March Madness Betting: A Beginner’s Guide
March Madness is upon us, and if you are new to betting on this annual event then you might be wondering where to start. We are slowly getting back to normal after the pandemic and we all need a little bit of madness to lighten up our year.
To make things even more dynamic amidst all the hype surrounding this madness – you can add sports betting to the mix. Make sure to check on the stats march madness has and keep your pace with everything since it is going to be a wild ride!
Last year the prediction was that around 47.4 million American adults would bet on March Madness, which topped the 2019 prediction that was around 47 million. This year we will move the boundaries even further.
This article breaks down all the basics that you need to know so that March Madness can become profitable for all seasons to come!
What is March Madness?
March Madness is one of the most favorite tournaments of the year. It takes place in March and we have 68 great teams ready. The competition was never this harsh so it means that there are dynamic three weeks ahead of us.
The games are played over 3 weeks and each team plays up to 4 games each week. The top two teams from each region will then play in the Final Four match-up on April 2nd or 4th. This year the final match will be held in New Orleans, Louisiana.
You can enjoy all the games on CBS which have an exclusive broadcasting deal.
How to bet on the NCAA Tournament
The number one thing to remember is that the team with the highest seeding is not always going to win.
That’s why it can be helpful to identify situations where a lower-seeded team has an advantage over a higher seed. In some cases, these advantages can be found in where the team is located or their matchup history.
The advantage for teams located close by for tournament games can be huge because it will give them an opportunity to travel less and have a better chance of making it to the finals.
When it comes to online betting – you can choose from the following options:
- Moneyline – pick your favorite team to win, straight up.
- Totals – You place a bet on the final score – whether it would be under or over the score that is set by the oddsmakers.
- Point Spread – choosing your favorite team for the win with the number of points specifically specified by the oddsmakers.
- Prop betting – is about placing bets that are related to player stats and brackets. For example field goals, rebounds, etc.
- Futures – you can indeed predict the future when it comes to betting – if you are an early bird you can bet even months before the tournament.
- Live betting – for the brave ones, you can place a bet while the game is unfolding right before your eyes.
- Parlays – you can place multiple bets on a single ticket.
Predicting which teams have the best chance of pulling off an upset is critical. And the factors are numerous because you need to know the style of play, you need to be up to date with current events when it comes to transfers.
There’s always a team or two who wins a few games that many people believe is a one-and-done program in the tournament. Projecting the total final score based on various factors such as the last few games’ performances or how they played against similar opponents can help you put two and two together. If you find a detail that seems to be a value, then bet on that.