The cancellation of the 2020 NCAA men’s college basketball tournament affected a lot of people. The teams and players were denied an opportunity to showcase their talents while taking a run at the coveted title. Millions of fans who circle the month of March on their calendars were left with an empty void.
Then there was the financial impact. According to the NCAA, colleges lost out on about $375 million. This is a huge hit as most college athletic programs aren’t profitable. Contrary to popular belief, the average Division 1 School loses between $12.6 million and $14.4 million per year while Division II schools lose between $4.1 million and $5.1 million.
One industry that really took it on the chin was the gambling industry. The American Gaming Association recently estimated that March Madness generates about $8.5 billion in wagers every year. 47 million people, which equates to about one in five American adults, bet on NCAA basketball games.
Bookmakers hope that the 2021 tournament will proceed as planned. They have already been busy formulating their odds for the March 2021 extravaganza. Here is a look at the current odds as posted at DraftKings. They will be regularly updated as we lead up the 2021 NCAA men’s basketball tournament.
Current NCAA Tournament Win Odds:
| Team | Open | Current |
|---|---|---|
| Baylor Bears | +800 | +800 |
| Villanova Wildcats | +800 | +800 |
| Gonzaga Bulldogs | +900 | +900 |
| Iowa Hawkeyes | +900 | +900 |
| Virginia Cavaliers | +900 | +900 |
| Kansas Jayhawks | +1100 | +1100 |
| Wisconsin Badgers | +1200 | +1200 |
| Duke Blue Devils | +1400 | +1400 |
| Florida State Seminoles | +1500 | +1500 |
| Illinois Fighting Illini | +1500 | +1500 |
| Kentucky Wildcats | +1500 | +1500 |
| Michigan State Spartans | +1500 | +1500 |
| West Virginia Mountaineers | +2000 | +2000 |
| Creighton Bluejays | +2500 | +2500 |
| North Carolina Tar Heels | +2500 | +2500 |
| Florida Gators | +3000 | +3000 |
| Louisville Cardinals | +3000 | +3000 |
| Ohio State Buckeyes | +3000 | +3000 |
| Oregon Ducks | +3000 | +3000 |
| San Diego State Aztecs | +3000 | +3000 |
| UCLA Bruins | +3300 | +3300 |
| Arizona State Sun Devils | +3500 | +3500 |
| Richmond Spiders | +3500 | +3500 |
| Tennessee Volunteers | +3500 | +3500 |
| Texas Tech Red Raiders | +3500 | +3500 |
| Houston Cougars | +4000 | +4000 |
| Indiana Hoosiers | +4000 | +4000 |
| LSU Tigers | +4000 | +4000 |
| Michigan Wolverines | +4000 | +4000 |
| UConn Huskies | +4000 | +4000 |
| Maryland Terrapins | +5000 | +5000 |
| Stanford Cardinal | +5000 | +5000 |
| Texas Longhorns | +5000 | +5000 |
| Arizona Wildcats | +6000 | +6000 |
| USC Trojans | +6000 | +6000 |
| Alabama Crimson Tide | +8000 | +8000 |
| Arkansas Razorbacks | +8000 | +8000 |
| Purdue Boilermakers | +8000 | +8000 |
| Auburn Tigers | +10000 | +10000 |
| Butler Bulldogs | +10000 | +10000 |
| BYU Cougars | +10000 | +10000 |
| Cincinnati Bearcats | +10000 | +10000 |
| Clemson Tigers | +10000 | +10000 |
| Colorado Buffaloes | +10000 | +10000 |
