March Madness projections give just 20 teams a legitimate shot at winning the NCAA title

Picking your March Madness winner takes a bit of knowledge, a bit of faith and a bit of luck. Some fans have an alma mater to root for, while others make selections based on mascots or team colors. Sometimes the choices are completely random. 

For those fans who have bragging rights or even some money on the line, you may want to pay more attention to how the teams are actually projected to fare. Luckily for us, FiveThirtyEight's predictions update live with each team's chances of winning and advancing to the next round. 

As it stands just ahead of the First Four games, 20 schools seem to have a legitimate shot at the championship. Each of these teams is projected to have at least a one percent chance at reaching the title game -- including No. 6 seeds Florida and Houston. 

Click through below to see the 20 teams with the best chances to win March Madness.

20 PHOTOS
Teams projected to be most successful during March Madness
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Teams projected to be most successful during March Madness

Ohio State

Chances of reaching Final Four: 5%
Chances of reaching championship: 2%
Chances of winning championship: 0.6%

Via FiveThirtyEight

(Photo by Steven Ryan/Getty Images)

Florida

Chances of reaching Final Four: 4%
Chances of reaching championship: 2%
Chances of winning championship: 0.7%

Via FiveThirtyEight

(Photo by Nick Tre. Smith/Icon Sportswire via Getty Images)

Texas Tech

Chances of reaching Final Four: 6%
Chances of reaching championship: 3%
Chances of winning championship: 1%

Via FiveThirtyEight

(Photo by Scott Winters/Icon Sportswire via Getty Images)

Houston

Chances of reaching Final Four: 7%
Chances of reaching championship: 3%
Chances of winning championship: 1%

Via FiveThirtyEight

(Photo by Roy K. Miller/Icon Sportswire via Getty Images)

Arizona

Chances of reaching Final Four: 6%
Chances of reaching championship: 3%
Chances of winning championship: 1%

Via FiveThirtyEight

(Photo by Ethan Miller/Getty Images)

Wichita State

Chances of reaching Final Four: 6%
Chances of reaching championship: 3%
Chances of winning championship: 1%

Via FiveThirtyEight

(Photo by Scott Winters/Icon Sportswire via Getty Images)

Tennessee

Chances of reaching Final Four: 9%
Chances of reaching championship: 4%
Chances of winning championship: 2%

Via FiveThirtyEight

(Photo by Andy Lyons/Getty Images)

Kentucky

Chances of reaching Final Four: 7%
Chances of reaching championship: 4%
Chances of winning championship: 2%

Via FiveThirtyEight

(Photo by Andy Lyons/Getty Images)

West Virginia

Chances of reaching Final Four: 8%
Chances of reaching championship: 4%
Chances of winning championship: 2%

Via FiveThirtyEight

(Photo by Scott Winters/Icon Sportswire via Getty Images)

Michigan

Chances of reaching Final Four: 14%
Chances of reaching championship: 6%
Chances of winning championship: 2%

Via FiveThirtyEight

(Photo by Steven Ryan/Getty Images)

Xavier

Chances of reaching Final Four: 17%
Chances of reaching championship: 7%
Chances of winning championship: 3%

Via FiveThirtyEight

(Photo by Elsa/Getty Images)

Gonzaga

Chances of reaching Final Four: 24%
Chances of reaching championship: 9%
Chances of winning championship: 4%

Via FiveThirtyEight

(Photo by Ethan Miller/Getty Images)

North Carolina

Chances of reaching Final Four: 25%
Chances of reaching championship: 11%
Chances of winning championship: 5%

Via FiveThirtyEight

(Photo by Al Bello/Getty Images)

Purdue

Chances of reaching Final Four: 20%
Chances of reaching championship: 10%
Chances of winning championship: 5%

Via FiveThirtyEight

(Photo by Michael Hickey/Getty Images)

Cincinnati

Chances of reaching Final Four: 23%
Chances of reaching championship: 13%
Chances of winning championship: 6%

Via FiveThirtyEight

(Photo by Roy K. Miller/Icon Sportswire via Getty Images)

Michigan State

Chances of reaching Final Four: 24%
Chances of reaching championship: 12%
Chances of winning championship: 6%

Via FiveThirtyEight

(Photo by Steven Ryan/Getty Images)

Kansas

Chances of reaching Final Four: 32%
Chances of reaching championship: 15%
Chances of winning championship: 8%

Via FiveThirtyEight

(Shane Keyser/Kansas City Star/TNS via Getty Images)

Duke

Chances of reaching Final Four: 29%
Chances of reaching championship: 16%
Chances of winning championship: 10%

Via FiveThirtyEight

(Photo by Abbie Parr/Getty Images)

Villanova

Chances of reaching Final Four: 50%
Chances of reaching championship: 29%
Chances of winning championship: 17%

Via FiveThirtyEight

(Photo by Elsa/Getty Images)

Virginia

Chances of reaching Final Four: 47%
Chances of reaching championship: 32%
Chances of winning championship: 18%

Via FiveThirtyEight

(Photo by John McDonnell/The Washington Post via Getty Images)
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