Dave Portnoy bets $600,000 on favorites UCONN to win March Madness... with Barstool CEO set to earn over $2MILLION if the Huskies repeat as national champions

Barstool CEO Dave Portnoy placed a $600,000 bet on UConn to win the NCAA Tournament and repeat as national champions. 

Portnoy placed the bet through DraftKings, with the Huskies having +360 odds to win the tournament. 

The first repeat champion since Florida in 2006 and 2007 would earn Portnoy $2.76million. 

UConn is the tournament's No 1 overall seed and has been picked by nearly 25 percent of people who filled out a bracket to win the tournament. 

The Huskies face No-16 seed Stetson in their first NCAA Tournament game this year on Friday.  

UConn was picked as the champion by nearly one-fourth of those who filled out brackets

Portnoy has not been shy about betting lots of money on sports while running Barstool

Portnoy's pay slip shows the Barstool CEO would win $2.76million with a repeat champion

'I have made a large bet. I really don't think there is anybody who can play with #uconn,' Portnoy said on X. 'Like +360 is not great odds but at the same time great odds. Yes I am worried that everybody is picking them.'

Portnoy has placed a few other March Madness bets, including $25,000 on No-11 seed New Mexico to win the tournament. 

The Lobos have +2200 odds to win the NCAA Tournament. The Mountain West Conference Tournament winners becoming national champions would earn Portnoy $575,000. 

New Mexico also opens NCAA Tournament play on Friday against No-6 seed Clemson. 

For the Lobos to win the NCAA Tournament, they will likely have to win six straight games as underdogs.