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Despite their loss in the Elite Eight, the Michigan men’s basketball team remains one of the top contenders to win the 2021 March Madness tournament. The defeat has not altered their future prospects and expectations.
The stock of Michigan men’s basketball futures for the 2021-22 season has unquestionably increased.
Michigan sportsbooks have ranked the Wolverines as top contenders for next year’s title due to their successful season, coach Juwan Howard’s top-rated recruiting class, and media praise. As a result, bettors in MI may want to hold off on entering the market at the moment.
Where Michigan men’s basketball futures sit
Michigan and Gonzaga are currently tied as the favorites to win the national championship in 2022, according to both FanDuel Sportsbook and PointsBet Sportsbook. However, two other teams have slightly better odds than them at PointsBet Sportsbook.
The Wolverines have the best odds of +800 at BetMGM Sportsbook, while the longest odds of +1200 can be found at four other MI sports betting apps. Among all these apps, Michigan is ranked no lower than third among the teams.
What is the reason behind the overwhelming support for the Wolverines in the upcoming season? After securing a Big Ten Conference regular-season championship and making an impressive run to the Elite Eight, the team has garnered significant appreciation. The potential return of experienced players like Eli Brooks and Chaundee Brown further strengthens the team’s backcourt.
Despite any departures, the Wolverines seem prepared to replenish their team. Their highly regarded recruiting class features Caleb Houstan, the second-best power forward in the nation, and Frankie Collins, who ranks tenth as a point guard. The potential of both the current and incoming players has caught the interest of numerous media sources.
Howard and his staff still have work ahead of them. They need to bring the talent together and create effective gameplans to make the most of it. Despite having an abundance of skill, bettors in MI should not consider a futures bet on the Wolverines as a guaranteed outcome.
Why you might want to wait on Michigan futures
There is a significant amount of risk involved when entering a futures market at the earliest opportunity. This holds true for two main reasons. Firstly, the likelihood of your investment yielding positive results can vary greatly throughout the entire year. Secondly, by investing too early, you run the risk of missing out on more favorable odds.
At present, the future of several players on Michigan’s roster for the 2021-22 season remains uncertain. These players have until May 30 to make a crucial decision – whether to give up their remaining eligibility to join the NBA Draft pool and play for the Wolverines, or to take advantage of an additional season of eligibility due to the COVID-19 pandemic.
Waiting may benefit you as there is a possibility of changes in these lines if any unexpected events occur. Additionally, the standard concerns in all sports, like player injuries, have not been considered yet. In other words, by waiting, you might have the opportunity to receive more favorable odds or gain a clearer understanding of the players who will be representing Michigan in the 2021-22 season.
On the other hand, the current situation could represent the peak for Wolverines’ futures. The market is influenced by roster choices made by all Big Ten teams, not solely Michigan, including the Michigan State Spartans, naturally.
What about Michigan State?
In the majority of MI sportsbooks, the Spartans find themselves ranked towards the lower end of the 2021-22 championship futures markets. For instance, at DraftKings Sportsbook, Michigan State’s odds are set at +2500. Notably, Max Christie is the only incoming recruit from the Spartans to be featured in the top-25 rankings.
Oddsmakers will be surprised if Michigan State is able to dominate not only in the state but also in the Big Ten next season, making it unlikely for bets on a Spartans title to be successful.
However, it wouldn’t be shocking for sportsbook operators to come up with a title for Michigan. They have taken measures to minimize their potential losses on the Wolverines in the upcoming season.
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