Wondering how to bet on March Madness online? Now is the perfect time to learn before the Big Dance kicks off.
NCAA Basketball betting truly heats up with March Madness. College’s basketball preeminent tournament generates more betting action altogether than the Super Bowl.
If you want to get in on the action, check this quick guide to learn the basics to bet on the NCAA tournament through online sportsbooks.
Trusted Sites To Bet On March Madness
How To Bet On March Madness Online (Step By Step)
1. select a sportsbook
Choose one of our recommended March Madness betting sites. All of them offer great bonuses, odds, and payment methods, guaranteeing a top-notch experience.
2. Create An Account
At the online sportsbook’s landing page click the Join or Sign Up button, to open a betting account. Fill the blanks with your data and confirm. Check your email to continue.
3. make a deposit
Now let’s deposit money into your account. Find the cashier or banking section and choose your preferred payment method. Cash App deposits are very popular.
4. claim a welcome bonus
Take advantage of March Madness betting bonuses. Read the terms and conditions of the promotions to understand how they work and what you need to do to cash them out.
5. Find the Best Bets
On your betting site, browse through the menu and find the NCAA Basketball or March Madness section. Analyze the options and pick the bets you consider potential winners.
6. place your bets
Double-check all the information about your bet. When you are ready, hit Confirm to place the wager. You’ll receive a confirmation message. Now sit back and enjoy the ride.
125% Up To $3,125 Bonus At BetUS!
As we mentioned before, you should take advantage of betting bonuses. BetUS Sportsbook, our top recommended site, offers an outstanding welcome bonus with your first deposit.
To claim it, enter the promo code JOIN125 in the cashier to receive up to $3,125 on top of your money deposit.
March Madness Tournament Basics
The NCAA Tournament crowns a Division 1 National Champion. Sixty-eight teams compete in the tournament each year.
It is a single-elimination tourney over the course of several weeks, which is ultimately whittled down to two teams that play for the National Title.
The NIT Tournament is not to be confused with the NCAA Tournament and March Madness. The NIT is still widely bet, but not nearly to the level of March Madness.
How Does March Madness Gambling Work?
College basketball betting rules don’t change when betting March Madness. The same betting markets are available and then some more for the Big Dance.
Betting on the NCAA tournament online is as simple as signing up for a sportsbook and funding your account.
Sports betting is a perfect compliment to filling out a March Madness bracket. The bracket is the distribution of who faces who at each stage of the tournament.
It has 6 stages starting with 64 teams on Round 1 which will be decided on Selection Sunday, and it ends up with the Final Four (the 5th stage), which follows the National Championship.
What Bets Should I Place During March Madness?
All traditional basketball betting markets are offered: sides, totals, moneylines, and more.
Due to the increased interest in the tournament, sportsbooks typically have more markets available, with higher betting limits than usual. This is due to the amount of attention the event brings over the whole tournament.
College basketball betting limits can be just a few thousand dollars on sides and even less on totals throughout the regular season, but with more public betting money being wagered on the tournament, these wagering limits are raised.
Most betting sites don’t typically offer player props for college basketball, but many will have these markets available for the NCAA Tournament.
March Madness live betting is a mainstay at online sportsbooks these days and one of the most popular markets for the tournament.
How Much Money is Bet On The NCAA Tournament?
It’s impossible to know the exact amount bet, due to offshore betting markets and local bookies not reporting their handle amounts, but it’s easily over 1 billion dollars and likely several billion.
In 2017, Nevada sportsbooks broke records with a betting handle of $315 million. However, there was upwards of a $10 billion bet on the tournament through unregulated channels.
Nevada’s sports betting handle is a paltry amount compared to the entire betting market in the United States, which consists of offshore sportsbooks that take far more action and locals from around the country.
March Madness is easily the most significant wagering event of the year behind the Super Bowl. We’ve seen this with several metrics and within the sportsbooks themselves.
Which States Bet the Most During March Madness?
As mentioned above, due to betting markets being unregulated in some states, it’s impossible to tell.
Betting March Madness in Las Vegas is as simple as being 21 and walking up to a sportsbook counter or kiosk or using a local sportsbook app.
No matter where you are in the US, there is an option for betting on March Madness.
Read Our Online March Madness Betting Guide
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