eeding be damned, the money is with Kentucky.

Despite sitting as the No. 2 seed in the Midwest Region with a 28-8 record and 2013 Final Four pedigree, Michigan is a 2-point underdog to No. 8 seed Kentucky in the Elite Eight.

The Wildcats are coming off a wild 74-69 victory over in-state rival Louisville, the region's No. 4 seed, while U-M held off a feverish late comeback by 11th-seeded Tennessee to advance with a 73-71 win on Friday.

The Wolverines and Wildcats are slated for a 5:05 p.m., tip-off on Sunday (TV: CBS) at Lucas Oil Stadium.

Updated odds to win the national championship now list Michigan at 8-to-1 odds to claim the title at Cowboys Stadium in Arlington, Texas, next week, according to the Las Vegas Hilton.

Kentucky, meanwhile, holds 5-to-1 odds. Of the eight teams remaining in the NCAA tournament, that ranks fourth-best.

Florida: 9/4
Arizona: 7/2
Michigan State: 7/2
Kentucky: 5/1
Wisconsin: 7/1
Michigan: 8/1
Connecticut: 18/1
Dayton: 50/1

Kentucky is 27-10 overall and reached the Elite Eight with wins over No. 9 seed Kansas State and top-seeded Wichita State, in addition to Louisville.