Last updated on: October 3rd, 2022

Betting On College Basketball

Betting on college basketball is one of the most popular options provided by legal online sportsbooks. Odds are offered year-round on the NCAA Tournament, while the season long structure of college basketball provides numerous opportunities to bet early and often. Legal online sportsbooks offer odds on all of those games, while also providing other wagering options such as prop bets and live-betting on them as well.

The 2022-23 season tips-off on November 8th, without two notable Basketball Hall of Fame coaches on the sideline. Duke will be without coach Mike Krzyzewski for the first time since 1980, while Vilanova will look to replace Jay Wright after 21 seasons. The two combined for seven total National Championships. Other notable storylines on the mind of many college basketball bettors include Kansas’s title defense, Drew Timme’s dominance at Gonzaga, and how star recruits such as Dereck Lively, Nick Smith, and Dillon Mitchell fair at the next level.

Top College Basketball Betting Sites

Rank Sportsbook Bonus Offer Play Now
1 Bovada Online Sportsbook 50% Up To $250 Read Review Visit Bovada!
2 BetOnline Online Sportsbook 50% New Member Bonus!Read Review Visit BetOnline!
3 MyBookie Online Sportsbook 50% Up To $1,000 Read Review Visit MyBookie!
4 Xbet Online Sportsbook 100% Up To $300Read Review Visit Xbet!
5 Sportsbetting Online Sportsbook 50% Up To $1,000 Read Review Visit SportsBetting!

Is It Legal To Bet On College Basketball?

It is legal to bet on college basketball, however, there are some caveats. Many local sportsbooks have regulations preventing action on local teams. For example, Indiana sportsbooks can’t accept bets on Indiana University. Other states like Iowa prevent sportsbooks from offering college player prop bets. The good news is that online CBB sportsbooks offer all lines and have no restrictions. Betting on every game, line, prop bet, and spread is available. With March Madness every year, missing out on the potential betting lines is terrible.

#1

Bovada Sportsbook

Betting On College Basketball At Bovada

Those that bet on college basketball know that March Madness is easily the biggest sports betting event of the year. Nothing gets better than having 68 teams to bet on all the way down until there is one team left. That said Bovada has bettors covered with some of the best March Madness odds that a bettor could ask for. One thing that is great about betting on March Madness with Bovada is that their odds are competitive with some of the top land-based sportsbooks as well that way bettors can bet right from the comfort of their own home or wherever they are watching March Madness.

Rating: 5 Star Rating

  • Phone Betting
  • Easy Platform
  • Great Reviews
  • Quality Customer Service
  • Volume Betting

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#2

BetOnline Sportsbook

Bet On CBB With Bitcoin

BetOnline has expanded tremendously into the crypto world as they let you make deposits and bet on college basketball with 17 different cryptos including Bitcoin and Ethereum amongst many others. The great thing about it also is that no cryptos have any transaction fees associated with them that way you can deposit as much or as little as you want without having to worry about paying a fee. Just link your crypto wallet to your BetOnline account and you are good to go.

Rating: 5 Star Rating

  • Crypto Deposit Options
  • Current Basketball odds
  • Wide futures selection
  • Game breakdowns on bets
  • Advanced live betting

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#3

MyBookie Sportsbook

Safety First When Betting On College Basketball

MyBookie is easily one of the safest legal online sportsbooks that you could choose to bet on college basketball with. That is because they have two encrypted links in place to secure not just their servers, but also your web browser making sure all of your personal information is safe. Going even a step further, their customer service will help you at any hour of the day in the rare event that something were to go wrong with your account.

Ratings: 5 Star Rating

  • Awesome parlay payouts
  • Accept lots of cryptos
  • Easy to read screen
  • Alternate NFL totals
  • Player comparison props

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Current College Basketball Futures Odds

Luckily, you can bet on the current college basketball odds all throughout the year as odds for March Madness are posed from the moment the previous years championship game comes to an end. With them being posted so early, it allows you to bet on them at their best value. As they sit right now, Gonzaga has opened up and remained the favorite to win the National Championship.

Betting On College Basketball: Online Vs. Land-Based

NCAA Basketball

There are many differences and similarities to consider when betting on college basketball. Available in person or online, brick and mortar sportsbooks offer a social experience. Most sportsbooks are inside casinos, giving the option of betting on casino games.

Online college basketball sportsbooks have the element of convenience. Bet on your favorite team from anywhere at any time. CBB sportsbooks allow you to watch the game at home and have action on it with the option of shopping lines. This is the process of finding the best CBB odds across many online sportsbooks.

