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
Team | Open | Current |
---|---|---|
Gonzaga Bulldogs | +900 | +350 |
Baylor Bears | +800 | +400 |
Villanova Wildcats | +800 | +700 |
Michigan Wolverines | +4000 | +900 |
Texas Longhorns | +5000 | +1100 |
Wisconsin Badgers | +1200 | +1300 |
Creighton Bluejays | +2500 | +1500 |
Houston Cougars | +4000 | +1500 |
Texas Tech Red Raiders | +3500 | +1500 |
Iowa Hawkeyes | +900 | +1700 |
Kansas Jayhawks | +1100 | +1700 |
Florida State Seminoles | +1500 | +2000 |
Illinois Fighting Illini | +1500 | +2000 |
Louisville Cardinals | +3000 | +2000 |
Tennessee Volunteers | +3500 | +2000 |
Oregon Ducks | +3000 | +2500 |
Virginia Cavaliers | +900 | +2500 |
Virginia Tech Hokies | +10000 | +2500 |
Clemson Tigers | +10000 | +3000 |
UConn Huskies | +4000 | +3000 |
LSU Tigers | +4000 | +3000 |
Michigan State Spartans | +1500 | +3000 |
Ohio State Buckeyes | +3000 | +3000 |
Saint Louis Billikens | +10000 | +3000 |
Utah State Aggies | +10000 | +3000 |
Duke Blue Devils | +1400 | +4000 |
Minnesota Golden Gophers | +10000 | +4000 |
Alabama Crimson Tide | +8000 | +5000 |
BYU Cougars | +10000 | +5000 |
Colorado Buffaloes | +10000 | +5000 |
Drake Bulldogs | NA | +5000 |
Missouri Tigers | NA | +5000 |
San Diego State Aztecs | +3000 | +5000 |
UCLA Bruins | +3300 | +5000 |
USC Trojans | +6000 | +5000 |
West Virginia Mountaineers | +2000 | +5000 |
Arizona State Sun Devils | +3500 | +5500 |
SMU Mustangs | NA | +5500 |
Northwestern Wildcats | +50000 | +6000 |
Xavier Musketeers | +10000 | +6000 |
Richmond Spiders | +3500 | +6000 |
Arkansas Razorbacks | +8000 | +7000 |
North Carolina Tar Heels | +2500 | +7500 |
Boise State Broncos | +30000 | +8000 |
Indiana Hoosiers | +4000 | +8000 |
Stanford Cardinal | +5000 | +8000 |
Utah Utes | +10000 | +8000 |
Florida Gators | +3000 | +9000 |
Kentucky Wildcats | +1500 | +10000 |
Marquette Golden Eagles | +10000 | +10000 |
Maryland Terrapins | +5000 | +10000 |
Oklahoma Sooners | +10000 | +10000 |
Purdue Boilermakers | +8000 | +10000 |
Butler Bulldogs | +10000 | +15000 |
Georgia Tech Yellow Jackets | +10000 | +15000 |
Loyola Chicago Ramblers | +30000 | +15000 |
Memphis Tigers | +10000 | +15000 |
Providence Friars | +10000 | +15000 |
Rhode Island Rams | +10000 | +15000 |
TCU Horned Frogs | +30000 | +15000 |
VCU Rams | +10000 | +15000 |
Miami Hurricanes | +10000 | +15000 |
Western Kentucky Hilltoppers | NA | +15000 |
Dayton Flyers | +10000 | +20000 |
Georgia Bulldogs | +30000 | +20000 |
Mississippi State Bulldogs | +10000 | +20000 |
Nevada Wolf Pack | +10000 | +20000 |
NC State Wolfpack | +30000 | +20000 |
Northern Iowa Panthers | +10000 | +20000 |
Notre Dame Fighting Irish | +10000 | +20000 |
Penn State Nittany Lions | +10000 | +20000 |
Pittsburgh Panthers | +10000 | +20000 |
Saint Mary’s Gaels | +10000 | +20000 |
South Carolina Gamecocks | +10000 | +20000 |
Syracuse Orange | +10000 | +20000 |
UNLV Rebels | +10000 | +20000 |
Wichita State Shockers | +10000 | +20000 |
Temple Owls | +10000 | +25000 |
Belmont Bruins | +30000 | +30000 |
Cincinnati Bearcats | +10000 | +30000 |
Davidson Wildcats | +30000 | +30000 |
DePaul Blue Demons | +30000 | +30000 |
Georgetown Hoyas | +30000 | +30000 |
Iowa State Cyclones | +30000 | +30000 |
Ole Miss Rebels | +30000 | +30000 |
St. John’s Red Storm | +30000 | +30000 |
UMass Minutemen | +30000 | +30000 |
Wake Forest Demon Deacons | +30000 | +30000 |
Boston College Eagles | +50000 | +50000 |
Kansas State Wildcats | +50000 | +50000 |
Nebraska Cornhuskers | +50000 | +50000 |
Texas A&M Aggies | +50000 | +50000 |
Vanderbilt Commodores | +50000 | +50000 |
Howard Bison | +50000 | +50000 |
