Online sportsbooks feature lots of variety when it comes to NCAA Tournament betting. Rather than your entire hopes resting on a single bracket, you can bet on point spreads, moneylines, futures, props, and totals (i.e. over/under).
March Madness live betting offers even more opportunities since you can place wagers while games are happening. Fancy a 4-seed erasing a double-digit deficit against a 13-seed? You can place a quick live wager to capitalize on what you’re seeing.
No matter if you’re making pre-match spread bets or live wagers, the odds are locked as soon as you confirm a bet—i.e. fixed odds. This is similar to brackets, where you can’t change your picks after submitting a bracket.
The key difference is that March Madness betting sites break the action down into bite-sized chunks. If an over/under goes wrong, your bracket isn’t sidelined for the remainder of the tournament. You can check right back into the game with a prop, moneyline, or other bet type.
If you’re totally new to wagering on the tourney, moneylines, spreads, and totals make for nice starting points. They form the foundation for other bet types and are easy to understand.
Here are examples of each just in case you’re getting started with reading NCAA basketball odds:
Moneyline: A simple bet on who wins the game.
- Missouri +150 – Bet $100 for every $150 in potential profit.
- Texas Tech -180 – Wager $180 for every $100 in potential profit.
Spread: Wagering on which team will cover their point spread.
- Stephen F Austin +10.5 (-110) – Stephen F can lose by 10 points and still cover their spread.
- Kansas State -10.5 (-110) – K-State has to win by at least 11 points to cover.
Totals: Betting on if the combined score of both teams will be over or under the total.
- Ohio State over 145.5 (-110) – OSU and Houston must score 146 or more for the over.
- Houston under 145.5 (-110) – These schools need to score 145 or less for the under.