Betting On College Basketball
Betting on college basketball is one of the biggest and best ways to get in on the action. Outside of the NFL, college basketball, specifically the March Madness tournament, is one of the most wagered on events in the United States. Sports bettors place heavy action every year on major schools to win it all in the end and the bone and done structure of the NCAA Men’s Basketball Tournament allows for major wins on longshot wagers. Legal online sportsbooks host some of the best betting lines available for college basketball betting and are the go-to betting operators for March Madness bettors. With the 2021 season in the past now, bettors can now look forward to the 2022 college basketball season.
It is indeed legal to bet on college basketball, however, there are some caveats. Many states with legal sports betting have strict laws that prevent local sportsbooks from offering betting lines on local teams. For example, you cannot bet on local colleges in Indiana at regulated Indiana sportsbooks. Other states like Iowa prevent sportsbooks from offering college player prop bets. This is due to the risk of point-shaving and other forms of cheating by local college players. The good news for local bettors who wish to wager on their local teams is that online sportsbooks offer betting lines for college sports in all markets.
With online sportsbooks, you can legally bet on college basketball with no restrictions. Every game, betting line, and prop bet, and spread is available to be wagered on by all legal sports bettors. This allows college basketball betting to be one of the best forms of sports betting there is. With major events like March Madness every year, you don’t want to miss out on all the potential betting lines available. Betting on the NCAA College Basketball season is entirely legal.
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.
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Current College Basketball Futures Odds
The odds for the 2022 March Madness Tournament are posted and sitting at the top is no other than Gonzaga. Gonzaga has been a powerhouse team for some time now and it is only right that they sit above the rest. Following Gonzaga are Florida State, Michigan, Ohio State and Villanova who are the only teams with odds sitting under +2000. When looking to bet on these college basketball futures odds, these are not the only odds that can be found. When it comes time for March Madness, bettors can also bet on which teams will make the Final Four as well as Which team will win each region.
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.
Betting On College Basketball: Online Vs. Land-Based
There are many differences and similarities to consider when deciding to bet on college basketball either in person or at an online sportsbook. For starters, brick and mortar sportsbooks benefit from the social interaction that cannot be replicated at online sportsbooks. While the same odds, betting lines, wager types, and payouts can be found at legal sports betting sites, physical sportsbooks will always be the go-to for sports bettors who want the overall atmosphere experience. In addition, as most sportsbooks are inside casinos, sports bettors have the option of betting on sports than going to play other gambling games while they wait on the results of the wager.
Online sportsbooks, while not having the social element that land-based sportsbooks have, do have the element of convenience. Being able to bet on your favorite sports team from anywhere at any time is what separates online sports betting from its physical sports betting counterpart. Many bettors prefer to watch the big games from the comfort of their homes. Online sportsbooks allow that process to remain and also allow sports bettors to get in on the action. Sports bettors who take action at online sportsbooks also have the option of shopping the lines. This is a process where sports bettors explore multiple offs at many sportsbooks to find the best possible betting line. This is only possible to do at online sportsbooks.
The main deciding factor for many sports bettors will ultimately be the laws of the states with legal sports betting. Not every state that has legal sports betting also has online betting options in its legislation, making brick and mortar sportsbooks the sole option. In addition, some states have only online sports betting available and no land-based locations. While preference is the driving force, availability may play the biggest role in what sports bettors will end up choosing.
NCAA Basketball Schedule And Notable Dates
As time passes, the 2022 college basketball season will continue to approach, with that said, there are different dates for college basketball bettors to keep an eye out for. Some of those dates are the start and end of the regular season, when the First Four games will be held and the start and finish of the different rounds in March Madness. With those dates not yet being set, bettors can look back here soon and find out when the action begins.
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
While depositing money with a brick-and-mortar sportsbook is as easy as checking out at a grocery store, online sportsbooks are a bit more variable. Every online sportsbook has its own rules governing things like minimum and maximum deposits and what payment methods it will accept, but there are some commonalities. Most major sportsbooks accept deposits via credit or debit card. They also support cryptocurrency deposits, most commonly via Bitcoin. While cryptocurrency has been used as a scary media buzzword over the last few years, it actually represents a safe, secure, and untraceable method of depositing money into your account.
Every major online sportsbook also offers unique promotions to encourage people to deposit, most commonly in the form of a percentage match on a customer’s first deposit. In other words, when a bettor deposits money, the book will deposit additional money in their account, based on this pre-arranged percentage.
How Do I Withdraw My College Basketball Winnings?
Again, withdrawal from a land-based sportsbook is relatively foolproof. Winners are directed to take their bet slip to a cashier’s window. Upon verification of their winning bet, the cashier will walk them through their various payout options and just like putting money in, withdrawing from online sportsbooks is also quite simple. As with deposits, every online sportsbook offers its own options for bettors to withdraw their winnings, each of which has its own stipulations about the minimum and maximum withdrawal amounts.
