How To Bet The Ncaa Tournament

• These are bets like who is going to win the regular season conference title, conference tournament, and NCAA tournament. You only have to risk a small amount for a big payout. But, the down side is your money will be tied up for a long period of time.
• When betting totals, you will need to determine if the total number of points scored in the game will go OVER or UNDER the oddsmaker's set number. If the total is set at 149 for a matchup between Kentucky and Missouri and the final score is 73-69 for the Tigers, it means the combined score is 142. If you took the UNDER, you'd win your wager.

Here's a handy run-down of March and April tournament odds and markets, from the simplest bets to the most complex 'parlay' wagers on Men's and Women's college basketball combined with other sports. March Madness Total Bets: Betting the Over/Under. The simplest line in sports betting - or in NCAA basketball - is the Over/Under.

What is March Madness?

A popular annual NCAA men's basketball tournament, the event takes place over a three-week period and the betting action on the tournament brings in record handles for sportsbooks in the United States.

The tournament is a single-elimination format that consists of 68 teams and those schools are announced on 'Selection Sunday' – which is an event in itself. The 2021 selection show takes place on Sunday March 14, 2021 at 6:00 p.m. ET and is televised nationally in the United States on CBS, one of the largest broadcast companies.

Pundits often try to predict the full bracket before the event and the term 'Bracketology' is used in many sports betting circles. The brackets are divided into four regions, split up geographically in the United States. All of the March Madness games are played on neutral courts and the regional final takes place at a large venue.

Sweet 16

With over 350 NCAA men's teams eligible to compete and earn a bid to the NCAA Tournament, securing a spot in the Sweet 16 is a major accomplishment. When betting on March Madness futures or competing in a Bracket Contest, predicting the Sweet 16 is essential for all of your wagers. In order to reach the Sweet 16, teams will have to win their first two games and sometimes three if schools had to qualify from the 'First Four' matchups.

Eight schools compete in the 'First Four' games on Thursday March 18 from two venues -- Mackey Arena and Simon Skjodt Assembly Hall -- located in Indiana.

The March Madness the field of 64 is cut in half to 32 and eventually 16 after the first and second rounds are completed. Even though there are 16 teams still standing, it's quite common to see mismatches on paper as far as the seedings go. A double-digit seeded school have made plenty of appearances in this round and they're often listed as healthy underdogs by the oddsmakers.

This year's 2021 Sweet 16 matchups will take place from two venues from the state of Indiana. These games are also known as the Regional Semifinals.

• Bankers Life Fieldhouse
• Hinkle Fieldhouse

Elite Eight

Even bigger than the Sweet 16 is the Elite Eight and schools playing in this round know how high the stakes are. The winners will advance to the Final Four while the losers are sent packing after winning three or possibly four NCAA Tournament games in a row. The point-spreads are usually much tighter in this round since the top contenders are left standing and the oddsmakers have a better understanding of the remaining clubs. It's not uncommon to see higher seeds last this long in the NCAA Tournament and plenty of those long shots or underdogs receive plenty of attention from bettors looking for upsets and major payouts.

Similar to the Sweet 16, the Elite Eight matchups will take place at the same venues with one day of rest between the games. These games are also known as the Regional Finals.

For the 2021 NCAA Tournament, the Elite Eight will take place at Lucas Oil Stadium on Monday March 29 and Tuesday March 30.

The Final Four is put simply, the final four teams left in the NCAA Tournament and those squads will meet in a pair of semifinal matchups. The winners will advance to the March Madness championship while the losers join many other schools who just missed out on a trip to the title game. The Final 4 always takes place on the first Saturday in April, this year's event taking place on April 3, 2021 at Lucas Oil Stadium in Indianapolis, Indiana.

Best casinos near nyc. Expecting at least one No. 1 seed to be playing in the Final 4 is very likely. Since the tournament expanded in 1985 to 64 teams, there have only been two years where the Final Four didn't have a No. 1 seed which occurred in 2011 and 2006. Keep in mind that expecting all top seeds to advance is also rare. There has only been one instance where all four No. 1 seeds reached the Final Four, which took place in 2008 when Kansas, Memphis, North Carolina and UCLA earned regional bids.

