March Madness Betting Guide

March Madness is gearing up to be one of the best NCAA tournaments yet so don't miss out March Madness Betting on Futures. The March Madness championships can be described as one of the biggest, most well publicized tournaments in college sports. It pits teams in college basketball against one another in a tournament that advances to a Final Eight and then the big one, the Final Four before weeding out the remaining two weaker NCAA basketball teams.

The Final Four is one of the most popular aspects of March Madness and is perhaps one of the most exciting as the four teams fighting it out to be the champion feature the best players in the country. The Final Four is determine by the two teams left standing out of the entire tournament that will head to the finals to determine a national champion. March Madness tournaments begin in March and last until the final championship in April.

The term March Madness, today, is synonymous with the College Basketball Tournament, but the nickname was first used to describe another basketball tournament, the annual Illinois High School Association tournament. Henry V. Porter is credited with coining the phrase in his 1939 article for the Illinois Interscholastic magazine,
"March Madness."

March Madness was not used to describe the College Basketball tournament until 1982, when Brent Musburger, a CBS reporter, used the term during the telecast of a tournament game. College basketball fans and the media have been using the term ever since.

Today, after a court battle over the ownership of the term, March Madness is co-owned by the College and IHSA through the March Madness Athletic Association.

Straight Bets - What the odds Looks Like

This is a wager where a team and a point spread are chosen. The cost of the wager is usually (unless otherwise specified) 10/11 or $110 to win $100.

If you place a straight wager on Duke at –7 then Duke must win by 8 or more points for you to win the wager.

If you place a straight bet Kentucky at +7, they cannot lose by more than 6 points for you to win the wager.

In the event of the game landing on 7 points, the game is a push, resulting in “no action”.

Example:

More Final Four Straight Bets

Over/Under Wagers (Totals) - What the odds Looks Like

This is a wager where a team and a point spread are chosen. The cost of the wager is usually (unless otherwise specified) 10/11 or $110 to win $100.

If a wager is placed on the UNDER (135) the total combined score of both teams must fall under 135 points to win the wager.

If you place a wager on the OVER (135) the combined scores of both teams must fall over 135 points for you to win the wager.

In the event of the total combined scores landing on 135, the wager is a "push" resulting in "no action".

Example:

More Sweet Sixteen Over/Under Betting Line

Teaser Bets - What the odds Looks Like

A teaser is a group of straight bets or totals combined into one bet. The difference between a parlay and a teaser is that with a teaser the line you bet against for each individual wager is moved to your favor by the number of points of the teaser.

Example:

More Elite Eight Teaser Betting

Parlays - What the odds Looks Like

A parlay is a combination of 2-8 teams (2-10 teams online). If any team is cancelled or ties, the parlay is reduced, (i.e. 4 teams becomes 3 teams etc.). If any team loses, the play is lost all together. Maximum payout for any parlay is 1500:1 regardless of the result amount the parlay may compute to or show.

In the event of "no action" or a tie, the parlay is reduced to the next lowest number of plays. A two-team parlay becomes a straight bet with a pay off of 10/9.

Example:

More March Madness Parlay Betting