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NCAA Tournament 2016 odds: Kansas, UNC atop updated March Madness betting lines

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Kansas and North Carolina are big betting favorites to win the NCAA Tournament heading into the Sweet 16 this week.

Steven Branscombe-USA TODAY Sports

The Kansas Jayhawks are 16-0 straight up and 13-3 against the spread in their last 16 games, including two double-digit wins in the NCAA Tournament. The Jayhawks entered March Madness as the team to beat, and still look that way heading into the Sweet 16.

Kansas is a +350 betting favorite to win the NCAA Tournament this season at sportsbooks monitored by OddsShark.com. After opening as a +450 favorite to win the title, the Jayhawks have improved their chances by avoiding an upset in the first two rounds.

Next, the No. 1 Jayhawks are set to take on the No. 5 Maryland Terrapins (+2800 to win the championship). In the last 18 games between 1-seeds and 5-seeds, 1-seeds are 15-3 SU.

The ACC is well represented in the Sweet 16 with six teams, including both of its No. 1 seeds in North Carolina (+425) and Virginia (+575). North Carolina entered the tournament as a +600 favorite and has been peaking at the right time with a 6-0 SU and 5-1 ATS record over its last six games.

Virginia is down from +1000 and has a 12-3 SU and 11-4 ATS record over its last 15 games according to the OddsShark College Basketball Database.

The No. 2 Oklahoma Sooners are next up on the betting board at +750 to win the NCAA Tournament, down from their opening number of +1400. No. 1 Oregon and No. 2 Villanova both started the tournament with odds of +1600 to win it, and both are now at +1200.

Oregon struggled in its Round of 32 game against Saint Joseph's, but is still 11-4 ATS in its last 15 games against teams with winning records.

Other contenders looking to make a splash in the Sweet 16 include No. 4 Duke (+1800), No. 3 Texas A&M (+2000), No. 5 Indiana (+2000), No. 3 Miami (+2800), No. 4 Iowa State (+2800) and No. 11 Gonzaga (+2800).

Gonzaga is 7-0 SU and 6-0-1 ATS in its last seven games and is up from a starting line of +6600.

No. 6 Notre Dame, No. 7 Wisconsin and No. 10 Syracuse are all now going off at +3300 on the March Madness odds after coming into the tournament each going off at +10000. Notre Dame and Wisconsin meet in the Sweet 16.