Just because the field of 68 has been chopped down to 16 teams, don't expect the debates and odds discussions to go away.
According to the breakdown, both Florida and Louisville have the best chances to reach the championship (32.2%), while Michigan State and Arizona would join those two in the Final Four. Michigan (29.2% chance to reach Final Four) and Wisconsin (27.6% chance) trailed close behind.
Ewing also broke down some of the biggest "winners" based on differences in the teams' odds before the tournament. Both Baylor and Kentucky were sleeper teams. Before the tournament, the Bears had a 1.1% chance to win it all and now have a 4.6% chance. Before the tournament, the Wildcats had a 0.9% chance to win it all and now have a 2.0% chance.
Follow John on Twitter @JohnEwing for more notes from his analysis and to let him know what else you may like to see with these projections.
MARCH SADNESS: THE AGONY OF DEFEAT IN THE NCAA TOURNAMENT