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Women's March Madness odds 2024: Projecting the teams with best chances to make each round, win NCAA Tournament

Edward Sutelan

Women's March Madness odds 2024: Projecting the teams with best chances to make each round, win NCAA Tournament image

Let the madness begin.

The 2024 NCAA women's basketball tournament field has been set, and it has no shortage of star power. Caitlin Clark headlines this year's tournament as the biggest star in the sport at the collegiate level. USC's JuJu Watkins is going to have her own shot at stardom this year as the new face of USC basketball. And Angel Reese and LSU are back to defend their national championship.

But while there are plenty of household names, March is the time for new faces to emerge in college basketball. There will be plenty of upsets and many thrilling matchups as teams look to shake up the field. Can anyone keep South Carolina's perfect season from ending in a title? What about stopping Clark's Iowa career from being capped off with a national championship? Will anyone prevent a repeat from another strong LSU squad?

Sporting News is rolling out its projection model that evaluates the field and determines which teams are the most likely to come out of each matchup. The model is based on composite ratings from Sports-Reference's SRS ratings, Omni Rankings, Real Time RPI and Warren Nolan's ELO ratings. The model then runs a Monte Carlo simulation of the tournament 20,000 times and records the outcomes for each result.

Here is a look at the current odds for the entire 2024 March Madness bracket, as well as what SN's model says about the field.

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March Madness odds 2024

It should be no surprise undefeated South Carolina is the favorite to win the national championship in odds from BetMGM. What perhaps comes as a bit of a surprise is by how much the Gamecocks. South Carolina is the favorite over the entire field, meaning that bookmakers think it's more likely the Gamecocks win the national championship than the odds of any other team winning combined.

On the men's side, Connecticut is the favorite at +400. South Carolina's odds are in the negatives. That's picking them as huge favorites.

RegionTeamSeedOdds
Albany 1South Carolina1-135
Albany 2Iowa1+600
Albany 2LSU3+750
Portland 4Stanford2+1500
Portland 3Texas1+1500
Portland 4Connecticut3+2000
Portland 3Ohio State2+2500
Albany 2UCLA2+3000
Portland 3USC1+3000
Portland 4NC State3+5000
Albany 1Notre Dame2+5000

If anyone was going to follow the Gamecocks, it makes sense it would be Clark's Hawkeyes. They've stolen the show in college basketball throughout the season, though it is a bit surprising to see the Hawkeyes so heavily favored considering they'd have to get past reigning national champion LSU in their region just to reach the Final Four. The Tigers have the third-best title odds behind the Gamecocks and Hawkeyes.

The model also sees South Carolina as huge favorites to win it all (38.7%), though not quite as much as bookmakers. After all, it's hardly an easy feat to run the table on an undefeated season all the way through. 

However, after South Carolina, it's Connecticut that comes in second, edging Iowa at 11 percent to 9.7 percent. Then, the Longhorns come up with a 9.5 percent chance to win it all. Reigning champion LSU is at 4.2 percent, which ranks seventh.

RegionTeamSeedTitle Win PercentImplied Odds
Albany 1South Carolina138.7%+158
Portland 3Connecticut311%+807
Albany 2Iowa19.7%+933
Portland 4Texas19.5%+950
Albany 1Notre Dame24.6%+1869

If you're looking for the sleeper value bet through the model's eyes, it's on Connecticut. The Huskies are at +2000 in BetMGM's odds to win the national championship, but the model thinks they're chances are significantly better. Still, it's hard at this point to bet against undefeated South Carolina.

MORE: Women's bracket expert picks | Upset predictions

NCAA Tournament odds to advance by region

Here is a look at the odds for each team to advance past each region, as well as the projected run for each team based on Sporting News' model.

It should be noted teams in the play-in or facing play-in teams will have their odds and model projections updated once the games are concluded. Odds for teams to reach the Elite Eight will be updated as they are released.

