I was quite aware of 'how it works'. I am just surprised at the odds you quote. I would take all non UNC teams in their region laying 12-10 in a heartbeat. And Gonzaga only +160?
You of course know that with the spread built in Kansas plus 215 really equates to a less than 30% chance to win? The lines are not meant to be fair, they have a built in vig. Kind of like when an MMA favorite is -120 and the underdog is -105.
Which #1 seed is better than 30% chance to make final 4? None to me.....
Current lines at Westgate as of the moment this post is submitted:
#1 seed Gonzaga to win the West region = +150 = 40% chance to make the Final Four
#1 seed Villanova to win the East region = +160 = 38.5% chance to make the Final Four
#1 seed North Carolina to win the South region = EVEN money = 50% chance to make the Final Four
#1 seed Kansas to win the Midwest region = +175 = 36% chance to make the Final Four
If the odds the sportsbook is offering is the same as the odds of the event happening, that would mean they are making zero revenue (and must be losing quite a bit of money by paying for employees and other expenses). Somehow I doubt that is true