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I regularly get odds e-mails as a site manager and for football they are pretty much laughable when it comes to Purdue winning a B1G or National Championship. For basketball, however, it is not so much:
Odds on 5/21/15 Current Odds
Kentucky 10/1 7/1
Duke
Maryland 9/1 10/1
North Carolina 10/1 10/1
Kansas 16/1 12/1
Virginia
California
Michigan State 16/1 20/1
Arizona
Gonzaga 25/1 25/1
Michigan 33/1 25/1
UConn 50/1 25/1
Villanova
Wichita State 25/1 25/1
Iowa State 20/1 33/1
Indiana
Oklahoma 28/1 40/1
Purdue
Texas
Louisville
LSU
Florida State 100/1 66/1
Georgetown 100/1 66/1
Notre Dame 50/1 66/1
Syracuse 50/1 66/1
Butler
NC State 75/1 75/1
Ohio State 50/1 75/1
Utah
Wisconsin 50/1 75/1
Arizona State 500/1 100/1
Baylor
Cincinnati
Dayton 100/1 100/1
Florida
Georgia 100/1 100/1
Iowa
Miami FL 66/1 100/1
Oregon 150/1 100/1
Providence 100/1 100/1
San Diego State 100/1 100/1
Texas A&M 50/1 100/1
UCLA
Vanderbilt 125/1 100/1
West Virginia 100/1 100/1
Illinois
Marquette 200/1 150/1
Alabama 200/1 250/1
Arkansas 150/1 250/1
Auburn
Boise State Off the Board 250/1
Colorado 300/1 250/1
Memphis 200/1 250/1
Minnesota 300/1 250/1
Ole Miss 300/1 250/1
Pittsburgh 200/1 250/1
Rhode Island Off the Board 250/1
South Carolina 300/1 250/1
St. John's 300/1 250/1
UNLV
VCU
Xavier
BYU
Mississippi State Off the Board 500/1
Kansas State 500/1 500/1
Missouri
Nebraska 500/1 500/1
Oklahoma State 300/1 500/1
Penn State 500/1 500/1
Stanford 250/1 500/1
Temple 300/1 500/1
Tennessee 500/1 500/1
USC
Wake Forest 500/1 500/1
Washington 300/1 500/1
Boston College 500/1 Off the Board
Clemson 500/1 Off the Board
Colorado State 300/1 Off the Board
Creighton 300/1 Off the Board
DePaul 500/1 Off the Board
George Washington 500/1 Off the Board
Georgia Tech 500/1 Off the Board
Harvard
LaSalle
Murray State 300/1 Off the Board
New Mexico 500/1 Off the Board
Northern Iowa 200/1 Off the Board
Richmond 500/1 Off the Board
Seton Hall 500/1 Off the Board
St. Joe's 500/1 Off the Board
St. Louis 500/1 Off the Board
Texas Tech 500/1 Off the Board
UMass 500/1 Off the Board
Virginia Tech 500/1 Off the Board
Yeah, the Boilers are still a longshot, but not as long as many. There are surprise runs in the tournament every year, and if a pair of very mediocre Connecticut teams can win titles in 2011 and 2014, why not us?