March Madness Betting Guide: Bet On March Madness 2024

March Madness

As one of the most exciting basketball events of the year, betting on March Madness has become a top choice for online bettors. With this guide, bettors will learn about the best March Madness betting sites 2024, available promotions, basketball odds, March Madness betting tips, and more. Placing a bet on the NCAA tournament can yield top returns. With multiple betting options, fantastic odds, and live betting action, there is no better time to get in on the action.

Finding the Best March Madness Betting Site

Ready to start enjoying college basketball betting online? There are some amazing sportsbooks that provide many options to bet on March Madness. When choosing a betting site, there are some key things to consider. The first is the reputation of the sportsbook. Always choose a brand that is well-known and operates legally in your state. Each operating betting site will provide many options for placing a bet on this NCAA event. Here are some of the factors to consider when selecting the best sports betting site.

Competitive Betting Odds

The best March Madness betting site will have competitive odds and will often provide odds boosts during this basketball tourney. To maximize profits, always choose a betting site that is known for offering top odds. While the betting lines will vary for each game played, some online sports betting sites are known to provide enhanced college basketball odds.

March Madness Betting Promo Codes

Betting on March Madness online can be a thrilling experience and that is enhanced with the use of sportsbook promos. Many of the best sports betting apps and trusted sites will offer promos for new and returning customers. These can provide free bets, no-risk first bets, or free funds that can be used to place a variety of bets on any March Madness game.

Any promos provided will require a deposit to be made to an account. One of the top-paying offers is a new member offer, which will provide either a match bonus or a free bet offer. Returning customers are urged to check the Promotions page regularly during the 2024 March Madness tournament. There will be great odds boosts throughout the event that can boost overall payouts.

Sports Betting Apps

The best March Madness betting site will also offer an app that is compatible with Android and iOS devices. Using the app, customers can place a bet on March Madness anywhere, anytime, and benefit from the top promos. With sportsbook betting apps, all of the same features will be presented. There may even be special bonus offers for those who sign up for a new account through the app.

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How to Bet on March Madness

Those located in a state where legal betting is allowed will be able to take advantage of amazing opportunities to bet on March Madness. Once a trusted March Madness betting site has been selected, the process of placing a wager is pretty simple.

1. Access the account and head to the basketball section.

Here, the NCAA tournament will be listed, along with the many options for bets during the tournament. Given the enormous popularity of the tournament, most sportsbooks will even have a giant banner on the home page which you can click to quickly access the March Madness betting section. 

2. Shop around (Shop!)

If you see a betting line you'd like to take, we strongly advise doing a little research to make sure you're getting the best deal on odds. Once you've found a bet that has good odds, select a bet amount, and add the bet to the bet slip. Once all selections have been made, the bets will become live. Once games come to an end, every bet will be settled and payouts will be automatically credited to the account.

3. Rinse and Repeat

Now that you've (hopefully) cashed in on that underdog pick, get ready to repeat the process and do a little odds-shopping for your next bet! Be sure to check out some of the great March Madness bets that can be enjoyed online.

Our March Madness Betting Tips

With the March Madness tournament just around the corner, it's time to start considering some betting strategies. From researching which teams are hot, which are underrated or overrated, and current player form to understanding the different types of bets, there are several factors to consider when placing a March Madness bet. Here are our top tips for both newbies and seasoned bettors alike which will help you make more informed decisions and boost your bankroll this March. 

March Madness Bracket Betting

Placing a bet on a March Madness bracket contest is one of the most common ways to bet on this college basketball tournament. With bracket betting, just fill out the bracket, choosing a winner for each game that will be played. Once selections are made, enter the bracket bets into a paid contest. A top-rated March Madness betting site will offer great payouts. Big contests will typically offer payouts to the top 15% and the best bracket will receive the largest share.

A March Madness bracket will begin with 64 college teams, so there are 63 games to place a bet on. For every correct selection, points will be earned. For each tourney round played, the points that can be earned will increase. With 7 rounds of betting in the 2024 NCAA tournament, there are some super chances to rack up points. The bettors with the most accumulated points at the end of the tournament will receive payouts from the prize pool. Using listed betting odds at a betting site is a good way to make March Madness bracket decisions.

