How to bet on March Madness: 3 weeks worth of betting!

Betting on March Madness is one of the most popular things to do every year in March. The NCAA Division I Men's Basketball Tournament is one of the most expected college sports events in North America and this year sixty-eight different teams will participate to decide who the top dog in men's college basketball is this season. Let's see how you can bet on March Madness and where. See also our CBB Expert Picks & Predictions for March Madness

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Where to Bet on March Madness in the USA?

There are several good places you can choose to bet on the March Madness 2022 this year and thanks to the legislation procedures across multiple states, there are more than a few places you can do that in all the states where sports betting is legal across the USA. Below, you can see our top sportsbook choices for betting on March Madness this year.

BetMGM

BetMGM is one of the most popular platforms in America and it offers customers a $1,000 risk-free wager if they register to the platform. The sportsbook also has a few popular betting features, like edit bet, cash out, and live streaming. You will most likely have access to college sports and March Madness bets if they are legal in the state, they operate in. Right now, you can find BetMGM either online or in a retail location in NY, NJ, CO, DC, IA, IN, MI, NV, TN, PA, WV, VA, IA, and WY. See BetMGM March Madness offer

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Caesars

Caesars offers all new customers up to $1,100 in first bet insurance and they are currently available in LA, NV, AZ, IN, IL, LA, IA, MD, MI, CO, NJ, NY, VA, WV, NC, NV, and Washington DC. Their platform offers customers a user-friendly site and mobile app with excellent customer support. You can also find popular betting features, like cash out or live scores on the platform. See Caesars March Madness offer

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BetRivers

BetRivers is currently available in eleven US states and if you don't have an account, you can sign up and receive a 100% first deposit match up to $250. New customers in CO, AZ, NY, IL, IN, IA, LA, VA, MI, PA, and WV can enjoy this offer and the many betting options available on it. You can also find a great rewards program and promos for existing customers.

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FanDuel

FanDuel is one of the first and most popular online betting platforms in the USA. They are also available in retail locations across multiple states. You can find them either online or offline in AZ, NY, CO, NJ, IL, CT, IA, IN, LA, MI, PA, TN, VA, and WV. They offer multiple betting features, like the same game parlay and their promotions for existing customers are one of the best in the country.

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DraftKings

DraftKings is available in multiple states across the USA, including AZ, CO, CT, IL, IN, IA, LA, MI, NH, NJ, NY, OR, PA, TN, VA, WV, and WY. Despite sports betting laws being created every day, DraftKings isn't available in eleven more states where some form of sports betting is at least legal. The bookmaker provides new customers with a $1,000 deposit bonus and a $50 free bet. The platform has one of the widest arrays of betting markets available and the betting features there are also more than a few.

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How to Bet on March Madness During the 2022 Season?

Betting on March Madness isn't any different from other basketball tournaments. The markets for the individual games range from Totals to Point Spreads and Moneylines among other less popular choices. Below, you can read about the different types of betting markets you might encounter for the tournament and how to bet on March Madness using these markets.

Point Spreads

Point spreads are the most popular bet types on this side of the pond and give the underdog an advantage while giving the favorite a disadvantage. If you bet on the favorite, they need to cover the spread for you to win your wager. On the other hand, if you bet on the underdog, they need to either win or lose by a specific number of points for you to win your wager.

Moneyline

Moneylines are as straightforward as they come because the only thing you need to do to win the bet is to pick the winning team. Typically, the payout with these types of wagers isn't as large as spreads, so they aren't that popular in the USA, but some customers still prefer them.

Totals

Betting on the totals means that you have to bet on how many total points there will be during the whole game no matter who scored them. There are also specific total markets for each of the teams’ points on some sportsbooks, but the most popular one is total points for the game scored by both teams.

Bracket Betting

Bracket wagering is one of the most popular types of wagers you can choose to bet on March Madness this year. Essentially, after the brackets are released, you will need to enter a to bet on the brackets by giving an initial fee, which is determined by the bookmaker. After that, you need to pick the winners of every bracket in the tournament up to and including the tournament winner. The final winner will be chosen at the end of the season and it would be the person with the highest scored points.

Points are given to you if you have correctly chosen the winner of the bracket, but the number of points you receive for each round is determined by the sportsbook. For example, you might receive only two points for the matches up to and including the Sweet Sixteen, but receive four points per correct guess in the matches from the Final Four onwards. Once you find the sportsbook you like best, you will see the exact rules and points awarded for each round of the bracket betting for March Madness this year.

Same Game Parlays

Some bookmakers might introduce the same game parlay feature, as well. It isn't available everywhere and FanDuel is the most popular platform that offers this type of wager. Also, it might not be available for basketball games in every sportsbook it is offered. You need to check and see if your sportsbook offers this feature and if it will be available for March Madness games. Essentially, with this feature, you can combine multiple selections from the same game into a single parlay. The odds will be calculated automatically, so you won't have to worry about this.

Prop Bets

Prop bets, which are also called proposition bets, don't have anything to do with the outcome of the game or the score. They are specific bets on an event that might or might not occur during the match. Keep in mind that these bets aren't available in all US states because in some they aren't legal. Especially when talking about prop bets on college sports, which makes the pool of sportsbook choices even smaller.

Futures

Betting on futures means that you are betting on an event in the far future, which is sometimes an award winner, like season MVP or a tournament winner. You can even place these bets before the season begins. The earlier you place these bets, the better the odds would be. If you place them right before the market closes, the odds might not be as good as if they would have been if you placed the wager months in advance.

How to Read the Odds in American Sportsbooks?

Reading the odds is something all seasoned bettors should be familiar with. The American style odds look something like this:

  • Team A +125
  • Team B -130

The positive odds are usually reserved for the underdogs and the negative odds label the favorites. The positive odds are the number you will receive if you place a $100 wager on the game and the negative odds represent how much you need to place on the match to win $100. For example, we will use the same odds as in the example, so you can understand. If you decide to place a bet on the underdog (Team B), you will need to place $130 on them and if they win, you will receive a total payout of $230, including your initial stake. If you decide to place a bet on the favorites, you will win $225 (your initial stake of $100 + $125 winnings) if you place a $100 wager on them. Find out more on the odds on our March Madness Odds.

How to Bet on March Madness: FAQs

When can I start betting on brackets on March Madness?

Bookmakers will release the rules for bracket betting once the brackets for March Madness are released.

How old do I have to be to place bets on March Madness?

Many US states allow anyone who is 21 years old or older to place bets on March Madness, but in some states, like New Hampshire, Washington, Rhode Island, and Montana the age is 18 or older.

Can I bet on offshore sportsbooks on March Madness?

Technically, you can but we don't recommend it. Sports betting is legal in many US states and you can find a licensed sportsbook to practice it without any danger to your funds or data.

When does March Madness start?

The first matches will be played on March 15th, 2022.

When is the tournament going to end?

The final championship game will be played on April 4th, 2022.

 

See also : March Madness Upset Predictions 2022: What can go wrong for the favorites?