March Madness is the annual NCAA Division I Men’s and Women’s Basketball Tournament, held each spring in the U.S. It’s one of the biggest sporting events of the year, known for its thrilling single-elimination format, upsets, and unpredictable outcomes. A total of 68 teams compete (men’s tournament), with the First Four games determining the final 64-team bracket. The women’s tournament also features 68 teams. Teams are divided into four regions, each seeded 1-16. Higher seeds play lower seeds in the early rounds. It is single-elimination so it its win or you are out. The last team standing wins the national championship. Here is a look at the NCAA Tournament format.

  • First Four: Four play-in games to finalize the bracket.
  • First & Second Rounds: Field narrows from 64 to 16 teams.
  • Sweet 16: The top 16 teams remain.
  • Elite Eight: Regional finals to determine the Final Four.
  • Final Four: The last four teams battle for a spot in the championship game.
  • National Championship: The final game determines the champion.

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March Madness Betting

March Madness betting markets are some of the most exciting in sports betting, offering a wide variety of options beyond just picking the tournament winner. Here are the main markets you can bet on:

1. Futures Bets

  • Tournament Winner – Bet on which team will win the NCAA championship.
  • Final Four Teams – Wager on a team to reach the Final Four.
  • Conference Winner – Some books offer odds on which conference the winning team will come from.

2. Game-Specific Bets

  • Moneyline – Straight-up winner of the game.
  • Point Spread – Betting on a team to win or cover a spread set by oddsmakers.
  • Total (Over/Under) – Betting on the combined points scored in a game.
  • First Half/Second Half Bets – Wagering on only one half of a game.

3. Prop Bets

  • Player Props – Bets on individual player performance (e.g., points, rebounds, assists).
  • Team Props – Bets on a team’s total points, three-pointers made, etc.
  • Race to X Points – Which team will reach a set number of points first.

4. Live Betting (In-Game Betting)

  • Adjusted point spreads, totals, and moneyline odds as the game progresses.
  • Next team to score or next player to hit a three-pointer.

5. Bracket Contests & Pools

  • Traditional bracket pools where you pick the winner of each game before the tournament starts.
  • Survivor pools where you pick one team per round but can’t pick the same team twice.

6. Exotic & Novelty Bets

  • Cinderella Specials – Betting on a double-digit seed to reach the Sweet 16 or further.
  • Conference vs. Conference Wins – Wagering on which conference will have the most wins in the tournament.
  • Over/Under on Seed Advancements – Betting on how many low seeds (e.g., No. 11 or worse) will reach a certain round.

March Madness Betting Tips

When you are betting March Madness there are numerous things to consider before playing your bet. Here are some of the best March Madness betting tips to remember as you bet the NCAA Tournament.

  • Upsets: Lower seeds often knock off higher seeds, making moneyline bets on underdogs appealing.
  • Seed Trends: Historically, No. 1 seeds dominate early, but mid-range seeds (4-8) often make deep runs.
  • Public Betting: Be aware of heavy public money influencing lines—sometimes betting against the public yields value.
  • In-Game Betting: Live betting lets you adjust based on how teams are performing.
  • Set a Budget and Stick to It: If you want to win in the long haul in sports betting and during March Madness you have to be disciplined.
  • Avoid Chasing Losses: This is another big key in March Madness betting and sports betting in general. You can’t lose control and expect to win in the long run.
  • Use Reputable Sportsbooks: It should go without saying that you have to choose sportsbooks you can trust, but so many gamblers forget this one simple fact.

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