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Milan Momcilovic #22 of the Iowa State Cyclones celebrates as we look at the 2024 Big 12 Tournament odds.
Milan Momcilovic #22 of the Iowa State Cyclones celebrates with the bench after scoring during the second half of the Big 12 Men’s Basketball Tournament championship against the Houston Cougars game at T-Mobile Center on March 16, 2024 in Kansas City, Missouri. Photo by Jay Biggerstaff/Getty Images via AFP.

Iowa State pulled off an upset by defeating the favored Houston in the Big 12 Tournament, despite being the second choice according to the Big 12 Tournament and college basketball odds.

Throughout the season, Houston has consistently been one of the top teams in college basketball, possibly even the best. However, their performance in the Big 12 Tournament final against Iowa State was disappointing as they suffered a blowout loss.

The Cyclones (27-7) secured a convincing 69-41 victory against Houston, the tournament favorite according to our top March Madness betting sites. Despite their status, the Cougars scored the third-lowest number of points by a No. 1 team in AP Poll history, ultimately leading to their defeat.

On the other hand, Iowa State has enhanced its NCAA Tournament seeding and has lower odds for March Madness across top sportsbooks. Expect the Cyclones to be a popular choice in college basketball picks as we approach the NCAA Tournament.

2024 Big 12 Tournament odds

The odds are current as of March 11.

TeamDraftKingsFanDuelBetMGMCaesarsbet365
Houston-140 +100 -165 ❄️-140-120
Iowa State+300 +430 +400 +300+275 ❄️
Baylor+650 +600+800+900 +600
BYU+1200+1100+1000 ❄️  +1600   +1400
Kansas+1500 +1300+1400 +1100 ❄️+1200
Texas Tech+2200+1800 ❄️+2000+2200 +2000
Texas+3000 +2400 ❄️+2500+2500+3000
TCU+5000 +3600 ❄️+5000 +6000+6600 
Cincinnati+20000     +7000 ❄️+10000     +15000+10000
Oklahoma+10000 +8000+8000+8000+10000
Kansas State+30000+10000+10000 +30000+30000
UCF+50000 +16000+15000 ❄️+25000+25000
Oklahoma State+100000 +25000+20000 ❄️ +50000+100000
West Virginia+100000 +25000+20000 ❄️+50000+100000

Despite entering the 2024 Big 12 Tournament with the second-shortest odds, Iowa State emerged as the dominant team in the conference after convincingly defeating Houston in the tournament final.

The odds for the 2025 Big 12 Tournament are expected to be released in early March, just before next season’s conference tournament. The Big 12 regular-season odds will be posted later this summer.

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2024 Big 12 Tournament bracket

The Big 12 men
The Big 12 men’s basketball championship tournament bracket (via the Big 12 Conference).

Recent Big 12 Tournament winners

YearRegular seasonTournament
2023-24HoustonIowa State
2022-23KansasTexas
2021-22Kansas, BaylorKansas
2020-21BaylorTexas
2019-20KansasCancelled
2018-19Kansas State, Texas TechIowa State
2017-18KansasKansas
2016-17KansasIowa State
2015-16KansasKansas
2014-15KansasIowa State

Big 12 basketball FAQs

Who won the Big 12 Tournament this year?

Iowa State pulled off a surprising win against top-seeded Houston, dominating with a 69-41 victory to secure the Big 12 Tournament championship. The Cyclones, who were considered underdogs with odds as high as +430, defied the odds with a calculated 18.87% chance of winning according to our odds converter.

Who won the Big 12 Tournament last year?

In the 2023 Big 12 Tournament, Texas emerged victorious by defeating Kansas in the final by a 20-point margin, securing their second tournament title in three years.

Who won the Big 12 regular-season title?

In its inaugural season in the Big 12, Houston claimed the conference title for the 2023-24 regular season with an impressive 15-3 record.

When will the 2024-25 season start?

The upcoming college basketball season for 2024-25 is set to begin in early November, with the Big 12 schedule kicking off in early December.

March Madness betting odds pages

Here are our best March Madness betting sites:

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