| Dayton Flyers | +10000 | +10000 |
| Georgia Tech Yellow Jackets | +10000 | +10000 |
| Marquette Golden Eagles | +10000 | +10000 |
| Memphis Tigers | +10000 | +10000 |
| Miami Hurricanes | +10000 | +10000 |
| Minnesota Golden Gophers | +10000 | +10000 |
| Mississippi State Bulldogs | +10000 | +10000 |
| Nevada Wolf Pack | +10000 | +10000 |
| Northern Iowa Panthers | +10000 | +10000 |
| Notre Dame Fighting Irish | +10000 | +10000 |
| Oklahoma Sooners | +10000 | +10000 |
| Penn State Nittany Lions | +10000 | +10000 |
| Pittsburgh Panthers | +10000 | +10000 |
| Providence Friars | +10000 | +10000 |
| Rhode Island Rams | +10000 | +10000 |
| Saint Louis Billikens | +10000 | +10000 |
| Saint Mary’s Gaels | +10000 | +10000 |
| South Carolina Gamecocks | +10000 | +10000 |
| Syracuse Orange | +10000 | +10000 |
| Temple Owls | +10000 | +10000 |
| UNLV Rebels | +10000 | +10000 |
| Utah Utes | +10000 | +10000 |
| Utah State Aggies | +10000 | +10000 |
| VCU Rams | +10000 | +10000 |
| Virginia Tech Hokies | +10000 | +10000 |
| Washington Huskies | +10000 | +10000 |
| Wichita State Shockers | +10000 | +10000 |
| Xavier Musketeers | +10000 | +10000 |
| Belmont Bruins | +30000 | +30000 |
| Boise State Broncos | +30000 | +30000 |
| Davidson Wildcats | +30000 | +30000 |
| DePaul Blue Demons | +30000 | +30000 |
| Georgetown Hoyas | +30000 | +30000 |
| Georgia Bulldogs | +30000 | +30000 |
| Iowa State Cyclones | +30000 | +30000 |
| Loyola Chicago Ramblers | +30000 | +30000 |
| NC State Wolfpack | +30000 | +30000 |
| Ole Miss Rebels | +30000 | +30000 |
| St. John’s Red Storm | +30000 | +30000 |
| TCU Horned Frogs | +30000 | +30000 |
| UMass Minutemen | +30000 | +30000 |
| Wake Forest Demon Deacons | +30000 | +30000 |
| Boston College Eagles | +50000 | +50000 |
| Howard Bison | +50000 | +50000 |
| Kansas State Wildcats | +50000 | +50000 |
| Nebraska Cornhuskers | +50000 | +50000 |
| Northwestern Wildcats | +50000 | +50000 |
| Texas A&M Aggies | +50000 | +50000 |
| Vanderbilt Commodores | +50000 | +50000 |
Trending Up:
- Villanova opened at +2800. Now +800
- Baylor opened at +1200. Now +800
- Iowa opened at +5000. Now +900
- Wisconsin opened at +2500. Now +1200
- Illinois opened at +5000. Now +1500
Trending Down:
- Creighton opened at +1400. Now +2500
- Florida opened at +2500. Now +3000
- Kentucky opened at +1200. Now +1500
- Louisville opened at +2500. Now +3000
- Texas Tech opened at +2800. Now +3500
Odds To Make Final Four
| Team | Open | Current |
|---|---|---|
| Baylor Bears | +125 | +125 |
| Villanova Wildcats | +125 | +125 |
| Gonzaga Bulldogs | +150 | +150 |
| Iowa Hawkeyes | +150 | +150 |
| Virginia Cavaliers | +150 | +150 |
| Kansas Jayhawks | +200 | +200 |
| Wisconsin Badgers | +225 | +225 |
| Duke Blue Devils | +275 | +275 |
| Florida State Seminoles | +300 | +300 |
| Illinois Fighting Illini | +300 | +300 |
| Kentucky Wildcats | +300 | +300 |
| Michigan State Spartans | +300 | +300 |
| West Virginia Mountaineers | +400 | +400 |
| Creighton Bluejays | +500 | +500 |
