back in the day, it’s that parlays are a bookie’s best friend. A bankroll is the only leg you have to stand on in the battle with the books, and Mike’s here to offer up advice on how to protect it.

Mark Medina
Mark Medina
NBA Reporter

Mark Medina is a longtime NBA reporter that includes stints as a Lakers blogger with The Los Angeles Times (2010-12), Lakers beat writer with the Los Angeles Daily News (2012-17), Warriors beat writer with Bay Area News Group (2017-19) as well as an NBA reporter/columnist for USA Today (2019-21) and NBA.com (2021-23). Medina is also an NBA insider with Fox Sports Radio and frequent contributor to CBSLA's SportsCentralLA with Jim Hill and with Spectrum Sportsnet.

Daria Tuboltseva
Daria Tuboltseva
Hockey Journalist

Daria went to St. Petersburg State University and earned a bachelor of international journalism. Working as a sports journalist from 2014, from 2016 as a hockey journalist. Covered 5 World Championships, 2022 Winter Olympics, 2020 World Juniors, 6 Gagarin Cup Finals. 

Owner of a telegram channel Coolest Game on Earth.

Integrative nutritionist specializing on sports nutritionology.

Paul M. Banks
Paul M. Banks
Sports Journalist

Paul M. Banks is a professional Content Creator whose career has seen bylines in numerous publications, including the New York Daily News, Chicago Tribune, USA Today, Yahoo, MSN, FOX Sports and Sports Illustrated.

Banks has made scores of guest appearances on live radio and television, featuring regularly on NTD News, WGN-TV, CCTV, ESPN Radio, the History Channel, SiriusXM and CBS Sports Radio.

He is the Founding Editor of The Sports Bank.net, which has been featured and linked in hundreds of leading media outlets all across the world.

He has also authored two books, one of which, "No, I Can’t Get You Free Tickets: Lessons Learned From a Life in Sports Media," became an assigned textbook in journalism courses at State University New York-Oneonta.

Nikhil Narain
Nikhil Narain
Cricket Journalist

Nikhil Narain is a die-hard cricket romantic, published author, and has worked for some of the leading digital websites and broadcasters in India and overseas. An alumnus of the London School of Economics, Nikhil's forte is using data and numbers creatively to weave interesting stories and revolutionize the way cricket statistics are generated and analyzed.