Read our article and discover something more about this year’s March Madness betting opportunities.
One of the biggest, most exciting and most popular event of the college basketball has been played once a year since 1939.
We can hardly wait to see the 68 teams that will compete in seven rounds for the national championship.
At the early days, in 1939, the first NCAA Division I men’s basketball tournament counted just eight teams. However, the number of teams that participate grew bigger throughout the years.
Let’s take a look at what’s going on for 2020, but first of all, let’s recall the structure of the tournament itself.
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March Madness Bets
The NCAA Men’s Basketball Tournament is more commonly known as March Madness, and it is one of the biggest sporting events of the year. The event spans over the course of three weeks each spring and is always one of the most exciting times for sports fans.
March Madness also means a great time to bet on the games, and that is what we are going to discuss in this article.
March Madness betting means different things for different people, but it’s always in reference to March Madness odds and March Madness picks. There are different ways to bet on each individual game, as well as different ways to bet on the tournament.
We will break down some of the top betting types in this article, as well as some of the best ways to bet on March Madness.
You don’t have to follow college basketball all season long to make some bets on the March Madness tournament. There is always some luck involved in betting on March Madness, but there are some strategies to keep in mind, and some tips to help guide your choices.
Let’s start breaking some of them down in an effort to improve your March Madness predictions and help you make some great wins.
Best Ways to Bet on March Madness
One of the main reasons that March Madness is so popular is the fact that a large portion of the country engages in some form of betting on the games. There are plenty of ways to bet on March Madness, but we will talk about three of the biggest ways to be below.
You know about some of the different types of bets that are available on the NCAA Tournament, but now you need to know where to make these bets.
Office Bracket Pools:
One of the most common ways to bet on March Madness is an office bracket pool. This might have started out as a small competition between buddies in the office, but now there are huge pools that can win you some serious money. It can be quite difficult to make a March Madness bracket.
Forming your own bracket pool with some of your closest friends or family is another great way to add some excitement and intrigue to the tournament.
Each pool will come with its own set of “rules,” but the premise is still the same for all of them. Each participant will fill out a March Madness bracket before the tournament begins, and points will be awarded for each game that you are able to correctly predict.
Bracket pools are popular with basketball and non-basketball fans alike, and there is definitely some luck involved. You can do all of the research that you want, but this tournament is called “March Madness” because of the great number of upsets that occur each year.
If you plan on doing any betting on the March Madness tournament, make sure that you join some sort of bracket pool. It doesn’t take much time, and it keeps things fun and interesting throughout the month of March.
Online betting has become one of the most popular ways to bet on sports, and that includes betting on the March Madness tournament. Online betting is now legal in several states in the United States, please confirm the legality in your state.
If you plan on betting on the March Madness tournament online, then the first step is to find a basketball betting app that is legal and find one that has great betting options on the NCAA Tournament.
States that have legalized online betting will have a list of licensed sportsbooks that are able to take bets on the March Madness tournament. If you live in a state that has not yet legalized sports betting, then you can always find an offshore sportsbook to take your bets.
Online betting, or betting on your mobile device, is a quick and easy way to get in on the action.
If you are lucky enough to live in a state that has legalized sports betting, then visiting a retail sportsbook might be the best place to bet on the tournament. Retail sportsbooks provide a great atmosphere to watch all of the games while betting on them, and they are worth checking out.
They will offer plenty of betting options for every game of the tournament, giving you a number of different ways to win some money.
If you live in a state that has not legalized sports betting, then you could always travel to another state or the “Mecca” of sports betting. Las Vegas is an extremely popular city to visit all year round, but it’s especially fun to go visit in March.
Las Vegas will have all of your March Madness betting needs as well as other entertainment options during the downtimes.
Tips For March Madness Betting
There are a lot of small things you can look for during this tournament season to improve your odds.
Look For Underdogs:
Everyone loves a good underdog story, and Cinderella teams are what make the March Madness tournament extremely popular. Underdogs are going to show up every tournament, and you should take some underdogs in your bets.
Upsets Will Happen:
Don’t be discouraged if your Final Four choice loses in the first round because upsets happen every single year. You just need to hope that upsets don’t happen to all of your top picks, but there is always that chance.
Look at Location:
The NCAA Tournament is played around the country, and certain teams will get to play close to their campus. Be sure to look at the bracket and find the teams that are playing closest to home.