Since the expansion of the NCAA Tournament occurred in 1985, Duke leads all schools with 12 all-time appearances in the Final Four while Kansas is next up with 18.

2019 Final Four Schools (Seeds)

Virginia (1)
Michigan State (2)
Texas Tech (3)
Auburn (5)

Lucky No. 11

The lowest seed to make the Final 4 was the No. 11. This happened four times since 1985 and most recently with Loyola-Chicago in the 2018 NCAA Tournament. Other teams included were Virginia Commonwealth (2011), George Mason (2006) and LSU (1986).

Along with that quartet, the only other double-digit seeds to make the Final 4 was Syracuse, who earned a trip in 2016 as a No. 10 seed.

UConn remains the lowest modern-day seeded team to win the NCAA Tournament. The Huskies of Connecticut accomplished the feat in the 2007 tournament as the No. 7 seed. Villanova, an eighth seed, captured the 1984-85 tournament over Georgetown.

Most Popular March Madness Tools

March Madness Bracket Explained

Betting on March Madness is one of the most popular sports betting events and it's format caters to the masses of not just sports bettors but for individuals who like to compete in a contests against friends, employees and strangers. The Bracket is a single-elimination contest where individuals must pick the winner of head-to-head matchups and forecast ahead before future matchups are determined.

Predicting a perfect March Madness Bracket is quite difficult and some experts have stated that you have a 1 in 9.2 quintillion chance. So if you see many websites and operators offering a guaranteed $1 Million Dollars for a perfect bracket, you can see that the odds are against you and the reward should be much higher. For those wondering, there has never

Nonetheless, the tournament has everybody glued to their Brackets especially for the first round since that's where many upsets take place. Going 32-0 isn't impossible and it's been done many times before but seeing your March Madness Bracket go unscathed through the opening weekend is rare and that would require you to post 16 more winners and improve to 48-0.

The Sweet 16 and Elite Eight weekend follows and participants will be following 12 games before the Final Four and Championship, which is a total of 63 games to predict. While the point-spread isn't used in the March Madness Bracket, predicting straight up winners isn't as easy as it looks -- especially when you don't know the matchups beforehand.

The VegasInsider.com Live Brackets is a great feature to follow your selections and our Printable Brackets will allow you to write-in your selections as you see fit.

March Madness Dates

The NCAA Tournament and March Madness Betting research begins on 'Selection Sunday' as the field of 68 teams are announced. After the brackets are filled in, the March Madness format is followed with all games being played at neutral sites.

• First Four - Thursday 18, 2021
• First Round - Fri/Sat, March 19-20, 2021
• Second Round - Sun/Mon, March 21-22, 2021
• Sweet 16 - Sat/Sun, March 27-28, 2021
• Elite Eight - Mon/Tue, March 29-30, 2021
• Final Four - Saturday, April 3, 2021
• NCAA Championship Game - Monday, April 5, 2021

Types of NCAA Tournament Bets

Bracket Pool

The March Madness Bracket Pool is a great contest that continues to rise in popularity among bettors and non-bettors. There is no barrier to entry and it's easy to participate, whether it be online or offline. All you need to do is find a group of colleagues and be on your way to predicting the outcome of the entire NCAA Tournament. The individual with the best prediction skills will be the overall winner of the Bracket Pool. Most pools start with an entry fee, decided by the pool leader, and all of the entries must be completed by the first matchup. That initial game usually takes place at 12:00 p.m. ET on the first Thursday after Selection Sunday, this year it will be on Friday March 19. For the 2021 March Madness event, your deadline to submit picks will be on Friday, Mar. 19, 2021.

Game Lines

The key to betting on March Madness is understanding the lines or betting odds. After 'Selection Sunday' takes place and the field of 68 is announced, the oddsmakers start to post opening lines on all of the matchups. Our Las Vegas Odds and Global Odds will begin to populate opening numbers for all of the matchups in the NCAA Tournament.

