It’s that time of year again when college basketball hits the postseason, and you’re ready to place your bets on March Madness. The country’s top sportsbooks are offering various promotions, deals, and more to attract new users and showcase the latest March Madness odds. Here’s what you need to know about the best March Madness betting sites available.
Best Sportsbooks to Bet March Madness Online
The top sportsbooks will have lines, odds, promotions, and more bets for the NCAA college basketball tournament. Here are some of the top sportsbooks and offers to take a look at for the big dance.
BetMGM
BetMGM is one of the major players in the sports betting industry and one of the best online sportsbooks. You’ll find BetMGM has live betting, competitive odds, a smooth interface, and more when betting on your favorite college basketball teams.
DraftKings
DraftKings is a great sports betting option with plenty of betting options and an easy user interface. It’s a solid option for college basketball bettors. Promotions in the past at DraftKings have included bonus bets and a deposit bonus. It’s a great option for your March Madness betting.
FanDuel
FanDuel Sportsbook is widely considered one of the top sportsbooks available, with a reputation for offering live betting options. Its introduction of the same-game parlay has had a significant impact on the industry, inspiring other sportsbooks to follow suit. This feature allows sports bettors to combine multiple picks into a single bet for the same game, providing the opportunity to win big.
Caesars
Caesars has a tremendous rewards program, solid betting odds, and a strong sports betting app for users. In the rewards program, you can earn points for placing bets on the platform. These can be redeemed for rewards and bonuses.
PointsBet
The PointsBet Sportsbook has made a name for itself with some unique betting options that separate the book from its competition. Users can participate in what is called “Points Betting.” You can earn more money than the traditional -110 college basketball odds on point spread bets.
BetRivers
BetRivers is making moves with its live betting, live streaming, and early cashouts. The sportsbook also has an iRush Rewards system where you can get rewards for online betting. The sportsbook has had promotions such as 2nd Chance Bets to get new users to sign up with a bonus.
Betfred
After you fill out your March Madness bracket, you can check out Betfred to bet on the NCAA Tournament. The sportsbook has solid college basketball betting with features that include live betting and early cashouts for select markets.
How to Sign Up and Bet on March Madness Online
To get started with March Madness betting, the first step is to sign up for a sportsbook. During the sign-up process, you’ll need to enter your personal information and allow geolocation tracking to confirm that you’re in a legal sports betting state. Comparing sportsbooks is also crucial to finding the best promotions, odds, betting markets, and features that suit your betting strategy.
Once you’ve signed up for a sportsbook, be sure to check for available promotions. Promo codes may be automatically claimed or require you to enter a specific code. It’s important to read the terms and conditions carefully, as some promotions may require a qualifying bet or minimum deposit to unlock bonus bets.
Understanding how the promotion works is also crucial before placing your bets. Some promotions are game-specific, while others may offer a percentage-based deposit match bonus. For example, if a sportsbook offers a 25% deposit match bonus and you deposit $100, you’ll receive $25 in bonus bets.
When you’re ready to place your first bet, take your time to find the wager that best suits you. Add it to your bet slip and place your bets through the sports betting site or March Madness betting apps. With these tips in mind, you’ll be well on your way to enjoying March Madness and having a successful betting experience.
NCAA March Madness Bet Types and Odds
There is a long list of bet types and markets you will find with an online sportsbook and mobile betting. Here are a few of the bet types you will see when you check out betting sites for the March Madness tournament.
Moneyline
A moneyline bet is when you place a wager on a team to win the game. It’s pretty simple. Pick the team you believe will win. It’s one of the easiest types of bets to understand. Scan the March Madness games, check the odds, and bet on a team to win.
Moneyline bets have odds that are negative for favorites and positive for the underdog. For example, you see a 2023 March Madness game between Texas Tech and Cal. Texas Tech is a -250 favorite. This means you would need to bet $250 on Texas Tech to win $100.
Total
A total bet is also called an over/under. You are betting on the total number of points scored by both teams combined. A sportsbook will set a total line and you can bet whether the teams will score over or under that market.
For example, you want to get in on the betting action for a college basketball game. You see the total for the Kentucky-Alabama game is 140.5 points. You place a bet on the over. That means you need 141 points or more scored in the game to win. If the game ended 71-70, your bet would win because that’s 141 total points.
Point Spread
A point spread bet is looking at the margin of victory or defeat in a given game. The favorite is given a point total they are expected to win by. The point spread for a favorite is listed as a negative. This means the team has to win by more than the point spread to cover. It’s an extremely popular bet type on online betting sites.
For example, you are ready to bet on a game in the NCAA Division I Tournament. You see Kansas State is a -6.5 favorite. If you bet on Kansas State, they have to win by seven points or more to cover the spread and for you to win the bet. The odds for a spread bet are usually around -110 on both sides.
Prop Bets
A prop bet is a type of wager that focuses on a specific outcome within a game. It’s important to note that the outcome may not necessarily be tied to the final result of the game. Many people find these bets more enjoyable since they offer a unique way to engage with the game.
Sportsbooks offer a wide range of March Madness prop bets, including outcomes for players, teams, and specific game events. You can bet on a variety of outcomes, such as which player will score the most points, who will have the most rebounds, which team will reach 15 points first, and more.
Futures
A futures bet is a wager on an event taking place down the road. For college basketball, you can bet on which team will win the National Championship at any point throughout the year. There are also March Madness futures.
The odds are constantly changing based on what is happening during the season. Another common futures bet is betting on a team to reach the Final Four.
