Guide to Betting on the 2021 March Madness Tournament

After the Super Bowl, the most wagered sporting event in the U.S. is March Madness. The American Gaming Association estimates that somewhere in the neighborhood of $9 to $12 billion is wagered, both legally and illegally, on the annual men’s NCAA college basketball tournament.

College Basketball Online Sportsbooks

What makes so many people want to bet on March Madness? It has become one of the most popular sporting events among sports fans and among casual fans. The reason? You can bet on it.

The Rise of March Madness Pools

Over 60 million people each year will participate in some sort of office March Madness pool. Each person will fill out a bracket and pay an entry fee. The first such betting pool is said to have started in a Staten Island bar in the 1970s.

These pools have become a sort of standard. Each year, people will fill out their office pool bracket and watch tournament games in hopes of winning the grand prize. It is the desire to predict what is unpredictable that attracts people to March Madness pools.

The odds of correctly picking all 67 games of an NCAA tournament are upwards of nine quintillion. A person has better odds of becoming president of the United States or even winning a Mega Millions lottery. Still, people love to fill out their brackets and many people who aren’t even college basketball fans join in.

Expert March Madness Predictions

Betting March Madness 2021

There are a number of different ways to bet on the NCAA tournament. Bettors can always find futures bets on the NCAA champion. All season long, odds to win March Madness are available and bettors can wager on a team to win at any time.

For example, a team like Duke may be an early favorite at +400 to win the national championship. If you bet $100 on Duke and they eventually do win the NCAA tournament, you’ll win $400.

Sometimes, it pays to bet on a longshot. Your best longshots are those that will ultimately be a No. 3 or No. 4 seed. Not too many teams seeded lower than fourth win championships. A longshot to win the tournament might be given odds of say +1400. You’re $100 bet would win $1,400.

Prior to the selection of the teams for the tournament, you can also bet on a team to make the tournament. If you follow college basketball, there will always be talk about the “last four in” or the first four out.”

Live March Madness Odds

These are teams that are “on the bubble” and might make the tournament or they might not. You can find some favorable odds for these teams and place wagers accordingly.

When the tournament starts, you can bet on individual games just like you do during the regular season. You can lay traditional wagers on the moneyline, point spread, or game total as well as any player or team props that are available. You can do this for all 67 games of the tournament.

In addition to filling out your March Madness bracket, there are tons of betting opportunities on the NCAA tournament. Make the most of them and enjoy betting March Madness 2021.

You can catch up on all of the college basketball betting action through our daily NCAAB game recaps.