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March Madness Odds: Track The Favorites to Win The 2027 NCAA Tournament

Ethan Stone

By Ethan Stone

Last Updated:

  • Track the latest March Madness odds throughout the 2026-27 college basketball season
  • Arizona, Michigan, UConn and Illinois made up last year’s Final Four
  • Michigan is the favorite to repeat as champions in 2027 according to Kalshi

The Michigan Wolverines defeated Dan Hurley and the UConn Huskies to win the 2026 NCAA Tournament after a thrilling season of college basketball. Now, teams look to reload for another shot at glory in 2027.

Who will be the king of March Madness in 2027? On this page, you’ll find the live odds to win the 2027 NCAA Tournament.

Updated Odds to Win March Madness

Kalshi didn’t wait long to reveal odds on the 2026-27 March Madness tournament.

As you can see below, Michigan is the favorite to repeat next season, with Duke not far behind and UConn in the rearview mirror. Of course, rosters building is not yet complete for most 2027 contenders, so keep an eye on these odds as they’re sure to fluctuate.

Here are the latest way-too-early odds to win the 2027 NCAA Tournament via Kalshi:

Prediction Markets
2027 College Basketball Champion
Learn more about Prediction Markets
Kalshi
Duke
13%
Florida
11%
Illinois
8%
Michigan
7%
Alabama
7%
UConn
6%
Tennessee
5%
St. John's
4%
Arizona
4%
Saint Mary's
0%

Michigan National Championship Odds

Dusty May is a rising star, having taken 2 teams to the Final Four across a 5-year span — and one of them was FAU of all programs.

Michigan breezed through the 2026 NCAA Tournament, capturing the school’s second national title in the process. And with a strong freshman class incoming and work being done in the transfer portal, it’s no surprise to see the Wolverines start out with the best odds to win in 2026-27. Tennessee transfer JP Estrella is already on board, let’s see who else May can get on the bandwagon.

UConn National Championship Odds

Dan Hurley and the UConn Huskies are contenders year in and year out. The best coach in college basketball just wins when the calendar flips to March, and there’s zero reason to believe the Huskies won’t be contenders in 2026-27.

UConn retooled for another run in 2025-26 and made another run at the national title, falling only to a stacked Michigan roster. The Huskies have a 9.8% chance to win it all, per Kalshi.

Duke National Championship Odds

Duke is always a contender, especially in the day and age of NIL. The Blue Devils can always count on an elite freshman class, too. Jon Scheyer’s group heading into 2027 includes 5-star freshmen Cam Williams, Bryson Howard and Derron Rippey Jr., as well as transfer Drew Scharnowski and surely more to come.

As it currently stands, the Blue Devils hold a 12% chance to cut down the nets next season, per Kalshi.

Can Michigan Win Back-To-Back National Titles?

Winning back-to-back titles is a little more common than you might think. It’s happened twice since the turn of the century, with Florida winning in 2006 and 2007 while UConn won in 2023 and 2024.

With the state of NIL, Michigan is set to give 2027 another run despite losing top talent to eligibility or the NBA Draft. Here’s a look at both recent teams to pull off the back-to-back feat.

2006 & 2007 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.

2023 & 2024 UConn: As mentioned already on this page, UConn is simply a force when it comes to March. The Huskies won back-to-back titles in 2023 and 2024 thanks to Tristen Newton, Donovan Clingan and Alex Karaban.

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:

Prediction Markets
2027 College Basketball Champion
Learn more about Prediction Markets
Kalshi
Duke
13%
Florida
11%
Illinois
8%
Michigan
7%
Alabama
7%
UConn
6%
Tennessee
5%
St. John's
4%
Arizona
4%
Saint Mary's
0%

Ethan Stone

Ethan Stone is a Tennessee graduate and loves all things college football and college basketball. Firm believer in fouling while up 3.

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