Home » Las Vegas Odds » Vegas Odds For March Madness Betting
March Madness is a three-week, single-elimination tournament where the top 68 Division I NCAA Basketball teams vie for the national title. It is the most exciting betting event in basketball with plenty of opportunities to win big money – considering in 19 days, there are 67 events to bet on.
The odds to win March Madness Championship are now available. The odds are subject to change and we’ll update them as the market moves. The March Madness betting odds were last updated on March 27, 2023:
|2022/23 NCAAB Championship|
|San Diego State Aztecs||+365||+360||+360|
|Florida Atlantic Owls||+600||+600||+600|
Selection Sunday kicked off on March 12th and the First Four begins on St. Patrick’s Day, March 14th, which only leaves a few days to get to work on those brackets. If you’ve never experienced the mayhem that is March Madness, you’re in the right place – we have some betting primers for you below, and where you can find the best online Vegas betting odds for March Madness or the best places to bet on college basketball in Vegas.
Finding a vegas sportsbook to bet on March Madness is much easier than you think. There are plenty of convenient online sportsbooks, as well as brick and mortar sportsbooks in Vegas casinos that accept NCAAB March Madness bets.
🚨 Bracket Prediction!@TheAndyKatz drops his latest bracket on the first day of March!— NCAA March Madness (@MarchMadnessMBB) March 1, 2022
👉 https://t.co/LW8vs2Kn1V pic.twitter.com/VdyCligM5n
March Madness betting is available across the country in one form or another. The best way to access it is through top-rated offshore sportsbooks.
While there are plenty of vegas odds for March Madness, it’s best to do your research before placing those wagers. Finding the best sportsbooks for your personal needs should be a priority, whether you’re looking for the best March Madness bonuses, specific payment options you may need, or whether you’re looking to place a wager in person or online.
If you can’t be in Vegas for March Madness, and your state doesn’t allow sports betting yet, online sportsbooks would be your best option. The market is saturated with online sportsbooks claiming to be the best or have the best college basketball odds so things can be confusing for new bettors. That’s where we come in.
At Vegas Betting, our goal is to help you find the best sportsbook and to choose the best strategy with the best Vegas odds for March Madness, and that starts with our sportsbook reviews!
Our top choice:
Bovada is the first online sportsbook that comes to mind when we think of college basketball odds and more specifically, March Madness odds.
If you’re looking for a fast and easy sign-up process, great bonuses, great payment options like Bitcoin, and major credit cards – look no further. Signing up at Bovada is quick and easy, you simply enter a few personal details and are ready to make a deposit.
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Bovada has some of the lowest minimum deposit limits in the market, so new and casual bettors never have to tie up large amounts of cash in their sportsbook account. If you’re planning to deposit Bitcoin, Bovada is one of the best Bitcoin sportsbooks in the market, and even have higher, more enticing Bitcoin bonuses.
They always have fantastic sign-up bonuses available, with relatively standard rollover requirements and a loyalty points program that you can participate in.
When it comes to March Madness, their oddsmakers work tirelessly to bring you the widest variety of up-to-date odds, March Madness prop bets and live betting, so that you can get the full experience with plenty of Vegas odds for your March Madness betting pleasure.
While Bovada is the most accessible sportsbook and a great choice for March Madness betting in the US, there are a few other sportsbooks we recommend but can be restricted in certain states. Head to our sportsbook review pages for more in-depth information.
Aside from filling out your bracket, March Madness is an exciting time for college basketball betting. Since there are 67 games being played within a three-week window, the betting opportunities have never been more plentiful. Some bettors enjoy single-game March Madness bets on underdogs, or some enjoy riskier bets like a five-team parlay to maximize their payout – there are so many options available.
If you’re new to betting, we can help you understand the three main types of Vegas odds for March Madness betting: Moneyline, Totals, and the Point Spread.
If you’re looking for an easy March Madness bet, you will want to pay attention to the moneyline. If you already filled out your bracket, you can likely piggyback off that to make these decisions. To bet the moneyline, you are picking which team you want to win straight up. Simple as that!
For example, we will use last year’s National Championship teams: Virginia and Texas Tech.
While it’s important to pick the winner of the matchup in this case, it’s important to look at the odds situated next to the team. The ‘Juice’ or ‘vig’ will determine the favorite and the underdog, as well as how much your bet will payout.
In this case, Virginia is the underdog, so selecting them with a $100 wager, will pay out $125 in profit. Adversely, picking Texas Tech, and placing the same amount, will only result in about $68 in winnings.
The point spread can be a little more challenging, but will ultimately make your March Madness bets a little more interesting. Oddsmakers select a spread, based on the teams playing. Your job is to determine, not who will win the game, but by how much each team will win or lose by. Essentially, if the favored team has a spread of -10, you will have to determine if the favored team will win the game by 10 points, or not. If the underdog has a spread of +10, the oddsmakers give them an imaginary 10 point lead, so for the underdog spread to cash, they will need to win the game, or lose by under 10 points.
With the same example teams as above:
Virginia is the underdog in this situation and will have to win the game or lose by less than 10 points. Texas Tech is the favored team and will have to win the game by 10 points or more for your bet to cash.