March Madness bettors can toggle between three different sections.

• Spread
• Money Line
• 1st Half

The game lines for the Spread show the point-spread odds, which are the most popular. Bettors playing totals or 'over/under' wagers are also listed on this page. The Money-Line odds cater to bettors looking to place wagers on the straight up outcome of a matchup, meaning the point-spread doesn't come into play. The 1st Half is catered to savvy bettors who like to get their juices going early. These bets are focused on the first 20 minutes of each March Madness matchup.

Point-Spread Bet

The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.

Example - Point-Spread

Duke -10
Kansas +10

In the above example, if you wanted to back Duke as a 10-point favorite then you would need them to beat Kansas by 11 or more points to win your wager. If you wagered on Kansas, then you would need them to win the game outright or lose by less than 10 points.

Any victory by Duke by nine points or less would result in a loss, even though they won the game straight-up.

Assuming the final margin falls on 10 in this case, a ‘push' occurs, which is a tie, meaning all tickets are refunded.

How To Get Ncaa Tournament Tickets

Money-Line Bet

In basketball, the standard betting practice is to lay (bet) $110 to win $100. When we learn about betting baseball and hockey, the money-line is the main form of wagering, meaning no point-spread. There is money-line betting in basketball in case you don't want to worry about the points. However, the odds are adjusted accordingly for both the favorite and underdog.

Example - Money-Line

Duke -550
Kansas +400

In the above example, a straight-up wager on Duke would require you to invest more to win more since its been listed as a large favorite. Since Duke is -550, you would wager $550 to win $100. If you only had $100 to wager, then your return would be $18.18 (100/550). On the flip side, if you have enough faith in Kansas to beat Duke outright as a heavy underdog, then you can place $100 to return $400. You would receive $500, which includes your initial stake.

Over/Under Bet

Another popular betting option for March Madness games is the 'over/under' or what many may refer to as the total. This wager is a cooperative effort between the two teams to either go ‘Over' or ‘Under' the posted total. In March Madness, if Duke and Kansas have a game total of 150 ½, a winning 'Over' bet would mean the two clubs would combine for 151 points or more. On the flip side, a winning ‘Under' ticket is 150 points or fewer between the two teams.

Parlay/Teaser

A Parlay is a single bet that links together two or more individual wagers for a high payout. Parlay wagers can include point-spread, money-line and over-under wagers.

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. Depending on the sportsbook, a parlay could still be alive if one or more of the selections ends in a tie, postponed game or canceled event. If that happens, the parlay is knocked down a straight wager or a lower parlay.

The VegasInsider.com Parlay Calculator is a useful betting resource for March Madness and it provides bettors with a chance to calculate winnings based on the fixed payouts.

Similar to a parlay wager, a Teaser is a type of bet that allows you to combine your bets on two or more different games. The return isn't as high as parlays but bettors will gain an advantage with these bets by adding or subtracting points to either a point-spread or a total (over/under). The majority of sportsbooks will offer 4, 4.5 and 5 point teaser wagers for March Madness.

Example - Original Line

Duke -10
Over 150 ½

Example - Teaser Bet (4 Points)

Duke -6
Over 146 ½

A bettor taking Duke (-10) and the Over (150 ½) in a two-team Teaser for 4 points would lower the point-spread on Duke to -6 and also drop the Over down to 146 ½. For the Teaser to cash, Duke must win by 7 or more points and the combined points in the game must exceed 147.

Futures Bet

You can bet on a NCAA tournament championship pick throughout the season and during the year but the College Basketball Futures market always heats up in March. Betting and winning on the Men's Division winner are obviously two different things but VegasInsider.com has all the resources to help guide you the right way. Figuring out how to make the bet is simple. All sportsbooks offer Future Odds and after selecting College Basketball Men's Division winner, you'll see the school and then the corresponding odds.

When you place a Future Odds wager, you're locking up your money on an event that takes place at later time. The winner is crowned in April and bettors will winning wagers will be paid based on fixed odds when the bet was placed. To figure out your Win Amount, take the odds and multiply by the amount wagered.

