It’s the most exciting time of the year for college basketball betting: March Madness!
March Madness happens yearly as college basketball teams fight through the bracket to win the NCAA national championship. The contest is a single-elimination competition with seven rounds and many online betting odds. Sixty-eight teams earn their spot in the tournament by winning their conference championship or qualifying with their overall record and selection from the Selection Committee.
How To Bet On The March Madness 2023 Tournament
There are numerous ways to bet on the March Madness tournament, including in-person, online, or with mobile sports betting sites. Once you choose a method to wager, you can bet on game lines, futures, or props.
Game lines are the most popular way to bet on the March Madness tournament, as it offers three ways to wager; spread, win, and totals. Futures are also very popular as they provide favorable odds when betting early.
Current future betting odds (Bovada) for the top five teams:
- Houston (#1) +450
- Alabama (#1) +500
- UCLA (#2) +900
- Purdue (#1) +1000
- Texas (#2) +1200
- Gonzaga (#3) +1400
Once you have signed up for an online sportsbook, there are several bonus options you can take advantage of depending on your payment method. Cryptocurrency bonus options are very popular, but each site offers different banking options, so it is best to see our online sportsbook reviews before signing up.
How Many States Have Legalized Sports Gambling?
Sports gambling in the United States has taken a turn since repealing the Professional and Amateur Sports Protection Act (PASPA) was overturned in 2018. Now that federal law does not forbid wagering on sports; many states have opted to allow domestic sports betting in their jurisdiction.
According to Forbes, 36 states and the District of Columbia have legalized domestic sports gambling laws. However, online sports wagering is allowed in most states via offshore sportsbooks that operate from trusted gambling jurisdictions.
Several states are still in the process of legalizing sports wagering within their borders. Some of the states that currently have sports wagering legislation on the docket include:
- South Carolina
Who Won The 2022 March Madness Bracket?
The Kansas Jayhawks won the 2022 March Madness tournament with a 72-69 win over the North Carolina Tar Heels (UNC). The game came down to the final few seconds, where UNC had a shot to tie but threw up an airball. Highlights from last year’s national championship game are below.