College Basketball Odds

GamingToday.com is an independent sports news and information service. GamingToday.com has partnerships with some of the top legal and licensed sportsbook companies in the US. When you claim a bonus offer or promotion through a link on this site, Gaming Today may receive referral compensation from the sportsbook company. Although the relationships we have with sportsbook companies may influence the order in which we place companies on the site, all reviews, recommendations, and opinions are wholly our own. They are the recommendations from our authors and contributors who are avid sports fans themselves.

For more information, please read How We Rank Sportsbooks, Privacy Policy, or Contact Us with any concerns you may have.

Gaming Today is licensed and regulated to operate in CO, IN, MI, NJ, PA, TN, and VA.

No collegiate basketball season has matched the anticipation that came with the 2020-21 campaign, especially after last year’s NCAA Tournament was so abruptly “pandemic-canceled.”

It was the first time since the NCAAs started in 1939 that the tourney did not happen. However, renewed interest in NCAA hoops and the college basketball lines have been further fueled by the spread of legal sports betting across the country.

The NCAA basketball odds are more available than ever, with an unparalleled amount of available options and menus, fueling interest in the game.

Live Basketball Game Odds for March Madness

Bet TypeSpreads
There are no game odds for your selected bet type.
There are no game odds for your selected bet type.
There are no game odds for your selected bet type.

Current NCAA Basketball Betting Odds

Interest in the game’s blueblood programs will always reign supreme, and these include UCLA (11 national titles), Kentucky (eight crowns), North Carolina (six), and Duke (five). 

To some subjective degree, Indiana (five), Connecticut (four), Kansas (three) are in there, too. Lately, Virginia and Villanova, which won three of the four championships before the NCAA Tournament resumed in 2021, have also busted into that group.

All throughout the 2020-21 season, Gonzaga was a favorite to win it all. It went to the NCAA Tournament for a 22nd consecutive campaign, but it has advanced to only one Final Four (in 2017), where it lost to North Carolina in the title game.

They are starting to team up with sportsbooks. In a ground-breaking partnership, PointsBet struck a five-year deal with the University of Colorado in September 2020. Terms weren’t disclosed, but it is more than a pact for the book to advertise at Buffaloes games.

Since 2017, William Hill has provided advertising at UNLV and Nevada football and basketball games.

Best Sportsbooks For College Basketball Betting

There is a wide smorgasbord of NCAA basketball betting lines at online sportsbooks, and customers’ favorites depend upon what they are seeking and where they are located.

For instance, FanDuel provides odds on teams to qualify for the Final Four, and many books post conference-tournament numbers.

FanDuel and DraftKings are in 10 jurisdictions, BetMGM is in nine, William Hill eight, and BetRivers seven. That does not include any news that has transpired overnight or over the past few days in an industry that moving that quickly.

Odds can vary, so it is always wise to shop. A glance at Ohio State, to win it all, shows that variation. The Buckeyes are +1800 to win it all at FanDuel, +2200 at William Hill. For a $100 wager, that’s a $400 difference in the payout.

Incentives vary, too, as exemplified in a review of what some books offer for March Madness.

In Colorado, Indiana, Michigan, and Virginia, William Hill Sportsbook has a $2,021 risk-free bet incentive, while in Illinois it’s $300. BetMGM has an initial risk-free amount of $600 in its nine states, and BetRivers has incremental matches on $25, $50, $100, and $250 wagers.

NCAA Basketball Betting

There are several ways to dabble in the NCAA basketball point spreads, and we offer the below table to illustrate the most common way to make a wager.

SportsbookPoint SpreadMoneylineTotals
Team A-4 (-110)-190O 130 (-110)
Team B+4 (-110)+160U 130 (-110)

There are “side” bets, involving either taking or giving the points, or the game to finish Over or Under the designated total. Both have a -110 price; for example, a patron must risk $110 to win $100. That added 10% is the vigorish, or “vig,” the book’s charge for taking the bet.

In our example, Team A (-4) must win by at least five points or B (+4) must lose by no more than three points for wagers on either to pay off. If A wins by four, it’s a push for either side and both get their money back.

Regarding the 130 total, if both teams combine for 131 or more points, Over wagers win. If both tally 129 or fewer points, Under bettors cash their tickets. If both scores tally 130, it’s a push and both sides get their money back.

The moneyline means a bettor is taking either team to win outright. In the favorite’s case, the return percentage will be less because it doesn’t have to win by 4 points. At -190, it would cost $190 to win $100 if A just wins the game.

