March Madness Betting

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NCAA March Madness Betting


NCAA March Madness Odds Update


Following an upset-filled weekend of Sweet 16 and Elite 8 play, Virginia is the title favourite and the sole No. 1 seed left in the tournament.


With all four top seeds making it into the Sweet 16 and the tournament mostly going to chalk in the first two rounds, it seemed likely that the top seeds would advance to the latter stages of the tournament as well. Auburn put a stop to that on Friday when they took out UNC, who was the first No. 1 seed to fall prey to this year’s Madness. The Tigers were 5.5-point underdogs going into Sweet 16 play, but they overwhelmed the Tar Heels with a barrage of three pointers and efficient shooting from the floor. That wasn’t enough for Bruce Pearl’s Tigers against Kentucky in the Elite 8, which required overtime play for Auburn to earn their first-ever trip to the Final Four. Auburn will be joined by Texas Tech (another Final Four first-timer), Virginia and Michigan State to battle it out for the title in Minneapolis April 6-8.


NCAA March Madness


Undoubtedly the most conspicuous absence from the Final Four will be the Duke Blue Devils, who have been title favourites all season long. This also means that we’ve seen the last of Zion Williamson on the college basketball stage. Zion’s 24 points in Elite 8 play weren’t enough, as coach K’s squad came up short in a heart-breaking 68-67 loss to Michigan State after another Duke freshman sensation RJ Barrett failed to convert on both of his free throws late in the game.


March Madness Betting Preview: The Current Favourites


As the only No. 1 seed remaining in the tournament, Virginia tops the March Madness betting chart as we head into Final Four play thanks to an impregnable defence. The Cavaliers were lucky to avoid the fate of the other No. 1 seeds in their regional by escaping with close wins over Oregon and Purdue. The Elite 8 ending against Purdue was especially miraculous as junior Mamadi Diakite sent up a prayer lob shot with just one second on the clock to force overtime. Despite a herculean effort by Purdue guard Carsen Edwards, who went off for 42 points in the contest and was named the Most Outstanding Player in the South region, Virginia hung on by a thread and finished off their lower-ranked opponent in overtime.


In the West region, it was the Texas Tech Red Raiders who defied the March Madness odds, which were +2200 prior to Sweet 16 play and now seem much more real at +425. Perhaps defence really is a recipe to win a championship this year, as Virginia and Texas Tech have boasted two of the top three defences in Division 1 (55.0 and 59.2 PPG allowed respectively). Texas Tech took that hard-nosed mentality from the regular season to the postseason, obliterating a tough Michigan squad 63-44 and silencing the No. 1 seed in the region, Gonzaga, 75-69. Let’s take a closer look at each remaining Final Four squad and their odds to win March Madness.


Virginia Cavaliers +150 Odds to win March Madness


Boy, have the Hoos been playing with fire in their last two games. Offense has never been their forte, so it’s no surprise they got outshot from the field in both games when it comes to field goal percentage, but they have managed to prevail by taking care of the ball and outrebounding their opponents. Kyle Guy, Ty Jerome, and De’Andre Hunter have done just enough on the offensive side of the ball to continue their winning ways. Despite their close calls, Virginia had the best record in the nation at 33-3 this season, so they know how to win, even if it’s not always pretty. Tony Bennett’s unit is a defensive force to be reckoned with, which is why Virginia is the top favourite to win the title at +150 March Madness betting odds.


Michigan State Spartans +185 Odds to win March Madness


On paper, the Spartans should’ve come up short against Duke – the Blue Devils had a better field goal percentage, made more three pointers with better efficiency, had more throws, and outrebounded Tom Izzo’s squad by 11. The key to Michigan State’s success was taking care of the basketball, which seems to be a prerequisite to reach the Final Four this year. All Final Four participants had fewer turnovers than their opponents in the Elite 8 matchups. The Spartans played smart basketball, with their starting point guard Cassius Winston leading the way with 20 points and 10 assists, which earned him the Most Outstanding Player honour in the East Region. The Spartans have a date with Texas Tech in the Final Four as they attempt to get into the championship game for the fourth time in the program’s history. Michigan State looks to be playing their best basketball and have a real shot at getting crowned as champions at +185 on the March Madness lines.


Texas Tech Red Raiders +425 Odds to win March Madness


What a story this Red Raiders team has been. After getting upset in their first game of the Big 12 tournament by the worst team in the conference in West Virginia, it seemed highly unlikely that Chris Beard’s team would make any noise in the tournament. This is why they call it Madness – anything can happen. Led by sophomore guard Jarrett Culver, who’s been averaging an impressive 21.5 points per contest in the NCAA tournament, Texas Tech is playing inspired basketball on both sides of the ball. Look for this team to put up a real fight against Michigan State on Saturday.


