March Madness Odds: Track The Favorites to Win The 2026 NCAA Tournament
By Chris Wright
Last Updated:
- Track the latest March Madness odds throughout the 2025-26 college basketball season
- Arizona, Michigan, UConn and Illinois make up this year’s Final Four
- Michigan is the favorite to cut down the nets at Kalshi
Florida rallied to beat Houston 65-63 and win the 2025 NCAA Tournament.
Who will be the king of March Madness in 2026? On this page, you’ll find the live odds to win the 2026 NCAA Tournament.
Updated Odds to Win March Madness
Kalshi didn’t wait long to reveal odds on the 2026 March Madness.
Purdue opened the season as the betting favorite, but fell to Arizona in the Elite Eight this year. Now Michigan and Arizona are vying for the top spot ahead of the national semifinals.
Here are the updated odds to win the 2026 NCAA Tournament via Kalshi on April 2, 2026, ahead of the Final Four:
Arizona National Championship Odds
Arizona started 23-0 before suffering its first loss — at Kansas.
But the Wildcats have looked dominant down the stretch and now have a 34% chance to cut down the nets in Indianapolis, per Kalshi.
Michigan National Championship Odds
Michigan has been a steamroller all year. The Wolverines cruised to the Big Ten regular-season title, but fell to Purdue in the title game of the Big Ten Tournament.
Now, the Wolverines are the favorites to win it all in Indianapolis, sporting a 35% chance to win the title at Kalshi, edging out Arizona.
UConn National Championship Odds
Dan Hurley’s UConn Huskies won the NCAA Tournament in 2023 and 2024. They came up short in 2025, losing to eventual champion Florida in the second round.
UConn retooled for another run in 2025-26 and has made another Final Four run. The Huskies have a 14% chance to win it all, per Kalshi.
Illinois National Championship Odds
Illinois is the lowest seed remaining, but with the Illini entering the tournament as a 3-seed, they’re far from a traditional underdog. Brad Underwood’s squad plays one of the most-exciting brands of basketball in the country.
Playing only a couple of hours away from home in Indianapolis, expect Saturday’s crowd to be very pro-Illini.
Illinois has an 18% chance to win the national championship, per Kalshi.
What Happened to Previous Teams Trying to 3-peat?
Since UCLA’s dynasty ended in the mid-1970s, just 3 teams, including UConn, have won back-to-back national championships. The previous three — Florida, Duke and now UConn — came up short in Year 3. Here’s a quick recap:
1993 Duke: The Blue Devils won the NCAA Tournament in 1991 and 1992 behind Christian Laettner and Bobby Hurley. Laettner graduated after the 1992 title, leaving Hurley and Grant Hill to lead the way in 1993. The 1991 and 1992 national champs only lost 9 games combined in those 2 seasons. The 1993 Blue Devils lost 8 games. They earned a No. 3 seed in the NCAA Tournament but lost their second-round game 82-77 to a Cal team led by future NBA All-Star Jason Kidd.
2008 Florida: The Gators won the NCAA Tournament in 2006 and 2007 on the strength of always-entertaining Joakim Noah and a cast of talented teammates that included future NBA players Al Horford and Corey Brewer, among others. The 2007 Gators featured 6 players who made it to the NBA. Noah and Horford left after repeating as national champs, leaving a younger and new nucleus to lead the way in 2008. The Gators started the season ranked No. 25 and fell out after the opening week. Florida struggled to a 24-12 finish and didn’t even make the NCAA Tournament.
2025 UConn: The Huskies rebuilt almost their entire starting five but still were a force entering March Madness. They led No. 1 seed Florida early in their second round matchup but fell late, 77-75.
Where Can You Bet on the March Madness Odds?
Check out Kalshi to find the latest predictions and probabilities for the men’s and women’s Final Fours. Use Kalshi promo code SDS when you sign up today to earn an exclusive $10 bonus:
Managing Editor
A 30-time APSE award-winning editor with previous stints at the Miami Herald, The Indianapolis Star and News & Observer, Executive Editor Chris Wright oversees editorial operations for Saturday Down South.
