[M T]

Stanford has improved their odds according to Ceasar’s sports book, now higher than UCONN (as of yesterday):

I think this means the betting public has increased Stanford's odds.

Agreed.  It's just those that wager have put money down differently (IIUC).
Stanford didn't really "improve" anything. 
So.Carolina did lose between the previous odds and these, and yet their odds improved from 2/1 to 7/4.

[M T]

Stanford has improved their odds according to Ceasar’s sports book, now higher than UCONN (as of yesterday):

I think this means the betting public has increased Stanford's odds.

Agreed.  It's just those that wager have put money down differently (IIUC).
Stanford didn't really "improve" anything. 
So.Carolina did lose between the previous odds and these, and yet their odds improved from 2/1 to 7/4.