Auburn Tigers +600 Odds to win March Madness


The lowest seed (No. 5) to reach the Final Four this year, the Auburn Tigers have been the surprise of the tournament. Beating legendary programs likes Kansas, North Carolina and Kentucky in three consecutive games on the sport’s biggest stage is practically unheard of, especially for a football school. You better believe an enthusiastic Bruce Pearl is telling anyone who’ll listen that they can also hoop down in Eastern Alabama.


The Tigers have been the most productive offensive team in the tournament, averaging 85.3 points per game, almost six points better than during the regular season. This should make for a compelling contrast when they face Virginia, who win most of their games with defence alone. Don’t count this Tigers team out at +600 odds – if they get hot from the floor even the top-ranked Cavaliers’ defence will have their hands full.



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2018 March Madness Betting Guide

The College Basketball Playoffs, commonly referred to as March Madness, are some of the most exciting playoffs in all of sports due to the unpredictable nature, hype and culture of the tournament. The top 68 teams in the nation earn a coveted spot in the prestigious competition either by winning their conference championship or getting chosen by the selection committee as at-large bids. The eventual winner is decided through a single-elimination bracket format tournament. There are 32 conference champions that receive automatic bids and 36 at-large selections whose participation is determined by the committee. We’ll get you ready for betting on the March Madness odds board by discussing the different bet types available to you to enhance your college basketball betting experience this spring. 


March Madness Point Spread Betting 


When it comes to the college basketball betting lines, spread betting is the most popular way to get in the action. With spread betting, the team that is favoured to win the game is given a certain number of points that they have to win by to be considered a winning bet. This is called the spread, and the odds of betting on either team using the spread are fairly even.


For example, if Virginia is playing Auburn after both teams have gotten through their first two round matchups, the Sweet 16 spread might be something like this:


Virginia Cavaliers -7.5
Auburn Tigers +7.5


The negative sign means that Virginia is a 7.5-point favourite over Auburn. In order for a Virginia point spread bet to pay out, they would have to cover the spread by winning by 8 or more points. Auburn, on the other hand, would have to win the game or lose by no more than 7 points for a Tigers bet to win. If the NCAA tournament lines have deemed Virginia as a flat 8-point favourite and they win by exactly 8 points, the bet is considered a push and you would get your initial bet returned to you, regardless of which team you wagered on.


You also have the option to “buy points” with March Madness betting. In the above example, if you believe the spread is right where it should be, you can pay a small premium to buy a half-point and have the odds shift from -7.5 to -7 if betting on Virginia, or from +7.5 to +8 if betting on Auburn. The odds might shift from -110 to -120, however, so you would have to pay $120 (instead of $110 if you don’t buy points) to win $100. Buying points increases your chances of getting your money back.


Sometimes, the two teams are so even that the March Madness lines will have no favourite and thus no point spread. This is called a Pick ‘Em game, which essentially results in a moneyline bet due to the lack of a spread. 


March Madness Betting the Moneyline 


Some bettors enjoy betting the moneyline due to its simplicity. With a moneyline bet, you are betting on one thing only – which team will win the game. Because of a lack of point spread, the odds themselves change to reflect the likelihood of each team winning the tilt. A bet on the underdog pays out more, while a safer bet on the favourite would require a premium. Using the above example and assuming Virginia got through Auburn in the Elite 16 round and are now facing Ohio State, the Elite 8 odds for the moneyline may look like this:


Virginia Cavaliers -265 
Ohio State Buckeyes +225


If you’re betting on Virginia, you have to wager $265 to win $100, as they’re the favourites. Ohio State, on the other hand, will pay out more if the bet is a winner, returning $225 on an initial risk of $100. Moneyline betting is an easy way to get into the action if you’re a beginner, or simply prefer wagering on the game outcome straight up.


March Madness Over Under Betting 


The Over/Under betting (also known as total betting) is another simple form of betting that makes the March Madness experience more enjoyable. You can bet on the total number of points scored in the game or half. For example, if Ohio State pulled off the upset over Virginia and is now facing their Big 10 rival Michigan State, the Final Four odds may have the total set at 159 total points. You can bet the Under and root for a sloppy, turnover-prone game with excellent defence, or the Over and hope for a plethora of made three-pointers with defenders missing most of their assignments. If you enjoy predicting the total number of points scored, this wager is right up your alley. 


March Madness Futures Betting 


As opposed to betting on the outcome of a single game, futures betting allows you to bet on a macro level by predicting how a certain team might do during the season, or how far they will go in the playoffs. This includes wagering on NCAA Championship odds. You can bet during the regular season or once the tournament has begun, with the odds constantly updating throughout the season and the playoffs.

