We’ve created this handy guide that tells you all you need to know about March Madness betting odds. Essential for anyone who wants to bet on this iconic college basketball tournament.
Not only will we tell you how NCAA March Madness betting odds work, but we’ve found some sportsbooks who can be counted on for your basketball bets. Plus with our picks for who could win this tournament, you’ll know exactly which NCAA basketball March Madness odds to bet on.
Betting odds simply refer to the likelihood of something happening, and therefore March Madness betting odds refers to something happening in the NCAA Division I college basketball tournament.
It could be something as simple as the likelihood of Houston Cougars beating Gonzaga Bulldogs in the Final Four, or even a specific player like Drew Timme scoring a certain number of points.
You’ll be betting on these odds with a real money stake. If your prediction is wrong, you’ll lose your stake. However, if your prediction is right, you will win back your stake as well as returns that are determined by the odds.
Sportsbooks typically display their odds in a numerical format with either a minus sign for the favorite and a plus sign for the underdog. So if you see a team with -200 odds, they will have a better chance of winning than a team with +200 odds.
Such odds also determine what kinds of payouts you get should you win your bet. For example, when wagering on +200 odds, you would have to bet $200 to get $100 back. Conversely, but when betting on -200 odds, you would receive $200 by winning a bet of $100.
From this we can see that you will get better returns by backing the riskier odds, but more chances of winning when backing the favorites.
Let’s take an example from last year’s NCAA Championship game. It featured the number-one ranked NCAA team, Kansas Jayhawks, taking on the eighth-ranked team, North Carolina.
As they were the favorites, Kansas had money line odds of -190 odds to win the game outright. This means that you would have to bet $190 to get $100 back.
Conversely, North Carolina went into the game as underdogs and this gave them money line odds of +155 to win the game. This meant that if you wagered $100 and North Carolina won, you would win $155.
As things turned out Kansas won the game 72-69 which meant that the favorites won that year’s March Madness.
The good news is that you will always get lots of different odds for March Madness. Here are just some of the different lines that you can expect to bet on:
All good online sportsbooks will give you live betting odds for each game at March Madness. This is where you get to bet live on the action after the game has already begun.
The live betting odds will be constantly changing in correspondence to the live action and it can be a great way of opening up some extra value as well as providing even more entertainment. Don’t forget to use the cash out option if you want to settle your bets early before anything goes horribly wrong.
Each of the sportsbooks featured on this page will be more than capable of giving you the best betting odds for March Madness. This is because the NCAA Division I tournament is easily one of the biggest highlights of the sporting calendar and lots of people will want to bet on the action.
The fact that so many people want to bet on March Madness will mean that many sportsbooks will lower their betting margins for certain games in the tournament. This has the effect of making the odds much more competitive which is good news for bettors as it means that they’ll get more returns from their winning bets.
All of this is a good reason why it’s smart to shop around different sportsbooks to see who has the best odds for the game that you want to bet on. But by visiting any of the sportsbooks featured in the banners of this page, you’ll be sure of getting competitive and fair odds from safe and legal sportsbooks.
March Madness is usually won by one of the teams with the best NCAA rankings. So think about betting on these teams if you want to win your bets:
Of course, there is always the chance that one of the underdogs could cause a big shock in this year’s March Madness. Here are some sleeper picks to consider for betting on whether they can reach certain rounds like the Final Four and Elite Eight:
You can go from making your March Madness predictions to betting on the sportsbook odds in just a matter of minutes. Here’s what you need to do:
We should also mention the fact that many online sportsbooks will put on odds boosts for certain games in March Madness. This is where the odds are simply enhanced for specific markets.
For example, a sportsbook might boost its odds for Oklahoma State Cowboys to beat Missouri Tigers from -200 to -150. This will simply give you more returns with no strings attached. Just remember that many of these odds boost deals will tend to push you out of your comfort zone.
Betting on sportsbook odds is all about understanding risk and balancing this out with the potential rewards of winning your bets. So here are a few tips to get your started when betting on March Madness odds:
It’s essential that you know the past form each team involved in your bet. For example, Houston Cougars are currently on a nine game winning streak which means that they have a good chance of beating most opposition.
Don’t get stuck in just making bets on the overall game winner. Not that there’s anything wrong with just betting on the money line, just that alternative betting markets like totals and player props can frequently throw up more variance in the odds.
Let’s say that you wanted to bet on a strong team like Baylor Bears to beat a relative underdog like Rutgers. If you bet on the Bears prematch you might not get very good odds, but just by waiting a few minutes into the game, you might find that the live betting odds had lengthened.
Finally, it’s important to note that March Madness is notoriously risky and so you should always set yourself a budget before betting - even if it's on a favorite with short odds. By doing this, you can suffer that big upset without it causing you any financial problems.
We’ve shown you that betting odds for March madness are actually pretty easy to understand and that there are lots of great sportsbooks who’ll give you a fair price for your basketball bets. Plus with the help of our March Madness predictions odds like these won’t be so mysterious and you’ll know exactly who to bet on.
Of course, we have to remember that the NCAA March Madness betting odds will be constantly changing throughout the whole tournament. So check back to our regularly updated guide to make sure that you’re always playing with the best NCAA betting odds for March Madness.
Make sure that you read our guide to see who has the best NCAA March Madness betting odds for winning this epic tournament. Don’t forget that we’ll also give you our March Madness picks so that you can bet on college basketball with confidence.
Take a look at our guide to see who has the shortest March Madness betting odds to reach the Final Four. Once you’ve done this you can check out our guide to March Madness Finals gambling to see who are the favorites to win the competition overall.
We’ve prepared a guide that tells you all you need to know about NCAA basketball Madness odds. This means letting you see what NCAA basketball futures mean and we can show you where to get some great March Madness betting apps while we are at it.
Our guide tells you all you need to know about NCAA March Madness betting odds. From seeing the odds for the favorites to win to revealing our March Madness sleeper picks, it’ll all take your college basketball bets to the next level.
We’ve created a thorough guide to NCAA basketball March Madness odds that’ll give you the lowdown on who to bet on in the First Round. Plus at the other end of the scale we’ve even got a dedicated guide to March Madness Final 4 gambling.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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