Albany 1

Is anyone in the Albany 1 region going to take down South Carolina? It sure seems unlikely. BetMGM gives no other team in this part of the bracket better than +5000 odds to win the national championship, indicating a clear lack of faith in anyone to upset the favorites.

SeedTeamTitle winner
1South Carolina-135
2Notre Dame+5000
3Oregon State+10000
4Indiana+10000
5Oklahoma+30000
6Nebraska+30000
7Ole Miss+30000
8North Carolina+25000
9Michigan State+30000
10MarquetteN/A
11Texas A&M+50000
12FGCU+50000
13FairfieldN/A
14Eastern WashingtonN/A
15Kent StateN/A
16Sacred HeartN/A
16PresbyterianN/A

Could it be No. 2 Notre Dame, the ACC champs? They're the clearest contender, though the odds on No. 8 North Carolina at +25000 indicates there might be some at least a modicum of belief the Tar Heels could find success by getting the top squad in the second round.

The model has South Carolina as the heavy favorite to emerge from the Albany 1 region, giving it a 65.1 percent chance of reaching the Final Four and a 50 percent chance of getting to the national championship.

SeedTeamRound of 32Sweet SixteenElite EightFinal FourChampionshipTitle winner
1South Carolina99.9%92.2%79.3%65.1%50.3%38.7%
2Notre Dame93.7%72.9%54.6%18.1%10.0%5.1%
3Oregon State81.6%53.6%20.9%4.5%1.8%0.6%
4Indiana81.6%52.7%10.6%5.4%2.0%0.7%
5Oklahoma73.6%34.8%5.5%2.3%0.7%0.2%
6Nebraska61.2%27.2%8.5%1.5%0.3%0.1%
7Ole Miss59.8%17.9%8.2%1.2%0.4%0.1%
8North Carolina42.3%2.4%1.2%0.3%0.0%0.0%
9Michigan State57.7%5.3%2.6%0.9%0.3%0.1%
10Marquette40.2%8.0%3.1%0.3%0.1%0.0%
11Texas A&M38.8%13.4%3.2%0.3%0.0%0.0%
12FGCU26.4%6.9%0.4%0.0%0.0%0.0%
13Fairfield18.4%5.6%0.3%0.0%0.0%0.0%
14Eastern Washington18.4%5.8%1.0%0.0%0.0%0.0%
15Kent State6.3%1.2%0.3%0.0%0.0%0.0%
16Sacred HeartTBDTBDTBDTBDTBDTBD
16PresbyterianTBDTBDTBDTBDTBDTBD

Looking for some upset picks? No. 9 Michigan State could be a sleeper against the Tar Heels. If No. 11 Texas A&M can get past No. 6 Nebraska, the Aggies could also be an underrated pick to then reach the Sweet Sixteen.

Albany 2

The Hawkeyes are the favorites to emerge from their region, but this is far from open and shut like Albany 1. The Tigers aren't far behind in national championship odds, and even No. 2 UCLA has a decent shot. 

SeedTeamTitle winner
1Iowa+600
2UCLA+3000
3LSU+750
4Kansas State+20000
5Colorado+10000
6Louisville+20000
7Creighton+50000
8West Virginia+30000
9PrincetonN/A
10UNLV+30000
11Middle Tennessee+50000
12DrakeN/A
13Portland+50000
14Rice+50000
15Cal Baptist+50000
16Holy Cross+50000
16UT Martin+50000

No. 5 Colorado has some decent odds at winning the title at +10000, perhaps indicative of its easier perceived path to the Sweet Sixteen, where it would then likely have to face Iowa.

The model sees this as a three-team race between Iowa, LSU and UCLA. The Hawkeyes are the favorites, but it is far from an overwhelming advantage over the Tigers and Bruins. Part of the edge for Iowa might come in the fact simply that LSU and UCLA have to face one another just to reach the Elite Eight, while the Hawkeyes' toughest challenge would be No. 4 Kansas State or No. 5 Colorado, neither of whom the model sees as being serious threats to the Hawkeyes.

