Miami's heading to the Elite Eight after upsetting the No. 1 Houston Cougars on Friday, 89-75.
The Hurricanes were +7.5 on the betting spread and had best odds of +302 to beat Houston Friday.
Miami was a +4600 underdog to win it all entering the Sweet 16, but now those odds have been cut to +800 at DraftKings.
Those odds imply a probability of about 11.1% that Miami wins its first national championship.
Entering the week, Miami was priced +950 to make its Final Four in history.
Miami's looking to break through past the Elite Eight for the first time in tournament history. The Hurricanes play the winner of Texas vs. Xavier in the Midwest region. Texas closed a short favorite.
On the backs of leading scorer Isaiah Wong's sharp-shooting and slashing abilities, the Hurricanes steamrolled the Hoosiers in the Round of 32.
That's after a tighter contest against Drake, in which Miami was regarded as a sexy pick to fade.
For more Action Network coverage of the 2023 NCAA Tournament, check out the latest college basketball odds, as well as the public betting percentage breakdowns for all of the 2023 NCAA Tournament games.