Wolverines Have Favorable NCAA Title Odds
The Michigan sports betting industry is already off to a huge start, and March should be another record-setting month for the state.
The NCAA Men’s Basketball Tournament is always a popular event, and this year, it’s extra special in the state of Michigan.
The Michigan Wolverines are the top seed in the East Region, and they have advanced to the Sweet 16. Michigan will be taking on the Florida State Seminoles on Sunday, and there will be plenty of action at the in-state sportsbooks.
Michigan was one of the betting favorites to win the entire tournament before it began, and those odds continue to be shortened as teams get eliminated. Sportsbooks in Michigan could see a big loss if the Wolverines can go all the way.
Entering the Sweet 16 round, the Michigan Wolverines are +900 to cut down the nets in Indianapolis. Those are the third-shortest odds behind Gonzaga (+150) and Baylor (+450).
Michigan is +125 to reach the Final Four this year, and it is just two wins away from doing so. The Wolverines are only 2.5-point favorites over the Seminoles, and they will be in for a challenge on Sunday.
Betting trends and consensus pick information has been released for the Sweet 16 games, and bettors throughout the country are favoring Michigan and laying the 2.5 points. The over/under is set at 143.5 points, and about 60 percent of the public is betting the under in this matchup with Florida State.
If Michigan is able to defeat the Seminoles, then its odds will likely be shortened once again. Gonzaga and Baylor will remain the big favorites until they get knocked off, but Michigan is keeping pressure on the top two teams in the country.
Right now, most of the public money is on the Bulldogs to win the NCAA championship, even though the odds are the shortest. Sportsbooks would prefer the Bulldogs to win it all as they would not be set up for a big loss with that result.
Wolverines Women’s Team Eliminated
The 2021 NCAA Women’s Basketball Tournament is also taking place at this time, and that event is being played in the San Antonio area. The Michigan women’s basketball team also reached the Sweet 16, but it will not be winning the title.
The Wolverines were a six seed, but they suffered a 78-75 overtime loss to the Baylor Bears on Saturday. There are still some Big Ten teams left in the women’s tournament field, including the Indiana Hoosiers, after they stunned top-seeded NC State.
Sportsbooks in the state of Michigan are also taking futures bets on which team will win the women’s tournament title. These odds have also been updated since the first two rounds were played and will be changed again before the Elite Eight games are played.
The Stanford Cardinal (+190) were the betting favorite to win the women’s tournament as the Sweet 16 got underway. The Connecticut Huskies (+300) and Baylor (+600) are the next two teams on the list.
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