March Madness: How To Bet on the NCAA Tournament in 2023

March is here and that means the magic of the NCAA Men's Basketball Tournament is upon us. As one of the biggest events in sports, it's no surprise that millions of people place bets on the March Madness every year, making it an even larger sports betting event than the Super Bowl. However, with 63 games played in three weeks from March 16 to April 3, the strategy for betting the tourney needs to be an extremely considered one. As Nipsey Hussle once said: life is a marathon, not a race - and the same thing can be applied to gambling. Before diving into the world of college hoops tournament betting, it's important to keep in mind some key March Madness betting strategy tips that can help increase your chances of success this March.

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How To Bet on March Madness

Tip 1: Get The Best Sportsbook Sign-Up Promo Codes

We say it all the time here at Dimers, but one of the best ways to maximize your winnings during March Madness is to take advantage of the various sign-up promotions offered by sportsbooks.

These promotions can come in many different forms, such as bonus bets upon sign-up, matched deposit bonuses or risk-free bets, and can provide a significant boost to your bankroll, something that is absolutely crucial, especially during the early rounds with so many games to bet on.

Therefore, it's important to shop around and compare the various promotions offered by different sportsbooks in order to lock down the best possible deal so that you’re starting the tournament with the largest bankroll that you can possibly have.

Lucky for you, we’ve taken the hard part out of finding the best sportsbooks. Our March Madness hub has a listing of all the best ‘book sign-up offers available.

Tip 2: Take Advantage of Early Lines When They Drop

Another key tip for tourney betting is to take advantage of early lines when they drop. Sportsbooks will typically release their lines for upcoming matches as soon as a team moves on through the various stages, allowing savvy bettors to get in on the action before the lines move too much.

This can be particularly beneficial for underdogs or teams that are expected to make a deep run, as the lines may become less favorable as tipoff time approaches and professional bettors and the public have hammered the lines into shape, sometimes dramatically affecting the line and shifting the spread multiple points in either direction. It's important to stay on top of the early lines and make your bets as soon as possible in order to get the best possible odds.

Not many people know this, but it can really make or break your overall results. 

Dimers.com’s predictive analytics and odds comparison tools allows bettors to get the very best information on what to bet and when to bet it as soon as the lines drop through our Best Bets and Best Odds pages.

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Tip 3: Choose a Bankroll Management Method and Stick With It

Finally, it's crucial to manage your bankroll effectively when betting in March. There are many different types of bankroll management methods out there, each with its own advantages and disadvantages.

For example, some bettors prefer to use a flat betting method, where they bet the same amount on every game or a flat % of their bankroll (such as 1%), while others prefer a proportional betting method, such as the Kelly criterion, where they adjust their bets based on the perceived value of each game. Ultimately, the key is to find a bankroll management method that works for you and stick to it throughout the tournament.

March Madness can be a thrilling and lucrative time for bettors, but it's important to approach the tournament with a solid strategy. By locking down the best possible sign-up promotions, taking advantage of early lines, and managing your bankroll effectively, you are well on your way to feasting on the ‘books.

Find out who we're betting on for every basketball game in the First Round via our College Basketball Bet Hub, where we deliver you NBA predictions and suggested bets, or check out the College Basketball Betting News section.