For example, if you believe Virginia’s odds to win NCAA Championship provide great value at +2200, you can make that bet and hope for the Cavaliers to bring home the bacon. If you’re a big picture sports fan, you should consider futures betting.


March Madness Prop Bets – What is a Prop Bet? 


Prop betting is another exciting way to stay engaged during March Madness that allows you to wager on events that are related to the game(s) but may not necessarily impact the final result. These betting options could be anything from tournament MVP or how many points a certain player will score to more fun and even silly events like whether the total points scored in a game will be an odd or even number.

Continuing with our Ohio State vs. Michigan State example, a prop bet could be the total number of points the Spartans get from their top scorer, Miles Bridges, in their Final Four matchup. The total might be set at 19.5 points, for example, so if you believe he’ll explode in the biggest game of his career, you would take the Over. If you’re a detail-oriented bettor, prop betting might be for you.


March Madness Parlay Bets – What is a Parlay Bet? 


Parlay betting is the ability to combine multiple bets into one. This bet results in higher winnings than if the bets were made individually because bet profits are reinvested into the next wager.


Using the Virginia/Ohio State matchup from above, let’s suppose the odds are as follows:


Moneyline Odds:
Virginia Cavaliers -265 
Ohio State Buckeyes +225


Total Points Scored:
Over 132 (-110)
Under 132 (-110)


Let’s say you believe Virginia will win the game, but for them to do this, it has to be a low scoring game. Their offense simply isn’t potent enough to win otherwise. If you wager $50 on each outcome individually ($100 total), you will end up with $164.32: your initial $100 investment and a profit of $64.32. However, if you parlay the two bets together, you’ll have amassed $262.95, which includes a profit of $162.95. Just like the principle of compounding interest/returns, your profits look much better in a parlay bet.


Unsurprisingly, these bets are also riskier, as all of your bets need to win in order for the parlay to be successful. If betting on multiple events is your cup of tea, you should check out parlay betting for higher rewards. 


March Madness Teaser Bets – What is a Teaser Bet?


Teaser bets are like buying points and parlay betting rolled into one. You can adjust the odds with a teaser bet in your favour by 4, 4.5, 5, or 6 points when betting on multiple outcomes in the same bet. The higher the teaser amount, the more of a premium you have to pay for the higher probability of winning the wager.  


Let’s suppose you’re interested in two Sweet 16 games and the NCAA tournament lines have the following:

Virginia Cavaliers -7.5 (-110)
Auburn Tigers +7.5 (-110)


Villanova Wildcats -5 (-110)
Oklahoma Sooners +5 (-110)


You believe that Virginia’s defence is too much for Auburn and that Villanova’s defence will effectively zero-in on the Sooner scoring machine Trae Young, making him a non-factor in the contest. However, you want to feel a bit more comfortable about making the wager. You can place a 4-point teaser bet on Virginia and Villanova, shifting their odds to -3.5 and -1 respectively. The payout will be even odds, which is less of a return than if you didn’t buy the extra points.


If you enjoy having a bit of a cushion and don’t mind foregoing the higher earnings you could have with a regular parlay bet, you may decide to opt for some teaser action.


March Madness Live Betting


Many of the betting types described above aren’t only available before the game has started – you can place the wagers as the game is going on as well. With live betting, odds shift based on what’s happened in the game so far and if you catch them at the right time, it could yield a hefty payout. For example, if Virginia is down by 12 points to Auburn at halftime but you believe they’re a great second-half team and will make a comeback after the break, you can buy them while their odds are down. Their pre-game odds may have been -330 but are now +145. Live betting is typically available for bets such as spread, moneyline, and points total betting to name a few.


March Madness Betting Tips 


When deciding which teams or outcomes to bet on, it might seem tempting to bet on underdogs and long shots, as the payoff for these wagers is higher. While that’s certainly the case, remember that it’s higher for a reason – these events are less likely to happen than the bets that have a minus sign in front of them. Professional bettors win more frequently betting on the favourites. The profit won’t blow you away, but you might come out with more cash in the end.


Another good guideline to follow is to combine events that are likely to happen, like betting on Virginia coupled with a low points total in the example described earlier. If you can bet on events that have a higher probability of occurring if another event takes place (ex. a star has to score many points for his team to win), it might be a good idea to place a parlay bet on the outcomes.


Bodog offers a wide variety of betting options for this year’s tournament, so make sure you check out all the March Madness lines before deciding on your ultimate betting strategy. There are many fun bets you can make to supplement your college basketball watching experience, so make sure to take advantage of everything our sportsbook has to offer. Happy betting.


*Odds as of April 2, 2019


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