Florida and Duke share the top of the college basketball championship board at +600 each at DraftKings, an implied chance of 14.3% apiece. UConn is next at +1100, and Michigan, which won the 2026 title, starts the new season at +2700.
That is the board on September 24, 2026, with the 2027 tournament still six months away. Selection Sunday is March 14, the bracket grows to 76 teams, and the Final Four is at Ford Field in Detroit on April 3 and 5.
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College basketball championship odds
These are the 16 shortest prices on the DraftKings board as ESPN carried it on September 24, 2026. The market is listed under ESPN’s 2027 season, and it quotes Michigan at +2700 months after Michigan won the 2026 final, so it is a board for the coming tournament and not a leftover from the last one.
| Team | Price | Implied chance |
|---|---|---|
| Florida | +600 | 14.3% |
| Duke | +600 | 14.3% |
| UConn | +1100 | 8.3% |
| Illinois | +1400 | 6.7% |
| Texas | +1800 | 5.3% |
| Michigan State | +1900 | 5.0% |
| Louisville | +2000 | 4.8% |
| Arkansas | +2100 | 4.5% |
| Tennessee | +2200 | 4.3% |
| Arizona | +2300 | 4.2% |
| St. John’s | +2600 | 3.7% |
| Michigan | +2700 | 3.6% |
| Texas Tech | +2700 | 3.6% |
| Houston | +2800 | 3.4% |
| Gonzaga | +3200 | 3.0% |
| Virginia | +3500 | 2.8% |
The implied chance is 100 divided by the price plus 100. Across all 100 teams on the board it adds up to 145.6%. That gap is the book’s margin, so the true chance behind each price is lower than the figure in the table.
All four 2026 semifinalists sit in the top 12. UConn and Illinois are third and fourth, Arizona is tenth at +2300, and Michigan is twelfth.
How the 2026 title was won
Michigan beat UConn 69-63 on April 6, 2026, at Lucas Oil Stadium in Indianapolis. The Wolverines reached the final by beating Arizona 91-73, and UConn got there with a 71-62 win over Illinois.
UConn’s run went through Duke, which it beat 73-72 in the Elite Eight. Michigan’s Elite Eight game was a 95-62 win over Tennessee. The one-point Duke loss is a fair picture of how thin the margins are in a single-elimination bracket, even for a team the market now ranks first.
The 2027 tournament dates
- Selection Sunday: Sunday, March 14
- Opening Round (12 games): Tuesday, March 16 and Wednesday, March 17, in Dayton and Wichita
- First Round: Thursday, March 18 and Friday, March 19
- Second Round: Saturday, March 20 and Sunday, March 21
- Sweet 16: Thursday, March 25 and Friday, March 26
- Elite Eight: Saturday, March 27 and Sunday, March 28
- Final Four: Saturday, April 3, at Ford Field, Detroit
- National championship game: Monday, April 5, at Ford Field, Detroit
The 2027 tournament is the first with 76 teams, up from 68. The extra places go into an Opening Round of 12 games before the 64-team First Round begins.
The regional finals are in San Antonio, Los Angeles, Kansas City and New York, where Madison Square Garden hosts the East. Michigan State is the host school for the Final Four in Detroit.
Recent national champions
| Season | Champion | Score | Runner-up | Site |
|---|---|---|---|---|
| 2026 | Michigan | 69-63 | UConn | Indianapolis |
| 2025 | Florida | 65-63 | Houston | San Antonio |
| 2024 | UConn | 75-60 | Purdue | Glendale |
| 2023 | UConn | 76-59 | San Diego State | Houston |
| 2022 | Kansas | 72-69 | North Carolina | New Orleans |
| 2021 | Baylor | 86-70 | Gonzaga | Indianapolis |
Six finals, five different champions. UConn won two of them and lost a third in 2026, and it is priced third for 2027.
Florida, the 2025 champion, is one of the two favorites. Houston, the 2025 runner-up by two points, is 14th at +2800.
How to read these prices
A futures bet on the title is worth making only when you rate a team’s chance higher than the price does. At +600, Florida or Duke has to win the tournament 14.3% of the time for the bet to break even; at +2700, Michigan needs 3.6%.
The price you take is fixed, and the board is not. Rosters change through the season, and a 76-team bracket means a team needs six or seven wins in a row after Selection Sunday on March 14.
Game-by-game calls through the season are on the college basketball predictions hub, and the other March board is on the men’s NIT odds page. The women’s title race is on the women’s college basketball championship odds page.
Paid college basketball picks are available from the best handicappers in a membership. Read our handicapper site reviews before you pay for one, and compare books on the sportsbook reviews page.