SeedTeamRound of 32Sweet SixteenElite EightFinal FourChampionshipTitle winner
1Iowa99.2%77.9%59.2%37.7%21.6%9.7%
2UCLA90.1%63.4%34.5%16.4%9.1%2.8%
3LSU93.4%68.0%40.5%23.2%11.8%4.2%
4Kansas State85.5%51.9%18.2%7.2%2.9%0.7%
5Colorado61.8%29.9%9.0%3.6%1.1%0.2%
6Louisville57.5%20.5%8.1%2.6%0.8%0.2%
7Creighton52.5%19.5%7.8%2.6%0.9%0.2%
8West Virginia56.5%14.1%6.7%2.4%0.8%0.2%
9Princeton43.5%8.0%3.3%0.9%0.2%0.0%
10UNLV47.5%15.3%5.0%1.6%0.4%0.1%
11Middle Tennessee42.5%10.2%3.7%0.7%0.3%0.0%
12Drake38.2%15.1%3.3%1.0%0.2%0.0%
13Portland14.5%3.1%0.4%0.0%0.0%0.0%
14Rice6.6%1.2%0.2%0.0%0.0%0.0%
15Cal Baptist9.9%1.9%0.3%0.0%0.0%0.0%
16Holy CrossTBDTBDTBDTBDTBDTBD
16UT MartinTBDTBDTBDTBDTBDTBD

There are no upsets projected to happen in the first two rounds of the bracket, but No. 10 UNLV and No. 11 Middle Tennessee are underdogs in near coin flips to No. 7 Creighton and No. 6 Louisville, respectively. The model even seems some room for No. 12 Drake to potentially be a surprise team to reach the Sweet Sixteen.

Portland 3

Unlike the Albany regions, both the Portland regions appear to be wide open. No. 3 seed Connecticut is the favorite with No. 2 Ohio State and No. 1 USC not far behind in odds. Even No. 4 Virginia Tech at +10000 isn't too far off from the three leaders in title odds.

SeedTeamTitle winner
1USC+3000
2Ohio State+2500
3Connecticut+2000
4Virginia Tech+10000
5Baylor+30000
6Syracuse+50000
7Duke+30000
8Kansas+50000
9Michigan+50000
10RichmondN/A
11Arizona+50000
11AuburnN/A
12Columbia+50000
12Vanderbilt+50000
13Marshall+50000
14Jackson State+50000
15Maine+50000
16Texas A&M CCN/A

No. 7 Duke appears to be the sleeper to watch in this region. At +30000 odds, the Blue Devils are still long-shots to come out of the region, but those are decent chances for a No. 7 seed.

While oddsmakers see this region as fairly open, the model has Connecticut as the second-largest favorite to reach the Final Four behind only South Carolina. After that, Watkins' USC squad has the next-best odds. Given Connecticut's path to the Elite Eight means beating No. 2 Ohio State, it's safe to say the model likes the Huskies to win the rematch that eliminated them a year ago.

SeedTeamRound of 32Sweet SixteenElite EightFinal FourChampionshipTitle winner
1USC95.6%71.5%45.9%20.4%10.1%3.4%
2Ohio State92.5%63.2%28.1%15.6%7.6%2.6%
3Connecticut95.0%81.6%57.0%40.8%24.1%11.0%
4Virginia Tech76.9%42.3%19.7%7.1%2.7%0.6%
5Baylor73.1%41.6%18.8%7.5%2.8%0.7%
6Syracuse51.4%9.1%2.7%1.1%0.1%0.0%
7Duke66.3%26.6%7.5%3.4%1.3%0.3%
8Kansas59.3%18.5%8.4%1.6%0.5%0.1%
9Michigan40.7%9.5%3.2%0.7%0.2%0.0%
10Richmond33.7%8.8%1.8%0.5%0.2%0.0%
11ArizonaTBDTBDTBDTBDTBDTBD
11AuburnTBDTBDTBDTBDTBDTBD
12Columbia26.9%9.2%2.4%0.3%0.1%0.0%
12Vanderbilt26.9%9.2%2.4%0.3%0.1%0.0%
13Marshall23.1%6.9%1.5%0.2%0.0%0.0%
14Jackson State5.0%1.4%0.2%0.0%0.0%0.0%
15Maine7.5%1.4%0.2%0.0%0.0%0.0%
16Texas A&M CC4.4%0.4%0.0%0.0%0.0%0.0%

