2023 March Madness odds: Big futures favorite Kansas ousted by Arkansas

Kansas coach Bill Self has been watching the NCAA Tournament instead of coaching because of undisclosed health issues.

His Jayhawks will join their coach as spectators for the rest of the tournament.

There will be a new men’s college basketball champion this season after No. 8 Arkansas defeated Kansas 72-71 in the West Regional in Des Moines, Iowa, on Saturday.

Let’s get into the upset from a betting perspective.

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The Jayhawks were the third betting favorite (+1000, bet $10 to win $110 total) entering the tournament at FOX Bet. On the other hand, Eric Musselman’s Razorbacks entered the tournament as underdogs, at +8000 to win it all (bet $10 to win $810 total).

Kansas was a popular pick, but also one of the most heavily bet teams in the futures market, including at FOX Bet.

Like the patron saint of Las Vegas sports betting, Arkansas coach Eric Musselman celebrated by working on his tan.

Kansas becomes the second No. 1 seed in this year’s tournament to fall, following Purdue’s historic upset of FDU on Friday.

Bettors who, ahem, live high on the hog were the ones who hit all four points and/or played on the moneyline (+140 at FOX Bet, bet $10 to win $24 total) .

FOX Sports’ Patrick Everson tweeted about a bettor who won $500,000 on a $550,000 bet on the Razorbacks +4 and won $525,000 on the Tennessee Volunteers +4 vs. Duke, a 65-52 Vols win.

The Razorbacks pulled off the stunner by outscoring the Jayhawks in the second half 45-36. Arkansas trailed by 12 with 15 1/2 minutes left.

Junior guard Ricky Council IV made four straight free throws in a 13-second span to seal the upset for the Hogs.

This is the fourth time since the NCAA expanded the tournament field in 1985 that multiple No. 1 seeds failed to reach the Sweet 16 (2000, 2004, 2018).

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