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March Madness Betting: How to Bet on March Madness
Few sporting events match the frenzy, excitement and unpredictability of March Madness. With 68 college basketball teams competing in a single-elimination tournament, there are endless opportunities for great plays—and great bets. Whether you’re a first-time bettor or a seasoned sports fan looking to fine-tune your strategy, this page will show you how to bet on March Madness and make the most of every round.
What Is March Madness Betting?
March Madness betting refers to placing wagers on the annual NCAA Men’s Division I Basketball Championship. The tournament, known for its thrilling matchups and upset victories, attracts both casual and serious bettors. Here’s why:
Single Elimination: With each loss spelling the end of a team’s run, the stakes are incredibly high. This unique format can produce unexpected outcomes, creating numerous betting opportunities.
Seeding Upsets: Lower-seeded teams regularly pull off surprise wins, making for exciting underdog bets.
Bracket Culture: Fans often fill out brackets predicting winners, but there’s also a robust betting market for individual games, props, and more.
How to Bet on the Tournament
If you're new to college basketball betting, the process is straightforward. Here’s a step-by-step rundown:
Choose a Sportsbook
Compare reputable sportsbooks and select one that offers competitive odds and promotions tailored for the College Basketball Tournament.
Make sure to check your local regulations and verify that the sportsbook is licensed in your area.
Create an Account and Deposit
Sign up and complete any required identity verification.
Take advantage of new-user bonuses or deposit-match offers, especially around tournament time.
Understand Basic Bet Types
Moneyline: Bet on a team to win the game outright.
Point Spread: Bet on whether a favorite can win by a certain margin or if an underdog can lose by fewer points (or win outright).
Totals (Over/Under): Wager on the total points scored by both teams combined, over or under a set number.
Research and Follow Experts
Study team stats, injuries or coaching trends specific to the College Basketball Tournament.
Explore trusted game predictions and news coverage (like those at Dimers.com) to get an edge.
Place Your Bets
Decide your stake (how much you’re willing to risk).
Monitor your bets, especially if you plan to use in-game (live) betting options.
Best Sportsbook Promotions
Why Join Multiple Sportsbooks?Essential Tips for March Madness Betting Success
1. Focus on Matchups and Seeding
Seeding can offer helpful insight, but don’t rely on it alone. A lower-seeded underdog might match up well against a higher seed’s style of play. Look at factors like defense vs. offense strength, pace of play and how teams fare against similar competition.
2. Keep Tabs on Underdogs
Each year, double-digit seeds upset more highly ranked teams. While picking every underdog blindly isn’t wise, identifying one or two prime candidates can boost your betting value.
3. Manage Your Bankroll
Set a budget for the tournament and stick to it. March Madness is exciting, and it’s easy to chase losses or bet too heavily on a "sure thing." Maintain discipline and avoid reckless wagering.
4. Use Data-Driven Insights
Statistics and historical trends can offer valuable clues. Certain metrics (like offensive efficiency and three-point defense) are particularly important in the tournament setting.
Leveraging Dimers for Your Tournament Bets
At Dimers, we’re all about helping you make smarter bets. Here’s how we support your CBB Tournament betting journey:
Dimers Pro
We utilize machine learning and advanced models to highlight +EV (positive expected value) betting opportunities.
Dimers Pro covers all major betting markets and delivers daily picks you can trust.
Bracket Tools and Simulations
Our bracket simulations use thousands of data points to predict likely outcomes and identify potential upsets.
Instead of relying solely on intuition or gut instinct, utilize our predictive engine to identify potential opportunities for success.
Expert Analysis and Betting Guides
If you’re unsure how to bet on March Madness, our guides break down everything from bet types to advanced strategies.
Stay up-to-date with our latest articles and updates on the tournament so you never miss a shift in momentum.
Betting Strategies to Consider
Futures
Bet on a team to win the championship at any point before or during the tournament. Future odds can fluctuate significantly based on seeding, performance in earlier rounds, and public sentiment.
Live (In-Game) Betting
Capitalize on real-time shifts in odds. If a favorite starts slowly, you might get them at a better number if you believe they’ll rally.
Hedging
If your futures pick makes it to the later rounds, consider placing an opposing bet on the other team to lock in some guaranteed profit or mitigate risk.
Common Pitfalls to Avoid
Betting Blindly on Favorites
While top seeds are usually strong, don’t disregard matchups, injuries or momentum. A favorite who is overvalued can result in a poor price on the betting line.
Ignoring Smaller Conference Teams
Mid-major teams often feature sharp-shooting lineups or unique playing styles that power them to upsets in the first weekend of March Madness.
Lack of Research
March Madness lines move fast, and relying solely on name recognition (like historically strong programs) can leave you at a disadvantage.