NCAA Basketball March Madness Odds: Sweet 16 Underdog Teams to Bet On

NCAA Basketball March Madness Odds: Sweet 16 Underdog Teams to Bet On

NCAA Tournament Sweet 16 matchups are set, which means oddsmakers have adjusted National Championship odds. We know teams like Gonzaga, Kansas, Arizona, and Purdue can win the title. But what about teams like North Carolina, Miami, and St. Peter’s? More importantly, which remaining underdogs offer overlay odds? Check out an analysis of the teams offering the highest March Madness Odds to cut down the nets and whether the odds they offer make them an overlay or underlay. 

March Madness Sweet 16 Underdogs Betting Picks | College Basketball Odds

NCAA March Madness Sweet 16

  • When: Thursday, March 24 – Friday, March 25

March Madness Sweet 16 Underdogs – Overlay or Underlay to Win It All?

  • North Carolina Tar Heels +1800

Armando Bacot can hang with any big man left in the tournament. Not only that, but the Tar Heels have a great backcourt in R.J. Davis and Caleb Love. 

Also, UNC must only beat UCLA, and Purdue or St. Peter’s to make the Final Four. The Tar Heels offer excellent odds to win it all.  

Overlay or Underlay Odds: Overlay

  • Miami Florida Hurricanes +3500

Miami is a good team. They should beat Iowa State for sure, but once they get by the Cyclones, the Hurricanes must take down Kansas or Providence just to make the Final Four.

That’s a lot to ask because both the Friars and Jayhawks will pose huge matchup issues for Miami. The +3500 odds are high, but they don’t make the Canes an overlay. 

Overlay or Underlay Odds: Underlay

  • Arkansas Razorbacks +4000

In a couple of NCAA Tournament wins, Arkansas failed to cover in both. So how can a team that hasn’t covered in 2 straight offer overlay odds to win the championship?

The victory over Vermont came against a team that many felt would beat the Hogs. The win against New Mexico State came after the Razorbacks shut down Timmy Allen. Sure, Arkansas is up against it versus Gonzaga. 

But if they beat the Zags, they can handle Texas Tech or Duke and make the Final Four. At +4000, Arkansas is worth a look. 

Overlay or Underlay Odds: Overlay

  • Michigan Wolverines +4000

Michigan was a preseason Top 5 team. So the fact they beat Colorado State and Tennessee probably shouldn’t surprise us.

The Wolverines can take it to Villanova. Then, they can upset Arizona or Houston. No team left in the tournament is as battle-tested as the Wolverines. So if you want to take a flyer, they might be your best option. 

Overlay or Underlay Odds: Overlay

  • Iowa State Cyclones +4000

It’s tough to like Iowa State. The Cyclones did upset Wisconsin. But they got a pass in the first round against LSU, which should have been an 8-seed at best, not a 6-seed.

Iowa State shouldn’t beat Miami. They aren’t a bad basketball team. But they don’t have enough to win the title. Expect much better odds than 40-to-1. 

Overlay or Underlay Odds: Underlay

  • Providence Friars +5500

55-to-1 on one of the best defensive teams left in the NCAA Tournament constitutes overlay odds. Providence held Richmond to 51 points. 

In their victory before, the Friars held South Dakota State to 57 points. Not only that, but Providence lost 4 games during the season and lost to Villanova by 5 points in one game and 2 points in the other.

Overlay or Underlay Odds: Overlay

  • St. Peter’s Peacocks +10000

St. Peter’s has had a magical run, but it’s asking a lot of the Peacocks to beat Purdue, then beat North Carolina or UCLA, and then beat Duke, Texas Tech, Arkansas or Gonzaga, and then if they win their Final Four contest, to beat a team like Kansas, Arizona, Villanova, or even Houston or Michigan in the National Championship. 

Purdue will end the Peacocks’ dream on Friday. So even at massive odds, St. Peter’s is an underlay. 

Overlay or Underlay Odds: Underlay 


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