The 2022-23 college basketball season is right around the corner and as unsurprising as it is to see North Carolina (+1100) at the top of the board, we are equally accustomed to the likes of Kentucky (+1200), and Gonzaga (+1100) being favored to win the title. And with or without Coach K, there’s always Duke (+1500).
Below, we have updated March Madness betting odds from the top online betting sites out there, plus available offers from some of those sportsbooks and some NCAA basketball programs to look out for this season.
2022-23 College Basketball Championship Odds
For more information related to betting on college basketball this season, check out the following:
2023 March Madness betting odds: Blue Bloods UNC, Kentucky, and Duke among favorites
It might feel like it’s way too early to be looking at 2023 March Madness odds, but this is a time of year when you may be able to get excellent value compared to a couple of months from now, and certainly compared to during the middle of the season in most cases.
It comes as no surprise to see the programs at the top that we usually see ranked pretty high each season, but the favorites to cut down the nets next April are (according to odds from Caesars Sportsbook):
The Tar Heels return the core of a team that led by 15 points in the national title game. That includes team captains R.J. Davis, Caleb Love, and Armando Bacot, the latter of which returns for his senior season as an NBA lottery prospect and ACC Player of the Year favorite after tying the Carolina record for double-doubles in the regular season.
Pete Nance is a huge transfer get for Carolina after he also pulled his name from the NBA Draft and is coming over from Northwestern to join this team in its effort to win just one more game than it did a season ago.
While +800 is a low number, it’s easy to see why UNC is high on everyone’s list going into 2022-23. Plus, you can find this group at +1100 if you look hard enough.
Freshman superstar Chet Holmgren left for the NBA and got picked second overall by the Oklahoma City Thunder, but three starters from a squad that spent most of the 2021-22 season as the No. 1 ranked team in the country.
This includes Julian Strawther, Rasir Bolton, and of course, Drew Timme, who might just win the John R. Wooden Award as the most outstanding college basketball player in the country this year.
Southern Conference Player of the Year Malachi Smith is also transferring in from Chattanooga and he will join five-star recruits Hunter Sallis and Efton Reid in an effort to help that core make sure Gonzaga is No. 1 at the end of the season next year as well.
John Calipari has added instant offense by transferring in Antonio Reeves from Illinois State and getting five-star recruit Chris Livingston from Oak Hill Academy to commit.
If rising star Jacob Toppin can take the next step in his development, Kentucky should look like a No. 2 seed once again. It already has Wooden Award winner Oscar Tshiebwe, who dominated with 17.3 PPG and 15.1 RPG last season.
We’re willing to bet that Kentucky has a chip on its shoulder and will be a force in the SEC, and you can be sure they won’t go down to a No. 15 seed for a second year in a row, too. It’s actually been three straight underwhelming finishes for Kentucky, if you’re a believer in a program being due for a bounceback while having the coaching and talent to pull it off.
Marcus Sasser helped Houston get to the Final Four in his sophomore season before the Cougs lost to Baylor. A toe injury derailed his junior year and he only played 12 games, so he pulled out of the NBA Draft and is coming back for his senior year with plans to score enough to make the Cougars national title contenders.
Plus, this Houston team is suddenly deep after adding Texas Tech transfer Mylik Wilson along with freshmen standouts Jarace Walker and Terrance Arceneaux.
Jon Scheyer is taking over for legendary coach Mike Krzyzewski in what is sure to be an interesting season in Durham. The Blue Devils are still among the top five teams when it comes to the odds board, as they’ve added the top two high-school recruits in the country and another five-star recruit considered to be in the top ten.
Dereck Lively, Dariq Whitehead, and Kyle Filipowski should all start for the Blue Devils this season, alongside Illinois transfer and standout shooter Jacob Grandison. This is a scary prospect for anyone else hoping to compete for a National Championship.
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2023 March Madness dark horses, contenders: keep an eye on Villanova, Baylor to come back strong
For every favorite, there’s a team (or several) waiting in the wings as potential options with higher-paying odds when you compare lines at most sports betting apps. If you’re looking beyond the top of the board, consider these teams:
No, a blue blood team and defending champion isn’t exactly dark horse material, but this team did lost Ochai Agbaji and Christian Braun to the NBA,
They do return Jalen Wilson and get Texas Tech transfer Kevin McCullar to play hard on both ends of the floor along with five-star recruits Gradey Dick and Ernest Udeh to help get them back to the Final Four.
A year removed from winning the national championship, Baylor returns backcourt mates Adam Flagler and LJ Cryer while adding a top-10 prospect in Keyonte George. If the Bears can avoid injury, they have every chance of dominating Big 12 play once again and getting a high seed in the tournament. At +2000, this team is worth a look if you’re spreading money around on a few contenders.
The 2016 and 2018 champs are coming off a Final Four appearance and the roster hasn’t changed all that much, though you wouldn’t know it based on the +5000 odds at Caesars.
They do add FIBA U18 Americas Championship standouts Cameron Whitmore and Mark Armstrong, making a Final Four team even better. Nova is routinely the class of the Big East, a conference many are high on to get six or seven teams in the dance this time around.
Rutgers, Seton Hall, and St. John’s
For anyone located in New York or New Jersey, there’s definitely some excitement for college basketball season whether you root for Rutgers, Seton Hall, St. John’s, or a smaller program like St. Peter’s or Monmouth, among others.
While the big three do play in larger conferences, the competition also means that none of these teams are favored to win their respective leagues. That said, you can still find odds for things Seton Hall (+900) to win the Big East, and the same for St. John’s (+2500). When it comes to the Big Ten, Rutgers (+4000) offers a decent payout.
Keep in mind that not all futures bets are good ones and even though you want a rooting interest for the season, it’s important to be realistic and to keep the amount you wager in check, especially on longshot odds.
If you or a loved one has questions or needs to talk to a professional about gambling, call 1-800-GAMBLER or visit 1800gambler.net for more information.
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