Example
Duke 10/1 odds to win NCAA Tournament (Bet $100 to win $1,000)

Past NCAA Basketball Champions

The NCAA Men's Basketball Tournament determines winner of the national championship of the major college basketball teams in Division 1. The VegasInsider.com History page provides a comprehensive list of the past NCAA Basketball Champions and the betting results for the title game, which includes the outcome for the favorite-underdog and over-under.

Listed below are the last 10 NCAA Basketball Champions and their seeds.

• 2019 - Virginia (1)
• 2018 - Villanova (1)
• 2017 - North Carolina (1)
• 2016 - Villanova (2)
• 2015 - Duke (1)
• 2014 - Connecticut (7)
• 2013 - Louisville (1)
• 2012 - Kentucky (1)
• 2011- Connecticut (3)
• 2010 - Duke (1)

A lot of people love college basketball. If you consider yourself an expert on the sport then you might want to try to make some money off of your knowledge. You can do this by betting on games. There are a lot of options when it comes to betting NCAA basketball. But, with this article I'm going to make sure you are well versed with each one.

Point Spreads (Sides)

Most basketball bets are made on the point spreads. This is the easiest wager to understand. The sportsbook puts out a number to try and balance out the action on each side. If you want to wager on the favorite then you subtract the spread from that team's score. If your team still has more points then you win the wager, if not you lose. For underdogs you add the point spread to that team's total to see if they cover or not.

On nearly every basketball point spread you will lay -110 to win 100. However, using a reduced juice sportsbook like 5 Dimes allows you to bet $105 to profit $100.

Here is an example of what I'm talking about:

Iowa +10
Michigan -10

In this example if you want Iowa you will bet $11 to win $10 (or any denomination thereof). If Iowa beats the Wolverines or loses by less than 10 points your bet will cash. The only way you will lose is if Iowa loses by more than 10 points.

By taking Michigan you are only going to collect if they beat Iowa by more than 10 points. A win by less than 10 points means you lose.

If Michigan wins by exactly 10 points then you push. The amount you bet is returned back to you.

Money Lines

Money lines are straight forward wagers on who is going to take the game straight up. You don't have to worry about a point spread. The sportsbook manages risk by using a number that tells you how much you have to risk to collect $100 in winnings. For favorites a minus (-) sign is used to tell the gambler how much he has to put at stake to profit $100. The underdogs get a plus (+) sign to signal how much a bettor can cash in on a $100 wager. Let's take a look at another example.

Iowa +250
Michigan -270

In this example when you think Michigan will beat the Hawks you have to gamble $270 to win $100. A $100 bet on Iowa would get you $250. The more likely the favorite is to be victorious, the higher the numbers will be. If two evenly matched squads are facing off both money lines will be close to -110.

You can read more on understanding money lines or take a look at our conversion chart to see the percentage chance of each team winning at any given line.

Totals (Over/Unders)

Do you think two teams are going to play a high or low scoring game? If so then gambling on the total might be your best option. The sportsbook releases a number and you have a chance to wager on whether you think the total points scored by both teams will go over or under that number. For example if the total is 144.5 any bet on the 'over' will cash if 145 points or more are scored in the game. If both teams add up to 144 or less, 'under' wagers cash.

Parlays

Here's a handy run-down of March and April tournament odds and markets, from the simplest bets to the most complex 'parlay' wagers on Men's and Women's college basketball combined with other sports. March Madness Total Bets: Betting the Over/Under. The simplest line in sports betting - or in NCAA basketball - is the Over/Under.

What is March Madness?

A popular annual NCAA men's basketball tournament, the event takes place over a three-week period and the betting action on the tournament brings in record handles for sportsbooks in the United States.

The tournament is a single-elimination format that consists of 68 teams and those schools are announced on 'Selection Sunday' – which is an event in itself. The 2021 selection show takes place on Sunday March 14, 2021 at 6:00 p.m. ET and is televised nationally in the United States on CBS, one of the largest broadcast companies.

