Betting on the NCAA Tournament 2023

After the Super Bowl is over, it’s time to focus on March Madness. For sports bettors, one of the greatest draws is the NCAA Tournament. There are many choices for March Madness wagers, and in 2023 there will be a record number of legal sports betting states.

The NCAA tournament features a field of 68 teams, so there is more than one event to watch. Opening weekend is jam-packed with events, making it a busy time for Las Vegas sportsbooks. The top online betting sites, bonuses, and strategies for March Madness wagering will all be covered. Get set to wager on college basketball!

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Betting Guide – How the March Madness Bracket Works

The NCAA basketball March Madness championship is held after the season ends. It attracts a lot of interest from collegiate sports enthusiasts nationwide.

The NCAA Selection Committee constructs the complete bracket of 68 teams on Selection Sunday. The first two games of the competition serve as a play-in game to advance to the first round of 64, contemporarily known as the First Four.

By winning their conference, 37 teams are immediately qualified for the NCAA tournament. The committee gives a bid to the remaining teams after considering their previous season results as well as their track record against top teams.

On the first weekend, the first round of 64 and the second round of 32 are contested. The Sweet Sixteen and Elite Eight both take place the following weekends in that order. Due to capacity concerns, the Final Four is typically contested in an NFL stadium.

Depending on which side of the bracket each team is on, matches are contested across the nation.

2023 March Madness men’s bracket

Betting on the Final Four

The 2023 Final Four will be held at NRG Stadium in Houston, Texas. The last four teams of the tournament always receive tons of attention. The event is heavily covered by the media.

The Final Four will have the most betting bonuses and promos. Two games are played on Saturday, leading up to the National Championship on Monday.

March Madness Schedule 2023

  • Selection Sunday: March 12
  • First Four: March 14-15
  • First Round: March 16-17
  • Second Round: March 18-19
  • Sweet Sixteen: March 23-24
  • Elite Eight: March 25-26
  • Final Four: April 1
  • NCAA Championship Game: April 3

Legal Sports Betting States for March Madness

Since PASPA was overturned in 2018, sports betting legislation has been proposed and enacted in more than twenty states. Check your state’s page on our website to see the legalities as some states do have limitations on betting on in-state college teams or events hosted in the state.

In Arizona, Connecticut, Colorado, Indiana, Iowa, Kansas, Louisiana, New Jersey, New York, Maryland, Massachusetts (pending), Michigan, Mississippi, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Washington, DC, and Wyoming, downloading betting apps and making remote deposits are allowed.

25 million people take part in Super Bowl betting each year

The Best March Madness Betting Sites & Apps

The best option is to use legal betting services. All of the March Madness betting applications you can find on our website are vetted, secure, and legal.

New users receive a welcome incentive at each website. Promotional codes and information on how to register are provided in our sportsbook reviews.

We advise using these sites to place March Madness wagers.

Caesars

It seems fitting to talk about Caesars Sportsbook because the Final Four will be played at the Caesars Superdome. If a new customer’s first wager loses, our promotion code will give them a match of up to $1,250 back in bet credit.

Caesars Sportsbook offers a ton of ongoing bonuses to its customers, in addition to a fantastic loyalty program called Caesars Rewards. There is no question that it will benefit the NCAA tournament games.

BetMGM

The MGM Sportsbook in Las Vegas, a popular place to place bets on the strip, will be crowded during March Madness. Its online sportsbook, BetMGM, has all the options a sports betting app might ask for.

Several states have access to it. Use our promotional code to receive a first bet offer worth up to $1,000 for new customers.

DraftKings

DraftKings is now much more than just a DFS site. And if you also want to play free March Madness betting games, it’s wonderful to utilize for betting.

You will receive an extra $150 in free bets if you join DraftKings Sportsbook and place a $5 wager.

FanDuel

FanDuel is a leading option for online sports betting and also boasts a fantastic fantasy sports platform. In more than a dozen states, there is a no-sweat bet of up to $1,000 for new customers.

With FanDuel Sportsbook, odds boosts are always available, and we anticipate a lot of them during March Madness. It’s a fantastic tool to use for live betting because of how simple it is to use.

PointsBet

PointsBet is the only unique betting option you need. In addition to the standard betting options, there is now the choice of Pointsbetting. Your earnings or losses depend on how well you predicted the outcome, as opposed to predetermined odds. Use a spread if you believe it to be significantly off.

PointsBet is giving five bet credits, each worth up to $50, to new customers who place a losing wager.

Bet365

One of the best sign-up bonuses is offered by Bet365, which is exclusively open to residents of Virginia, New Jersey, Colorado, Ohio. Just wager $1 to receive $200 in bonus bets. That will give you a great start for betting on March Madness. Go to the offers page on Bet365 Sportsbook before the games to see what other promos you can use.

How to Bet on March Madness

You can place various kinds of wagers on college basketball. The following options are available at all of the March Madness betting sites we’ve talked about.

Spreads, Moneylines, & Totals

Spreads, moneylines, and totals are the three most common bet types. The odds for these three bets are typically listed on the home page of a game when you see it on a betting website. If you want to place other bets, including prop bets, you might need to click on the event.

