March Madness Betting 2019
With the prestigious tournament almost upon us, many of you are looking for March Madness betting tips. In our review here we’re going to show you how you can bet on March Madness and which online sportsbooks offer the best March Madness odds.
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Bet On March Madness
So, in which States can you bet on March Madness? A number of States now allow online sports betting, but the rules and regulations can seem a little confusing at first glance. We’re going to take a closer look at where you can bet on March Madness odds in the USA.
If you’re a New Jersey resident, you’ll be able to join in March Madness betting. One of the first States to pass online betting rules, there are a number of sportsbook offering March Madness odds right now.
There is slight confusion in the fact that while March Madness betting is allowed, you’re unable to bet on any game taking place in the New Jersey area.
The first US State, other than Nevada, to legalize sports gambling. You can freely enjoy March Madness betting in Delaware.
There has been a slight delay with online legislation but there are three casinos in the State that offer sportsbook betting too. Delaware Park Casino, Dover Downs Hotel & Casino and Harrington Raceway & Casino give their customers the opportunity to bet on March Madness 2019.
You’re able to enjoy March Madness betting in the State of Pennsylvania. March Madness betting is only allowed in land-based sportsbooks. Online sports betting is expected to become a reality in Pennsylvania very soon.
West Virginia sports betting was launched in August 2018. You can bet on March Madness online at BetLucky, a sportsbook that came into force at the end of last year.
You can also bet on March Madness at selected land-based casinos in the Mountain State.
There has been a lot of talk about the legalities of sports betting in New York. Online betting regulations are expected to be passed at some point in 2019.
This means that March Madness betting could be a possibility. If it’s not passed in time for this year’s tournament, you should almost definitely be able to bet on March Madness for the 2020 edition.
You can enjoy March Madness betting in the State of Nevada at many land-based sportsbooks. You’re also able to bet on March Madness online using mobile apps, so long as that app is offered by one of the land-based sportsbooks.
Mississippi offer March Madness betting odds at a number of land-based casinos. DraftKings’ first physical sportsbook is available in the State, located at Scarlet Pearl Casino Resort.
March Madness betting can be experienced at two land-based casinos in Rhode Island. Twin River Casino and Twin River Tiverton currently offer sports betting. There is no online betting regulations passed yet, though this is expected to change in the coming year.
The Santa Ana Star Casino & Hotel is the only place in New Mexico currently accepting sports bets. This is the only place in the State you’re able to bet on March Madness lines, with no online betting opportunities available.
Similar to New York, Michigan is expected to pass sports betting legislation at some point in 2019. It may come too late to bet on March Madness this year, but it’s expected to be passed by the start of the 2020 tournament.
What Are March Madness Odds?
If you’re new to March Madness betting, you might find it difficult to assess where the betting value lies. Working out the betting value of March Madness lines and odds is a necessity. This gives you a greater chance of making as much profit as possible, as well as choosing the right bets to place.
First up, what exactly are March Madness odds? Essentially, odds show the probability of a particular outcome happening. Let’s use an example.
We toss a coin. The chances of it landing on either side are equal, in other words there is a one in two chance of the coin landing on heads, and landing on tails.
We can calculate the probability of the coin landing by dividing the number of possible outcomes by 100. With a coin toss, there are two possible outcomes. We use this formula:
100% / 2 = 50%
So, there’s a 50% chance of the coin landing on heads, and a 50% chance of landing on tails.
Let’s use a March Madness odds example. We’ll say that Tennessee are playing Louisville. The bookmakers have priced Tennessee to win at odds of -120. The minus sign indicates that Tennessee are favorites to win. We can calculate the probability percentage of Tennessee being victorious by dividing the moneyline odds by itself and add 100, as shown with this formula:
Probability = (-(-120) / ( (-(-120) ) + 100 = 120 / 220 = 0.545
We then multiply the final number by 100, which gives us 54.5, or 54.5%. So, we’ve worked out that the implied probability of Tennessee winning is 54.5%.
It looks pretty complicated, but it’s a good way of assessing the value of your March Madness odds. How can we apply this to finding March Madness betting value?
The key part is to do your own research and work out what you think the chances of Tennessee really are. The trick is to find a bet where the implied probability is higher than what the bookmakers think.
So, say you research and determine that Tennessee have a 65% chance of winning. This means Tennessee have a greater chance of beating Louisville than what the bookmakers believe, and you’ve found a value bet.
Back to basics. What do the March Madness betting odds of -120 on Tennessee to win mean in money terms? It sounds complicated, but it’s really quite simple.
Moneyline odds with a minus sign, like our Tennessee example above, shows how much you have to stake to win $100. So, place $120 on the Tennessee win and if you’re correct you stand to make $100 profit.
The plus Moneyline odds. These work out slightly differently. Louisville are priced at +140 to win. The plus sign indicates how much you’ll win if you stake $100 on the bet. So, place $100 on the Louisville victory and if your bet comes in, you make $140 profit.
Most sportsbooks offer you Outright Winner March Madness betting opportunities. This means you can bet on who you think will be the eventual winner of the tournament.
It’s also possible to bet on how far teams will get in the tournament, who will reach the Final Four and so on. Most bookmakers offer Final Four odds and Elite 8 odds, which can offer plenty of betting value.
March Madness Lines
How can you read March Madness lines? Betting lines cover a number of different markets. The most common March Madness lines are Moneyline, Points Spread and Total Points Over/Under.
Let’s return to our Tennessee v Louisville example. We discussed odds on each side winning earlier. These are Moneyline odds. Moneyline odds, in their most basic terms, is the odds on a team to win.