Pundits often try to predict the full bracket before the event and the term 'Bracketology' is used in many sports betting circles. The brackets are divided into four regions, split up geographically in the United States. All of the March Madness games are played on neutral courts and the regional final takes place at a large venue.

Sweet 16

With over 350 NCAA men's teams eligible to compete and earn a bid to the NCAA Tournament, securing a spot in the Sweet 16 is a major accomplishment. When betting on March Madness futures or competing in a Bracket Contest, predicting the Sweet 16 is essential for all of your wagers. In order to reach the Sweet 16, teams will have to win their first two games and sometimes three if schools had to qualify from the 'First Four' matchups.

Eight schools compete in the 'First Four' games on Thursday March 18 from two venues -- Mackey Arena and Simon Skjodt Assembly Hall -- located in Indiana.

The March Madness the field of 64 is cut in half to 32 and eventually 16 after the first and second rounds are completed. Even though there are 16 teams still standing, it's quite common to see mismatches on paper as far as the seedings go. A double-digit seeded school have made plenty of appearances in this round and they're often listed as healthy underdogs by the oddsmakers.

This year's 2021 Sweet 16 matchups will take place from two venues from the state of Indiana. These games are also known as the Regional Semifinals.

• Bankers Life Fieldhouse
• Hinkle Fieldhouse

Elite Eight

Even bigger than the Sweet 16 is the Elite Eight and schools playing in this round know how high the stakes are. The winners will advance to the Final Four while the losers are sent packing after winning three or possibly four NCAA Tournament games in a row. The point-spreads are usually much tighter in this round since the top contenders are left standing and the oddsmakers have a better understanding of the remaining clubs. It's not uncommon to see higher seeds last this long in the NCAA Tournament and plenty of those long shots or underdogs receive plenty of attention from bettors looking for upsets and major payouts.

Similar to the Sweet 16, the Elite Eight matchups will take place at the same venues with one day of rest between the games. These games are also known as the Regional Finals.

For the 2021 NCAA Tournament, the Elite Eight will take place at Lucas Oil Stadium on Monday March 29 and Tuesday March 30.

The Final Four is put simply, the final four teams left in the NCAA Tournament and those squads will meet in a pair of semifinal matchups. The winners will advance to the March Madness championship while the losers join many other schools who just missed out on a trip to the title game. The Final 4 always takes place on the first Saturday in April, this year's event taking place on April 3, 2021 at Lucas Oil Stadium in Indianapolis, Indiana.

Best casinos near nyc. Expecting at least one No. 1 seed to be playing in the Final 4 is very likely. Since the tournament expanded in 1985 to 64 teams, there have only been two years where the Final Four didn't have a No. 1 seed which occurred in 2011 and 2006. Keep in mind that expecting all top seeds to advance is also rare. There has only been one instance where all four No. 1 seeds reached the Final Four, which took place in 2008 when Kansas, Memphis, North Carolina and UCLA earned regional bids.

Since the expansion of the NCAA Tournament occurred in 1985, Duke leads all schools with 12 all-time appearances in the Final Four while Kansas is next up with 18.

2019 Final Four Schools (Seeds)

Virginia (1)
Michigan State (2)
Texas Tech (3)
Auburn (5)

Lucky No. 11

The lowest seed to make the Final 4 was the No. 11. This happened four times since 1985 and most recently with Loyola-Chicago in the 2018 NCAA Tournament. Other teams included were Virginia Commonwealth (2011), George Mason (2006) and LSU (1986).

Along with that quartet, the only other double-digit seeds to make the Final 4 was Syracuse, who earned a trip in 2016 as a No. 10 seed.

UConn remains the lowest modern-day seeded team to win the NCAA Tournament. The Huskies of Connecticut accomplished the feat in the 2007 tournament as the No. 7 seed. Villanova, an eighth seed, captured the 1984-85 tournament over Georgetown.

