March Madness Betting Explained

March Madness 2022 is almost upon us, and fans are preparing to enjoy the spectacle. This is the highlight of the NCAA calendar and one of the best-loved events on the sporting calendar. It unites people from all backgrounds and different parts of the world in a common love for basketball. If you are looking for the luxury and riches of the NBA, this annual competition isn't for you. But if you are after the raw passion, skill, and unpredictability of college basketball at the highest level, then buckle up. You are in for the ride of your life.

The tournament is played in a single-elimination format which adds to the drama of the play. It involves 68 teams, and this year's renewal runs from the selection stage on Sunday, March 13, to the grand finale, the NCAA Championship Game on April 4.

What happens between those dates is pulsating, often controversial and gripping. A large crowd attends each match, with millions more worldwide following the play live on television. Fans make their predictions, place March Madness bets and aim to land a profit while enjoying the games.

Major bookies have you covered

The leading online betting apps are already offering odds on various eye-catching competition markets. Betting on the outcome of games or the eventual champion helps add an extra edge of excitement to the play. You can bet on the outright winner before game one or have your say on the outcome of individual fixtures, from the first four to the decider.

Gambling on the competition is popular with fans, and the 2022 version will be the most bet on March Madness ever played. This is due to the relaxation of gambling rules in many states in America and Canada. It may seem a little complicated if you aren't an experienced bettor or are new to gambling on March Madness. Which markets can you wager on, how do you place bets, what's the schedule and who are the best teams?

We answer these questions in this article with the aim of making our readers better-informed gamblers with an improved chance of beating the bookies and increasing their strike rate when it comes to backing college basketball winners in March.

March Madness schedule

● Selection Sunday: March 13
● First Four: March 15-16
● First round: March 17-18
● Second round: March 19-20
● Sweet 16: March 24-25
● Elite Eight: March 26-27
● Final Four: April 2
● NCAA championship game: April 4

Markets available

You can bet on the outright winner of March Madness before game one of the tournament. The leading betting apps offer odds on the champion but, due to the competitiveness of the play, there is often a difference of opinion amongst traders. Although they generally agree on the favorites, the prices can differ depending on which bookie you bet at. You should visit a respected betting odds comparison site to get the best odds. This applies when betting on the matches, including the winner, handicap, total points, points spread, half-time/full-time, and more.

Placing a bet

To place a bet, you must have an account registered with an online bookie that is legal and licensed in your region. When signed up, you should click the basketball tab, then the NCAA link. Scroll past the matches to the March Madness outright betting. When you have chosen the team you wish to back, you should click the odds to add it to your bet slip. Input your stake and confirm the bet.

Getting a free bet

You will find many of the best bookies offer new customers a free bet when you register an account and wager on the tournament. These deals come in many different shapes and sizes, but the most common is a deposit matched free bet, which gives you free bet tokens equal in value to your first deposit and wager.

Most successful teams

Many bettors making predictions on the winner of March Madness like to place their trust in the stats and trends. The most successful team to play in this tournament is UCLA, who currently have 11 titles, although they aren't the current champions. Baylor made history by winning their first March Madness championship last season and are here to defend that prize.

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