The Kansas Jayhawks are the favorites to win the NCAA tournament, according to updated odds released Sunday night by the Westgate Las Vegas SuperBook.
The Jayhawks, the top seed in the South region, are listed at 9-2 odds, followed by Michigan State and North Carolina at 5-1. Virginia and Villanova are next at 12-1, and Kentucky and Oregon are both 15-1. Oklahoma is 20-1, followed by Xavier, West Virginia and defending champion Duke, which are each listed at 25-1.
Michigan State was the favorite before the NCAA tournament bracket was released Sunday night. The Spartans beat Purdue on Sunday to win the Big Ten tournament but were slotted as a No. 2 seed in the Midwest. Oregon, with 30-1 odds to begin the weekend, was granted a No. 1 seed in the West region after defeating Utah to win the Pac-12 tournament.
The controversy over the tournament field and seeds was predictable. It has been a year of parity, with no team able to separate itself as a clear-cut favorite. A different team topped the odds to win the national championship to begin December (Kentucky 5-1), January (Kansas 7-1), February (North Carolina 6-1) and March (Michigan State 5-1).
As of Saturday at the SuperBook, more bets had been placed on Michigan State to win the national championship than any other team. The largest amount of money had been wagered on Kansas to win it all, with the Spartans attracting the second-most money at the SuperBook.
William Hill's Nevada sportsbook has North Carolina as the favorite at 4-1. On Sunday, William Hill took a $55,000 bet on the Tar Heels to win the title at 5-1. The bet would pay $330,000. William Hill also took $50,000 bets on Kansas at 11-2 and Michigan State at 11-2. Both bets would pay $375,000.
Point spreads for the opening-round games were also released Sunday night. Every No. 9 seed opened as a favorite over its 8-seed first-round opponent at Las Vegas sportsbook operator CG Technology, and No. 10 seed VCU opened as a 3.5-point favorite over No. 7 seed Oregon State.
The Venetian sportsbook will be open 24 hours during the first four full days of the tournament. The sportsbook at the Mirage will open at 5:30 a.m. PT. The Wynn, Caesars and Westgate will open at 7 a.m. Thursday.