It’s one of the most exciting times of the year for US sports bettors as the 2023 NCAA tournament gets underway. The national tournament features some of the best basketball teams nation-wide, where they all compete against each other for the ultimate prize at winning the national championship. If you’re looking to place a few bets but you’re unsure on what to place your hard earned money from, not a problem. We’ve got you covered with our March Madness Betting Strategy guide!
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Whether you’ve placed a bet or not on the NCAA basketball tournament, now’s the chance to ride this money train! With so many games occurring in such a short space of time, the betting opportunities are endless. Before you get too ahead of yourself, make sure you read our March Madness Betting Strategy guide below.
Do Your Research
Just as we had explained in our
Basketball betting strategies, pior to placing a bet on any game, it’s important to look into a few things first. You gotta look at the past records held by the teams in question, look at their recent performances, if they have any key players which may be out on injury or anything else that might affect the outcome of the game and more importantly, your bets.
Don’t Disregard the Underdogs
What’s even better than getting paid on really good odds when a small school team beats a favorite? That’s exactly what happened last week when Princeton stunned and overcame Arizona in the first round. March Madness is known to produce some thrilling upsets as every year, low-seed teams seem to overcome their seemingly superior opponents creating a very exciting atmosphere, unexpected results and huge potential gains on your bets! If you’re planning on placing a bet on an upset, be sure to choose a team which focuses strongly on their defense or where they excel in different parts of the game.
An Often Overlooked Strategy
When placing bets on March Madness or any other tournament as a matter of fact, make sure you set a bet budget and stick to it! Whilst sometimes it’s almost unavoidable to get invested in a game or tournament, avoid making emotional bets based on your biases. Consider placing smaller wagers on multiple games and markets rather than placing a huge chunk of your budget on one game or outcome. Analyze each teams’ defensive and offensive capabilities and try to predict if the total number of points will be over or under the given line.
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To be eligible for DraftKings Sportsbook and the Promotion, you must be physically located in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, MO, NC, NJ, NH, NY, OH, OR, PA, PR (residents only), TN, VA, VT, WY, WV, CA-ONT or CA-AB (each an “Eligible Jurisdiction” or, collectively, the “Eligible Jurisdictions”). Must be 21+ years of age or older (18+ if in DC/NH/PR/WY/CA-AB) (19+ in CA-ONT). GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA) Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: Promos | DraftKings Sportsbook . Ends 9/20/26 at 11:59 PM ET. Sponsored by DK.
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Different Type of March Madness Bets
When betting, one can find an absolute variety of bets and markets to place your money on, same goes for March Madness. Such bets can include moneyline bets, point spread bets and over/under bets, with each of these bets bringing their own unique rewards, but they also bring with them a certain amount of risk. It’s important to fully understand how each of these work.
March Madness Point Spread Betting
With point spread betting you’ll be betting against the spread rather than the actual winner of the game. So that means you’re betting on a team to win by more or less than a certain number of points. Make sure you do your research on the teams so see if the point spread is reasonable enough.
March Madness Moneyline Betting
The most straightforward way to bet. With a moneyline bet you’re determining which team will win the game. If you’re new to betting, you might want to consider starting off with a few moneyline bets, and to research whether it’s a good idea to place a moneyline bet on the underdog team.
March Madness Futures Betting
In futures betting, you’ll be placing your bets to determine an event which will happen in the future, such as the tournament winner or MVP honors. Futures bets can be placed either before the tournament has begun or even during the tournament but, the odds will change depending on various outcomes. The good thing about futures is that they offer a huge potential payout however, picking the right outcome might prove to be challenging.
March Madness Betting Odds
It’s important that before diving into placing any bets that you check the betting offs. The odds will give you a sense of which team is favored to win, thus helping you make your decisions. You should also have a look at our
March Madness sweet 16 odds
page where we cover the odds and win probability for all teams participating in the tournament, whilst our
Sweet 16 predictions
will dive even further to help you make the most bang out of your buck!
Conclusion
As I’m sure you’ve noticed by now, the NCAA tournament is an exciting time for sports bettors and you can make it even more exciting by taking a strategic approach to help increase your chances of winning your bets. Do your research, follow our guide and you’ll be raking in those winnings in no time.
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New DraftKings Customer: SPEND $5, GET $200 IN BONUSES
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To be eligible for DraftKings Sportsbook and the Promotion, you must be physically located in AR, AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA (select parishes), MA, MD, ME, MI, MO, NC, NJ, NH, NY, OH, OR, PA, PR (residents only), TN, VA, VT, WY, WV, CA-ONT or CA-AB (each an “Eligible Jurisdiction” or, collectively, the “Eligible Jurisdictions”). Must be 21+ years of age or older (18+ if in DC/NH/PR/WY/CA-AB) (19+ in CA-ONT). GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA) Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new DraftKings customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: Promos | DraftKings Sportsbook . Ends 9/20/26 at 11:59 PM ET. Sponsored by DK.
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