What are the odds for March Madness? Betting odds for all 68 teams in NCAA Tournament

March is here, and we're ready for madness. Sixty-eight teams will descend on the Indianapolis area with hopes of capturing their own "One Shining Moment." 

The early NCAA title favorites are Gonzaga (+275), Baylor (+300) and Michigan (+400), per the oddsmakers at BetMGM Sportsbook.

The tournament will begin at 4 p.m. ET on Thursday with the First Four, followed by the first round starting Friday.

Here's a look at who the betting favorites are to win the Big Dance now that the bracket is set, according to BetMGM.

March Madness National Championship Odds

Gonzaga +275

Baylor +350

Michigan +600

Illinois +600

Ohio State +1400

Iowa +1500

Oklahoma State  +1600

Florida State +1600

Alabama +1600

Creighton +2000

Houston +2000

West Virginia +2000

Texas +2000

Kansas +2500

Virginia +2500

Wisconsin +2500

Tennessee +3500

UCLA +3500

Oklahoma +3500 

Arkansas +4000

Loyola-Chicago +4000

Oregon +5000

Florida +5000

North Carolina +5000

LSU +5000

Purdue +5000

Connecticut +5000

Virginia Tech +5000

Missouri +5000

Colorado +5000

Rutgers +5000

Michigan State +6600 

Utah State +6600

Syracuse +8000

BYU +8000

Clemson +8000

Oregon State +8000

Maryland +10000

Georgia Tech +10000

Wichita State +10000

Georgetown +10000

St. Bonaventure +10000

VCU +10000

North Texas +15000

Winthrop +15000

Ohio +15000

UNC Greensboro +15000

Colgate +15000

Liberty +25000

Morehead State +25000

Oral Roberts +25000

UC Santa Barbara +25000

Grand Canyon +50000

Iona +50000

Appalachian State +50000 

Abilene Christian +50000

Cleveland State +50000

Drexel +50000

Eastern Washington +50000

Mount St. Mary's +50000

Norfolk State +50000 

Texas Southern +50000

CAPSULES FOR EVERY TEAM:   East |  Midwest |  South |  West

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