March Madness Betting Menu

 

It’s NCAA Tournament time, and we’re here to discuss the huge March Madness betting menu.

Key Points

• There are numerous ways to bet on March Madness.

Each year, millions of sports fans and bettors will wager on the NCAA men’s basketball tournament, commonly known as March Madness. College basketball teams typically finish their regular seasons at the end of February or in early March.

By mid-March, conferences have held their tournaments and have crowned their champions. The NCAA’s selection committee selects 36 at-large teams and adds them to the 32 conference tournament champions to create the 68-team bracket.

The result is a four-week extravaganza full of numerous betting opportunities. What exactly is on the March Madness betting menu?

The Futures Market

From the preseason on, bettors can always look into the futures market and place bets at the best bookmakers. The number of bets will decrease as the season goes on, but one bet that is always available even as March Madness begins is on the national champion.

Getting into the NCAA champion market early offers better odds, but bettors can still find value on some very good teams with the potential to win it all right up until the NCAA tournament begins. 

Bettors can still find No. 1, 2 and 3 seeds priced anywhere from +500 to +2000 before March Madness even tips off. Odds will shorten as teams advance, but bettors can get an idea how a team is playing and eventually pull the trigger.

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Traditional Bets - March Madness Betting

The majority of bets placed during the NCAA tournament will be traditional bets on the moneyline, point spread, or game totals. Moneyline bets are the easiest for recreational bettors or those that only bet on big events like March Madness.

In a moneyline bet, the bettor wagers on a team to win regardless of NCAAB scores. With the number of upsets in the NCAA tournament, finding the right underdog (or underdogs) can be very profitable.

Point spread betting is also popular. It’s important to understand how you win a point spread bet before making the wager. When betting on a favorite, your team must win by a certain number of points for the bet to pay.

For example, if Team A is favored by four points (Team A -4), then Team A must win by five points or more for your bet to cash. Likewise you can win on an underdog if the underdog wins or loses by a certain amount of points.

Using the same example, if Team B wins or loses by three points or less, you are a winner.

March Madness Betting - Prop Bets

Another fun market when looking at March Madness betting is prop bets.

There are all sorts of prop bets such as team props, player props, and other special bets. Some of the more popular team props are the Over/Under on how many points a team will score in a game or which team will score a certain number of points first. The “Race to 20” is an example of this type of prop bet.

Player prop bets are very popular during March Madness. Bettors can place wagers on players point totals, rebound totals, assist totals, and more.

There are numerous ways to bet on March Madness. Because of the annual event’s popularity, the betting menu is large and waiting for bettors of all experience levels to take advantage.

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