2021 Men’s Basketball NCAA Tournament Betting Odds & Preview

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: Updated 1/20/21

Trending Up:

• Michigan Up from +4000 to +900
• Texas Up from +5000 to +1100
• Houston Up from +4000 to +1500

Trending Down:

• Florida down from +3000 to +9000
• Duke down from +1400 to +4000
• Virginia down from +900 to +2500

Odds To Make Final Four: Updated 1/20/21