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Michigan with 33/1 Odds to Win 2015-16 NCAA Men's Basketball Championship

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The way-too-early odds for the 2015-16 NCAA Men's Basketball Championship are out. Place your bets!

Rick Osentoski-USA TODAY Sports

Michigan has 33/1 odds, meaning a winning $100 bet would pay $3,300, to win the 2015-16 NCAA Men's Basketball Championship, according to odds that Bovada has just released. Michigan's 33/1 odds are tied for the 16th-best among all D-I basketball schools and tied for the fourth-best among Big Ten schools.

This seems to fall in line with how many project Michigan basketball will perform next season with the healthy return of Caris LeVert and Derrick Walton, the late-season progress from Zak Irvin, Aubrey Dawkins, Spike Albrecht, and Muhammad-Ali Abdur-Rahkman, an offseason of development by Ricky Doyle, Kam Chatman, and Mark Donnal, and the additions of D.J. Wilson, Duncan Robinson, and Moritz Wagner to the hardwood.

Here are the 25 D-I basketball schools with the best odds to win the championship:

Bovada's Odds to Win 2015-16 NCAA Men's Basketball Championship (Top 25 Schools)
Rank School Odds
1 Maryland 9/1
t-2 Duke 10/1
t-2 Kentucky 10/1
t-2 North Carolina 10/1
t-5 Kansas 16/1
t-5 Michigan State 16/1
t-7 Arizona 20/1
t-7 California 20/1
t-7 Iowa State 20/1
t-7 Virginia 20/1
t-11 Gonzaga 25/1
t-11 Indiana 25/1
t-11 Villanova 25/1
t-11 Wichita State 25/1
15 Oklahoma 28/1
t-16 Michigan 33/1
t-16 Purdue 33/1
18 Louisville 40/1
t-19 LSU 50/1
t-19 Notre Dame 50/1
t-19 Ohio State 50/1
t-19 Syracuse 50/1
t-19 Texas 50/1
t-19 Texas A&M 50/1
t-19 UConn 50/1
t-19 Utah 50/1
t-19 Wisconsin 50/1

Here are the odds for Big Ten schools:

Bovada's Odds to Win 2015-16 NCAA Men's Basketball Championship (Big Ten Schools)
Rank School Odds
1 Maryland 9/1
2 Michigan State 16/1
3 Indiana 25/1
t-4 Michigan 33/1
t-4 Purdue 33/1
t-6 Ohio State 50/1
t-6 Wisconsin 50/1
t-8 Illinois 100/1
t-8 Iowa 100/1
10 Minnesota 300/1
t-11 Nebraska 500/1
t-11 Penn State 500/1
t-13 Northwestern N/A
t-13 Rutgers N/A

There are two important reminders. The first and most obvious is that these odds are very early as the 2015-16 men's basketball season doesn't begin for another six months. The second is that Bovada and other sportsbooks set these odds to optimize their return on the prop bet, not to list who's actually the first-, second-, and third-favorite and so on.