March Madness is one of my favorite tournaments of the year. As any other basketball fan, I can’t wait to watch the hottest prospects and potential NBA legends on the floor. And of course, to find some good opportunities to make money.
The top 68 teams in NCAA Division I will face each other in the men’s finals starting March 13. With the most important college basketball tournament so close, it would be a smart idea to explore the betting opportunities out there.
The good news is that almost any bookie, land-based or online, will offer various opportunities during March Madness 2018. Here are my suggestions for the six best ways you can win money during March Madness:
Bet on the Champions
I feel it’s the most appropriate to start with this classic futures bet. Betting on the champion is always exciting for a number of reasons. The first reason is that the odds of any team out there, including the favorites are quite solid.
The odds for each are between +600 and +800. I challenge you to find another major sporting event where the favorites are priced so well. It creates a good opportunity to make a lot of money with just a tiny bet.
On top of that, the format of March Madness makes any team a possibility. Each round is single game elimination and we all know anything is possible in a game. The underdogs actually could snatch the win, so you will be able to find teams priced around +1500 or even better that have a legitimate shot at winning the tournament.
Finally, you can easily cover more than one team. The high odds allow you to invest in a couple of different options and the return will still be solid. At least that’s what I intend to do.
Bet on the Final Four
The winner market is probably a bit too risky for most people and it’s easy to understand why. Even the best team can fail when it only takes one loss to be eliminated from the tournament.
If you are concerned about that, you can always try the Final Four option. It’s another future that has a lot of perks. For a starters, the odds are still solid so you won’t have to put up a lot of money to get a good return.
At the same time, each team has a much bigger chance of making the Final Four as opposed to winning March Madness. Simply put, the college you backed will play two games less and they would normally be against the toughest opponents out there.
Fill Out a Bracket and Win the Most Points
This is a rather unconventional approach, but one that shouldn’t be underestimated. Each year, there are plenty of opportunities to win brackets around March Madness and we will certainly see more of the same in 2018.
Some of them you will find online and they can bring you cool prizes for free. Others reward the best contestants with various goodies like smartphones, tablets, and such. You could also join private March Madness 2018 brackets that friends or coworkers run.
If you are smart about it, you have a decent shot at winning a lot of points in such competitions. Most people don’t take them too seriously and quickly fill in the first result that springs to their mind. If you take the time to prepare, check the teams, and stick mostly to the favorites, you have a solid shot.
This could seem a bit boring, but think about it. It’s probably pointless if you take part in only one bracket. However, if you participate in many different contests, the value rises significantly. You could even pick different scores so you have the chance to win at least one bracket under various scenarios during March Madness.
The brackets route has another advantage – you don’t have to invest any money. You could easily stick to free options and still win cash or other prizes.
Bet on Individual Games
The strategy that has the highest potential is to bet on the individual games during March Madness 2018. There will be a lot of them and you can make money each round.
The key during the early rounds would be research and preparation. Find all the data you can, check how the best players of each performed during the season and analyze the important information.
It would be crucial to also try and find comparable match-ups in the previous results of each college. For example, if you want to bet on a certain team and it’s facing an opponent with a strong defense, try to select all of the games against mostly defensive colleges during the regular season. This will give you a good idea how your favorite performs against such a team. That’s just one example, but I think you have the idea.
The next thing you should do is to always check is the team news. One or two changes in personnel could dramatically decrease the chances of a particular team. Especially if we’re talking about star players.
Later on in the tournament, it’s more about the momentum and mentality. Weaker teams might gain confidence with a couple of wins and beat the favorites.
Another important factor in the final stages of March Madness is the hype. A lot of people will be following the competition and placing their own bets.
At some point, the cash flow will be enormous. When this happens, you should avoid the so-called “public bets”. In such cases, most of the crowd will put their money on the same outcome and the operators balance the books by lowering the odds. As a result, there’s no value left.
I’ve got to say, this is one of my favorite types of betting in general. You can watch a game, see how it goes and find a market that contains a lot of value. I honestly love this approach and I believe it’s one of the best ways to make money and March Madness 2018 is not an exception.
First of all, I would suggest it only to people who have watched plenty of basketball games and at least some college games. If most of your experience is with the NBA, you might struggle.
Also, people tend to place a lot of wagers between the different quarters or at halftime. I believe this is a huge mistake. These breaks are the moments the coaches earn their salaries.
As a result, you will often see tactical adjustments, different players on the floor, and other factors that might completely transform the game. Make sure to be patient and wait for the new quarter to start so you don’t lose money in such situations. See how it goes before your place a wager.
March Madness 2018 Props
Prop bets are largely overlooked by many people. They are viewed as a way to have fun and not really a potential source of profits. I beg to differ, at least with the second part.
While there is a pinch of craziness in prop bets, this basketball tournament is called March Madness after all. There are tons of games to be played, a lot of surprises happen each year, and everything is possible. This is why you should at least check what prop bets are available.
I’ve got to admit, the bookies are rather creative in this regard. You can find all kinds of stuff, from the number of seed that will win the tournament to the highest margin of victory during each round of March Madness 2018. There’s even to option to predict the number of buzzer beaters.
Take a look and see if you are able to find an appealing market. Sometimes there are hidden gems among the prop bets.
The entertainment during March Madness 2018 is pretty much guaranteed. However, the whole experience would be even better if you manage to make some money. As you can see, there are enough opportunities to boost your bankroll with a couple of smart wagers here and there. Some of them are available right now, while others will appear as the tournament progresses.