March Madness Odds: Houston, Purdue, Alabama Lead the Way

With the Super Bowl behind us, it’s time for sports fans to turn their attention to another massive event: the 2023 NCAA Men’s Basketball Tournament. With the tournament about a month away, let’s check in on 2023 March Madness odds and see how sportsbooks are viewing the Vols.

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2023 March Madness Odds

Here are the 10 teams with the shortest odds to win the 2023 College Basketball National Championship from BetMGM Sportsbook as of Feb. 14.

Updated College Basketball National Championship betting at @BetMGM

Line movement (Open to Current)
• Houston +2000 to +600
• Purdue +3000 to +800

Highest Ticket%
• Kansas 9.0%
• Purdue 7.4%
• Houston 5.8%

Highest Handle%
• Texas 15.8%
• Kansas 8.3%
• Purdue 6.8%

— John Ewing 🦁 (@johnewing) February 13, 2023

Houston opened the 2022-2023 season ranked third following an impressive 2022 March Madness run without two key players in Marcus Sasser and Tramon Mark. The Cougars then added forward Jarace Walker, a five-star recruit who has made an immediate impact.

Despite Purdue having the most Big Ten Conference Championships, that success hasn’t translated to the big dance. The Boilermakers haven’t been to the final since 1969 and have just one Elite Eight appearance in their last 10 tournaments. Led by Wooden Award favorite Zach Edey, however, Purdue has been ranked No. 1 in seven of the last 10 weeks.

After losing to Notre Dame in the first round of the tournament last season, SEC-foe Alabama has inserted itself as one of the favorites to cut down the net at the end of the season. The Crimson Tide find themselves first in both the AP Poll and frequently-cited rating percentage index (RPI).

Tennessee opened at +2500 on BetMGM back in April and is currently tied for the seventh-shortest odds to win the 2023 college basketball tournament. The Vols were ranked as high as No. 2 before back-to-back buzzer-beater losses dropped them to No. 10 in the most recent poll. It goes without saying the upcoming home game against Alabama will be incredibly important.

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2023 NCAA Men’s Tournament Info

When does March Madness start? The 2023 NCAA Men’s Tournament round of 64 officially starts on Thursday, March 16. Selection Sunday will be on Sunday, March 12 with the First Four games taking place on March 14 and 15.

When is the Sweet Sixteen? The NCAA tournament will be trimmed down to 16 teams with the games beginning on March 23.

When is the Elite Eight? The final eight teams will play on March 25 and 26.

When is the Final Four? Both final four games will be played on April 1 at NRG Stadium in Houston, Texas.

When is the NCAA National Championship game? The 2023 Men’s NCAA Final will be held on Monday, April 3 at NRG Stadium in Houston, Texas.

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Tennessee Volunteers 2023 Men’s Basketball Odds

In addition to wagering on a national championship victory, online sportsbooks have several other futures markets available for Vols bettors.

First, however, it’s worth noting that FanDuel Sportsbook has the best current price for a Vols’ NCAA Tournament win at +2500, with DraftKings at +2000 and Caesars at +1600.

Volunteers SEC Odds

Only two of the leading online sportsbooks have odds for a Volunteers’ SEC Championship win at the time of this writing:

• +5000 on DraftKings
• +3000 on Caesars

Alabama is the clear SEC favorite at -2500 with Texas A&M sandwiched between the Crimson Tide and Vols.

Volunteers Final Four Odds

Rather than placing your money on a tournament win, you can wager on whether or not you think Tennessee makes it to the Final Four.

• +550 on FanDuel
• +450 on DraftKings

Volunteers NCAA Tournament Seeding Odds

Although markets for March Madness seeding are slim, there will absolutely be more wagers as we get closer to the tournament. As of this writing, only FanDuel and BetRivers have any sort of tournament seed markets available.

• Fanduel: Tennessee Volunteers to be a 1 seed at +2500
• BetRivers: Over 2.5 (+135), Under 2.5 (-175)

Photo By Andrew Ferguson/Tennessee Athletics