The main deciding factor for most is the sports betting state laws and regulations. Some states only have land-based sportsbooks, while some offer both opportunities. But, online sports betting is available no matter the state’s gambling laws.

NCAA Basketball Schedule And Notable Dates

The 2023 March Madness tournament will tip off with the First Four round on March 14th, 2023. The teams will be announced two days prior, on Selection Sunday (March 12th, 2023). March Madness operates as a single elimination tournament, with a starting point of 68 teams. The tournament takes a little over three weeks to complete, but while it is going it is one of the most exciting times of the year for sports bettors. The key dates for March Madness 2023 are listed below.

March Maddness Tournament Dates

  • Selection Sunday: Sunday, March 12
  • First Four: March 14-15
  • First round: March 16-17
  • Second round: March 18-19
  • Sweet 16: March 23-24
  • Elite Eight: March 25-26
  • Final Four: April 1
  • NCAA championship game: April 3

Past March Madness Winners

Year Winner Preseason Odds Runner Up
2022 Kansas +1400 North Carolina
2021 Baylor +800 Gonzaga
2020 No Tournament No Tournament No Tournament
2019 Virginia +1350 Texas Tech
2018 Villanova +2700 Michigan
2017 North Carolina +600 Gonzaga
2016 Villanova +2500 North Carolina
2015 Duke +900 Wisconsin
2014 Connecticut +6500 Kentucky
2013 Louisville +700 Michigan
2012 Kentucky +550 Kansas

Can You Bet On Women’s College Basketball?

Yes. Online sportsbooks host betting lines for NCAA Women’s Basketball the same as they do for Men’s Basketball. The Women’s authentic division in the NCAA has a similar structure to the Men’s in terms of tournament structure, giving to heavy turnout at legal sports betting lines. Sports bettors who take action on women’s college basketball games can end up winning big as these games also have a one and done structure for the tournament, leading to major upset potential.

Depositing Into A Sportsbook To Bet On College Basketball

Making a deposit into an online betting site is extremely simple and can be compared to buying something online. You just need to input all of your financial information and click deposit and your funds will be waiting for you. Now, you have options when making deposits as well that aren’t just credit and debit cards. You can choose from cryptocurrencies as well as some others. You will have to follow some minimums and maximums and maybe even transaction fees when doing so as well.

College Basketball Deposit Methods

  • Credit/Debit Card
  • Cryptocurrency
  • Person to Person
  • Wire Transfer
  • Money Order
  • Echeck
  • MatchPay

Fastest College Basketball Withdrawal Methods

College basketball is one of the quickest paced sports in the country so it makes sense that online betting sites offer you quick betting payout methods to collect your winnings. Some of the fastest withdrawal methods though on any given betting site comes with cryptocurrencies such as Bitcoin, Ethereum, and Litecoin amongst many others that are accepted.

Sportsbook Processing Time
Bovada 15 Minutes
BetOnline Up to 48 hours
MyBookie Up to 24 hours
SportsBetting Up to 48 hours
XBet Up to 48 hours

Ways To Wager On College Basketball

Moneyline

Betting on the moneyline is the simplest way to bet on college basketball. When one bets on the moneyline, they are simply wagering on the outright winner of the game. The favorite will be represented with a negative number, indicating the amount of money that would need to be wagered to win a $100 profit. On the other hand, the underdog will be represented with a positive number, showing the profit one stands to make on a winning $100 bet.

Over/Under

Betting on the points total, also known as the over/under, is another popular and simple way to bet on college basketball. All this type of wager entails is choosing whether the total combined points scored by both teams will go over or under the se t points total.

Points Spread

Betting on the spread is another incredibly popular way to bet on college basketball. This type of wager requires bettors to wager on the winner of the game after applying a handicap intended to make the game as even as possible. If Duke and North Carolina were playing and oddsmakers believed Duke should win by five points, the point spread would look like this:

  • Duke -5 (-110)
  • North Carolina +5 (-110)

To win the bet if you wagered on Duke, they would have to win by six points or more. On the other hand, to win the bet if you wagered on North Carolina, they would have to either win the game or lose by four points or less.

Parlays

Parlays are a more advanced type of wager, but they are relatively simple to understand. A parlay combines multiple bets (referred to as “legs”) into one. For a parlay to cash, the bettor must win each individual leg of the bet. This obviously increases the difficulty exponentially, but also increases the payout exponentially. You can combine different types of bets into one, or even bet on multiple sports in the same bet. The opportunities are nearly endless, but keep in mind that parlays are infamously difficult to win. Also, some sportsbooks will have restrictions on which bets may or may not be parlayed. Be sure to check out your preferred sportsbook’s FAQ section to see their parlay policies.