Most Popular March Madness Tools

March Madness Bracket Explained

Betting on March Madness is one of the most popular sports betting events and it's format caters to the masses of not just sports bettors but for individuals who like to compete in a contests against friends, employees and strangers. The Bracket is a single-elimination contest where individuals must pick the winner of head-to-head matchups and forecast ahead before future matchups are determined.

Predicting a perfect March Madness Bracket is quite difficult and some experts have stated that you have a 1 in 9.2 quintillion chance. So if you see many websites and operators offering a guaranteed $1 Million Dollars for a perfect bracket, you can see that the odds are against you and the reward should be much higher. For those wondering, there has never

Nonetheless, the tournament has everybody glued to their Brackets especially for the first round since that's where many upsets take place. Going 32-0 isn't impossible and it's been done many times before but seeing your March Madness Bracket go unscathed through the opening weekend is rare and that would require you to post 16 more winners and improve to 48-0.

The Sweet 16 and Elite Eight weekend follows and participants will be following 12 games before the Final Four and Championship, which is a total of 63 games to predict. While the point-spread isn't used in the March Madness Bracket, predicting straight up winners isn't as easy as it looks -- especially when you don't know the matchups beforehand.

The VegasInsider.com Live Brackets is a great feature to follow your selections and our Printable Brackets will allow you to write-in your selections as you see fit.

March Madness Dates

The NCAA Tournament and March Madness Betting research begins on 'Selection Sunday' as the field of 68 teams are announced. After the brackets are filled in, the March Madness format is followed with all games being played at neutral sites.

• First Four - Thursday 18, 2021
• First Round - Fri/Sat, March 19-20, 2021
• Second Round - Sun/Mon, March 21-22, 2021
• Sweet 16 - Sat/Sun, March 27-28, 2021
• Elite Eight - Mon/Tue, March 29-30, 2021
• Final Four - Saturday, April 3, 2021
• NCAA Championship Game - Monday, April 5, 2021

Types of NCAA Tournament Bets

Bracket Pool

The March Madness Bracket Pool is a great contest that continues to rise in popularity among bettors and non-bettors. There is no barrier to entry and it's easy to participate, whether it be online or offline. All you need to do is find a group of colleagues and be on your way to predicting the outcome of the entire NCAA Tournament. The individual with the best prediction skills will be the overall winner of the Bracket Pool. Most pools start with an entry fee, decided by the pool leader, and all of the entries must be completed by the first matchup. That initial game usually takes place at 12:00 p.m. ET on the first Thursday after Selection Sunday, this year it will be on Friday March 19. For the 2021 March Madness event, your deadline to submit picks will be on Friday, Mar. 19, 2021.

Game Lines

The key to betting on March Madness is understanding the lines or betting odds. After 'Selection Sunday' takes place and the field of 68 is announced, the oddsmakers start to post opening lines on all of the matchups. Our Las Vegas Odds and Global Odds will begin to populate opening numbers for all of the matchups in the NCAA Tournament.

March Madness bettors can toggle between three different sections.

• Spread
• Money Line
• 1st Half

The game lines for the Spread show the point-spread odds, which are the most popular. Bettors playing totals or 'over/under' wagers are also listed on this page. The Money-Line odds cater to bettors looking to place wagers on the straight up outcome of a matchup, meaning the point-spread doesn't come into play. The 1st Half is catered to savvy bettors who like to get their juices going early. These bets are focused on the first 20 minutes of each March Madness matchup.

Point-Spread Bet

The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.

Example - Point-Spread

Duke -10
Kansas +10

In the above example, if you wanted to back Duke as a 10-point favorite then you would need them to beat Kansas by 11 or more points to win your wager. If you wagered on Kansas, then you would need them to win the game outright or lose by less than 10 points.

Any victory by Duke by nine points or less would result in a loss, even though they won the game straight-up.

Assuming the final margin falls on 10 in this case, a ‘push' occurs, which is a tie, meaning all tickets are refunded.

How To Get Ncaa Tournament Tickets

Money-Line Bet

In basketball, the standard betting practice is to lay (bet) $110 to win $100. When we learn about betting baseball and hockey, the money-line is the main form of wagering, meaning no point-spread. There is money-line betting in basketball in case you don't want to worry about the points. However, the odds are adjusted accordingly for both the favorite and underdog.

