2023 College Basketball National Championship Odds for Big Ten Teams

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Purdue head coach Matt Painter reacts on the bench during the second half of an NCAA college basketball game against Iowa at the Big Ten Conference tournament, Sunday, March 13, 2022, in Indianapolis. (AP Photo/Darron Cummings)
(AP Photo/Darron Cummings)
BetMGM @BETMGM Jun 08, 2022, 4:58 PM

Saint Peter’s Cinderella run was extended after Jaden Ivey’s potential game-tying three-pointer fell short at the buzzer in their Sweet 16 matchup. The Big Ten’s national championship drought was also extended with Ivey’s misfire.

If preseason national championship odds at the online sportsbook are any indication, ending the drought at 22 years with a title in the 2023 NCAA Tournament might be challenging.

2023 National Championship Odds

As of June 8, no Big Ten teams have national championship odds better than +2500, and only three teams have odds better than +5000.

Purdue is not one of those teams; after losing Ivey and other key contributors, the Boilermakers are buried at +5000, tied with four other teams for the 22nd-best odds. Purdue has never won a national title, hasn’t appeared in the title game since 1969, and has advanced beyond the Sweet 16 only once in Matt Painter’s 18 seasons as head coach.

Michigan State is one of the four teams tied with Purdue at +5000. The Spartans, the last Big Ten team to win a title (2000), haven’t reached the title game since 2009.

Here’s a look at 2023 national championship odds for each Big Ten team:

TeamOdds
Michigan+2500
Illinois+3000
Indiana+3300
Purdue+5000
Michigan State+5000
Ohio State+6600
Iowa+8000
Wisconsin+8000
Rutgers+15000
Maryland+15000
Penn State+25000
Minnesota+25000
Nebraska+50000
Northwestern+50000

How To Bet on National Championship Odds

National championship odds are available at BetMGM throughout the offseason and 2022-23 season.

As Painter and Purdue look to get over the hump, Juwan Howard and Michigan chase the program’s first title since 1989, and other Big Ten teams look for a breakout season, odds will update the sportsbook. And when you spot a favorable number, you can place a college basketball futures bet.

More College Basketball Betting

College basketball betting goes beyond national championship odds.

Starting with early-season tournaments and ending with the Final Four – in Houston in 2023 – there are odds for thousands of games. You can bet on a mid-week over/under total for a Big Ten non-conference game, browse live sports betting spreads for a Minnesota-Wisconsin game, or build a parlay from several games.

Visit the sportsbook throughout the year to see available college basketball odds.

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.