Betting the totals (Over/Under) for March Madness is another relatively easy bet, but can be tricky depending on which sportsbook you choose. Some oddsmakers are extremely gifted in setting totals lines and come very close to the actual result. When betting the totals, you are faced with a high number, which equates to the total of both the team’s score. You have to decide if the total score for both teams will be higher or lower than the oddsmakers.
If the total for the Virginia and Texas Tech game was 154, and the final score was 85-77 (162), the total is over, and only bettors who picked over will win.
When it comes to filling out your March Madness bracket, you will need to do a ton of research into all 68 teams, because you will need to choose wisely. Creating a perfect March Madness bracket is rare, and those two teams you select as your final two will be tremendously difficult to select correctly.
The good thing is, you can make mistakes, as long as you choose the March Madness Championship winners correctly. But if you selected a team that is out in the first four, you’ve got a broken bracket and it’ll be a long three weeks for you.
The main tip is to focus on picking the higher-seeded teams, as they’re likely to win, but not all of the top seeds usually make it through. March Madness is aptly named in the sense that there are upsets and underdogs can prevail, so you have to be careful with your selections.
Many online sportsbooks offer March Madness contests for those who might not have an office pool or a group of friends who are diehard basketball fans. These contests are played around the world and tend to have an obscenely large grand prize if you can pick a perfect bracket. Again, the odds to make March Madness are very narrow, but it can be done if you have some know-how and are successful with your picks.
BetOnline‘s $100,000 March Madness contest is available for 2023, boasting over 300 prizes available in the prize pool with a grand prize of $15,000. Players must complete their brackets and pay a $15 entrance fee to participate. In order to win the grand prize, the winner must pick the winners of all 63 games starting with the first round, the first four are not included in this contest. They have implemented a points system where players are awarded points for each correct pick, with the weight of the points increasing at every level of the playoffs.
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BetNow is offering a Million Dollar Bracket Contest that is free of charge to enter. There are 30 monetary prizes and a huge grand prize of $350,000 which will be paid in six payments over the course of six months. While it seems too good to be true, they also have the stipulation that to win this grand prize, the winner needs to pick all 63 winners correctly and ace the tiebreaker.
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BetUS has a great March Madness contest called March Mayhem running throughout the tournament. The promotional contest offers a grand prize of $1,000,000! The contest opens on March 14 and closes on March 19, so be sure to get in on the action at this years’ NCAA Basketball finale! There is also a round of 16 and 8 bracket, each offering $10,000 in prize money.
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MyBookie is running two great deals simultaneously for the NCAA Basketball March Madness 2023 tournament! The MyBracket 2023 tournament is available soon – with a $100,000 prize, there is a great opportunity to win some extra cash for college basketball lovers. There is also the Squares contest, that runs throughout the year on NCAAB fixtures.
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Following last year’s tournament, Vegas sportsbooks quickly put out the 2023 March Madness futures. These change countless times over the regular season, as teams start to show their strengths. There are a few that consistently top the rankings year after year, due to their school’s reputation for having a great program.
The Houston Cougars start out as slight favorites at +650. They’ve been consistent all year and sitting on an overall record of 26-2 for the season, you’d expect them to carry some of that momentum into March Madness. Just trailing Houston is Alabama at +850, who go 24-2 for the season outright. This Crimson Tide team is very well-rounded and has proven that this year, while also possessing one of the more complete offences in NCAA Div 1 Basketball.
The third and final team in the front of the pack this year is the Purdue Boilermakers, going 24-2 for the season so far and entering the odds at +950. Purdue have shown why they are one of the best teams in the league, despite facing huge NCAAB sides like Houston, Baylor, and Alabama.
Keep an eye on this page for more March Madness updates, and changes to the odds before you start your March Madness betting!
Selection Sunday this year is March 12th. It is normally the Sunday before the start of the tournament.
Because it is such a big tournament, you can make futures bets, moneylines, over/unders, spreads, and props. Any type of bet you can think of.
Prop bets are any that do not deal directly with the final result of the game. Some include which team will score first, or how many points a specific player will score.
They work like they do for any other sporting event. The lower the number, the more likely the bet is to win, but the smaller the payout.
Yes, it is legal to bet on March Madness almost everywhere. Some states, such as Illinois, have small restrictions on betting on local collegiate sports.
You can start making futures bets for next immediately after the end of the tournament. More bets will shoot up closer to the start of March Madness, especially after Selection Sunday.
You can use any of the March Madness sportsbooks we recommend on this page. Only use trusted sportsbooks.
Right now, Houston is the favorite to win. Just find the odds with the lowest number to find the sportsbooks’ favorite to win.
Yes, absolutely. You can place moneylines during the Final Four, and you can bet on who will be in the Final Four eithe rby placing a futures bet on the Division winner or directly as a prop bet.
The best March Madness bets will fit smoothly into your own personal betting strategy. No single bet is the best for everyone.
Chris Wassel is a skilled scribe who possesses a fervor for both sports and entertainment. Boasting a journalism background and over two decades of experience, he has crafted pieces that encompass a diverse array of sports including hockey, basketball, football, and others. His writing is characterized by its lucidity and sharpness, and provides a unique viewpoint on entertainment and political matters. While Chris primarily focuses on sports writing, he also writes about a wide range of subjects.