College Basketball Odds

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Congratulations to the champions for the 2021-22 college basketball season, the Kansas Jayhawks (NCAAM) and South Carolina Gamecocks (NCAAW). But now that March Madness 2022 has ended, it is time to start planning for next season, and sportsbooks already have odds posted on who will win the NCAAM national championship in 2023.

As the offseason unfolds and the start of the 2022-23 season draws near, sportsbooks apps will likely post odds for the NCAAW national championship along with a host of other futures markets (i.e., conference winners, award winners, etc.)

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Latest College Basketball News And NCAA Basketball Odds 2023 Updates

  • Kansas opened as the favorite to win it all again next year at a couple of sportsbooks, but there is no consensus as to who the favorite is among major US sportsbooks. Check out our March Madness page for more.
  • March Madness finished with a classic Monday night as Kansas set a record for the biggest comeback in title game history. At the half, the Jayhawks were down, 40-25, but they were a different team in the second half and went on to win, 72-69.
  • South Carolina handed UConn its first loss in an NCAAW national title game, 64-49, Sunday night.

Current Odds To Win NCAA Basketball Championship 2023

As the end of the regular season draws near, there are a handful of teams that have separated from the rest on most odds boards. The following are the top five at DraftKings:

  • Houston +1000
  • Gonzaga +1000
  • North Carolina +1100
  • Kentucky +1200
  • Kansas +1200

Sports betting is fueling the rising popularity of college hoops, and athletic programs 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. A handful of other teams have since followed suit– Maryland (PointsBet), LSU (Caesars), Michigan State (Caesars), and University of Denver (SuperBook), and UNLV (DraftKings).

Best Sportsbooks For College Basketball Betting

If you are looking for NCAA basketball lines or NCAAB betting lines, you can find them at the following sportsbooks in the states listed:

NCAA Basketball Betting

Bettors have plenty of options available to them when it comes to NCAA basketball betting. The following are options bettors can choose from throughout the season:

  • Point Spread: NCAA basketball point spreads give bettors a chance to bet on the margin of victory for a game. For the underdog, the number will come with a ‘+’ and need to be added to the final score of the team. Spreads for the favorite is listed with a ‘-‘ and needs to be subtracted from that team’s final score.
  • Moneyline: Bets on the moneyline are for the winner with no spread involved. The number for underdogs indicates how much the wager will win if you bet $100. For the favorite, the number is how much you need to be in order to win $100.
  • Total: This number represents the projected total score of the game. Bettors will wager on whether the score will be over or under the given number.
  • Parlay: Rather than make several individual wagers, bettors can combine them into one bet called a parlay. Each induvial bet (called a ‘leg’) must be a winner for the parlay to payout. If one leg loses, you lose the parlay. However, since the risk is exponentially greater, but if you win, so is the payout.
  • Prop Bets: or proposition bets, are bets on whether something is going to occur during a game. For example, is Player A going to record more or less than eight rebounds? However, several states prohibit or have restrictions on prop bets for college games.
  • Futures: These are simply bets on whether something is going to occur in the future for a team, i.e., will a team make the Final Four, win their conference, or win the National Championship.

College Basketball Odds

NCAAB odds are often not set until the night before a game or sometimes the morning of. Futures odds, like for conference winners and March Madness, will often be set shortly after the previous season concluded and will change as sportsbooks sees fit.

Changes will often be in reaction to coaching changes, winning streaks, losing streaks, big wins/losses, injuries, etc.

When oddmakers post the betting line, it will include a point spread, moneyline, and total. They may change leading up to tip-off depending on how the public bets or if a key player gets ruled out for the game.

For last season’s national championship game between Baylor and Gonzaga, Caesars had the Bulldogs as 4.5-point favorites meaning all Baylor had to do was lose by less than 4.5 points for bets on the Bears to payout. Since Baylor did win, those who took the moneyline at Caesars (+175) won $175 for betting $100.

NCAA Women’s Basketball Odds

It does not get anywhere near the attention that the Men’s Tournament does, but some sportsbooks carry odds on the Women’s March Madness Tournament as well. Those that do not—do they not bother due to a lack of interest or is there a lack of interest because it simply has not been an option?

Who knows…

FanDuel is the only major sportsbook that has offered odds on games during the 2021-2022 season for women’s games. Most do carry odds for the Women’s Tournament, but there are a few that do not.

NCAA Basketball Futures

Bettors can place futures bets on their favorite NCAA teams throughout the year, the most popular of course being March Madness Odds (National Championship) and to make the Final Four. Sportsbooks will also carry odds on whether teams can win their respective conferences and conference tournaments.

March Madness odds will change throughout the season according to how well a team plays, injuries, and how the public bets along with several other factors.

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 New 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, it is legal to bet on college basketball in many of the states. But there are some that will have restrictions, i.e., no prop bets or bets on in-state teams.

Where can I find college basketball Vegas odds?

Bettors can find Vegas odds at various aggregator sites like VegasInsider.com for many sportsbooks; bettors can also check the mobile apps legal and operating in Nevada.

Where can I find the best NCAA basketball picks?

There is no shortage of people online that call themselves ‘experts’ regarding college basketball. Some, like the Vegas Stats and Information Network (VSiN) are more reputable than others. But the vast majority will want you to pay for their advice and there is no guarantee that they will be right.

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
Travis Pulver

Travis Pulver

Writer and Contributor
Travis Pulver is a Senior Writer for Gaming Today and a lifelong football fan, something he says comes naturally having been born in the football-crazy state of Texas. Through the years, his love of sports has extended into baseball, basketball, golf, and rugby. Life currently finds him in Indiana with his wife and two kids.

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