| San Diego State Aztecs | +525 | +525 |
| North Carolina Tar Heels | +550 | +550 |
| Florida Gators | +650 | +650 |
| Louisville Cardinals | +650 | +650 |
| Ohio State Buckeyes | +650 | +650 |
| Oregon Ducks | +650 | +650 |
| UCLA Bruins | +650 | +650 |
| Tennessee Volunteers | +800 | +800 |
| Texas Tech Red Raiders | +800 | +800 |
| Richmond Spiders | +800 | +800 |
| Arizona State Sun Devils | +900 | +900 |
| Arizona Wildcats | +900 | +900 |
| UConn Huskies | +900 | +900 |
| Houston Cougars | +900 | +900 |
| Indiana Hoosiers | +900 | +900 |
| LSU Tigers | +900 | +900 |
| Michigan Wolverines | +900 | +900 |
| Maryland Terrapins | +1150 | +1150 |
| Memphis Tigers | +1150 | +1150 |
| Stanford Cardinal | +1150 | +1150 |
| Texas Longhorns | +1150 | +1150 |
| USC Trojans | +1400 | +1400 |
| Arkansas Razorbacks | +1900 | +1900 |
| Purdue Boilermakers | +1900 | +1900 |
| Alabama Crimson Tide | +2150 | +2150 |
| Auburn Tigers | +2400 | +2400 |
| Butler Bulldogs | +2400 | +2400 |
| BYU Cougars | +2400 | +2400 |
| Colorado Buffaloes | +2400 | +2400 |
| Dayton Flyers | +2400 | +2400 |
| Georgia Tech Yellow Jackets | +2400 | +2400 |
| Marquette Golden Eagles | +2400 | +2400 |
| Minnesota Golden Gophers | +2400 | +2400 |
| Northern Iowa Panthers | +2400 | +2400 |
| Notre Dame Fighting Irish | +2400 | +2400 |
| Oklahoma Sooners | +2400 | +2400 |
| Penn State Nittany Lions | +2400 | +2400 |
| Providence Friars | +2400 | +2400 |
| Rhode Island Rams | +2400 | +2400 |
| Saint Louis Billikens | +2400 | +2400 |
| South Carolina Gamecocks | +2400 | +2400 |
| Syracuse Orange | +2400 | +2400 |
| Wichita State Shockers | +2400 | +2400 |
| Miami Hurricanes | +2400 | +2400 |
| Belmont Bruins | +3400 | +3400 |
| Boise State Broncos | +3400 | +3400 |
| Cincinnati Bearcats | +3400 | +3400 |
| Clemson Tigers | +3400 | +3400 |
| Mississippi State Bulldogs | +3400 | +3400 |
| Nevada Wolf Pack | +3400 | +3400 |
| Pittsburgh Panthers | +3400 | +3400 |
| Saint Mary’s Gaels | +3400 | +3400 |
| Temple Owls | +3400 | +3400 |
| UNLV Rebels | +3400 | +3400 |
| Utah Utes | +3400 | +3400 |
| Utah State Aggies | +3400 | +3400 |
| VCU Rams | +3400 | +3400 |
| Virginia Tech Hokies | +3400 | +3400 |
| Wake Forest Demon Deacons | +3400 | +3400 |
| Washington Huskies | +3400 | +3400 |
| Xavier Musketeers | +3400 | +3400 |
| Davidson Wildcats | +7400 | +7400 |
| DePaul Blue Demons | +7400 | +7400 |
| Georgetown Hoyas | +7400 | +7400 |
| Georgia Bulldogs | +7400 | +7400 |
| Iowa State Cyclones | +7400 | +7400 |
| Loyola Chicago Ramblers | +7400 | +7400 |
| NC State Wolfpack | +7400 | +7400 |
| Ole Miss Rebels | +7400 | +7400 |
| St. John’s Red Storm | +7400 | +7400 |
| UMass Minutemen | +7400 | +7400 |
| Boston College Eagles | +12400 | +12400 |
| Kansas State Wildcats | +12400 | +12400 |
| Nebraska Cornhuskers | +12400 | +12400 |
| Northwestern Wildcats | +12400 | +12400 |
| Texas A&M Aggies | +12400 | +12400 |
| Vanderbilt Commodores | +12400 | +12400 |
| Howard Bison | +15000 | +15000 |
