As the saying goes: “everyone has a bet on a March Madness Bracket,” which isn’t too far from the truth, as the NCAA Men’s Division I Basketball Tournament is one of the most highly-anticipated events of the US sporting calendar. Although a college sports tournament, March Madness competes for the spotlight with US pro sports when it comes to following, fan attention, and betting.
The event features 68 of the nation’s best college basketball programs facing off against each other in 67 thrilling games for fans and bettors. Read our full guide to the best March Madness betting sites. Our college basketball and sports betting experts joined forces to tell you everything you need to know about the tournament and betting. We’ll also cover whether your state permits March Madness sport gambling and a few of the most popular bet types with US players.
Best Sportsbooks for March Madness Sport Gambling
Most online sportsbooks will offer markets on the NCAA Men’s Basketball Tournament, as the tourney is one of the most anticipated betting events in the US. Our experts have put together the best March Madness betting sites available in many US states for wagering on the Big Dance.
1. DraftKings Sportsbook
One of the most well-known platforms in the US, thanks to its Daily Fantasy Sports (DFS) product, DraftKings has been a hit with bettors thanks to its intuitive platform with plenty of March Madness sport gambling markets.
2. FanDuel Sportsbook
FanDuel Sportsbook offers straightforward and easy-to-use betting options with plenty of markets perfect for March Madness sport gambling, like same-game parlays and in-play betting. Many will be familiar with FanDuel thanks to its DFS product, and you can fund bets on the FanDuel-powered sportsbook using winnings from your DFS contests and pari-mutuel racing site TVG.
3. BetMGM Sportsbook
BetMGM Sportsbook is a go-to March Madness betting site thanks to its widespread availability and range of competitive markets and lines throughout the tournament. MGM Resorts International, the owner of the world-famous MGM Grand in Las Vegas, operates the sportsbook. You can earn MGM Rewards while placing wagers which you can exchange for meals and hotel stays at MGM Resorts locations.
4. Caesars Sportsbook
Operated by Caesars Entertainment, owner of the iconic Caesars Palace, Caesars Sportsbook is available in 20 states. Its easy-to-use platform features more than enough March Madness sport gambling markets to satisfy the biggest college hoops fans. Betting with Caesars Sportsbook also allows you to earn Caesars Rewards points, which you can redeem for real-life prizes.
5. BetRivers Sportsbooks
BetRivers’ betting platform is available in 14 states that offers a responsive and easy-to-use app and a good range of March Madness sport gambling markets. With iRush Rewards, you can earn points while betting on March Madness, which you can exchange for prizes and promotions.
6. PointsBet Sportsbook
Australian sportsbook PointsBet was a relative newcomer on the market when it arrived in the US in 2019 but has gained a great reputation since its launch. The betting site supplies highly competitive odds and the innovative Points Betting feature, where you can potentially win more (or lose more) depending on how correct (or incorrect) you are on totals betting. PointsBet offers a great selection of unique markets on college basketball and is perfect for March Madness sport gambling.
7. WynnBET Sportsbook
Operated by the developer and owner of high-end hotels and casinos, Wynn Resorts, WynnBET is available in multiple US states and is an excellent destination for March Madness sport gambling bettors. With a great selection of markets on all 67 games in the tournament, WynnBET should have plenty to satisfy bettors on the Big Dance.
8. Barstool Sportsbook
Sports digital media company Barstool opened its sportsbook in September 2020 through a partnership with the minority owner of the brand, Penn Entertainment Inc. Barstool is available in 13 states and offers various betting markets on college basketball matchups throughout the NCAA Tournament.
9. bet365 Sportsbook
With a long history of serving bettors in the UK, bet365 is one of the most experienced sportsbooks in the industry, owned by the Coates Family and founded in 2000. The sportsbook is available to bettors in Colorado, New Jersey, Ohio, and Virginia. You’ll find an excellent selection of markets on March Madness games, and you can place wagers on moneylines, points spread, totals, and futures.
10. Betway Sportsbook
Maltese sportsbook Betway was founded in 2006 and is licensed in 9 US states. Using its experience serving European bettors, Betway offers odds on each NCAA tournament game in a range of popular markets like moneylines, totals, and player props where available.
College Sports Betting in the US
Whether you can bet on March Madness and the types of bets you can place varies from state to state. Some jurisdictions allow every kind of bet on all collegiate programs, some restrict wagering on in-state schools, and some prohibit collegiate bets altogether. Read below for an overview of where you can bet on sports and what restrictions exist for March Madness sport gambling.
Where is Sports Betting Legal in the US?
Since the US Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA), allowing states to pass sports betting legislation, many US states have legalized sports betting in one form or another.
The majority of legal betting states permit in-person and online sports betting. Others have entered expanded gaming compacts with tribal authorities, like North Carolina, while others have legalized retail sports betting but not online or the other way around.
See below for a list of the legal US betting states, the legal betting age, launch dates, and whether you can bet in-person, online, or both.
|State||Legal betting age||Launch date||Retail||Online|
|New Hampshire||18||December 2019||Y||Y|
|New Jersey||21||August 2018||Y||Y|
|New Mexico||21||October 2018||Y||N|
|New York||21||January 2022||Y||Y|
|North Carolina||21||July 2019||Y||N|
|Rhode Island||18||September 2019||Y||Y|
|South Dakota||21||March 2021||Y||N|
|Washington, D.C||18||June 2020||Y||Y|
|West Virginia||21||August 2019||Y||Y|
States with No College Betting Regulations
While some states heavily restrict collegiate sports betting, many states allow you to place bets on March Madness with no restrictions. Check out our complete list of states with no college betting restrictions and whether you can bet in-person, online, or both below.
