- Underdogs in March Madness went 19-46 and profited $1,364.
- St. Peters underdog odds alone profited $2,275 after accumulating their losses.
NEW ORLEANS – The 2022 March Madness tournament has come to an end and the Kansas Jayhawks have been crowned the National Champions after defeating the North Carolina Tar Heels.
While money was certainly made betting on the favorites in the tournaments such as the Jayhawks, the underdogs were the ones that brought in some real money.
Throughout the tournament, teams that went into their games with underdog odds saw an overall record of 19-46. Although that record might not look great, the profit that came from betting on every underdog outweighs it.
When betting $100 on every underdogs March Madness odds, a profit of $1,364 would have been made after accounting for all the losses.
Notable Underdog Wins
The one major underdog of the tournament that cannot go unnoticed are the St. Peters Peacocks. The Peacocks alone reeled in $2,275 in profit even after taking their loss into account. Their wins include a +1400 win over Kentucky, +325 against Murray State, and +650 against Purdue.
Another underdog run that should not go unnoticed came from the North Carolina Tar Heels as they were underdogs in four of their six March Madness games. In those four games, they defeated Baylor at +190, UCLA at +125, and Duke with +170 odds. All for a profit of $385 after their loss as an underdog to Kansas in the championship game.
Some single game underdogs that saw over $200 in profit include the #12 Richmond Spiders who took down the #5 Iowa Hawkeyes in the first round and the #4 Arkansas Razorbacks over the #1 Gonzaga Bulldogs in the Sweet 16 who were both at +400 odds for a $400 profit.
In the second round, the #10 Miami Hurricanes cashed +260 odds for $260 in profit over the Auburn Tigers. Also in the Round of 32, the #11 Michigan Wolverines defeated the #3 Tennessee Volunteers at +200 odds.
Overall, legal sports betting sites were definitely hurting after March Madness underdogs showed up to play.
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Samuel has been writing professionally for 4 years. He comes from a sports writing background where he enjoys writing mostly about basketball and football both professional and collegiate. He is a recent graduate of Florida State University where he majored in Editing, Writing and Media with a minor in Communications. During his free time, you can find him watching or playing sports as well as playing videogames and listening to music.