The March Madness tournament is one of the most popular and lucrative events in sports betting. It is a single-elimination tournament that occurs every year and features 67 games over 19 days. Betting on this event is a great way to enjoy the excitement of the NCAA tournament without spending too much money.
The NCAA Tournament begins on Selection Sunday, when the 68 teams that qualified for the tournament are announced and seeded. This is followed by the release of the brackets, which sparks a flurry of bets from fans and online sportsbooks alike.
Bettors can bet on individual games, futures and team odds using a range of different betting methods. The most common bets are moneyline, point spread and over/under wagers. Other bets include props and live wagers.
Betting on the NCAA Tournament is easy and fun, as you can place your bets on any game at any time. You can place your bets online, over the phone or via a mobile device, and you can even get a bonus for making your first deposit at certain March Madness sportsbooks.
There are a number of online sportsbooks to choose from, including DraftKings, FanDuel, BetMGM, Caesars Sportsbook and PointsBet. Most of these sites offer a variety of bonuses to attract new customers. The best March Madness sportsbooks also provide 24/7 customer support, and they can provide reliable advice to help you make the most profitable bets on your favorite college basketball team.
Before you make your bet, make sure the sportsbook accepts your preferred deposit method and limits. For example, Play+, American Express, Skrill and PayNearMe are all fast and convenient options that are available at a number of March Madness sportsbooks.
When betting on the March Madness Tournament, it is important to identify teams that have a history of winning in the postseason. This is often achieved through a strong regular-season schedule and a core group of upperclassmen who know how to win.
Other factors to consider when assessing a team’s prospects for success in the tournament include a winning streak, current form and momentum. We’ve seen numerous teams enter the tournament with a hot streak of wins that continue through the postseason.
The best strategy is to focus on teams that have a consistent win-loss record and a solid schedule. These factors are essential for identifying teams that will do well in the NCAA Tournament.
Another way to find value in the March Madness betting market is to look for teams with a good record against teams that are known for their style of play and pace of play. You can find these teams by digging into their opponents’ records and looking for recent win streaks.
It is also worth noting that the NCAA has an incredibly high rate of upsets. As a result, the underdogs tend to have a higher winning percentage than their favorites. This makes underdogs a particularly attractive bet for contrarian bettors.