Best Sportsbooks For March Madness Online Betting

Published: Oct 13, 2022 Updated: Oct 31, 2022

It is that time of the year where no matter where you turn, everyone is talking about the event. For basketball fans, this is the period known as March Madness. In this extensive article, we will be discussing March Madness 2022 and everything associated with it.

Best Sportbook Sites to Bet on March Madness

DraftKings Sportsbook

DraftKings Sportsbook


BetMGM Sportsbook

BetMGM Sportsbook


FanDuel Sportsbook

FanDuel Sportsbook

$500 risk free bet


What is March Madness?


March Madness refers to that special time of the year when the National Collegiate Association college basketball tournaments for men and women are held. The term March Madness captures the thrill that is witnessed in the sports world as the tournament approaches. Weeks prior to the Big Dance, college basketball teams from across the United States competed to win the tournament. The NCAA College basketball tournament is referred to as a single-elimination tournament where 68 teams fight to survive for three weekends of the game to gain the crown of the national championship.

Although, earlier it was only 64 teams, recently, NCAA added four new teams that play in the ‘Play in’ games for the spot of the final field of 64. Only 16 teams make it to the Sweet Sixteen after the first weekend. In the second weekend, the game narrows further to the Elite Eight, and the next comes with the Final Four. In the final weekend, there are four semifinalists. The two winners of this semi-final round move forward to fight for the championship trophy. Out of the 68 teams, 32 teams obtain automatic bigs for winning their conferences. The rest of the teams are provided with at-large bids by the selection committee, depending on their performance.

Thereafter, teams are divided into four geographical regions covering east, west, south, and mid-west of the USA. These are added into a bracket, which puts on the path that every team must travel to reach the finals. From 1 to 16, every team is ranked within its respective region. Every year, people across the USA fill out their March Madness brackets in an attempt to predict the winners of the games. While there are a lot of upsets, it is not entirely possible to  precise March madness bracket betting. The odds of guessing the winner of each game is less than 1 in 9.2 quintillions.

What Are The March Madness Betting Options?

Below are the common betting options that you will get when betting on March Madness:

Money Lines Betting

It is one of the common sports betting options out there. Considering that you are only wagering on which team will win or lose, it is one of the simplest ways to make a bet. Every team or player in a matchup of this option is provided with a distinctive value known as offs for the gambler to wagers on. These odds are set by the sportsbooks and oddsmakers.

Over/Under Betting

It is also known as totals, and in this, you have to predict whether certain occurrences will be under or over a specific threshold. For instance, you can place a wager on under or over the total points scored in the game. The bet may be on a score of over 165. So if both the teams score above this threshold, the bettor wins. Typically, the points are kept at half point in order to prevent ties.

Parlays Betting

In this type of bet, two or more wagers are combined into one. This can encompass money lines, futures, point spreads, proper bets, total, etc. You can combine them as long as the bets are on various games. Considering that you are betting on multiple teams, it provides you with a larger payout. But there is a higher risk involved as well. In this, you ensure that you do not lose any leg; otherwise, you will lose the whole parlay.

Prop Betting

Prop bets are short for proposition bets. In this, the wager is placed on a particular event of the game or an individual. Except for total, Moneyline, and point spread, any bet on the game can be deemed as a prop bet. Rather than betting on which among the two teams will win, the bet can be placed on the score of a particular player.

Top March Madness Sites To Bet

Following are some of the best sports betting sites  in the USA that facilitate betting on March Madness:

DraftKings Sportsbook

It is one of the best online sportsbooks available in the USA. The site is available in New Jersey, Colorado, West Virginia, Pennsylvania, Indiana, and Illinois. The website is offering a sign-up bonus of up to $1000 that includes a deposit match and a risk-free bet. To avail of this bonus, you have to make a minimum deposit of $5. After the first deposit, the platform will make your first bet risk free up to $500 based on the volume of the deposit. There is also a $500 deposit match. But to gain that you have to adhere to the 25x wagering requirements. This means that you have to bet $12,5000 to receive the bonus amount.