Why You Should Take Longshot March Madness Odds

While sports bettors will be tempted to lean in on odds for high ranked teams, it should be noted that betting on the favorite has historically been a bad bet. Since 1985, the number one ranked team has only won the March Madness tournament a total of four times. The one and done structure of the tournament forces the winner to go undefeated, making it extremely unpredictable. This means sports bettors are better off taking odds on a lower-ranked NCAA Tournament team. While it is still a major gamble, the possible returns will be far greater and history is against the number one ranked school going into the tournament anyway. If you are betting on March Madness, underdog betting is the way to go.

The 5-12 Matchup

The 5-12 matchup is famous in betting circles for not being nearly as favored for the five seed as people expect it to be. Since 2012, the matchup has gone exactly 50-50, with five seeds beating 12 seeds only half the time. On the spread, that naturally means that 5 seeds are not likely to cover, having only covered in 11 of those 32 games. However, in a larger sample size, the advantage of the higher seed becomes clear. Since 1985, #5 seeds have won 64% of their games against #12 seeds.

#1 Seeds Are Good – Who Knew?

The #1 seeds often make deep runs into the tournament, and the only time a #1 seed has ever lost in the first round – when the Virginia Cavaliers fell to UMBC in 2018. However, not only do they rarely lose in the first round, but they also rarely lose in the second round, with 86% of #1 seeds making it to the third round on average. The statistical advantage that #1 seeds hold is remarkable, with a #1 seed winning the tournament 62.9% of the time. This means that each individual one seed has about a 15.7% chance to win the tournament.

While #1 seeds are the preeminent winners in the first round of the Tournament, it’s not like there are many upsets in terms of #2 seeds either. In fact, since 1985, only eight #2 seeds have lost their first-round matchup against a #15 seed. Since the NCAA Tournament expanded in 1965, around 40% of teams that made it to the Tournament have not won a single game, showing how dominant the top few teams can be.

Mobile Betting On College Basketball

You have the freedom to bet on any college basketball game you want from wherever you are at any given moment thanks to the mobile betting platforms that are offered by these sites. While you cannot download any apps to these devices, it works in your favor as they won’t take up any storage space. Anything you can do on your computer in terms of betting on college basketball, you can do right from your phone and any other mobile device. These are some of the mobile devices that you can bet on college basketball with:

  • iPhone
  • Google Pixel
  • Samsung Galaxy
  • Android
  • iPad
  • Microsoft Touch

Live Betting On College Basketball

One of the best ways to get in on college basketball betting action is with live in-game betting. With live betting, sports bettors are able to bet on the favorite college team. Every possession of the game now becomes its own win-lose scenario with the ability to cash in big on wins. Throughout the game, several wagers will pop up for sports bettors to take action on. These odds move fast so you will need to quickly wager in order to capitalize. Live betting is the best way to hedge your bets as the many betting lines available so often will be able to offset some of the losses. Betting on college basketball is done best with live in-game betting.

Betting On College Basketball FAQ

Where Can I Bet On NCAA Basketball?

Betting on NCAA basketball can technically be done from anywhere in the country if you’re using internationally regulated online sportsbooks. However, retail sportsbooks with college basketball odds can be found in Oregon, Nevada, Montana, Colorado, New Mexico, Iowa, Arkansas, Illinois, Mississippi, Indiana, Michigan, West Virginia, Pennsylvania, New York, Delaware, New Jersey, Rhode Island or New Hampshire.

When Are College Basketball Betting Odds Released?

College basketball betting odds are usually posted on the day of the game being played. This is because injury reports come late which makes it more difficult for sportsbooks to set odds until they know who is playing. Research for betting on college basketball games should still be done beforehand.

Which College Basketball Teams Are The Best To Bet On?

This will largely depend on what odds you’re hoping to beat. As the season progresses, ATS stats, straight up wins, and O/U trends will reveal themselves. From there you can research which teams are atop the leaderboards for these betting lines. It’s best to bet on teams with proven track records rather than just your favorite team.

Can I Bet On College Basketball Online?

Yes! Online betting on college basketball is available in all 50 states when you use the proper website. Almost half the country has state-regulated online sportsbooks whereas the other half has overseas-based online sportsbooks. Both avenues will have NCAA basketball odds and both are safe to use.