States with Restricted College Sports Betting
Betting rules on collegiate sports have many noticeable differences across US states, with some jurisdictions prohibiting college bets altogether, betting on in-state teams, and particular types of bets like prop bets. Below is a table of states where restrictions on college basketball betting apply.
|Arizona||Prop bets on college games prohibited|
|Colorado||Prop bets on college games prohibited|
|Connecticut||Betting on in-state teams prohibited|
|Illinois||Betting on in-state teams prohibited|
|Indiana||Only pre-game prop betting permitted|
|Iowa||Prop bets on individual college athletes prohibited|
|New Hampshire||Prop bets on in-state teams prohibited|
|New Jersey||Betting on in-state college teams and games prohibited|
|New York||College prop bets and bets on in-state college teams prohibited|
|Oregon||Wagering on college sports only available in-person|
|Pennsylvania||Prop bets on college games prohibited|
|Rhode Island||Betting on in-state college teams and games prohibited|
|Tennessee||Prop bets on college games prohibited|
|Virginia||College prop bets and bets on in-state college teams prohibited|
|Washington D.C||Betting on college games in-state prohibited|
Outside these restrictions, legal sportsbooks will have house rules covering internal regulations concerning the settlement and placement of bets. Below are a few examples of house rules that might affect March Madness betting.
- March Madness betting sites will void and refund futures bets if the tournament is canceled.
- Any bets you place pregame will become active when a game tips off. If there is a slight delay, your bet will still activate when the event starts. However, if a game is postponed or canceled, your bet will be void, and you’ll get your stake back. Other external game changes, like venue change, will not impact wagers.
- All wagers are settled based on the outcome of official data and statistics. Sportsbooks will not entertain disputes based on the outcome of individual officiating calls.
How March Madness Works
With hundreds of NCAA Division I men’s basketball programs competing for the 68 available places throughout the college basketball season, March Madness is the culmination of a year’s work for college basketball players nationwide. To newcomers, March Madness can be overwhelming, so below, we’ve provided a guide to some of the basics of the tournament, including the selection process, how the bracket is decided, and how 68 teams become one national champion.
The Selection Process
College basketball fans often have one event circled on their calendars at the beginning of the NCAAB season, Selection Sunday, when the NCAA’s Basketball Committee, or selection committee, sets the NCAA Men’s Division I Basketball Tournament bracket. Selection Sunday kicks off March Madness, the bonanza of college basketball that ends with the crowning of the national college basketball champion.
March Madness brings together 68 teams nationwide for a single-elimination tournament in four regions. There are two ways to earn a berth in this jamboree of college hoops.
Each of the 32 NCAA Division I conferences receives an “automatic bid,” given to the winner of its conference tournament, regardless of the school’s regular season record. These schools are collectively known as the “automatic qualifiers.”
The second method to receive an invite is through an “at-large bid,” which the selection committee allocates. The committee, comprised of school and conference administrators from across college basketball, selected for a five-year term, choose the final 36 teams based on overall record, the strength of schedule, and other metrics and stats. The 32 automatic qualifiers and 36 at-large berths comprise the entirety of the 68-team tournament.
Once the selection committee has decided on the field, it ranks the 68 teams from 1 to 68 based on its assessment of the team’s quality. The team with the best regular season and conference tournament performance will be ranked No. 1, the second-best No. 2, and so on.
The teams are divided into four regional brackets, with those ranked 1-4 occupying the No. 1 seed in each regional bracket. Then, the four overall lowest-ranked teams and the four lowest-ranked at-large teams meet in a play-in round called the First Four. The winners of these games join the main March Madness bracket, and the 64-team field is set.
Each region’s teams are seeded 1-16 by the 10-man selection committee. The first-round matchups pit the top team in a region against the lowest team to reward teams with a better ranking. The next highest goes against the next lowest, and so on. In theory, the higher your ranking, the easier your path to the championship.
After the first and second rounds, the nation’s sixteen best teams meet in regional semi-finals, dubbed the “Sweet Sixteen.” The winners will play in the Regional Finals, known as the “Elite Eight.” Finally, the four winners of the regional tournaments will meet for the “Final Four,” the NCAA Men’s Basketball Tournament semi-finals and finals. The winner of the tournament final is crowned the College Basketball national champion.
March Madness Bet Types
Placing your first bet on March Madness can be daunting. So, to help you get started, read our guide to some common bet types available at most March Madness betting sites below.
A moneyline is a simple market that involves bettors predicting who will win a matchup. Moneyline bets are simple and easy to place. If you select an underdog, moneyline bets can offer some excellent payouts, especially if a Cinderella team wins and you correctly predict it.
A point-spread bet requires the favorite to overcome an imaginary points deficit, called a handicap, to ‘cover the spread.’ When you bet on the points-spread favorite, you need them to win by more than the handicap to win the bet. Alternatively, when you bet on the underdog, your wager will payout if the team loses within its handicap or wins.
Another popular wager with basketball bettors are totals bets, where your sportsbook will set a total for a particular statistic. To win the bet, you must correctly predict whether the total will be over or under the total set. Total points, rebounds, and assists for individuals and the team are usually available for wagering on most US sportsbooks for March Madness.
Proposition bets, often called props, are not made on the game’s score but on an individual player or event. For example, will a player be ejected, will a player score a slam dunk in the second quarter, or will a team foul out in the first half? Player props on college games are restricted in some states, so check the sports betting law to see if props are permitted.
A future bet is a wager on a significant event in the future. When betting on March Madness, top US sportsbooks will offer future bets on the winners of each regional tournament and teams to make the Sweet Sixteen, Elite Eight, and Final Four. The earlier you place your bets, the better odds you’ll receive.