Last updated on: December 8th, 2022

Betting On College Basketball

College basketball betting on legal online betting sites have come a long way as you have several options to do so. Unlike some online sportsbooks, with the legal betting sites on this page, you have access to loads of player and game props as well. Some of the other features that these betting sites have to offer to enhance your CBB betting experience are massive bonuses, easy platforms, and quick payout methods.

  • CBB Player Props
  • Fast Registration
  • Cryptocurrency College Basketball Bonuses

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!

#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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#4

XBet Sportsbook

College Basketball Betting From Your Phone

Betting on college basketball with XBet can be done right from your phone or any other mobile device that has access to the internet. That said, you have the freedom to be anywhere and still have all of the odds right at your fingertips. The great thing about them as well is that they do not have any apps for you to download that would take up space on your phone. To access them, you just go to their URL from your devices web browser.

Ratings: 5 Star Rating

  • Worry-free Legal Betting
  • Exclusive Bonus Offers
  • Constantly Updated Odds
  • Premier User Experience
  • Full Mobile + Live Betting

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#5

SportsBetting Sportsbook

$1,000 CBB Betting Promotions

Bonuses are one of the main things that persuade you to sign up for a specific CBB betting site and SportsBetting offers some of the best promotions for new users to choose from. Starting with their 100% crypto match bonus where they’ll match your first crypto deposit by up to $1,000. They also offer a 50% first deposit match bonus for all other deposit methods that is matched also up to $1,000.

Ratings: 5 Star Rating

  • Efficient Site Layout
  • Full Mobile Betting Suite
  • Available Customer Service
  • Trustworthy Banking Options
  • Fast Payout Times

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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.

Signing Up For A Legal CBB Betting Site

Getting your account with an legal sports betting site settled so you can bet on college basketball is simple. All they’ll require from you is some basic information in order to create your account. That includes your name, location, and date of birth. The entire process could be found below

  • First/Last Name
  • Zip Code
  • Contact Info
  • Birthday
  • Create Password
  • Select Deposit Method
  • Choose Deposit Bonus

How To Request A Withdrawal From An Online College Basketball Betting Site?

Getting your funds paid back to you after successfully betting on college basketball does come very easily no matter which method of payment you are requesting for a withdrawal. You don’t need to input any other personal information and are just responsible for confirming you are the one making the withdrawal request.

  • Click the “payouts” tab when logged into your account
  • Choose your desired payout method
  • Enter the amount you wish to withdraw from your account
  • Confirm via a verification code that you are making the withdrawal

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.

Line Shopping College Basketball Odds

To get the most value out of your college basketball bets, it is wise to line shop the odds you are looking to bet on first to make sure you are getting the biggest payout possible for your bet. Using the odds to win March Madness as an example, specifically on the North Carolina Tar Heels. At MyBookie, you can find their odds to win March Madness at +950 while DraftKings has them listed at +900.

Betting $100 on the Tar Heels odds at MyBookie would profit you $50 more than it would at DraftKings as they payout $950 compared to $900. For season-long futures bets like this it makes sense to take the odds you like at the book that is going to offer you the biggest payout.

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. Below are the current odds for the 2022-23 Women’s National Championship.

Depositing Into A Sportsbook To Bet On College Basketball

Legal college basketball betting sites offer many different depositing options for fast and secure transactions. There are methods available to suit every player’s needs, with cryptocurrency being the most efficient method. Credit cards, bank transfers, and cryptocurrency all have different limits for how much can be deposited daily/weekly but crypto is the only of the three that never charges any transactional fees. Most of these methods deposit instantly but could take up to 48 hours, allowing for players to wager on live NCAA basketball game lines or future wagers on 2023 March Madness.

College Basketball Deposit Methods At Bovada

Payment Type Deposit Min Deposit Max Fees
Bitcoin/Litecoin $10 $5,000 None
Mastercard/Visa $20 $1,500 15.9%
Bank Transfer $50 $450 Vary
MatchPay $20 $1,000 None
Player Transfer $10 $15,000 None

Payout Methods For College Basketball Betting

When sports bettors have wagers that hit on live college basketball game odds, future wagers, or player props, legal sportsbooks have secure and easy-to-use payout methods available. Depending on the method, there are no fees and transactions are processed within 24-48 hours. Crypto withdrawals never require any fees and Bovada offers free withdrawals every 90 days for other methods.

