And then there were 16.
We didn’t lose too many favorites… until Florida was stunned by Iowa in Sunday’s second round. So, the defending national champions are out, knocking out one of the pre-tournament favorites.
How have the first two rounds affected the championship odds of the teams remaining? Nebraska is the team whose odds have improved the most since March Madness tipped off. The Cornhuskers went from from +20000 to win the the national title to +4000 after wins over Troy and Vanderbilt. Nebraska’s win over Troy was the program’s first NCAA Tournament win in its history.
Here’s a look at the updated championship odds for the 16 teams remaining:
Who is the favorite to win March Madness? Updated betting odds for NCAA championship winner
Odds provided by BetMGM as of 9 a.m., Monday, March 23
The dark horses
- Alabama (+10000)
- Tennessee (+6600)
- Nebraska (+4000)
- Arkansas (+4000)
The Contenders
- St. John’s (+3000)
- Michigan State (+3000)
- UConn (+3000)
- Illinois (+1800)
- Iowa State (+1400)
- Purdue (+1200)
The favorites
- Duke (+450)
- Arizona (+325)
- Michigan (+300)
Sweet 16 predictions: How will advance to Elite 8?
∎ USA TODAY Sports staff made their picks. Check them out here.
∎ How’d we do in our original predictions? We grade our selections.
Who will advance to Final Four?
Some of us have revised our Final Four predictions after Florida’s loss to Iowa busted our brackets.