March Madness bracket betting is a competition between other people, not against the sportsbook. It is all about who can predict the most results of games that are played during the NCAAB tournament.

An important note before continuing this online March Madness betting guide- many states have restrictions on college sports betting which unfortunately keeps thousands of bettors from participating in one of the most thrilling betting events of the year. Be sure to check your state's legal sports betting rules before gearing up to place your NCAAB tournament bets. 

Types of Bets at Top March Madness Betting Sites

When it comes time to place a bet at a leading betting site, there will be a variety of options. As one of the most popular NCAA events ever, the best sports betting sites will have competitive odds and exciting promos to enhance the betting experience. Check out these different types of bets that can be placed and enjoy the action in 2024!

  • Point Spreads – The most common bet type in basketball is the point spread. With this, the online betting site will set a gap between the teams in order to balance competition. To win, the spread favorite must win by more than the amount listed or the underdog must lose by less than the amount.

  • Money Line – The easiest way to bet on March Madness is with the money line. This is a simple bet where one will predict who the winner of the game will be.

  • Over/Under – An over/under bet will be a wager based on the points scored by both teams during NCAA tournament games. Bettors will choose whether the total score will be over or under the amount the betting site has listed.

  • Team Props – March Madness prop bets are what make online sports betting exciting. With these, there are endless things that can be bet on. Place a bet on how many fouls during a game, how many threes are made, will a particular player foul out, and more. 

  • Futures – Futures provide favorable March Madness odds and many of these bets will pay more than standard bets. Sports betting sites will have various future options. Some of the popular bets include what teams will make the Final Four, who will win the First Round, what team will win the National Championship, and even what player will be named the NCAA basketball tournament MVP.

  • Parlays – Parlays are very popular since multiple bets can be combined to collect a massive payout. Since there are multiple games being played at once during March Madness, these bets provide a great way to place more than one bet. While parlay bets can produce large returns, they are risky. To win the bet, every leg must win. If one wrong selection is made, the entire bet is lost.

Live Betting on March Madness Online

Get the most excitement from online betting by choosing betting sites that feature Live Betting. With this, a bet can be placed in real time and there are different betting options offered. With live bets, the March Madness betting odds are always being updated and a bet can be placed right up until the end of a game. The best profits can be earned by placing a bet later in a basketball game, especially if one team is showing a clear advantage. 

Live betting will become even more exhilarating as the tournament progresses. Betting on the Final Four is very common and the odds for these games can be among the best in sports. Be sure to check the odds at various sports betting apps or compare top March Madness betting sites online. Live bets on Elite 8 and Final Four tournament games will provide the best betting experience.

Understanding March Madness Odds

The key to successful betting on March Madness comes from knowing how odds work. Each betting option will have updated odds. Top US sportsbooks all use American odds, which use a + or – symbol to indicate favorites and underdogs. When the number is smaller, there is a better chance that the team will win. 

The odds can show bettors how much they can win if they place a winning bet. For example, if a bet of $100 is placed at +200 odds, the payout would include $200 in winnings in addition to the initial bet amount being returned. When there are negative odds, things are a bit different, In this case, the number shown states how much must be wagered to receive a payout of $100. So if the odds are at -200, a bet of $200 is required to get a $100 win plus the original stake amount.

Throughout the tournament, the odds will constantly change. When teams are eliminated, the odds for the remaining teams will become shorter. Odds for futures will also be impacted by team performance. Injuries can also alter the odds after each game. The best way to win March Madness bets is to track odds and compare them at various sportsbooks.

When looking at odds for live betting, bettors need to keep a close eye on things. These odds will change after every play in the game and can fluctuate drastically. One big three-pointer or a foul out could have a huge impact on the odds. Those who want a fast-paced experience when placing a bet on March Madness should definitely consider live betting since the odds can lead to great profits.

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