March Madness betting guide: Not just about brackets (copy)

LAS VEGAS — March Madness isn’t just about filling out — and later trashing — brackets. There are more ways to bet the field in the NCAA Tournament, an event that will consume basketball fans over the next three weeks. Here’s a look at the favorites, underdogs and longshots.

WHO’S FAVORED TO REACH THE FINAL FOUR?

Top-ranked Houston is the plus-120 favorite to emerge as the Midwest Region representative and play in Houston, according to FanDuel Sportsbook. That means a $100 bet pays $120. The next top team in the region is Texas at plus-450.

No. 4 Alabama, which is the No. 1 overall seed, is plus-190 to come out of the South. Next is No, 8 Arizona at plus-440.

The most competitive region appears to be the West. No. 3 Kansas is a slight favorite at plus-320, just ahead of No. 2 UCLA at plus-350. No. 9 Gonzaga isn’t far behind at plus-400.

No. 5 Purdue is at plus-300 to come out of the East, with No. 6 Marquette next at plus-420.

WHO’S FAVORED TO WIN THE TITLE?

Oddsmakers agree with the NCAA selection committee that the No. 1 seeds are the favorites — Houston at plus-500, Alabama at plus-800, Kansas at plus-1,000 and Purdue at plus-1,200.

After that, oddsmakers favor UCLA at plus-1,400, Gonzaga at plus 1,500, Arizona at plus-1,600, No. 7 Texas at plus-1,900, and No. 10 Baylor and Marquette each at plus-2,100.

WHO IS THE BIGGEST UNDERDOG?

If you’re looking for the next Saint Peter’s or Loyola-Chicago, check out these options.

Sixteen teams are listed at plus-50,000: Co