This page is meant to help identify which programs may be overvalued or undervalued on the college basketball odds board — in relation to my college basketball power rankings.
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2022-23 College Basketball Power Rankings
| Rankings | Teams | Previous Ranking | Record |
|---|---|---|---|
| 1 | Houston | 2 | 29-2 |
| 2 | UCLA | 1 | 27-4 |
| 3 | Arizona | 7 | 25-6 |
| 4 | Texas | 8 | 23-8 |
| 5 | Gonzaga | 12 | 28-5 |
| 6 | Alabama | 4 | 26-5 |
| 7 | Creighton | 9 | 20-11 |
| 8 | UConn | 3 | 24-7 |
| 9 | Kansas | 5 | 25-6 |
| 10 | Indiana | 11 | 21-10 |
| 11 | West Virginia | 16 | 19-13 |
| Rankings | Teams | Previous Ranking | Record |
|---|---|---|---|
| 12 | Baylor | 10 | 22-9 |
| 13 | Tennessee | 6 | 22-9 |
| 14 | TCU | 13 | 20-11 |
| 15 | Arkansas | 14 | 19-12 |
| 16 | Saint Mary's | 15 | 26-7 |
| 16 | Maryland | 17 | 20-11 |
| 18 | Purdue | 18 | 26-5 |
| 19 | Iowa State | 20 | 18-12 |
| 20 | Kentucky | 21 | 21-10 |
| 21 | Marquette | 19 | 25-6 |
| Rankings | Teams | Previous Ranking | Record |
|---|---|---|---|
| 22 | Illinois | 22 | 20-11 |
| 23 | Iowa | 23 | 19-12 |
| 24 | Kansas State | 24 | 23-8 |
| 25 | Michigan St. | 25 | 19-11 |
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Applying College Basketball Power Rankings To Betting
These ratings are meant to primarily assist you with single-game markets. Let’s start with Tier 1. Just because Indiana is ranked slightly below Kansas doesn’t imply that Bill Self’s crew wouldn’t be a bigger favorite on a neutral court — especially after beating the Hoosiers handily on Dec. 17.
Nevertheless, Trayce Jackson-Davis & Co. may be undervalued in that instance — in relation to the game’s point spread.
My model employs a combination of metrics and box score indicators. However, I often take situational spots into account as well. These instances are aimed to uncover conditions in which teams have consistently outperformed or underperformed their normal level of play — relative to the moneyline or spread. As a result of a lengthy season, you’re simply not going to get a fully engaged team every single night.
Even though these rankings signify a team’s current state, they don’t necessarily translate to the futures market. For instance, I wouldn’t suggest betting into Kansas Jayhawks futures, which are as low as +800, as their March Madness odds are slightly inflated.
Moreover, there’s little to no value on the college basketball title odds board for programs like Houston, Alabama, and Purdue, given their well-established positioning in the market.
States With Legal College Basketball Betting
When the Supreme Court overturned PASPA in May 2018, it allowed for individual states to legalize sports gambling. Starting with New Jersey (the original plaintiff in the PASPA case), additional states quickly moved to legalize and help regulate the industry even further.
College basketball betting, along with other professional sports, still isn’t federally legal. Nevertheless, residents of the states below can place wagers at legal sportsbooks:
- Arizona
- Arkansas
- Colorado
- Delaware
- Illinois
- Indiana
- Iowa
- Lousiana
- Maryland
- Michigan
- Mississippi
- Montana
- Nevada
- New Jersey
- New Mexico
- New York
- Ohio
- Pennsylvania
- Rhode Island
- Tennessee
- Virginia
- West Virginia
Most other U.S. states have introduced some sort of bill that would legalize sports gambling. Of course, some states are far closer than others to legalizing the industry. Visit our state betting pages at TheLines to get a look at the status in each state.