Payout Method Withdrawal Min Withdrawal Max Fees
Bitcoin/Litecoin $10 $9,500 None
Check By Courier $100 $3,000 $100
Bank Wire $1,250 $9,500 $100
MatchPay $20 $1,000 None

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

Legal Bonuses For College Basketball Betting

March Madness and college basketball betting is one of the most bet on sports in the US and legal sportsbooks offer bonuses that can be used for all college basketball betting. While all of these bonuses have different amounts available for their players, they all offer bigger bonuses for crypto transactions and new players of the site. These bonuses can help boost every college basketball bettor’s bankroll before the season starts, or live during the action.

Sportsbook Bonus Type Max Bonus Credit Rollover
Bovada Crypto New Player $750 5x
BetOnline Crypto Reload $350 8x
MyBookie New Player $1,000 10x

Betting On College Basketball With Cryptocurrency

Cryptocurrency has taken the world by storm as a main form of payment and online CBB betting sites have quickly adapted to that. You can make your deposits and withdrawals with more than 10 different cryptos on some sites. The main benefit from betting with cryptocurrency is that regardless of which betting site you choose, you won’t have to pay any transaction fees when depositing or withdrawing from your accounts. You also will not have to wait long for your funds to process as they’ll go through near instantly.

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.

Game Props

Game prop odds can be found for one specific game and you are betting on several different angles of the game that aren’t just who is going to win. These include team total points, alternate spread for a bigger return, first and second-half gamelines, first team to score ten points, and several others.

Player Props

Other than betting on one specific team, you can bet on specific college basketball players as well from different aspects of their performance. You’ll be able to find odds on things such as players total points, total rebounds, total assists, and different combinations of the three. There are also different player props including who will score the first basket of the game and things of that nature.

Futures Odds

Placing a futures bet is one of the most popular bets that you could make on college basketball as it is betting on the outcome of something in advance before the event occurs. Some of the most popular college basketball futures odds come with the odds to win March Madness and odds to win each region of the bracket, Wooden Award odds, team win totals, and more. These odds open way in advance and are shifted all throughout the regular season depending on the outcome of different teams seasons.

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

Mobile betting on college basketball games is available at online sportsbooks across the world. Our recommended sportsbooks have no restrictions on player props or any other kind of college basketball bet. Some state-regulated books do restrict player props, and others restrict college betting entirely, so it’s best to avoid those if you want the full college basketball betting experience. In turn, these sportsbooks are easy to use on mobile devices, since the same sportsbooks that have no CBB betting restrictions also have no-download-necessary college basketball betting on phones.

CBB iPhone Betting

IPhones can easily bet on college basketball when you visit the mobile website of a sportsbook like Bovada or BetOnline. These sportsbooks serve every state in the country, so you should be able to access them no matter where you are. Note that there is no official Bovada app – you should regard anything claiming to be the official Bovada app as a scam.

College Basketball Android Betting

The best way to bet on college basketball with Androids is not with an app! App-based CBB betting outlets tend to be limited in terms of what they can offer, both in terms of the wagers they can give you and the states they can serve. The best way to guarantee you get all the Android college basketball betting you crave is to use the mobile website of a sportsbook like Bovada.

Devices That Can Bet On College Basketball

  • iPhone
  • Google Pixel
  • Samsung Galaxy
  • Android
  • iPad
  • Microsoft Touch
  • Huawei
  • LG Wing
  • And More!

Live Betting On College Basketball

Live betting on college basketball generally covers two main styles of bets. The first style of bet is to take a pregame bet, such as an O/U or moneyline, and then wager on it during the game, with lines adjusted to account for the events that have already happened. The second style of bet is to bet on things that are immediately about to happen, like who will score the next points in the game.

Live + Pregame Bets To Make

  • College Basketball Spreads
  • College Basketball Moneylines
  • College Basketball O/Us
  • College Basketball Point Totals
  • College Basketball Player Props

Live In-Game Bets To Make

  • What Will The Next Point Be?
  • Will [Player] Make His 2nd Free Throw Attempt On This Trip To The Line?
  • Will [Player] Make His Next Field Goal Attempt?
  • Which Team Will Reach Its Points Milestone First?
  • Which Team Will Score The Next 3-Point Field Goal?
  • Will The Total Points Scored In The Quarter/Half Be Odd Or Even?
  • What Will The Quarter/Half Total Score Be?
  • What Will The Margin Of Victory Be In This Game?
  • Which Pairing Will Outscore The Other In The Half?

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.