Washington Huskies | +10000 | +100000 |
Arizona Wildcats | +6000 | NA |
Auburn Tigers | +10000 | NA |
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
Team | Open | Current |
---|---|---|
Gonzaga Bulldogs | +150 | -305 |
Baylor Bears | +125 | -250 |
Boise State Broncos | +3400 | +100 |
Villanova Wildcats | +125 | +100 |
Michigan Wolverines | +900 | +150 |
Texas Longhorns | +1150 | +200 |
Wisconsin Badgers | +225 | +250 |
Creighton Bluejays | +500 | +300 |
Houston Cougars | +900 | +300 |
Texas Tech Red Raiders | +800 | +300 |
Iowa Hawkeyes | +150 | +350 |
Kansas Jayhawks | +200 | +350 |
Utah State Aggies | +3400 | +350 |
Florida State Seminoles | +300 | +400 |
Illinois Fighting Illini | +300 | +400 |
Louisville Cardinals | +650 | +400 |
Tennessee Volunteers | +800 | +400 |
Oregon Ducks | +650 | +550 |
Virginia Cavaliers | +150 | +550 |
Virginia Tech Hokies | +3400 | +550 |
UConn Huskies | +900 | +650 |
LSU Tigers | +900 | +650 |
Michigan State Spartans | +300 | +650 |
Ohio State Buckeyes | +650 | +650 |
Saint Louis Billikens | +2400 | +650 |
Duke Blue Devils | +275 | +900 |
Minnesota Golden Gophers | +2400 | +900 |
Clemson Tigers | +3400 | +1050 |
Alabama Crimson Tide | +2150 | +1150 |
BYU Cougars | +2400 | +1150 |
Colorado Buffaloes | +2400 | +1150 |
Drake Bulldogs | NA | +1150 |
Missouri Tigers | NA | +1150 |
San Diego State Aztecs | +525 | +1150 |
UCLA Bruins | +650 | +1150 |
USC Trojans | +1400 | +1150 |
West Virginia Mountaineers | +400 | +1150 |
Richmond Spiders | +800 | +1150 |
Arizona State Sun Devils | +900 | +1300 |
SMU Mustangs | NA | +1300 |
Northwestern Wildcats | +12400 | +1400 |
Xavier Musketeers | +3400 | +1400 |
Arkansas Razorbacks | +1900 | +1650 |
Indiana Hoosiers | +900 | +1900 |
North Carolina Tar Heels | +550 | +1900 |
Marquette Golden Eagles | +2400 | +2000 |
Stanford Cardinal | +1150 | +2000 |
Utah Utes | +3400 | +2000 |
Florida Gators | +650 | +2150 |
Kentucky Wildcats | +300 | +2400 |
Maryland Terrapins | +1150 | +2400 |
Butler Bulldogs | +2400 | +2500 |
Oklahoma Sooners | +2400 | +2500 |
Providence Friars | +2400 | +2500 |
Purdue Boilermakers | +1900 | +2500 |
Syracuse Orange | +2400 | +2500 |
Belmont Bruins | +3400 | +3500 |
Saint Mary’s Gaels | +3400 | +3500 |
UNLV Rebels | +3400 | +3500 |
Rhode Island Rams | +2400 | +3650 |
Western Kentucky Hilltoppers | NA | +3650 |
Memphis Tigers | +1150 | +4900 |
Dayton Flyers | +2400 | +5000 |
Georgia Bulldogs | +7400 | +5000 |
Georgia Tech Yellow Jackets | +2400 | +5000 |
Loyola Chicago Ramblers | +7400 | +5000 |
Mississippi State Bulldogs | +3400 | +5000 |
Nevada Wolf Pack | +3400 | +5000 |
Northern Iowa Panthers | +2400 | +5000 |
Notre Dame Fighting Irish | +2400 | +5000 |
Penn State Nittany Lions | +2400 | +5000 |
Pittsburgh Panthers | +3400 | +5000 |
South Carolina Gamecocks | +2400 | +5000 |
VCU Rams | +3400 | +5000 |
Wake Forest Demon Deacons | +3400 | +5000 |
Wichita State Shockers | +2400 | +5000 |
Miami Hurricanes | +2400 | +5000 |
Cincinnati Bearcats | +3400 | +7500 |
Davidson Wildcats | +7400 | +7500 |
DePaul Blue Demons | +7400 | +7500 |
Georgetown Hoyas | +7400 | +7500 |
Iowa State Cyclones | +7400 | +7500 |
NC State Wolfpack | +7400 | +7500 |
Ole Miss Rebels | +7400 | +7500 |
St. John’s Red Storm | +7400 | +7500 |
Temple Owls | +3400 | +7500 |
UMass Minutemen | +7400 | +7500 |
Boston College Eagles | +12400 | +12500 |
Kansas State Wildcats | +12400 | +12500 |
Nebraska Cornhuskers | +12400 | +12500 |
Texas A&M Aggies | +12400 | +12500 |
Vanderbilt Commodores | +12400 | +12500 |
Howard Bison | +15000 | +15000 |
Washington Huskies | +3400 | +25000 |
Arizona Wildcats | +900 | NA |