Although the majority of leagues and events take place in the United States, college basketball is still one of the most popular NCAA sports for Canadians to bet on—Hello, March Madness.
With so many college basketball betting options, it can be difficult to know where to start—That’s why we’re here. Read on to discover the best NCAA basketball spreads, overs/unders’ and more.
Our NCAA Basketball betting guide covers:
NCAA basketball point spread bets involve placing a wager on which team you think will win the game and the points margin they’ll win by.
Most bettors who wager on basketball prefer to place bets against the spread (ATS) and college basketball fans are no different. The idea behind this type of bet is to provide bettors an equal playing field between the opponents and give each team a small handicap.
Bookmakers use the point spread as a way of leveling out the chances of either team winning the game by providing an advantage or disadvantage based on the margin of victory or defeat for a given team. Bettors then need to choose if a team wins by a certain amount of points (the favourite) or doesn’t lose by a certain amount of points (the underdog).
Usually, betting against the spread requires you to risk $110 for a chance to win $100. Consider the following example:
In our hypothetical scenario, North Carolina is the favourite which means if bettors take North Carolina, they need to win by 6 or more points to cash the bet. On the flipside, if you put your money on Duke, you’re going to win the bet if they win the game outright or only lose by five points or less.
An NCAAB moneyline bet is a type of bet that provides betting odds focused on who will win the game, regardless of how many points. The more uneven the game, the larger the numbers you’ll see.
Betting the moneyline isn’t as popular as betting against the spread, but it’s still popular among casual bettors due to its simplicity. When you bet the moneyline, your goal is to predict which team will win the game outright – the number of points doesn’t matter. Moneylines use $100 increments to express the odds and determine payouts and the more uneven the game, the bigger the numbers you’ll see.
A minus sign (-) in front of the odds indicates the favourite and the number listed shows how much money you must wager to win $100. A positive sign (+) in front of the odds indicates the underdog and the number show how much money you will win for a $100 wager. It is rare, but sometimes if the matchup is too extreme or one-sided, a book will take the moneyline option off the board.
Here is an NCAA moneyline example:
In this case, Kentucky is the favourite, so if you bet $220, you would win $320 which is your $220 from your original bet along with $100 in profit. Kansas, on the other hand, is the underdog, which means that if you bet $100, you would win $280 which is $100 from your original bet and $180 in profit.
Essentially, an over/unders NCAA basketball bet is when you wager on the final combined score of both teams, and if the score will be under or over a certain number.
Totals in basketball is different from betting the moneyline or against the spread as it requires you to pick the final combined score of both teams. This wager is strictly scoring based with nothing to do with the final match outcome. The bookmakers determine this number through past performance along with current matchups and the bettor must choose if the final combined score will land on either side of this number.
For example, if the total for an NCAA game is set at 141.5 and a bettor wagers on the under, this means that if the final combined score is 142 or more, the bet loses. If the teams combine to score 141 or less, the bet wins. As a sports bettor, there are many factors to consider before wagering on totals such as injury reports, matchups, recent schedule and performance.
Parlays let you place different types of bets, in one single bet.
Parlays are often referred to as accumulators or multipliers, as they allow you to combine many straight wagers of various types into a single bet. Wagering on a parlay is different from placing each of those bets separately as the odds offered on parlays are significantly higher.
In order for a parlay bet to cash, all single bets within the parlay need to be a success. For example, if you place a four-team parlay (four bets in one) and only three of your predictions are correct, your bet loses. Consequently, parlays are much riskier which makes them best suited for veteran bettors and high rollers.
Bet on the future outcome of a college basketball event, like a championship or draft.
Much like in the case of NBA, many betting sites allow you to put your money on NCAA futures. The most popular wagering options are almost always tied to the outcome of the NCAA championship or March Madness.
Bets of this kind can be placed before the season starts and throughout the season with the odds varying on many factors. With a futures’ bet, keep in mind that the money you invest in this will be tied up until the result happens, which can take weeks and months. That’s also why you need to be able to go to the safest online sportsbooks.
Okay, obviously we know how to score a point in basketball, however it’s helpful to know which types of points teams usually score—For example, does Kentucky usually score points from free throws, the three-point line or field goals? Being familiar with this information can help you, especially since there are far more teams than the NBA—353 teams, to be exact.
Players love to go through the wagering options that are almost always tied to the outcome of the NCAA championship, or March Madness. A total of 64 teams make the tournament, and over three weeks, the college hoops champion will be determined. However, the Tournament is a ripe ground for upsets from the very beginning, which is part of the fun of March Madness. Navigate betting on the NCAA Tournament carefully and do plenty of research prior to tip-off.
Like we mentioned above, NCAA basketball teams play less games per season than NBA athletes—Therefore, it goes without saying that neutral courts they haven’t played on yet might provide some sort of disadvantage. Usually, neutral courts are played during the Maui Invitational, which means placing unders wagers could be a good strategy for placing well-informed bets.
Online college basketball betting anywhere you are—Here are the best sites to bet on from your iPhone or Android device.
Ready to start playing for money? Check out our list of our favourite real money sportsbooks.
There are plenty of ways to bet on NCAA basketball, the first thing a new sports bettor needs is to find an online sportsbook and get an account set up. The next step is to explore the betting options available. When betting on regular-season basketball, the most common bets are spreads, moneylines, and totals. These bets can are available for full games and first or second half bets. Most online sportsbooks accept forms of Bitcoin, Visa, MasterCard, and other major credit cards and e-wallets.
According to the AGA, the 2018 March Madness generated over $10 billion in total wagers nationwide.That figure covers everything from casual office pools to targeted one-game wagers through an online sportsbook. This represents 6.6 percent of the combined sum Americans bet on sports every year. What are the odds of picking a perfect March Madness bracket sheet? Since 2014, billionaire investment guru Warren Buffet has issued a challenge that seems too good to be true.
Anybody who can predict all 63 games in the NCAA Tournament will receive $1 million every year for the rest of their life. That challenge remains unfulfilled through five years and counting though. Thanks in large part to the astronomical odds against nailing a spotless bracket. Picking all 63 games requires perfect accuracy on a one-on-one matchup 63 times over, or 2^63 in math geek lingo. All told, that equation equates to odds of 1 in over 9.2 quintillions. Making a perfect bracket exactly one trillion times less likely than getting struck by lightning twice in a lifetime. Jonathan Mattingly – a professor of mathematics at Duke University – developed a formula based on the overwhelming likelihood of the No. 1 seeds defeating their No. 16-seed opening round opponents.
But even when these long-shots are factored in, along with other superior seeds facing underdogs, Mattingly calculated improved odds of 1 in 2.4 trillion. And if a Blue Devil’s digits aren’t up to snuff in your book, DePaul University mathematician Jay Bergen calculated the odds at one in 128 billion. But whomever you consider gospel when betting NCAA basketball, backing one side with a single bet through your favourite online sportsbook is the best way to beat the odds.
Organizing a March Madness betting pool has become a beloved annual tradition, both for families and offices alike. Each year, thousands, if not millions of Canadians participated in betting on events like the NCAA Tournament, and NHL Stanley Cup.
Although gambling activities are regulated province to province, no one has been prosecuted for participating in an office sports bracket or fantasy league with friends or online.
The moneyline in college basketball is when you bet on the winner of the game, tournament of championship overall.
Teams listed as a negative (for example, Wildcats -100) are the favoured team. Teams with a ‘+’ symbol by their name on the moneyline are the underdog (for example, Tar Heels’ +200).
The numbers symbolize the amount of money you need to wager to win on the moneyline. In the above example, you’d need to wager $200 to win an extra $100.
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