Example - Money-Line

Duke -550
Kansas +400

In the above example, a straight-up wager on Duke would require you to invest more to win more since its been listed as a large favorite. Since Duke is -550, you would wager $550 to win $100. If you only had $100 to wager, then your return would be $18.18 (100/550). On the flip side, if you have enough faith in Kansas to beat Duke outright as a heavy underdog, then you can place $100 to return $400. You would receive $500, which includes your initial stake.

Over/Under Bet

Another popular betting option for March Madness games is the 'over/under' or what many may refer to as the total. This wager is a cooperative effort between the two teams to either go ‘Over' or ‘Under' the posted total. In March Madness, if Duke and Kansas have a game total of 150 ½, a winning 'Over' bet would mean the two clubs would combine for 151 points or more. On the flip side, a winning ‘Under' ticket is 150 points or fewer between the two teams.

Parlay/Teaser

A Parlay is a single bet that links together two or more individual wagers for a high payout. Parlay wagers can include point-spread, money-line and over-under wagers.

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. Depending on the sportsbook, a parlay could still be alive if one or more of the selections ends in a tie, postponed game or canceled event. If that happens, the parlay is knocked down a straight wager or a lower parlay.

The VegasInsider.com Parlay Calculator is a useful betting resource for March Madness and it provides bettors with a chance to calculate winnings based on the fixed payouts.

Similar to a parlay wager, a Teaser is a type of bet that allows you to combine your bets on two or more different games. The return isn't as high as parlays but bettors will gain an advantage with these bets by adding or subtracting points to either a point-spread or a total (over/under). The majority of sportsbooks will offer 4, 4.5 and 5 point teaser wagers for March Madness.

Example - Original Line

Duke -10
Over 150 ½

Example - Teaser Bet (4 Points)

Duke -6
Over 146 ½

A bettor taking Duke (-10) and the Over (150 ½) in a two-team Teaser for 4 points would lower the point-spread on Duke to -6 and also drop the Over down to 146 ½. For the Teaser to cash, Duke must win by 7 or more points and the combined points in the game must exceed 147.

Futures Bet

You can bet on a NCAA tournament championship pick throughout the season and during the year but the College Basketball Futures market always heats up in March. Betting and winning on the Men's Division winner are obviously two different things but VegasInsider.com has all the resources to help guide you the right way. Figuring out how to make the bet is simple. All sportsbooks offer Future Odds and after selecting College Basketball Men's Division winner, you'll see the school and then the corresponding odds.

When you place a Future Odds wager, you're locking up your money on an event that takes place at later time. The winner is crowned in April and bettors will winning wagers will be paid based on fixed odds when the bet was placed. To figure out your Win Amount, take the odds and multiply by the amount wagered.

Example
Duke 10/1 odds to win NCAA Tournament (Bet $100 to win $1,000)

Past NCAA Basketball Champions

The NCAA Men's Basketball Tournament determines winner of the national championship of the major college basketball teams in Division 1. The VegasInsider.com History page provides a comprehensive list of the past NCAA Basketball Champions and the betting results for the title game, which includes the outcome for the favorite-underdog and over-under.

Listed below are the last 10 NCAA Basketball Champions and their seeds.

• 2019 - Virginia (1)
• 2018 - Villanova (1)
• 2017 - North Carolina (1)
• 2016 - Villanova (2)
• 2015 - Duke (1)
• 2014 - Connecticut (7)
• 2013 - Louisville (1)
• 2012 - Kentucky (1)
• 2011- Connecticut (3)
• 2010 - Duke (1)

A lot of people love college basketball. If you consider yourself an expert on the sport then you might want to try to make some money off of your knowledge. You can do this by betting on games. There are a lot of options when it comes to betting NCAA basketball. But, with this article I'm going to make sure you are well versed with each one.

