2013 NCAA Tournament Odds Re-Cap
College Basketball Betting Trends- 2013 NCAA Tournament Odds Re-Cap
Looking back at this year’s NCAA Tournament, while it had its fair share of shocking upsets, in the end the No.1 overall seed went chalk all the way to a national title. The following is a re-cap of Bovada’s original futures to win the entire tournament as well as each individual region to try and uncover the true value in the odds.
Indiana opened as a 5/1 co-favorite with Louisville to win the national title but as the No.1 seed in the East Region, it was a prohibitive 5/4 favorite to make it to the Final Four. We all know how that worked out when the Hoosiers ran into a red-hot Syracuse team in the Elite 8. The Orange opened the tournament at 22/1 to win it all and as 5/1 third-favorites (after No.2 seed Miami at 7/2) to win the East Region. The Hurricanes proved to be the worst value in this bracket after getting ousted by Marquette in just their second game.
The top dog in the South according to the seeds was Kansas at No.1, but not according to the odds. The Jayhawks opened as 10/1 fourth-favorites to win the national title with No.3 Florida actually having lower odds to win the title at 7/1. Kansas was listed at 3/1 to win the Region with the Gators favored at 8/5. The matchup between the two for the South Region title never materialized with Kansas falling to Michigan in the Sweet 16 and Florida losing to the Wolverines in the Elite 8. The real value in this region belonged to No.4 Michigan at 7/1 after making a run all the way to the championship game. The biggest disappointment had to be No.2 seed Georgetown at 20/1 to win the national title and 5/1 to win the South Region after becoming No.15 Florida Gulf Coast’s first victim in this tournament.
Many bettors were skeptical of Gonzaga earning the No.1 seed in the West despite a stellar regular-season run that had the Bulldogs ranked No.1 in the country heading into the NCAA’s. The odds echoed these concerns by opening them at 10/1 to win it all and at 12/5 to win the region. No.2 Ohio State was a close second at 11/4 to win the West and listed at 16/1 to win the entire tournament. Nobody saw what was actually coming in the West when No.9 Wichita State was opened at 300/1 to win the tournament and 66/1 to win the region. The Shockers lived up to their name by taking-out Pittsburgh, Gonzaga, upstart LaSalle, and Ohio State on its way to the Final Four. Congratulations to anyone out there that had the guts to bet on this outcome.
While each of the first three regions all returned a better payout for fading the favorite, the Midwest went according to form with Louisville providing an 11/10 return on winning the region and a 5/1 return on winning the National Championship. The only real shocker in the Midwest was No.12 Oregon making a run all the way to the Sweet 16 before running into the Cardinals. The Ducks opened at 66/1 to win the region and at 300/1 to win it all. No.2 Duke and No.3 Michigan State went chalk in the bottom half of the bracket with the Blue Devils earning the right to take a shot at Louisville as 15/4 second-favorites to win the Midwest.
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