If someone thinks the 4-point underdog can win the game outright, the return will be greater because he or she is not taking that cushion. If B wins outright, a $100 wager will return $260—the principle and the $160 winnings.

Off those options, there are parlays. If a patron like Team A minus the point and the game to go “over,” they can be combined in such a parlay. Both must win, and the return is about 3.6 times the wager; a $10 bet will return about $36. Again, the vigorish does not factor into this bet, only a singular side wager.

NCAA Women’s Basketball Odds

Several sites book women’s NCAA basketball games but to access those companies a customer must be in a certain state, like New Jersey for 888. Bovada and Sports Interaction are two other books that take such wagers.

The women are more deliberate, but it is an entertaining game that is divided into four 10-minute quarters. It moves along, too, because there is only one TV timeout, at the first dead ball after the halfway point of each quarter.

The top programs include Connecticut (has won six of the past 11 titles) and Baylor (two), and Texas A&M, South Carolina, and Notre Dame, with one apiece. A different champ has been crowned in each of the previous four tourneys, so it is becoming a more wide-open field.

NCAA Basketball Futures

Anyone bullish in the summertime, say, about a team’s chances to win it all, or at least reach the Final Four months down the road, can wager on that program long before the NCAA Tournament is staged.

Favorable March Madness odds can be had when taking such an early position. Many oddsmakers at sportsbooks establish these early odds for just that reason, to satisfy the public’s growing thirst and hunger to partake in the action.

A $100 wager on Team A to win it all, at +2000 (or 20-to-1 odds), would return $2,100 (the $100 principle plus the $2,000 winnings). The vigorish does not affect futures wagers.

By the time the Madness begins, if it’s among the élite squads, those odds can be considerably lower and its holder’s grin promises to be wide since he or she will be holding a ticket with such favorable odds.

College Basketball Odds

Oddsmakers at each sportsbook are responsible for establishing the aforementioned point spreads, totals, futures odds, and all other numbers and figures related to college basketball betting.

They do so with a combination of experience, “feel”, power rankings, and insights from colleagues and other experts. Some also admit to implementing Ken Pomeroy’s vast databases in the foundation of their work, especially point spreads.

Therefore, it is wise for anyone partaking in college basketball betting to subscribe to the services provided by Pomeroy, known as KenPom, for its $20 annual fee.

Injuries, coaching changes, and strings of victories and defeats will all alter a team’s odds as the season unfolds.

Limitations On College Basketball Betting

Rules and restrictions govern the fast-changing industry. The minimum age requirement is 21 in every legalized jurisdiction except Montana, New Hampshire, Rhode Island, and Washington, DC, where anyone 18 and older can make a wager. 

In Iowa and Tennessee, collegiate-basketball player propositions are illegal. In Illinois, New Jersey, New York, Virginia, and Washington, DC, betting on collegiate teams within their borders is prohibited.

In DC and Jersey, furthermore, collegiate events within those jurisdictions are off-limits. Oregon bars all wagering on college sports.

Those interested in making online NCAA basketball wagers should research the specific rules that govern his or her jurisdiction. 

FAQs—NCAA Basketball Betting And Odds

Is it legal to be on college basketball games online?

Yes. Colorado, Illinois, Indiana, Iowa, Michigan, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee, Virginia, West Virginia, and Washington, D.C., currently have some form of legalized mobile betting on college basketball.

Where can I find college basketball Vegas odds?

At VegasInsider.com, current figures are available for many casinos’ sportsbooks. You can also check out any of the mobile betting apps that are legal and live in Nevada.

Where can I find the best NCAA basketball picks?

Handicappers and experts can be found all over social media. There are some very wise voices on other platforms, like the Vegas Stats and Information Network (VSiN). Gaming Today offers some pretty sharp insights, too, in our NCAA picks.

Who sets NCAA basketball betting odds?

Oddsmakers concoct the odds for their respective sportsbooks, using their guile, experience, power ratings, and KenPom databases. Those figures move according to the market to limit the book’s exposure and liability.

Does DraftKings offer college basketball lines?

Yes, in states with legal online betting, DraftKings offers college basketball lines. Most of the industry-leading sports betting apps carry college basketball lines for most NCAA games. 

About the Author

Rob Miech

Veteran sportswriter Rob Miech covers soccer and does features for Gaming Today. He has written about college hoops for the Las Vegas Sun, CBS SportsLine and the Pasadena Star-News. He is the author of four books, including Sports Betting for Winners.

Get connected with us on Social Media