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2017 NCAA Men's Basketball Championship Odds: Illinois listed at 250-1 to win title

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So you're telling us there's a chance?

Brian Spurlock-USA TODAY Sports

Bovada has released their first set of odds for the 2017 NCAA basketball championship. The Duke Blue Devils (9/2) have been listed as the favorite, ahead of Kentucky (6/1) and the newly-crowned Villanova Wildcats (8/1).

The Michigan State Spartans (12/1) headline five Big Ten teams that have been given 33/1 odds or better; the others are Indiana (20/1), Wisconsin (25/1), Maryland (33/1), and Purdue (33/1).

Illinois has opened with 250/1 odds to take home the title. That, obviously, means now is the ideal time to bet the house* because your return won't be as massive when the Fighting Illini are gearing up for a No. 1 seed next March.

*Please don't bet your house on Illinois

2017 NCAA Championship Odds (h/t VU Hoops)

SCHOOL ODDS
Duke Blue Devils 9/2
Kentucky Wildcats 6/1
Villanova Wildcats 8/1
Kansas Jayhawks 10/1
Louisville Cardinals 10/1
Michigan State Spartans 12/1
North Carolina Tar Heels 12/1
Indiana Hoosiers 20/1
Oregon Ducks 20/1
Virginia Cavaliers 20/1
Arizona Wildcats 22/1
Wisconsin Badgers 25/1
Xavier Musketeers 25/1
West Virginia 28/1
Connecticut 33/1
Maryland 33/1
Purdue 33/1
Iowa State 40/1
Miami-Florida 40/1
Oklahoma 50/1
Seton Hall 50/1
Syracuse 50/1
Texas 50/1
Baylor 60/1
Gonzaga 66/1
Michigan 66/1
Texas A&M 66/1
UCLA 66/1
Wichita State 66/1
Florida 75/1
Iowa 75/1
SMU 75/1
Arizona State 100/1
Butler 100/1
California 100/1
Cinncinnati 100/1
LSU 100/1
Mississippi State 100/1
Notre Dame 100/1
Ohio State 100/1
Vanderbilt 100/1
BYU 150/1
Colorado 150/1
Dayton 150/1
Florida State 150/1
Georgetown 150/1
USC 150/1
VCU 150/1
San Diego State 200/1
South Carolina 200/1
St. Mary's 200/1
Tennessee 200/1
UNLV 200/1
Alabama 250/1
Arkansas 250/1
Auburn 250/1
Boise State 250/1
Clemson 250/1
Colorado State 250/1
Georgia 250/1
Georgia Tech 250/1
Illinois 250/1
Kansas State 250/1
Marquette 250/1
Memphis 250/1
Minnesota 250/1
Mississippi 250/1
Oklahoma State 250/1
Oregon State 250/1
Pittsburgh 250/1
Missouri 300/1
Nebraska 300/1
Stanford 300/1
Virginia Tech 300/1
Wake Forest 300/1
Massachusetts 500/1
Penn State 500/1
Saint Joseph's 500/1
Temple 500/1
Washington 500/1
Boston College 1000/1
St. John's 1000/1
TCU 1000/1
Washington State 1000/1