How To Bet On March Madness

The March Madness betting tournament takes place annually every March and features over 68 teams battling for the opportunity to be named as National Champion for that season. While 68 teams start the tournament, it’s fair to assume in the sports betting world, that the tournament truly begins at the round of 16 stage. For the sports bettor unfamiliar with how to bet on the March Madness tournament, here is a guide on how to do so.

March Madness betting is similar to college basketball wagering, in that handicappers can use the point spread, money line and totals on each game. Today we will look at how to bet on March Madness and pass along some tips when using each method. The one method we will be looking at is the point spreads line.

1. Point Spread – The point spread is an advantage created by the sportsbook to make the underdog look more appealing. Essentially, when you play the point spread, your goal is to bet on whether you believe the favorite will win by the amount of points set up in the spread. Tip: In a game featuring seeds 5 to 12, you should take the underdog to cover the point spread because the teams seeded within these numbers are closer in skill level than those teams seeded one and 16 and onwards. Here is how it appears.

BYU

Florida +10

In this example, BYU is the favorite and bettors taking them on the point spread need the Cougars to win the game by 11 or more points. However, we suggest you take Florida in this matchup to cover the point spread, as they have a good defense and high scoring offense. Meaning to say, if you take Florida on the point spread, you need the Gators to lose the game by nine of more points, or win the game outright.