College basketball fans are ecstatic that March is here as it marks the beginning of the NCAA Basketball tournament. Also known as March Madness, it is an annual tournament to determine the best college basketball team in the U.S. For those who like to gamble, the tournament is a great opportunity to have fun and profit from basketball betting. Thus, here is our Guide to Betting on the NCAA Basketball Tournament.
March Madness betting works just like most basketball games. However, what makes it exciting for many people that have no interest in sports betting is the tournament bracket. This is because a March Madness bracket is made up of 68 teams and is nearly impossible to win. Therefore, with so many teams, people usually have no interest in basketball still enjoy filling out a March Madness bracket.
On the other hand, for sports gamblers, it is more than just wishing to get a perfect tournament bracket. It is also a way to bet on many basketball games in a short period of time.
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Tips for Betting on the NCAA Basketball Tournament
For this basketball betting tutorial, we will not talk about filling out a March Madness bracket. Instead, we will talk about the best bets too make when betting on the Betting on the NCAA Basketball Tournament
Betting against the Odds– Betting on a team with a low ranking to win against the number one team is a waste of money. No matter how attractive the betting odds may be, there is no point in wasting your money. This is because in the tournament history, a number 16 team has only beaten a number 1 team once. While nothing is impossible and history may repeat itself, this is one game where you shold bet on the favorite.
The Major NCAA Conferences almost always win the tournament – For the 2023 NCAA basketball tournament, Thirty-one of the 32 NCAA Division I men’s basketball conferences are competing. While a half-dozen leagues are participating in the tournament there odds of winning are slim. This is because the ACC, Big East, Big Ten, Big 12, Pac-12 and SEC have won the most titles. According to basketball statistics, 32 of 35 titles since 1985 has been one by a Major NCAA Conference league.
Bet on the No. 1 Seed to Make the Elite 8 – For those looking for a solid bet, betting on the No. 1 team to make the Elite 8 is it. This is because in the past 9 years there has only been 2 top rank teams to not make it to the sweet 16 stage.
Top 10 Teams with the Best Betting Odds to Win the 2023 March Madness Tournament
- Houston: +550
- Alabama: +650
- Kansas: +800
- Purdue: +1000
- UCLA: +1200
- Texas: +1400
- UConn: +1600
- Arizona: +1600
- Gonzaga: +1600
- Baylor: +2000
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