Because of the Unlawful Internet Gambling Enforcement Act (UIGEA), bettors cannot withdraw money directly from overseas sportsbook accounts into their bank accounts. Because of this, the easiest method of withdrawal is usually the aforementioned cryptocurrency. Featuring the lowest minimum withdrawals and deposits and near-instant processing times, cryptocurrency represents the ideal method of facilitating transactions with online sportsbooks. If for whatever reason cryptocurrency isn’t practical or ideal, books offer alternative methods like wire transfers and courier checks, but these methods usually have additional fees associated, as well as higher minimum withdrawals.
Ways To Wager On College Basketball
The moneyline is the simplest way to bet on college basketball. Moneyline bets are simply bets on who you think will win the game. The simplicity of the moneyline makes it an attractive option for new players, but the formatting of moneyline bets could still use some explanation. With all legal sports betting types, the favorite will be listed with a minus sign in front of their line, while the underdog will be listed with a plus sign. With the moneyline, the line represents payouts based on a standard wager amount of $100. Moneylines for a game will be listed like this:
- Pittsburgh +210
- Notre Dame -250
To translate, Notre Dame is the favorite to win the game. To win $100 betting on Notre Dame, you would need to wager $250. If you bet on Pittsburgh to win, a winning bet of $100 would net a $210 return in profit.
The over/under is a great way to bet on college basketball even when you don’t have a vested rooting interest in a game. When a sportsbook lists the over/under for a game, it represents a projection of the total number of points that will be scored in that game between both teams. The final margin of victory doesn’t matter, nor does the manner in which points or scored. The total number is all that matters. Bettors wager that the total will either go over or under the designated amount. In a real online sportsbook, the over/under will be formatted something like this:
- Iowa O136.0 (-110)
- Purdue U136.0 (-110)
To reiterate, the actual result of the game doesn’t matter in this situation. If Iowa wins the game 135-0, the total will still be under. If Purdue grinds out a 70-67 win in eight overtimes, the total will still be over. If the final total is exactly the same as the over/under, the bet is a push, and bettors will receive their money back.
For more seasoned bettors, the spread offers more favorable odds for the college basketball season’s many lopsided matchups. When betting against the spread, you are betting not just on who will win, but on what the margin of victory will be. As with the moneyline, favorites will be listed with a minus sign next to their line, while underdogs will be listed with a plus sign. When betting on a favorite to cover the spread, they need to not only win the game but win it by more points than the spread for your bet to cash out. When betting on an underdog, they can either win the game outright or lose by fewer points than the spread for a winning bet. A college basketball spread might look something like this:
- Villanova +3.0 (-110)
- Butler -3.0 (-110)
In order for a bet on Butler to win, the Bulldogs would need to win by at least 4 points. A Villanova bet would cash out if Villanova either wins the game outright or loses by 2 points or fewer. If Butler wins the game by exactly 3 points, the bet is a push.
A parlay bet is a risky alternative to conventional betting that maximizes potential returns by drastically reducing the odds of getting a winning ticket. Rather than being a bet on one specific outcome, a parlay is a bet on multiple specific outcomes occurring together. While this increases the payout of a winning bet exponentially, even one incorrect pick in a parlay causes it to become a losing ticket. Parlay tickets can include bets of multiple different types from multiple different sports. A college basketball parlay ticket might look something like this:
- Florida over Georgia (-550)
- Virginia -7.5 vs. Clemson (-110)
- Butler vs. Villanova – O131.5 (-110)
- Total Points for Ty-Shon Alexander – O16.5 (-140)
- Oklahoma State over TCU (-150)
While all of these events individually have odds of 50% or greater, the hypothetical bettor who makes this parlay needs all of them to occur for his or her ticket to pay out. Florida must beat Georgia, Virginia must beat Clemson by 8 or more points, Butler and Villanova must total 132 points or more, Ty-Shon Alexander must score at least 17 points and Oklahoma State must beat TCU. If all of these things happen, this bettor could see a return on investment well over 1,000%.
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. Teams like Illinois, Villanova, and Iowa with +1000 odds are a far better wager than taking the favored Gonzaga at +500. If you are betting on March Madness, underdog betting is the way to go.
Mobile Betting On College Basketball
Thanks to mobile sports betting, putting action on your favorite college basketball team is just a few clicks away. Mobile sportsbooks offer all the same betting lines that would be found at retail sports betting operations, without the need for bettors to physically be there. You can watch the March Madness tournament from the comfort of your home and bet on the team you want to win through your mobile device. Many states with regulated mobile betting have sports betting apps that can be downloaded, hosting all the same betting odds found at the retail book the app is powered through.
Sports bettors in states without a regulated mobile betting experience can still get in on the action any time anywhere on the go sports betting that mobile betting has to offer. International betting sites offer some of the best college basketball odds available. These sites can be fully accessed from the web browser of your smartphone or tablet. These sites offer a wide variety of winning potential and have the same if not bettor odds that are found at the domestic books. Mobile betting on college basketball is made easy thanks to mobile sportsbooks.
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.