The Blue Devils have nearly a two-thirds chance of winning the first round and over a 1-in-4 chance to reach the Sweet Sixteen despite a possible matchup with the Buckeyes looming in the second round. 

Portland 4

Another region less clear than either set in Albany. Texas and Stanford share the same odds to win the national championship, with NC State sitting at third at +5000. No. 5 Utah (+10000) and No. 4 Gonzaga (+15000) aren't all that far behind considering how lopsided some of the other regions are.

SeedTeamTitle winner
1Texas+1500
2Stanford+1500
3NC State+5000
4Gonzaga+15000
5Utah+10000
6Tennessee+30000
7Iowa State+50000
8Alabama+50000
9Florida State+50000
10Maryland+50000
11Green BayN/A
12South Dakota St.+50000
13UC Irvine+50000
14Chattanooga+50000
15Norfolk State+50000
16Drexel+50000

Of course, what is hindering all the championship odds for these teams is that the Final Four foe would be the winner of Albany 1, which could wind up being South Carolina. 

But there are some intriguing picks in here, with all the 1-5 seeds having no worse than +15000 odds to win the national championship. 

The model also views this as an open region, with all three top seeds having double-digit chances to reach the Final Four and even Gonzaga and Utah coming in at over 5 percent odds of reaching the semifinals. Still, Texas is the clear favorite, with nearly a 40 percent chance to arrive in Cleveland for the Final Four.

SeedTeamRound of 32Sweet SixteenElite EightFinal FourChampionshipTitle winner
1Texas97.8%80.3%58.4%39.1%16.9%9.5%
2Stanford95.8%70.9%45.2%24.2%8.4%4.6%
3NC State91.9%62.7%31.1%14.7%3.8%1.8%
4Gonzaga89.8%51.4%19.2%7.2%2.2%0.7%
5Utah84.2%43.9%14.7%5.7%1.2%0.4%
6Tennessee67.2%27.4%9.7%3.1%0.7%0.2%
7Iowa State55.8%17.7%7.9%2.3%0.5%0.1%
8Alabama53.1%10.7%4.3%1.3%0.1%0.1%
9Florida State46.9%8.7%3.0%0.8%0.1%0.0%
10Maryland44.2%10.5%3.6%1.1%0.2%0.1%
11Green Bay32.8%8.1%2.1%0.3%0.1%0.0%
12South Dakota State15.8%3.0%0.3%0.1%0.0%0.0%
13UC Irvine10.2%1.7%0.0%0.0%0.0%0.0%
14Chattanooga8.1%1.9%0.3%0.0%0.0%0.0%
15Norfolk State4.2%0.8%0.1%0.0%0.0%0.0%
16Drexel2.2%0.3%0.1%0.0%0.0%0.0%

No. 10 Maryland is an intriguing sleeper pick at having a 10.5 percent chance to reach the Sweet Sixteen — and even a 1.1 percent chance of reaching the Final Four.

Edward Sutelan

Edward Sutelan joined The Sporting News in 2021 after covering high school sports for PennLive. Edward graduated from The Ohio State University in 2019, where he gained experience covering the baseball, football and basketball teams. Edward also spent time working for The Columbus Dispatch and Cape Cod Times.