March Madness is here, which means it’s time to think about how you will get in on the action. There are plenty of ways to join in the fun and win real money, but one of the most popular is through online betting. But what exactly is March Madness online betting? Let’s take a look at how it all works.
What Is March Madness?
March Madness online betting is essentially a form of sports gambling that involves placing bets on college basketball games during the NCAA Tournament. Bets can be placed on individual games, as well as on futures markets, with odds set by bookmakers.
Most online bookmakers offer a variety of different types of bets, including money line (who will win), point spread (how much a team will win or lose by), totals (over/under), and prop bets (bets based on a particular player or team performances).
How Many Teams Participate In The Tournament
The tournament includes 65 teams, that play in four regions: Midwest, South, West, and East. Each area has 16 teams, which compete in single-elimination contests until there are only two teams left standing in each region.
The winners of each regional move on to the Final Four, a round-robin format consisting of two semifinal games and a national championship game.
When Do The Games Start?
The NCAA Division I Men’s Basketball Tournament, commonly known as “March Madness”, tips off on Tuesday, March 14, and runs through the National Championship game on Monday, April 3.
Here are the dates for March Madness 2023:
- First Four: March 14-15
- First round: March 16-17
- Second round: March 18-19
- Sweet 16: March 23-24
- Elite Eight: March 25-26
- Final Four: April 1
- NCAA championship game: April 3
PA Online Sportsbooks To Bet On March Madness
The diversity of betting sites is vast. However, not all of them are real to your expectations.
Nonetheless, we found the most win-win options for you such as DraftKings or Parx march madness odds that propose beneficial offers for players:
| Sportsbook | Beneficial offers |
|---|---|
| DraftKings | There is a 100% match bonus of up to $200 on your first deposit. You can use this bonus code — “DRAFTKINGS100” — to claim it when making your first deposit. The bonus is not available for mobile devices, but you can log in via any browser and use it to place your first bet. |
| PointsBet | Up to $500 in Free Bets. Here you will also find out Silver, Gold & Platinum loyalty programs. |
| MGM | First Bet Offer Up To $1,000 on the Big Game |
| FanDuel | $3,000 No Sweat First Bet |
| Caesars | Place your 1st wager of $10 or more! If you lose, you get 100% of your stake back as a Bet Credit - up to $1,250. AND win or lose, you’ll also get 1,000 Reward Credits and 1,000 Tier Credits. Promo Code: COVERSBONUSFULL |
The Betting Options Of March Madness
Here is a variety of the most common ways to bet on the March Madness tournament:
- Point Spread Betting. It involves taking one team to win by more points than another. The point spread is the number of points that a team must win for a bettor to win their wager.
- Moneyline Betting. It does not involve the point spread; instead, this type applies backing one team over another.
- Futures Betting. It allows a selection of the final tournament winner before the games begin. The odds are determined based on each team’s chances of winning the tournament.
- Parlay betting. A parlay bet is when a gambler places multiple bets on one ticket. If all the outcomes are correct, then the bettor will win their wager.
- Props betting. It involves predicting outcomes that are not directly related to the game’s outcome, such as which team will score the most points in a particular game.
What are March Madness betting odds?
There is no way to predict which team will win in any particular year or which March Madness online bet will be successful. However, we can use data science and machine learning techniques to make some predictions about teams’ odds of winning in the future.
While the odds of winning a game are, in theory, always 1 in 8, it is possible to predict which teams are most likely to win or lose, providing you know what variables to consider and how to consider them.
The Most Successful Teams: Is it Cinderella Teams?
It’s difficult to determine the most successful teams in March Madness Online Betting as betting success can be influenced by various factors such as odds, line movements, and overall performance in a given year.
However, historically successful college basketball programs such as Kentucky, North Carolina, and UCLA have been popular choices among bettors in the past. It’s important to note that past success does not guarantee future success, and it’s always a good idea to do your own research and analysis before placing any bets.
What about Cinderella teams, they are often used to refer to lower-seeded teams in the NCAA Men’s Basketball Tournament that make unexpected and surprising runs deep into the tournament. These teams can be popular among bettors because they offer higher odds of winning and the excitement of rooting for an underdog.
However, even among Cinderella teams, the success and popularity of online betting can vary significantly from year to year and is not guaranteed. Many variables can impact a team’s performance in the tournament, such as the competition they face, injuries to key players, and their overall level of play leading up to the tournament.
6 Useful Tips For Betting On March Madness
- Research the teams. Before you make a bet on March Madness, take time to research the teams and players involved in each game. Knowing who is playing and their strengths and weaknesses can help you better understand how the game is likely to play out and decide which team has the advantage.
- Study The Odds. Make sure to study the odds and become familiar with how betting lines work. This will help you understand the chances of each team winning and make an informed decision on your bet.
- Look Out For Longshots. March Madness is known for its upsets, so don’t be afraid to take a risk on a longshot team. While there is more risk involved, if you pick the right team, you can potentially make a big return on your investment.
- Take Advantage Of Bonuses. Many online sportsbooks offer bonuses and promotions during March Madness that can help increase your winnings. Be sure to take advantage of these offers when they are available.
- Spread Your Bets. If you’re feeling confident in multiple teams, it may be beneficial to spread your bets and hedge your bets. This will help minimize the risk of losing all of your money on one team and potentially increase your return if more than one team wins.
- Pay attention to seeding. Seeding is essential in March Madness for online betting because it helps predict the outcome of the tournament games and assists bettors in making informed decisions. The higher-seeded teams are expected to win against the lower-seeded teams, so a win by a lower-seeded team is considered an upset.
What Is An Upset In March Madness?
An upset in March Madness refers to a situation where a lower-seeded team beats a higher-seeded team, defying the expectations and odds set by experts. In a nutshell, an upset is a victory by a team that is not expected to win. The term is most often used about NCAA Division I Men’s Basketball but can be applied to any sport, where a lower-seeded team defeats a higher-seeded team.
How to Watch March Madness Live in PA?
March Madness, the NCAA Men’s Basketball Tournament, is usually available on TV through the CBS and Turner networks (TBS, TNT, and TruTV). The games are also available through streaming services such as NCAA March Madness Live, which provides live streaming access to all tournament games. It’s possible to watch March Madness live in PA on any device with access to these networks or streaming services.
Final Words
March Madness online betting can be an exciting way to join in on all the tournament action while potentially winning some money. By understanding the basics and keeping some key considerations in mind when placing bets, bettors can maximize their chances for success during this exciting time of year! So what are you waiting for? Find an online sportsbook today and get ready for some March Madness fun!
FAQ
When does March Madness start?
In 2023, the tournament will start on Tuesday, March 14.
What was the biggest upset in March Madness history?
One of the biggest upsets in March Madness history was the defeat of the heavily favored 1985 Georgetown Hoyas by the eighth-seeded Villanova Wildcats in the National Championship game. Villanova won 66-64, shooting an impressive 78.6% from the field.
What was the lowest seed to win the March Madness tournament?
In 2005, George Mason University became known as “Cinderella” after they beat North Carolina by two points in overtime during one of their games on their way to winning their first-ever championship title! They were also only a No. 11 seed at that time!
Who won the last March Madness tournament?
The Gonzaga Bulldogs won the most recent March Madness tournament (2022).