A spread will be established ahead of the game. There may be some lopsided matchups in the first round that produce favorites by 20 to 30 points. You wager that a team will cover the points spread if you beat the spread.

If you place a bet on the moneyline, then you are predicting the chosen team will win. The moneyline for a team that is a strong favorite could be as much as -300, and occasionally it won’t even be available. If you believe an underdog will triumph and the chances are in your favor, it’s a superb value wager.

Totals will be decided before to the game, much like the spread. There will be a point total for the entire game and for each team. You can bet the score will be over or under that amount.

Parlays

March Madness is a fantastic tournament for parlays because there are so many games. When you place a parlay, you are making a single wager with multiple possible outcomes.

For instance, you could choose three different teams to cover the spread in a 3-leg parlay. To win the wager, however, they must all be right.  For March Madness, keep an eye out for parlay insurance, which can offer you a bonus refund if only one leg fails.

Futures

Every team will have odds of winning the entire tournament before March Madness starts. You can place a future wager on the club you believe will take home the championship. Nevertheless, you can also find wagers on a team making it to the Sweet 16 or perhaps the Final Four in the future.

A great strategy to hedge your bet is to place a futures wager. Consider a scenario in which you backed a team to win the championship and they actually did. You can place a lesser bet on the opposing team to set up a situation where you will profit regardless of the outcome of the game.

March Madness Prop Bets

For the Super Bowl, prop betting is incredibly popular, but there aren’t as many options during March Madness. The majority of states prohibit placing prop bets on specific collegiate athletes.

Certain prop betting options will still be available, such as whether the game will go into overtime or which side will make the most three-pointers.

March Madness Live Betting Sites

Live betting is the most entertaining and engaging way to watch March Madness. There are possibilities for in-game wagering on the top betting sites we reviewed on this page.

The odds will change as the game progresses. A team’s chances will increase if they go on a run. If the momentum shifts, you can get an advantage at the sportsbook.

Let’s imagine a match between two excellent offensive teams gets off to a poor start, but you don’t believe that will last. Given that it has decreased, it could be a good idea to wager on the total points over.

The wagers you place before the game can also be hedged. Place a wager on the opposing team if your bet is losing steam in order to limit your losses. Even if you might not win, you won’t lose as much.

Live streaming is available on some live betting websites, including BetMGM and FanDuel. This enables you to watch games directly from your mobile betting app while keeping an eye on the March Madness standings.

March Madness Betting Games & Bracket Challenges

There is nothing like March Madness in the world of sports. The 68-team bracket system gives bookies fantastic opportunity to provide unique games.

Most people have taken part in bracket challenges that friends have hosted. Nonetheless, these games are now playable on betting websites.

It’s unlikely to have a flawless bracket (1 in 9,223,372,036,854,775,808). Nothing is more enjoyable than attempting to answer all of them correctly. The best part is picking the surprises!

March Madness Betting Trends & History

The inaugural March Madness was played in 1939, although there were only eight teams involved. It grew throughout the years until 1985, when it reached the current 64-team tournament. A First Four has now been added, bringing the total to 68.

Teams compete all year long to secure a top seed, and according to history, such teams stand the best chance of winning the championship. The outcomes of the NCAA Tournament since its expansion in 1985 are displayed in the table below

SeedNumber of winners
124
25
34
41
50
61
71
81

College Teams with the Most Titles

Blue bloods have achieved great success over time. Teams like Duke, North Carolina, Kentucky, UCLA, and Kentucky are used to making long March Madness runs.

The teams with the most NCAA Men’s Basketball Championship wins are shown below.

  • UCLA β€” 11
  • Kentucky β€” 8
  • North Carolina β€” 6
  • Duke β€” 5
  • Indiana β€” 5
  • UConn β€” 4
  • Kansas β€” 4
  • Villanova β€” 3
  • Cincinnati β€” 2
  • Florida β€” 2
  • Louisville β€” 2
  • Michigan State β€” 2
  • NC State β€” 2
  • Oklahoma State β€” 2
  • San Francisco β€” 2

Another 21 teams have each won a single national championship.

Fill out your NCAA March Madness bracket using one of the college basketball betting sites on our page and make your predictions about which team will be added to the list or who will win another trophy to add to their collection.

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Betting on the March Madness 2023 FAQs

Here are some common questions about betting on the March Madness 2023.

Can you bet on March Madness?

It depends on which state you are in. Legal sports betting is now available in over two dozen US states, some of which offer mobile betting apps.

Who has the best odds for March Madness?

It will depend on each matchup. We recommend downloading multiple March Madness betting apps to find the best odds for every game.

Where can I bet on college basketball?

It’s best to use legal betting sites to wager on March Madness. We recommend using sportsbooks like Caesars, BetMGM, Fubo, DraftKings, FanDuel, or PointsBet.

How does March Madness betting work?

When using the March Madness betting sites on our page, you will have options to bet on the spread, moneyline, total, and much more. Some sites also have live betting.