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March Madness Betting Guide

March Madness Betting Guide - Bovada Sportsbook

The NCAA Tournament allows fans to add to the excitement on the hardwood with a vast array of betting options, covering every aspect of every March Madness matchup. The following March Madness betting guide introduces you to the most popular wagering options.


Game Lines are the Basic Wagering Option

The most popular options for how to bet on March Madness are game lines, which include point spreads, the moneyline, and totals betting.

The point spread indicates the margin of victory that must be achieved for a wager to be a winner. For example, if the Kansas Jayhawks are favored by 14.5 points in a matchup with the Pennsylvania Quakers, they must claim victory by 15 or more points for a bet on them to pay out. Conversely, a bet on the Quakers only requires them to lose by fewer than 15 points to be a winner.

A moneyline bet involves wagering on a team to win, regardless of the margin of victory. A Kansas victory by one point would be bad news for point spread bettors, but would be a moneyline winner, albeit at reduced odds.

Moneyline odds are displayed on the betting board using plus and minus symbols. If Kansas is listed as a -1300 moneyline bet, it means you must wager $1300 to win $100, while a successful $100 wager on Pennsylvania at +725 would win you $725.

Totals betting simply allows you to wager on the number of points two teams combine to score in a game. If the total is set at 145.5, the two teams must combine to score 146 or more points for a wager on the OVER to prevail, while less than 146 total points would be a winner for the UNDER.


Parlays, Teasers, Futures, Props, Live Betting

Parlay bets enable you to combine multiple bets into a single wager, which pay out on enhanced odds. With parlays, you can typically combine point spread, moneyline, and totals bets from multiple games. However, all bets made must be winners for a parlay to pay.

A teaser bet enables you to move the game line odds on multiple matchups, but at reduced odds. With a teaser bet, you can adjust the point spread or the total on a minimum of three games by as many as eight points.

Futures betting enables you to wager on the future success of a team, including the winners of each of the four March Madness regional brackets, as well as which team ultimately wins the national championship.

Props bets, at times referred to as “specials”, typically enable you to wager on the performance of individual players and teams. Examples of props bets include wagering on how many points a specific player scores in a game, or head-to-head wagering on how individual players perform against each other, as well as winners of individual tournament awards.

Team props include betting on how far an individual team will advance in the tournament, or how they will fare in comparison to a rival squad.

And rapidly gaining in popularity, live betting enables you to make wagers during game action. Dynamically updated moneyline odds, point spreads, and totals will keep you on the edge of your seat from tip off until the final buzzer.

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