The Michigan basketball team currently has 25/1 odds to win the 2017 NCAA National Championship, according to Bovada. Last April, the Wolverines came in with 100/1 odds to win the title.
The currently Big Ten Conference odds to win the championship include Purdue at 22/1, Michigan at 25/1, Wisconsin at 66/1, Maryland, Michigan State, and Minnesota at 100/1, and Northwestern at 200/1.
Michigan finished No. 7 in the 2016-17 Big Ten Conference, but are currently riding a five-game winning streak. The Wolverines defeated Wisconsin to win the 2017 Big Ten Tournament Championship. Purdue finished atop the Big Ten Conference with a 25-7 record. Maryland came in second with a 24-8 record during the season.
Bovada has given Michigan 12/1 odds to win the Midwest Region and advance to the Final Four.
The Midwest Region includes No. 1 Kansas, No. 2 Louisville, No. 3 Oregon, No. 4 Purdue, No. 5 Iowa State, No. 6 Creighton, No. 7 Michigan, No. 8 Miami (FL), No. 9 Michigan State, No. 10 Oklaoma State, No. 11 Rhode Island, No. 12 Nevada, No. 13 Vermont, No. 14 Iona, No. 15 Jacksonville State, and No. 16 N.C. Central or UC Davis.
Favorites to win the NCAA National Championship:
Duke - 5/1
North Carolina - 6/1
Kentucky - 8/1
Villanova - 8/1
Gonzaga - 10/1
Arizona - 12/1
UCLA - 12/1