Live Betting
In recent years, in-game betting has become increasingly popular among sports bettors. This type of betting allows you to keep track of the action and place wagers on what’s happening in real time. Top online sports betting sites offer long lists of odds and markets for in-game betting, with the odds and lines changing quickly based on the action.
Online Sports Betting Promos and Bonuses
There is no shortage of March Madness promotions and offers from sportsbooks. Sportsbooks have these offers to entice new users to sign up for their platform. There are common bonuses and offers you will see as you try to cash in on March Madness betting. Here are a few you will see when you get set to bet on March Madness.
Bonus Bets
College basketball betting sites often offer bonus bets as part of their promotions for new users. These types of promotions are easy to understand and typically require no deposit of your own money. With bonus bets, you can take more risks with your wagers without the worry of losing your own money if the bet doesn’t win.
It’s important to note that bonus bets may only be valid for specific markets or events in some cases. However, in most cases, you can use them on any market you want, as long as you meet certain minimum odds requirements. This flexibility allows you to use your bonus bets in a way that best fits your betting strategy.
Overall, bonus bets are a great way to maximize your college basketball betting experience. They allow you to take more chances without putting your own money on the line, making it easier to enjoy the excitement of the tournament. Just be sure to read the terms and conditions of each bonus offer, so you know exactly how and where to use your bonus bets.
First Bet Insurance
Sportsbooks use different terms to refer to a type of bet that covers your first bet if you lose. These terms include No Sweat First Bet, Second Chance Bet, First Bet Insurance, and more. Despite the different names, they all mean the same thing: you’ll receive betting credit to cover your first bet’s loss.
Bet insurance is a common tool used by betting sites to entice new customers. With this feature, you can continue betting even if your first wager doesn’t win, giving you a second chance to win big. So if you’re hesitant to place your first bet, bet insurance can provide the peace of mind you need to take that first step.
Deposit Match
Deposit-match bonuses are a popular signup bonus when joining online betting sites. This type of bonus works by matching the amount of your initial deposit with bonus money. For example, if you deposit $100, the betting site may provide you 25 percent of the amount in bonus funds for you to use when placing bets.
It’s worth noting that there is typically a limit on the amount of bonus money you can receive from the betting site. Additionally, the bonus money often comes with rollover requirements, meaning you must place a certain number of bets before you can withdraw the bonus money.
Odds Boost
Although not as common as other promotions like bonus bets or deposit bonuses, odds boost offers are still valuable tools for increasing your profits when betting. These offers involve betting sites increasing the odds of a particular market or selection, giving you a better chance to win big.
Odds boosts are highly valuable because they allow you to receive much better odds on a line than you previously received, giving you more value for your bets. So if you’re looking to increase your potential profits when betting, be sure to keep an eye out for odds boost offers from your preferred betting sites.
Betting and March Madness Bracket Contests
If you’re interested in participating in a March Madness bracket challenge, popular sites like ESPN, Yahoo, or CBS offer these types of challenges. However, it’s important to note that bracket challenges differ from betting with sportsbooks.
With a March Madness sportsbook, you’ll have access to individual game betting lines, allowing you to bet on outcomes like which team will win, how many points will be scored, which team scores the first basket, and more. It’s much more than simply picking a team to advance in the bracket.
Many March Madness bracket challenges are free to enter, while on a sportsbook, you’ll need to bet your own money or use available March Madness bonus bets. Although there may be some betting opportunities when filling out a bracket on a sportsbook, it’s important to keep in mind that it will differ from the traditional NCAA Tournament bracket found on popular bracket challenge sites.
Wrap-Up: Top March Madness Betting Sites
One of the best things about online sports betting is the variety of options available for March Madness betting. To find the best March Madness betting site that fits your strategy, take the time to compare legal March Madness betting sites, including odds, lines, features, promotions, and more.
Researching for the best odds and value possible is crucial when signing up for a particular sportsbook. It’s recommended to sign up for a couple and take advantage of offers and promotions.
When placing bets during March Madness, it’s important to use legal and regulated sportsbooks that have been vetted and are secure. This ensures your personal information is safe and that you have the best possible shot at placing successful bets during online March Madness betting.
Remember to have a March Madness betting strategy and take your time to learn about what the sportsbooks have to offer. Although March Madness is one of the best betting times of the year, it’s important not to go overboard and bet on every game. Be smart with your NCAA Tournament bets to give yourself a better chance of winning.
Best March Madness Betting Sites FAQs
Where can I find the best betting odds for March Madness?
One of the best ways is to compare sportsbooks for March Madness betting. Compare the odds and lines so you can get the most value from your bets. When March Madness online betting, you might see one sportsbook has a team as a +130 underdog while another is +150. This is how you can get value more value out of your bets.
Do online sportsbooks offer promotions for the NCAA basketball tournament?
Yes. You will usually find promotions and offers surrounding the tournament. Check the March Madness betting sites 2023 offers for more info and a way to get bonus bets and more to start placing wagers.
What are the best online sportsbooks where I can bet on March Madness?
If you want to find the best bets, you can check out sportsbooks such as BetMGM, DraftKings, FanDuel, Caesars, and more. They take NACA Tournament bets and have a long list of March Madness betting lines.
Is online sports betting and filling out a March Madness bracket the same?
No. Sportsbooks have odds and lines on many different aspects of the game to wager on. For a bracket challenge, you are just picking the winner of each game for the bracket. Also, many bracket challenges are free while online betting costs money from your own pocket.
Can I bet on college basketball in every state?
No. Some states do not have legal sports betting while others might have restrictions on betting on in-state college teams.
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