This is by far the highest odds I've seen yet at 68/1. It was 70/1 and dropped but every other site has them at 25/1 or 35/1. If you like Michigan like I do bet them on 5Dimes for the most bang for your buck!
Yes Kansas is great, but Michigan beat #1 Kansas in 2013 and VCU beat #1 Kansas in 2011 so anything can happen. Kansas has been a late season choke machine over the past 6 or so years. It's a LONG shot yes, but 68/1 odds is a lot. Other sites are offering 25-40 to 1 odds.
Even if they were to go 3-0, they still gotta beat UCLA/Zona/Nova/Duke/UNC/etc. I don't see them winning it all or even coming close enough for a hedging opportunity.