Points Spread betting is an extremely popular way to bet on March Madness. Points Spread odds illustrate the number of points by which one side is expected to beat the other. So, if you bet on March Madness line spread betting odds with Tennessee +2.5, this means if Tennessee win by more than 2.5 points, you win your bet.
The Total Points Over/Under March Madness line generally gives you a stated number of points. Say the Tennessee v Louisville fixture as a Total Points Over/Under 135. You can then bet on whether there will be over 135 points scored in the match or under this figure.
You can also bet on individual teams to score over or under a certain number of points.
Other common March Madness lines include Final Four odds, Elite 8 odds and who will win the tournament.
March Madness Picks
Looking for the best March Madness picks? There is plenty of information out there on March Madness betting. It’s a good idea to see what the experts are predicting – add this to your research schedule.
There are free March Madness picks available. Sweet 16 picks are easy to find, for example. In addition to Sweet 16 picks, March Madness picks include player picks and match winner predictions.
The best March Madness picks will examine the betting odds on many markets. The best Sweet 16 picks, for instance, will come from bettors who have studied the form of each side and found those bets with value.
The March Madness picks you should look out for will also have analyzed the betting odds. Final Four odds and Elite 8 odds can offer a lot of value.
Look for those March Madness picks that have taken the time to research odds in order to help you find value bets.
Sportsbooks For March Madness Betting
There are number of sportsbooks who offer March Madness betting 2019. We’re going to take a look at FanDuel, DraftKings, BetLucky and SugarHouse.
You can enjoy March Madness betting at FanDuel. FanDuel is licenced in the State of New Jersey, and as such only residents of NJ can take part in March Madness betting here.
There’s plenty of other sports other than basketball to bet on at FD. American and international sports are covered, with the most popular sports leagues across the globe available to bet on.
There is also a mobile app you can download so you can bet no matter where in the Garden State you are.
New customers at FanDuel can claim a welcome bonus of a risk free bet up to $500.
West Virginia residents can enjoy March Madness betting with the BetLucky sportsbook. Here, you can bet on a range of March Madness odds, including Final Four odds and Elite 8 odds.
As well as March Madness betting, you can bet on other basketball competitions. In addition, a number of other sports are available here, including football, ice hockey, tennis and soccer.
Signing up here only takes a couple of minutes. New customers can also claim a welcome bonus of up to $20.
Another hugely popular online gambling site, the SugarHouse sportsbook is open for New Jersey residents. There’s lots of March Madness betting opportunities for you here, with Elite 8 odds and Final Four odds just two of your options.
There’s plenty more available here too. Major football, basketball, tennis and soccer competitions have odds attached, along with other international events.
New to SugarHouse? You can claim a First Deposit Bonus of up to $250.
Bet On NCAA Basketball March Madness 2019
There are lots of options for you if you’re looking for March Madness betting opportunities. What March Madness odds are generally available? Let’s take a look.
First up, team betting. There are 68 teams taking part in the NCAA tournament. You can bet on any of these teams to win the competition outright or to reach certain stages of the tournament.
For example, Elite 8 odds and Final 4 odds are available at most bookmakers. Look for Sweet 16 picks too, as many bookies offer Sweet 16 odds as well.
If you’re new to March Madness betting, you might be wondering what Elite 8, Final 4 and Sweet 16 means. It’s simple. Sweet 16 is the final 16 teams left in the tournament. Elite 8 is the final 8 teams, sometimes known as the Quarter Finals.
The Final 4 is exactly that. The last four teams remaining in the competition. With so many teams entering the tournament, Final 4 odds and Elite 8 odds can offer lots of value.
Sweet 16 odds offer value too. Look for the best Sweet 16 picks, as well as general March Madness picks, to help you gauge which teams are likely to make it.
March Madness Live Betting
Live betting can offer plenty of excitement when you wager on March Madness lines. Basketball, as we know, can be extremely fast-paced, so betting in-play can offer exhilarating experiences.
Is one team on top? In-play March Madness lines can include which team and player will score the next point. Is one side scoring plenty? Take a look at the Total Points Over market.
The bookmakers we discussed earlier all offer a live betting service and most of them have sports betting apps. Take advantage of live March Madness lines and you could find more value.
How To Bet On March Madness
Fancy betting on Final Four odds? Spotted some tasty Sweet 16 picks? Whichever markets you’re looking to bet on, placing a bet with a sportsbook operator is simple.
Let’s say you’ve found value Elite 8 odds on Tennessee. To place the bet, follow the steps below:
- Log into your sportsbook account
- Find the game you want to bet on
- Scroll through the list of markets and find Elite 8
- Click on the odds for Tennessee, which will then be displayed on your betting slip
- Enter your stake and confirm your bet
The same applies for any bet you wish to place. If you’re looking to place a wager on a particular game, head to the NCAA menu and find the game from the drop down list.
Then, simply scroll through the markets available on that fixture. Once you’ve found a bet you like, hit the odds and enter your stake on your betting slip.
How To Choose A Bookmaker To Bet On March Madness
When you’re looking for a bookmaker, the first aspect you should consider is how many markets they offer. The more March Madness lines, the more betting options you have. So, for March Madness betting, it’s important you find a bookie that offers an array of markets.
Final Four odds should be offered as standard. The same applies to Elite 8 odds. The best bookmakers will give you the opportunity to choose from a range of options.
Many bookmakers also offer some form of predictions and picks service. It’s a good idea to gather a range of opinions and betting tips, for example on Sweet 16 picks, to help you find the right value bets.
Look at whether your bookmaker offers live betting. Betting in-play can offer huge excitement, and can also provide more value than pre-game wagers.
It’s also a good idea to take a look at any March Madness betting promotions. It’s likely that most sportsbooks will offer some form of March Madness bonus opportunities.