PointsBet Sportsbook

Launched in the year 2017 in Australia, PointsBet is a relatively new sportsbook in the industry. It joined the US market in 2019. If you register on the platform today, you will get four risk-free bets up to $1000. You can avail of the bonus for four bets up to $250 each, where you will receive your lost money back on the wager. To avail of the welcome bonus, you must add promo code FPLBET. The platform continues to offer enticing promotions. For instance, there are boosted march madness odds 2022 that enhance the payout without you having to bear the additional risks.

SugarHouse Sportsbook

This sportsbook is based out in Pennsylvania and comes with robust proprietary software, seamless and exciting gameplay, easy to navigate applications, and excellent rewarding programs. The platform offers a 100% match deposit for up to $250 in the form of a welcome bonus. The bonus you claim will reflect in your account within 48 hours, but you do not wager it within 30 days, it will become invalid. In addition to this bonus round, there are many reward programs available as well. For instance, the iRush rewards programs provide you with free membership of a loyalty rewards program and the benefits it offers.

William Hill

It is among the biggest retail sportsbooks in the United States of America and is legal online in New Jersey. There is a sophisticated and easy to understand interface, secure and versatile payment option, and support by leading software providers. The platform offers a no-deposit bonus of $10 to its newly registered players. Also, it matches a 100% bonus up to $150 once you make the first deposit. To avail of these bonuses, players have to make the first deposit within 21 days. In the first deposit bonus, there is a wagering requirement of 1x on the deposit amount and bonus.

FanDuel Sportsbook

This popular online sports betting website is available in Pennsylvania, West Virginia, and New Jersey. It features a stellar interface, excellent software back-up, versatile betting range, etc. to offer a seamless betting experience. FanDuel sportsbook provides $500 risk-bets to its newly registered players. So if you lose your first bet, the platform will credit the bet amount back to your account. FanDuel provides an exciting promotional offer that enables you to place a first bet up to $500 without bearing any risk. To avail of this offer, you have to make an initial deposit of $10. There is also a 1x wagering requirement before you can withdraw the money.

Caesars Sportsbook

In the year 2018, Caesars launched its online sportsbook in partnership with Scientific Games in New Jersey. The online sportsbook expanded its presence in Indiana and Pennsylvania. The no-deposit bonus for sportsbook users that allows them to make free net worth $10. For the deposit bonus, you can claim a 100% deposit match up to $300. Caesars is among the few sportsbooks that allow you to benefit from a wide range of reward programs. You will find tons of betting options that include spread, parlays, Moneyline, teasers, total, props, futures, etc.

March Madness Odds for Winning

Given the popularity of March Madness, the odds of winning the National Championship have already been made accessible for all major schools on various leading sportsbooks. These platforms offer different types of wagering options on every game of March Madness. These wagering options will be accessible at a later date. But below are current future odds for the popular tournament participant for the 2021-22 season:

What Are The Best Cinderella Teams?

Following are some of the greatest Cinderella teams:

Villanova 1985

The 1985 Villanova Wildcats were among the lowest seed (an eight seed) to win the national championship and continue to hold that title. In the last season, the Wildcats without a shot clock took advantage of the time in the first half of the title game against Georgetown, moving themselves to victory.

2006 George Mason

The George Mason Patriots were a small school that made their way into the hearts of the fans as they defeated bigger opponents in the 2006 Final Four. The journey of Patriots was more challenging than many other teams as they were provided with an 11th seed in the tournament. The Patriots defeated Michigan State of North Carolina, fellow UConn, and Cinderella Wichita State prior to being defeated by the Final Four, Florida.

Butler 2010

It is the only second mid-major to ever reach a Final Four. This fifth-seeded team had a tough journey in the tournament as they had to take down Michigan State, Syracuse, and Kansas State to win the title game. While this little team from Indianapolis has been known to make a little buzz occasionally, its improbable journey in the year 2010 rolled out a Butler-mania.

NC State 1983

The 1983 Wolfpack entered as a sixth-seeded team into the tournament. After every game, it became inevitable that the journey of the team would come to an end. This team became popular for winning games post trailing in the last minutes. This is something that they did seven times out of the nine games. Post defeating Virginia, the Wolfpack advanced to the national title where they fought Houston Cougars.

2011 VCU

During the NCAA March Madness tournament of 2011, the nation quickly became a favorite. It is among the third ever 11th-seeded team to reach the Final Four by defeating the number 1 seeded Kansas by a massive 10-points in the Southwest regional championship game.

