Ready to fill in your 2020 March Madness Brackets or bet on the games?
Have you filled out a 2020 March Madness bracket yet? The field of 68 teams earning bids to the NCAA basketball tournament is about to be announced, and while betting on March Madness is legal in only a few states it will still be one of the most bet events in the US.
According to the American Gaming Association (AGA), an estimated 40 million+ people bet on last year’s March Madness brackets and wagered over $4.6 billion in the process. It isn’t just office pools. As sports betting spreads across the country, the sports gambler has become more sophisticated. Sports bettors will be placing bets on individual NCAA March Madness games. These bets will include spread bets, money line bets and totals bets. In fact, live betting is also becoming more popular as people become used to using sports betting apps to make bets. The traditional way of making a wager was to wait in line at a sportsbook but that did not lend itself to live sports betting. With the increase in legal sportsbooks offering betting apps with in-game betting odds, live betting has become the big growth area for sportsbooks. Now you can just add money to your account and avoid waiting in line to make your bets. If you are going to make any live bets during the basketball tournament then a sports betting app is the only way to go.
When Does 2020 March Madness Start?
- Selection Sunday —March 15, 2020
- First Four — Tuesday and Wednesday, March 17-18, 2020
- NCAA Tournament Round 1 — Thursday, March 19, and Friday, March 20, 2020
- NCAA Tournament Round 2 — Saturday, March 21, and Sunday, March 22, 2020
- Sweet 16 — Thursday, March 26, and Friday, March 27, 2020
- Elite 8 — Saturday, March 28, and Sunday, March 29, 2020
- Final Four — Saturday, April 4, 2020
- 2020 NCAA championship game — Monday, April 6, 2020
There are four preliminary March Madness games scheduled before the classic field of 64 teams is determined. On Tuesday, March 17th, the First Four will start it off. By Thursday, March 19th, there will be 64 teams left. The March Madness excitement will get rolling with 16 college basketball games scheduled that day and 16 more first round games on Friday, March 20th.
That first weekend of March Madness has always been one of the most exiting and heavily bet events of the year in Las Vegas. If you have never been to a sportsbook where you can watch all of the games at once and get live betting action on your phone at the same time, then this should be the year for you to finally do it. You don’t have to travel all the way to Las Vegas to get your action in anymore. There are several other states where it is now legal to bet on sports.
What States Have Legal Sports Betting?
Delaware, Mississippi, Nevada, New Jersey, New Mexico, Pennsylvania, Rhode Island, West Virginia, Indiana, Illinois, Michigan, Colorado and, Montana.
See a Legal Sports Betting Database for a legal sportsbook site in your state form XSportsbook.com * the experts in US legal sports betting.
The legal sports books accepting bets on March Madness are a mixed bag right now. Some only allow in person wagering while others allow you to bet from anywhere in the state with a sports betting app. XSportsbook database we endeavor to keep you informed on the sports betting rules in your state. There are new states adding legal sports wagering all the time and states that have legal sports betting are also changing their rules as they adjust to the market. Stay up do date as the sports betting market evolves, with XSportsbook.com sports betting database.
In order to bet online legally, you must register with one of the state’s licensed sports book sites or mobile apps. You must prove that you are of legal age to gamble (usually 21 or over), and you must place your bet from a device that’s physically located within the state where online sports betting is allowed. This might seem a bit of an inconvenience. However, if you want to bet from home on Saturday or you are at the office on Friday and still want to put down a little action during lunch then taking the time to open an online account before the action starts is well worth it.
What you need to know to bet on March Madness
Where are the games played?
This can be important if one team has a game that is close to its campus. The alumni and students will fill the arena and make it seem like a home game.
University of Dayton
Metro Atlantic Athletic Conference
Times Union Center
University of Idaho
Spokane Veterans Memorial Arena
St. Louis, MO
Missouri Valley Conference
University of South Florida
Atlantic Coast Conference
CenturyLink Center Omaha
Sacramento State University
Golden 1 Center
Mid-American Conference/Cleveland State
Quicken Loans Arena
Lucas Oil Stadium
Los Angeles, CA
University of Houston
New York, NY
St. John’s University/Big East Conference
Madison Square Garden
Georgia Institute of Technology
College Basketball Sports Betting Basics
Betting the spread in college basketball is almost a must for the first two days of the tournament. You will have number 1 vs number 16 seeds and the top seed almost will always win the game. However, it can become interesting if there is a 20 or 30 line given to the dog. This can even make some of those blowout games exiting. I have been in sportsbooks during March Madness even when a team is down by 30 points there is still a lot of cheering going on because the spread has the game going down the wire.
An example of a spread bet:
Duke -4.5 vs Gonzaga
Duke would have to win by 5 or more points for Duke backers to get paid and Gonzaga bettors would get paid even if Gonzaga lost by 4 points.
Betting the totals is similar to betting the spread. When betting totals/unders, players need to consider each team’s offensive and defensive statistics. One thing to consider when betting on the total of a game is that the public loves to bet the over. The sportsbooks know this, and they will sometimes shade the lines so the public will get worse odds on over bets.
An example of a totals bet:
Duke vs Gonzaga total 125.5
This is a bet on the combined total for both teams. It does not matter who scores how many points as long as the combined today exceeds 125.5 points. A Duke win of 100 to 26 pays on an over bet and sow would a Gonzaga win of 100 to 26.
Betting Money Line
This is the simplest and oldest bets available in sports betting. All you have to do is bet on who will win the game. Really simple when you have a number one seed that is a 30-point favorite. Right? Well, the sportsbooks make a little adjustment for that and offer you reduced odds on a win.
An example of a money line bet:
Duke (-200) vs Gonzaga (+150)
The money line bet would be on who would win the game. Since Duke is a favorite to win the odds (return) would be reduced. In this example a $100 bet on Duke would win $50 and of course you would also get your $100 back to make a total return of $150. A $100 bet on Gonzaga (the underdog) would win $150 and you would get your $100 bet back for a total return of $250. Finding a dog to bet on can really up fun and the bankroll if you are right.
The king of March Madness betting. There are hundreds of bracket contests to be found online. Some are just free to play contests and others are betting contests. Most of the money wagered on March Madness Brackets will be done illegally within office pools or at your local sports bar. For those who are going to make legal contest picks. Check our sports betting promotions page as we will be posting information on what contest legal US sportsbooks will be offering.