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March Madness Betting Guide 2023: How to Bet on NCAA Tournament & Strategies To Win Big

march madness logo at center court for 2023 NCAA Tournament
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The Big Dance is one of the most exciting times of the year for sports bettors. The 2023 NCAA Tournament features some of the best teams in the country competing for a shot at the national championship. If you’re looking to place a bet but lack experience, our March Madness betting guide is just what you need.

First things first, there’s no reason to begin betting on sports without a bonus worth over $3,000 from our exclusive group of sportsbooks we partner with offering a unique March Madness promo code. By the time you’re done studying our sports betting guide, you’ll be cashing in on whether your bracket is busted or not.

Article last updated March 21, 9:22 AM

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A Guide To Bet Smart On March Madness Betting

Want to bet on the NCAA Tournament but not confident enough to lay down a cash wager? Lucky you, we have the best March Madness betting guide available to new sports bettors.

Today is the perfect day to dive into the money pit of the NCAA Men’s Basketball Tournament bracket and its endless betting options. With so many games taking place over a short period of time, there are plenty of opportunities to place bets on your favorite teams. Before you do, though, follow our guide to bet on March Madness by reading through the steps below.

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Research March Madness Matchups

Before placing a bet on any game, it’s important to do your research. Look at the teams’ records, their recent performances, and any injuries or other factors that could affect the outcome of the game. Additionally, look at how the teams match up against each other – some teams may have strengths or weaknesses that could make them particularly vulnerable to certain opponents. For example, despite being the better team, Virginia’s pace of play was its kryptonite in its heartbreaking loss against 13-seed Furman.

Farleigh Dickinson (16) vs. FAU (9)

Can the Knights repeat the magic they pulled against Purdue on Friday in college basketball’s most historic upset? As 15.5-point underdogs against 9-seed Florida Atlantic, oddsmakers certainly don’t believe Fairleigh Dickinson will move on to the Sweet 16. Do you think they’ll keep within 15 points? Or pull off the upset? It’s the best game to bet today given the margin of error you have to work with as a bettor.

Michigan State (7) vs. Marquette (2)

As a 3.5-point favorite, 2-seed Marquette could be in trouble against Tom Izzo and the Michigan State Spartans. Entering his 25th consecutive NCAA Tournament, Izzo is trying to get his team past the first weekend for the first time in three years. Against Shaka Smart’s Golden Eagles and their electric offense, it won’t be easy. Perhaps this game is too hard to predict, but a total set at 139.5 is enticing.

Pay Attention to March Madness Underdogs

What’s better than an improbable win for a low-seed small school team against a high-seed blue blood? That’s what happened on March 16, when 15-seed Princeton stunned 2-seed Arizona in the First Round. One of the most exciting parts of March Madness is the potential for upsets. Every year, lower-seeded teams manage to knock off higher-seeded opponents, creating excitement and unexpected results. If you’re looking to place a bet on an upset, consider teams that have strong defenses or that excel in certain areas of the game. The best part? You get the best odds and the chance to bet small and win big. For example, a $50 wager on Princeton to win on Thursday would have earned you a $400 payout. Now, do you see why sports betting is so fun?

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Betting Strategies for March Madness

When placing bets on March Madness games, it’s important to bet strategically. Set a budget for yourself and stick to it, and avoid making emotional bets based on your personal biases. Consider placing smaller bets on multiple games rather than putting all your money on one game or outcome. A novice sports bettor could use a totals betting strategy for March Madness by analyzing the teams’ offensive and defensive capabilities and making a prediction on whether the total number of points scored in the game will be over or under the given line.

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March Madness Betting Types

There are a variety of different types of bets you can place on March Madness games, including moneyline bets, point spread bets, and over/under bets. Each type of bet has its own unique risks and rewards, so it’s important to understand how each one works before placing your bet.

Point Spreads in March Madness

When betting on March Madness games, we’ll guide you in the right direction, beginning with point spreads. You’ll typically be betting against the point spread rather than on the outright winner. This means that you’re betting on whether a team will win by more or less than a certain number of points. Before placing your bet, consider whether the spread seems reasonable based on your research of the teams.

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March Madness Moneyline Betting

This is a simple and straightforward betting strategy where you bet on which team will win the game. As a novice bettor, it’s a good idea to start with moneyline betting and focus on picking the winning team. A novice sports bettor could use a moneyline betting strategy for March Madness by going betting small on a Cinderella team, similar to an underdog.

March Madness Parlay Betting

A parlay is a type of bet where you combine two or more individual bets into one single bet. The catch is that all the individual bets in the parlay must win for you to win the parlay bet. Parlays offer higher potential payouts than individual bets, but they are also more difficult to win since you need to get all the bets right. Parlays can be a fun and exciting way to bet on multiple games at once, but they should be used sparingly since they can be risky and expensive.

March Madness Futures Betting

A futures bet is a type of bet where you place a wager on an event that will happen in the future, such as the winner of the March Madness or who will take home MVP honors. Futures bets can be placed before the tournament starts or during the tournament, and the odds for these bets can change as the tournament progresses. Futures bets offer high potential payouts, but they are also difficult to win since you are predicting an outcome that won’t be determined until a later time. A March Madness futures bet could involve placing a wager on a team to win the tournament before the tournament starts, with the odds for the bet changing based on the team’s performance throughout the tournament.”

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March Madness Betting Odds – March 17, 2023

Before placing a bet on a March Madness game, it’s important to check the betting odds. The odds can give you a sense of which team is favored to win and by how much. Of course, this helps inform your betting decisions. The more you know, the less o

Here’s a look at the March Madness betting odds today.

#10 USC vs.#7 Michigan StateSpartans (-2)
#3 Baylor vs. #14 U.C. Santa BarbaraBears (-10.5)
#5 St. Mary’s vs. #12 VCUSaint Mary’s (-4)
#2 Marquette vs. #15 VermontGolden Eagles (-10)

As you can tell by now, the NCAA Tournament is an exciting time for sports bettors, but it’s important to approach betting strategically in order to increase your chances of success. By researching the teams and following our March Madness betting guide, you’ll be cashing in a huge parlay in no time. Before you do though, claim your bonus cash and take advantage of college basketball betting today.

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