Tips to Win While Betting on March Madness

Below are some of the effective tips that help you win big on March Madness:

March Madness Champions Are Balanced Teams

Whether betting on March Madness National Championship futures or filling out a particular bracket, there is small value in selecting a one-dimensional team. To win big, a team must possess an elite offense as well as a stifling defense. Over the course of 17 tournaments, only a single champion has ranked beyond the top 20 in offensive efficiency, and none of the team have ranked outside of the top 20 in defensive efficiency. Every year, the bettors will find comparatively high seeds that are lacking at a single end of the court.

Performance Down The Stretch

A pitfall that you should is weighing the entire record too highly when evaluating teams or handicapping basketball games in the tournament. The entire record does matter, but the way a team is playing into the tournament is more important when it comes to predicting performance. It is rare to witness a team that enters the tournament and plays terribly and still ends up running the table.

Players Who Have Excellent Defense Holds Advantage

High-scoring offenses can help move a team along during the regular season. But that does not mean success in the postseasons. And, schools that depend highly on their offense are often vulnerable to upsets. You will come across march madness betting games where the shots won’t fall. One bad shooting performance and the team may not advance in the next round. That’s why you should concentrate on teams who bring their A-game on the defensive side. These teams are great to support against the spread, particularly when in the underdog role.

Importance of Location

This tip often gets overlooked when deciding the March Madness betting strategy. The shorter the team has to travel, the higher is the probability that their fan base will be showing up for support. While games are hosted on a neutral court, the top teams are generally seeded close to their home. And playing in the home ground serves a motivation to perform better.

Efficient Management of Bankroll

One of the vital online betting tips is the proper management of bankroll. While being excited about a basketball tournament is great, you, at times, end up betting on too many games. You do not want to risk your entire bankroll in the first week itself. When betting considering the tournament as a marathon, focus on winning little every day. Although it is hard not to get caught up in the thrill, it is important that you stay calm and practical.

How to Watch March Madness?

You can watch all the games of 2022 NCAA Division one Basketball Championship Love on any device. Head to the official site, select your TV providers, sign in using ID and password, and you can have unlimited access to all the games live on multiple devices.

Latest News

The infamous March Madness was canceled last year due to the outbreak of the COVID-19 pandemic. But as per the sources, the NCCA might be hosting March Madness this year. Jon Rothesetin from CBS Sports reported that the NCAA is going ahead with the 2020-2021 season, and they have two potential starting dates. The seasons may either begin on November 25, 2020, or December 4, 2020. The college basketball season generally starts at the beginning of November within different massive preseason tournaments like Puerto Vallarta Tipoff, Maui Invitational. But with the changes proposed in the time frame, it is not certain those tournaments will be a help or canceled together. With the two proposed dates, it implies that official practices would start on October 12, 2020, or October 24. But Larry Krystkowiak, the Utah head coach and his team are already back at work. A majority of the Utes is training.


March Madness is one of the enthralling NCAA basketball tournaments. The tournament offers tons of betting options for all sorts of gamblers across the USA. With the right strategy and approach, you can win a huge sum of money while betting on NCAA tournaments games.

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Frequently Asked Questions

Is it legal to bet on March Madness online in the US?

Not every state offers to bet on March Madness. You can bet on these games where online sports betting is legal.

When did March Madness start?

March Madness started in the year 1939. In the inaugural tournament, only eight teams played. And Oregon defeated Ohio State to win the title.

What was the biggest upset in March Madness history?

The year 1985 witnessed one of the historic NCAA upsets in the tournament history. This occurred when Villanova took down Georgetown. Nobody expected the Wildcats to be in the final, but the team earned the upsets over North Carolina, Memphis, Michigan, and Maryland. And then they went head to head to defeat the Hoyas.

What was the lowest seed to win the March Madness tournament?

The lowest-seeded team to reach all the way to the finals and eventually win the national championship was the no- 8 seed 1985 Villanova Square.

Who won the last March Madness tournament?

In the year 2018, Vilanova won the March Madness tournament with a score of 79-62. North Carolina was the winner of this tournament in 2017.

Who is the best March Madness team in 2022?

There are tons of factors that go into deciding the best team. And according to the NCAA list, Baylor, Kansas, Gonzaga, San Diego State, and Duke are among the top teams.

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