Blue Bloods Win In March:
The top college basketball programs are known as “Blue Bloods,” and they are usually a safe bet to make in March. Blue Blood programs don’t always win the NCAA Tournament, but they usually don’t bow out early either.
Types of Bets
If you plan on betting on the March Madness tournament, then you need to make sure that you understand all of the bets that are available for you. This could be confusing for someone that doesn’t do a ton of sports betting, but remember that there is always the option to simply fill out a bracket.
Let’s take a look at some of the best betting types, and hopefully, you will be able to find one that works for you.
A future bet is a bet that is placed on an outcome that will happen at some point at a later date. Future bets are usually available several months ahead of the NCAA Tournament and generally center around who will win the upcoming March Madness Tournament.
Some sportsbooks will also take bets on which team will reach the Final Four, and others will take bets on different things when the brackets are revealed.
If you are someone that feels very strongly about a certain team and their ability to cut down the nets, then it might be wise to make a future bet. The odds are constantly changing with a future bet, but there is an opportunity to win some great money if you are able to nail a pick.
If you would rather focus on each individual game of the March Madness tournament, then a moneyline bet is a great place to start. Placing a moneyline bet might not net you a ton of money, but the process is pretty simple and easy to understand.
All you need to do for this type of bet is to pick the winner of a certain game.
The team that is favored to win (Usually the higher seed) will have better odds to win that game, and the payout will be less. Picking an underdog team to win a particular game could be very profitable, but it also comes with some obvious risks.
The most common type of bet that is placed on a basketball game is what is called a point spread bet. This bet requires you to pick the winner of a certain matchup in relation to the spread of the final score.
Sportsbooks will set the March Madness point spread, which basically is found based on the probability of a certain outcome to occur. The favorite to win each game will be listed with a minus sign in front of a certain number. That number is the number of points that they believe the favorite will win by.
The underdog in each matchup will have a plus sign in front of a number. The underdog will need to lose by less than that number to win the bet.
This type of bet does not require you to pick the winner or loser of each game, but you will need to pick how close the outcome will be.
Over/Under or Total Betting:
An over/under bet is commonly referred to as a “total” bet. This type of bet only deals with the number of total points scored in a certain game, and March Madness over unders do not matter who wins or loses, or by how much.
Some bettors prefer this type of bet because it allows them to focus on the number of total points instead of trying to determine the outcome.
How to place a bet on March Madness?
Given the fact that March Madness is the most important event for the American college teams, most of the online sportsbooks already provide an opportunity to bet on March Madness.
If you fancy early betting, now it’s the right time to pick your favorites and place a bet. However, before placing a bet you should know that the online sports betting is not allowed in all the states of the USA, and in order to access a sports betting platform, you must be at least 21 years old.
In order to place a bet on March Madness, find an appropriate online sportsbook, make your selection(s), enter your stake and we’ll wait to see what will happen. Good luck!
About The NCAA Division I Basketball Tournament
As we mentioned above, 68 teams participate in this tournament. That’s why it’s not quite easy to predict the outcomes of the matches.
Pretty often the March Madness is full of surprises. For example, last year a few Cinderellas made it and would’ve been good bets in the Final Four. This is precisely why March Madness odds can vary greatly before and during the tournament.
There are simply plenty of surprises that can occur.
The Final Four is the fifth and penultimate round of the tournament. It’s basically the semi-final of the event, and ultimately the winners get a chance to play in the championship game.
Other important notions worth mentioning is Sweet 16 betting. This is the third round and then the winner this stages means you then have the chance for Elite 8 betting. The four winners enter the Final Four and you can do Final Four betting then.
On the other hand, Cinderella is a team that ends up with a much bigger success than expected. If the last year Cinderellas made it to the semifinal, you can see how even the biggest favorites could be brought down by some unknown talents.
Anyhow, lines might shift all the way during the event too, but right from the beginning, there are certain favorites and strong assumptions about some teams for March Madness Finals betting.
The stats and analysis of teams’ performance play a pretty big role in determining the odds, and before that even in picking up the 36 teams that have the pedigree to enter the tournament.
As you probably know there are two different ways for a team to enter the NCAA tournament. Thirty-two teams enter the March Madness automatically, by winning their conference tournament regardless of their performance over the season.
As automatic qualifiers, all the winners of the 32 Division I conferences are eligible for the NCAA. The remaining 36 teams are selected by the Selection Committee that convenes on Selection Sunday. This year the Selection Sunday will be held on March 15.