Point Spreads (Sides)

Most basketball bets are made on the point spreads. This is the easiest wager to understand. The sportsbook puts out a number to try and balance out the action on each side. If you want to wager on the favorite then you subtract the spread from that team's score. If your team still has more points then you win the wager, if not you lose. For underdogs you add the point spread to that team's total to see if they cover or not.

On nearly every basketball point spread you will lay -110 to win 100. However, using a reduced juice sportsbook like 5 Dimes allows you to bet $105 to profit $100.

Here is an example of what I'm talking about:

Iowa +10
Michigan -10

In this example if you want Iowa you will bet $11 to win $10 (or any denomination thereof). If Iowa beats the Wolverines or loses by less than 10 points your bet will cash. The only way you will lose is if Iowa loses by more than 10 points.

By taking Michigan you are only going to collect if they beat Iowa by more than 10 points. A win by less than 10 points means you lose.

If Michigan wins by exactly 10 points then you push. The amount you bet is returned back to you.

Money Lines

Money lines are straight forward wagers on who is going to take the game straight up. You don't have to worry about a point spread. The sportsbook manages risk by using a number that tells you how much you have to risk to collect $100 in winnings. For favorites a minus (-) sign is used to tell the gambler how much he has to put at stake to profit $100. The underdogs get a plus (+) sign to signal how much a bettor can cash in on a $100 wager. Let's take a look at another example.

Iowa +250
Michigan -270

In this example when you think Michigan will beat the Hawks you have to gamble $270 to win $100. A $100 bet on Iowa would get you $250. The more likely the favorite is to be victorious, the higher the numbers will be. If two evenly matched squads are facing off both money lines will be close to -110.

You can read more on understanding money lines or take a look at our conversion chart to see the percentage chance of each team winning at any given line.

Totals (Over/Unders)

Do you think two teams are going to play a high or low scoring game? If so then gambling on the total might be your best option. The sportsbook releases a number and you have a chance to wager on whether you think the total points scored by both teams will go over or under that number. For example if the total is 144.5 any bet on the 'over' will cash if 145 points or more are scored in the game. If both teams add up to 144 or less, 'under' wagers cash.

Parlays

You might have heard the term 'parlay' before and what this refers to is a combination of bets (sides and totals). Each one of the wagers has to win for you to cash in on your parlay. As you can see from the table below for a small amount of risk you have the opportunity to earn some pretty big returns.

*Note the payouts are for -110 bets. You can still parlay big favorites on the money line those but the payouts will be much less.

Teasers

You like a team to win but think the spread is a little high? Teasers are used to adjust the point spreads or totals more to your liking. Below is the table that illustrates how many points you are allowed move the odds in your favor and the payout for the number of teams you select.

*Courtesy of Bookmaker.

Ncaa Tournament Dates And Locations

Our NCAA basketball teaser guide shows you which spreads are better than others. You will also want to make sure you get the best teaser odds on each of the different possibilities.

Props

On popular, nationally televised games the sportsbooks will sometimes release prop bets. These are wagers you can place on how many points, rebounds, assists or another stat a player will have in a game. The options for prop bets are endless. There are matchup stats between players as well.

The only problem with proposition wagers is the juice is sometimes higher.

Futures

You want a wager that will last a long time? Take a look at the college basketball futures odds. These are bets like who is going to win the regular season conference title, conference tournament, and NCAA tournament. You only have to risk a small amount for a big payout. But, the down side is your money will be tied up for a long period of time.

Best Ncaa Bets Today

Halftimes

For sides and totals you don't just have to take something for the entire game. There are options to gamble on just the first or second half. First half bets are a good tool to use if you think a big favorite is going to jump on a team early. Second half lines are best used only when watching a game. Did a team have some bad breaks? Did their opponent shoot lights out from outside? I wouldn't take a favorite who is down at the half blindly. Sometimes the matchup just isn't as good as oddsmakers originally thought.

How To Bet On The Ncaa Tournament

Now that you know the different options for NCAA basketball take a look at our betting strategies. We teach you how to break down games, and what situations typically lead to profits.

How to Bet: