As the NCAA Tournament unfolds, many people look to enhance their experience by betting on the games. Finding the right betting sites for March Madness is essential for placing smart bets and enjoying a seamless experience.
There are a plethora of online sportsbooks available for those interested in betting on the NCAA Tournament. When choosing the best website for your March Madness bets, it’s crucial to consider factors such as bonuses, payout speed, and live betting options. Sites like DraftKings and BetMGM have gained popularity among bettors for offering competitive odds and a user-friendly interface.
Navigating the world of March Madness betting websites can be overwhelming, especially for those who are new to online sports betting. By doing thorough research and comparing the features of different sites, college basketball bettors can make informed decisions and enjoy the excitement of the NCAA Tournament to its fullest.
List of Best March Madness Betting Sites
| Name | Score | Play Now | Welcome Bonus | Payment Methods | Sports | Payout Speed | Disclaimer | |
|---|---|---|---|---|---|---|---|---|
 | 9.8 | Claim OfferBetMGM.com | Bet $5 Get $158 in Bonus Bets | Cash, Venmo, PayPal, Bank Transfer, Apple Pay, Play+ | 20+ | 3-8 Days | Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in the state you're wagering in. T&C Apply. | |
 | 9.2 | Claim Offerbet365.com | Bet $5 Get $150 | PayPal, Skrill, Paysafecard, PayNearMe, Visa, Mastercard | 20+ | Hours - 5 Days | Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply. | |
 | 9.6 | Claim OfferFanDuel.com | Bet $5 Get $200 In Bonus Bets If Your Bet Wins | Cash, Venmo, PayPal, Apple Pay, ACH Transfer, Visa, Mastercard | 18+ | Hours - 5 Days | Gambling Problem? Call 1-800-GAMBLER. Hope is here. Gamblinghelplinema.org or call (800)-327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or Text HOPENY (467369) (NY). | |
 | 9.4 | Claim OfferDraftKings.com | Bet $5 Get $150 in Bonus Bets Instantly! | Cash, Venmo, PayPal, Apple Pay, Play+, ACH Transfer, Visa, Mastercard | 25+ | Hours - 5 Days | Gambling problem? Call or TEXT 1-800-GAMBLER. Must be 21+ and present in CO. T&C Apply. | |
 | 8.6 | Claim OfferBetway.com | Up to $250 Back In Bonus Bets If Your First Bet Loses | PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard | 16+ | Up to 7 Days | Gambling Problem? Call 1-800-GAMBLER. Hope is here. Gamblinghelplinema.org or call (800)-327-5050 for 24/7 support (MA). Call 1-877-8HOPE-NY or Text HOPENY (467369) (NY). | |
 | 8.8 | Claim OfferCaesars.com | Get Your First Bet Back If It Loses - up to $1,000 | Cash, Venmo, PayPal, PayNearMe, Play+, ACH Transfer, Visa, Mastercard | Hours - 5 Days | Must be 21 or older to gamble. Know When To Stop Before You Start.® Gambling Problem? If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER (1-800-426-2537). |
Top 5 March Madness Betting Platforms Reviewed
These top 5 March Madness betting platforms have been carefully reviewed and cater to different bettors’ needs. With these options in hand, you’ll have all the information needed for an enjoyable and successful March Madness betting experience.
BetMGM - Huge Welcome Bonus
BetMGM’s coverage of NBA is top-notch! This operator appeals to bettors by offering a reliable sportsbook app and desktop version with competitive odds, numerous betting lines on NBA games and the option to place in-play bets. Although player stats are not offered, you can watch NBA games live through the streaming option.
Bonuses are another valuable characteristic of BetMGM, especially if you have an acquaintance who shares your passion for NBA. In that case, this sportsbook will reward you for successful recruitment with a $50 Refer a Friend Bonus.
We've also covered all you could want to find out about BetMGM's best bonuses right here.
- Legitimate sportsbook with long track record
- Generous welcome bonus
- Comprehensive sportsbook app
- A large number of NBA/NCAAB betting markets
- Customer service could be quicker
- High juice
Caesars Sportsbook - Same Game Parlays on NCAAB
Caesars ranks as one of the best US sportsbooks, and one foundation of that reputation is the exclusive coverage of the NBA. Registered bettors can place parlay bets by combining various NBA games with attractive betting lines.
Caesars covers special NBA events, such as the playoffs, with dedicated bonuses and competitive odds. Moreover, new users can wager on the regular season NBA matches by taking advantage of the sign-up offer of a 100% match on a first bet up to $1,250, functioning as a safety net for the initial wager.
You can also find out more about Caesar's promo codes before signing up.
- Frequent bonuses and odds boosts
- VIP club with multiple benefits
- Allows same-game parlays
- User-friendly site and app
- Slow withdrawals
- App lags at times
DraftKings - NBA Live Streaming on All Games
DraftKings is the place to be for NBA fans. The coverage is top-notch, with regular matches and compatible odds. Bettors can create Same Game Parlay bets or use the slick app for in-play betting. You can enjoy NBA live streaming, making it easier to follow the action in real-time.
The intuitive design makes using different prop bets, totals, or NBA futures appear seamless.
The boost granted by the New Customer match deposit bonus of up to $1,000 applies to NBA, and so do other available DraftKings promotions.
- Competitive NBA betting lines
- Dedicated odds boost for NBA
- Safe with SSL encryption software
- Low minimum withdrawal limits
- Slow withdrawals
- Higher juice
BetRivers - Best Early Odds
BetRivers offers extensive NBA coverage with early releases of odds and the option to stream certain games. If a wager on a highly anticipated NBA game is not made ahead of the first whistle of the referees, bettors can place an in-play bet via the slick app or the website version of this emerging sportsbook.
Players preferring to bet on NBA will receive a layer of protection through BetRiver’s welcome offer of a Second Chance Free Bet 100% match up to $500.
- Coverage of US and international NBA leagues
- Live betting on NBA games
- Dedicated sportsbook app
- Ongoing NBA odds boost
- Cluttered website layout
- Mandatory KYC check
FanDuel - Bonus Bets for New Players
FanDuel Sportsbook provides multiple features for a more exciting NBA wagering experience. Apart from the broad coverage of NBA games, bettors receive bonuses, boosted odds, and the option to make in-play bets, together with the standard catalog of conventional bet types.
The NBA odds offered at this online betting site mirror the betting lines of competing operators. FanDuel is a trustworthy sportsbook with a slick app and eye-catching $1,000 in Bonus Bets available for NBA games.
We've got all the info on FanDuel's bonuses too if you want to find out more before signing up.
- Excellent range of sports leagues
- Easy-to-use interface
- Reliable bet builder
- DFS bets available
- No VIP club
- Weak odds on same-game parlays
How We Rate March Madness Betting Sites
There's a lot that goes into choosing the best March Madness betting sites. We rate all of the college basketball betting sites on a series of criteria, that you can find out more about below.
By considering these factors when rating betting sites, we aim to provide a reliable assessment that will help you find the best March Madness betting experience available online.
Banking and Payout Speed
We examine March Madness betting sites to ensure they offer easy and swift money transactions. They should include popular payment methods like credit/debit cards, e-wallets, and cryptocurrencies. We also check how quickly bettors can withdraw their winnings.
Key Features
Next, we look at the sportsbook’s user interface, mobile compatibility, and website navigation. A top-rated March Madness sportsbook should have an easy-to-use platform both on desktops and mobile devices.
Security, Safety & Customer Support
We only recommend sportsbooks that operate legally within the United States. Having a license from the relevant body ensures they are safe and fair for bettors. Beyond this, we check for SSL encryption and great customer service. A top-notch March Madness betting site should offer a dedicated support team available 24/7 via phone, email, or live chat.
Customer Reviews & Feedback
The customers’ feedback and reviews play a significant role in our evaluation. We consider the overall satisfaction of the bettors with the sportsbook and identify any issues or complaints they might have regarding banking, odds, or promotions.
Range of Sports
For a betting site to be considered one of the best, it needs to offer a comprehensive range of sports and betting markets. We look at the variety of available sports, betting options, and the depth of coverage provided for each sport. We pay special attention to sites that prioritize NCAA Tournament betting during March Madness.
Bonuses and Promotions
A great welcome bonus can make a big difference to your experience. We examine the types of bonuses offered, such as sign-up bonuses, free bets, and cashback promotions, as well as the terms and conditions associated with them.
Odds
We evaluate the odds and March Madness betting lines provided by online sportsbooks to ensure they are competitive. Bettors should have access to the best odds and lines to maximize their potential earnings from March Madness betting.
Our Tips for March Madness Betting
The Bulldogs and Boilermakers will play in the Sweet 16 round of the NCAA tournament on Friday, March 29, at Little Caesars Arena. These two teams steamrolled their opponents in the previous two rounds of March Madness, triumphing in their games by 20+ points.
David StefanoskiMarch 28th, 2024
As the excitement for the Sweet Sixteen reaches its peak, you're primed to witness an intriguing battle of styles when Illinois takes on Iowa State.
Claudia HartleyMarch 28th, 2024
The main actors of tonight's March 20th game at UD Arena for one of the First Four games of the NCAA Tournament are the Grambling State Tigers and Montana State Bobcats.David StefanoskiMarch 25th, 2024
In the realm of March Madness, contrasting play styles often dictate the tempo of the game. When Yale squares off against Auburn on March 22 in Spokane, expect a strategic clash that could hinge on tempo control.Claudia HartleyMarch 21st, 2024.jpg)
As you look ahead to Thursday's college basketball showdown, prepare for an exciting clash when Hawaii hosts Cal State Northridge at SimpliFi Arena at Stan Sheriff Center, slated for a midnight start.Claudia HartleyMarch 6th, 2024
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What Is March Madness Betting?
March Madness is the competition between college basketball teams that kicks off in the latter half of March. Many betting sites allow you to place bets on the outcome of these NCAA games, giving them the title of March Madness betting sites. Below we'll break down the different ways that you can get involved in March Madness betting.
What Events Can You Bet on in March Madness?
There are all kinds of different bets that you can make on college basketball games. Some common types include which team will win a certain game, the margin of victory, and which team will win the tournament outright.
An interesting type of betting, that's specific to March Madness is bracket contests. Here you need to guess who will win the 64 games played in each bracket. The more you predict correctly, the more you'll win. March Madness bracket contests are available to join in with through the NCAA website and select online sportsbooks.
Let's take a look at how these different bets are split up into bet types.
Different Types of March Madness Bets Explained
Moneyline: A moneyline bet is the simplest form of wagering; you just need to pick the team you think will win the game. The odds will be displayed for each team, indicating the potential payout for a successful bet. For example, a +200 moneyline means you would win $200 for a $100 bet if the team wins.
Point Spreads: In a point spread bet, you are wagering on the margin of victory for a particular game. A team with a -8 spread would need to win by 9 points or more for the bet to payout. Conversely, a team with a +8 spread would need to lose by 7 points or less, or win outright, to cover the spread.
Totals: Also known as over/under bets, totals involve predicting whether the combined points scored by both teams will be higher or lower than a predetermined number set by the sportsbook. If you bet the “over” and the combined score is higher than the set total, you win.
Futures: As the name suggests, futures bets involve predicting long-term outcomes. For March Madness, a common futures bet is predicting the tournament champion before the event begins.
Props: Proposition bets, or props, focus on individual player or team outcomes unrelated to the final score. Examples include betting on the total points scored by a specific player, individual player statistics, and even specific game occurrences like a buzzer-beating shot or how many three-pointers a team will make in a game.
Parlays: A parlay is a single bet that links together several individual bets. In order to win a parlay, all of the selected bets must win. This results in a higher payout due to the increased risk.
Keep in mind that various betting websites offer different odds and betting options, so be sure to explore and find the best opportunities for your interests.
Why Use Online March Madness Betting Sites?
Betting on sports events like March Madness has been popular for many years, and with the growth of technology, online sportsbooks have made it even easier for fans to place their bets. There are several good reasons to consider using an online sportsbook for betting on events like the NCAA tournament.
Convenience: You can place bets from anywhere at any time, as long as you have access to the internet. This means you can keep up with the fast pace of March Madness games and make last-minute wagers without having to visit a physical betting shop.
Betting Options: There is a greater variety of March Madness betting options at online sports betting sites. You can bet on point spreads, moneylines, and over/unders, and some sites even offer unique bets like prop bets and futures.
Competitive Odds: Since there are many online betting sites competing for customers, they often offer better odds than their brick-and-mortar counterparts. By comparing odds from different betting sites, you can increase your chances of getting the best possible return on your bets.
Bonuses: Online sportsbooks often provide valuable bonuses and promotions, such as welcome bonuses, risk-free bets, and cashback offers. These promotions can provide more opportunities to win, and increase the overall value you get from your wagering activities.
Information: Many sites offer detailed game statistics, expert analysis, and real-time betting odds to help you stay ahead of the game and place well-informed bets.
By choosing to use an online sportsbook for your March Madness betting needs, you’ll be well-equipped to make the most of the action on the court.
Pros and Cons of Betting on March Madness
March Madness presents an exciting time for sports fans, with many opportunities for betting. Let's take a look at the pros and cons of betting on March Madness events.
- Betting options: 68 teams participate with the option to place moneyline, point spread, prop bets and futures on each.
- Entertainment: This event is known for its thrills and spills, with fans never knowing for sure which way a game will turn out.
- Profit: For bettors who follow college basketball closely, there's the potential to make great profits on well informed bets.
- Upsets: March Madness is unpredictable, so upsets occur pretty often. Betting on the favorite won't always yield results.
- Time: There are a huge number of games to bet on which can take up a lot of time.
- Problem Gambling: Betting on anything has its risks, exercise caution and take a responsible approach to gambling.
Are March Madness Betting Sites Licensed & Regulated in the US?
March Madness betting sites in the US fall under state-level licensing and regulation. States have varying rules, with some fully embracing sports betting, allowing a choice of reputable sites like DraftKings and FanDuel.
State-specific regulations, like New York's restrictions on local teams, emphasize the need for bettors to understand and adhere to the rules that apply in their state.
So, are March Madness Betting Sites Legal in the US?
Legal sports betting in the US underwent significant changes after the 2018 Supreme Court decision overturning the PASPA federal law. Over 30 states now allow or have launched sports betting operations, but rules differ.
March Madness betting is legal in states permitting sports betting, with various legal and regulated sites available. Bettors must stay informed about state regulations, choose licensed sportsbooks, and bet responsibly for an enjoyable NCAA tournament experience.
Tip: We only recommend legal sportsbooks, but it's still important to check the license applies in your state.
Is It Safe to Bet on March Madness at an Online Betting Site?
Yes! As long as you're using a licensed sportsbook then it's safe to place bets on college basketball, including the March Madness tournament. Look for sites that use SSL encryption and trusted payment providers to further enhance your safety.
The biggest risk to betting on March Madness is that your bet won't come in, so remember to only bet with funds that you can afford to lose.
List of States Where March Madness Betting Is Legal
Online betting on March Madness is available in various states in the US, wherever online sports betting is legal. However, there are some different rules that apply depending on your state.
It's important to check if wagering on college sports is legal in your state. If so, there are sometimes restrictions on placing prop bets on individual players. Beyond this, you shouldn't run into any trouble.
If you live in any of the following states then you will be able to place March Madness bets: Arizona, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New Hampshire, New Jersey, Ohio, Oregon, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia, and Wyoming.
- s a sports fan, I’ve been following the developments closely and have discovered some of the best online sportsbooks available for NY residents.
Interested in finding out more about Iowa's sports betting scene? After the legalization of sports betting in May 2019, a range of sportsbooks both online and retail have become available to Iowa bettors.- In June 2019, Governor J.B. Pritzker signed the Sports Wagering Act into law, allowing residents and visitors to place bets on a wide range of professional and collegiate sports events. Since March 2020, sports enthusiasts have been able to participate in this exciting new form of entertainment, which has gained massive popularity in recent years.
Top March Madness Teams to Bet On
When betting on March Madness, it’s crucial to have a solid understanding of the top college teams and their potential performance in the tournament. Here’s a brief look at some noteworthy teams to consider when placing your bets.
Tournament Overall Wins Track Record
It's impossible to overlook UCLA when considering the NCAAB teams with the best record for winning the March Madness event. This team have won 11 times outright, beating their next closest opponent Kentucky by 3 tournament wins.
Tournament Games Wins Track Record
Interestingly though, it's Kentucky with the most game wins. As of 2023, their team has 132 wins in their history of competing. While some may argue it's all about the overall champions, you can't get to the finals without winning.
Women's March Madness Track Record
It's not only the men that you can bet on, the Women's March Madness tournament is electrifying to wager on too. There are two stand-out teams in terms of overall wins, The University of Connecticut Huskies and the Tennessee Volunteers have 132 and 131 wins respectively going into 2024. There's not a whole lot between these two, so your money should be safe.
When placing wagers on March Madness, remember to consider the best betting websites to use for the event. With this knowledge on top teams, you’ll be better prepared to make informed bets during the 2024 NCAA Tournament.
Best Land-Based March Madness Sportsbooks
When it comes to March Madness betting, finding the right sportsbook can make all the difference. Watching in a retail sportsbook location with crowds of other fans can make this experience even more memorable. In this section, we’ll compare some of the best land-based sportsbooks.
Sportsbook | Location | ✅Pros | ❌Cons |
|---|---|---|---|
Caesars Palace | Las Vegas, NV | Extensive betting options, luxury setting | Crowded during March Madness |
MGM Grand | Las Vegas, NV | Large sportsbook, convenient mobile app | Limited seating during peak season |
Borgata | Atlantic City, NJ | East Coast presence, exclusive VIP lounges | Smaller betting menu |
Wynn | Las Vegas, NV | High-quality screens, sophisticated atmosphere | Higher minimum bet limits |
Westgate SuperBook | Las Vegas, NV | World’s largest sportsbook, competitive odds | Limited seating availability |
DraftKings Sportsbook | Various locations | Expansive betting options, user-friendly interface | Not available in all states |
Best New March Madness Sportsbooks
When looking for the best March Madness betting sites, it’s essential to compare their features to make the most informed decision. In this section, we’ve compiled data on some of the best new sportsbooks available.
Sportsbook | Welcome Offer | User Experience | Odds |
|---|---|---|---|
DraftKings | 20% match up to $1,000 | Mobile app and website, live betting | Competitive |
FanDuel | Risk-free bet up to $1,000 | Mobile app and website, live betting | Competitive |
Caesars | First bet match up to $1,100 | Mobile app and website, live betting | Competitive |
Fanatics | Place a $100 bet, get a $100 bonus bet, every day for 10 days | Mobile app only, live betting | Competitive |
All of these new sports betting sites provide an excellent user experience, as well as a sizeable welcome bonus. Fanatics Sportsbook is by far the newest, having only launched last year. If you'd like to find out if Fanatics Sportsbook has launched in your state then follow our Fanatics link to sign up early and snag the best bonus.
March Madness Bonuses Reviewed & Compared
During March Madness, numerous sports betting sites offer exciting college basketball bonuses and promotions. Let’s take a closer look at some of the leading platforms and their offers.
DraftKings is known for its user-friendly interface and seamless transition of funds from daily fantasy sports to sportsbook. They often come up with innovative and attractive March Madness promotions. For example, bettors can find a sign-up bonus where they can Bet $5, Get $150.
BetRivers is another platform that has made its mark in the world of sports betting. Their March Madness promo includes a bonus bet up to $500. Claiming the bonus is easy by using the code SPORTS during registration.
FanDuel has a brilliant bet $5 get $150 offer on which can be used on college basketball games. Using these bonus bets you can make riskier wagers and potentially see larger rewards.
BetMGM is rewarding all new customers with up to $200 in bonus bets when they deposit and wager $10. Use these bonus bets carefully and they might see you all the way through the March Madness tournament.
More March Madness Bonuses
Below are some of the most recent bonus bets that can be used on college basketball games.
- DraftKings is an online betting site that is available in 22 states in the US. Players can place bets on content from the site’s sportsbook, casino, and fantasy sports pages. There are various DraftKings bonuses and promotions offered to their customers.
Stephen AbiolaMarch 5th, 2024
Are There Free March Madness Betting Sites in the US?
Yes, there are free event betting sites in the US, particularly for major sporting events like March Madness. Many of these sites offer various promotions, including free bets which allow you to wager on college basketball games with free money.
Free March Madness Bracket Contests
Many betting sites offer free bracket contests, where you can get involved for free, but still have the chance to win huge prizes. BetMGM had a prize pool of $10 million for its free-to-play bracket challenge last year! DraftKings regularly holds a free bracket contest, which is set to return in 2024. The prize pool for this contest usually sits at around $50,000.
Bet365 also holds a contest surrounding the March Madness bracket pools, which has a cool $10 million up for grabs. Remember to check whether a sportsbook is legal in your state before entering any contests.
What Are the Odds Like for Online March Madness Betting?
March Madness odds are quite unique, in that there are often big upsets in college-level sports. This means that if you really know your teams well, then you can find even better value in a competition such as March Madness.
Sportsbooks odds tend to mostly remain in line with one another, particularly in the case of the sportsbooks that we have already recommended. If you're looking for more information on how odds work then you can check out our quick explainer below.
How Do March Madness Odds Work?
Think of odds as a way to predict who's likely to win March Madness. The larger the odds, the lower the probability of a team winning, the smaller the odds, the greater the chance. They also tell you how much you might win if you bet right.
Remember, March Madness futures odds tend to be much longer, giving you the potential to win more from the same stake.
Two Types of Odds:
American Odds: They use "+" for the underdog and "-" for the favorite. If it's -130, you bet $130 to win $100. If it's +130, a $100 bet gets you $130 if the underdog wins.
Point Spreads: This levels things out. If a team is -5, they need to win by more than 5 for you to win. If it's +5, you win if the underdog wins or loses by less than 5.
That's the basics of March Madness odds - predicting, betting, and keeping it straightforward. Below you'll see an example of the odds and point spread for a favorite and underdog.
Team | Point Spread | Moneyline |
|---|---|---|
Team A (Favorite) | -5 | -130 |
Team B (Underdog) | +5 | +130 |
By knowing how these numbers express the likelihood of different outcomes, you can make informed choices and increase your chances of success in betting on NCAA tournament games.
How to Sign Up to a March Madness Betting Site
Signing up for a March Madness betting site involves just a few simple steps. Below we'll show you an example of how to get started betting on March Madness.
Choose a March Madness Betting Site
Select a site from our list of the best March Madness betting sites and click the link to it to head straight to the platform.
Click the Join Button
Once you're there, click the join, or sign up button to begin the process. A pop up window will open asking you for your email address and your desired login details.
Complete the Sign Up Process
Next you'll need to enter your residential information, as well as your date of birth. Once you've completed all of your personal details and confirmed your email address, you'll be ready to start betting.
How to Deposit at March Madness Betting Sites
Depositing money at March Madness betting sites is a simple and straightforward process. Below is a step-by-step guide to help you.
Log In to Your Betting Account
Firstly you'll need to navigate to your favorite sports betting website and log in to your account.
Head to the Cashier
Once you're there, head to the cashier section and click deposit. You'll be presented with a list of payment methods, choose the one that you'd like to use.
Enter Your Deposit Amount
Choose the amount that you'd like to deposit, remembering that if you want to claim a deposit there might be a minimum qualifying amount.
Confirm Your Deposit
Once you're happy with your payment method and deposit amount, click confirm. You should see the funds reflected in your account instantly.
Common Payment Methods
Payment Method | Description |
|---|---|
Credit/Debit Cards | Quickly deposit using your Visa, Mastercard, or other major cards. |
Bank Transfers | Transfer money directly from your bank account. |
E-Wallets | Deposit using popular e-wallets like PayPal, Neteller, or Skrill. |
Cryptocurrency | Use Bitcoin or other cryptocurrencies for added privacy and security. |
When selecting your payment method, consider factors such as transaction fees, processing times, and deposit limits. Typically, credit/debit card and e-wallet deposits are instant and have low fees. Bank transfers may take a few days to process, and cryptocurrencies can vary based on network congestion.
How to Withdraw Winnings from March Madness Betting Sites
The withdrawal process may be slightly different from site to site, but the general steps are similar. Here’s a guide on how to withdraw winnings from event betting sites.
Log In to Your Betting Account
Head to your favorite March Madness website and log in to your account.
Head to the Cashier
Navigate to the cashier and click the withdraw button. You'll then be asked which payment provider you'd like to use.
Choose Your Payment Provider
Choose the payment provider that you'd like to use. Some have different withdrawal times to others, we've included a rough guide to these below.
Enter Your Payment Amount
Enter the amount you'd like to withdraw, remembering that some platforms have a minimum withdrawal limit - usually $10 to $20.
Confirm Your Withdrawal
Check your withdrawal information is correct then confirm it and wait for your funds to arrive in your account.
Withdrawal Method | Processing Time | Fees |
|---|---|---|
E-wallets | 1-2 days | Low |
Bank Transfers | 3-5 days | Med |
Check Withdrawal | 5-7 days | High |
Remember that withdrawing winnings may take longer during peak betting events, like March Madness, due to increased demand and betting site traffic.
March Madness Deposit & Payout Times
When betting on March Madness, it’s essential to keep in mind the deposit and payout times for various betting websites. Most platforms offer a variety of deposit methods, such as credit cards, debit cards, bank transfers, and cryptocurrencies.
Payout times will vary depending on the method chosen. Cryptocurrency payments generally have the fastest payout times, between 24-48 hours, while traditional payment methods might take longer.
Typically, bank transfers can take up to 15 days, while Money Orders have a turnaround time of up to 7 days.
Method | Payout Time |
|---|---|
Crypto | 24-48 hours |
Money Order | Up to 7 days |
Bank Wire | Up to 15 days |
Do You Need to Pay Tax on March Madness Betting Winnings (or Losses) in the US?
Yes, in the United States, you are required to pay taxes on your gambling winnings, including winnings from event betting such as March Madness. All gambling winnings, whether from an online sportsbook or a casino, must be reported on your tax return as “other income” on Schedule 1 (Form 1040).
You can also deduct your gambling losses if you itemize your deductions. This means that if you had a net loss from betting, you may be able to offset this against your winnings, reducing your overall tax liability. Keep in mind, though, that you can never deduct more than the amount of your winnings.
It’s important to maintain proper documentation of your gambling activities, such as receipts, tickets, and statements, as the IRS may request proof of your losses during an audit.
Best March Madness Online Betting Strategies
When it comes to March Madness betting, having a solid strategy is crucial for success. In this section, we’ll discuss a few key betting strategies that can improve your chances of winning.
Bankroll management: This involves setting a budget for your betting activities and sticking to it. Divide your budget into smaller units and place bets according to your confidence level. This way, you can mitigate the risk of losing your entire bankroll on a single bet.
Research: Study team performance, player stats, and historical data to make informed decisions. Look into factors like team rankings, injuries, and recent form. Additionally, try to identify possible upsets, as underdog bets can lead to higher returns.
Live Betting: Betting during live games allows you to assess team performance and make adjustments to your bets as the game unfolds.
Diversify: Incorporate multiple betting types to diversify your bets and increase potential returns. You could explore March Madness prop bets and parlays for higher risk but potentially bigger payouts.
Compare Odds: Look across several reputable sportsbooks to find the best value. Shopping around for the best odds ensures you get the maximum return on your bets.
Watch Lines: Keep an eye on how the odds and lines change in the lead-up to the games. Understanding these movements can help you identify betting opportunities and make more informed decisions.
Choose Sites Wisely: Select your betting platform carefully, focusing on factors like reliability, payout speed, and reputation. Some of the best March Madness betting sites offer attractive bonus promotions and a diverse range of betting options.
Remember that there is no foolproof strategy, and betting always comes with risks. The key is to stay disciplined, informed, and adaptable when applying these betting strategies during March Madness.
Other Ways to Bet on March Madness
March Madness Betting Apps (Mobile Betting)
For a more convenient college basketball betting experience, bettors can turn to Sports Betting Apps that offer an excellent way to place bets on a March Madness game while on the go. These college basketball betting apps are designed to be user-friendly, allowing for easy navigation and quick access to March Madness betting markets.
Some popular features include live updates, odds comparison, and expert analysis. Most reputable sportsbooks offer dedicated apps for Android and iOS devices, ensuring compatibility for a wide range of users.
Sports Betting Shops
For those who prefer to place bets in person, Sports Betting Shops are another option to consider. These brick-and-mortar locations provide a social experience, where bettors can gather with friends and other fans to discuss the college basketball game and odds.
Many betting shops, especially those located in popular areas, will have large screens to watch a March Madness game. This makes it a more convivial and exciting experience.
Here are some key features of sports betting shops:
On-site staff to assist with bets
Betting kiosks for quick placements
Options for halftime or in-game betting
Fantasy Sports
In addition to traditional sports wagering, Fantasy Sports offers an alternative way to engage with March Madness games. In this format, participants create their own teams by selecting players from the tournament, competing with other fantasy teams based on player performances.
Winning in fantasy sports depends on the individual performance of the selected players, rather than the outcome of the actual games. Many platforms host March Madness fantasy leagues, and fantasy sports can also be played among friends as a casual competition.
Fantasy Sports Features | Description |
|---|---|
Player Selection (Draft) | Participants choose their team’s players |
Scoring System | Points are awarded based on individual player performance |
League Competitions | Compete against other fantasy teams within a league |
With these alternative ways to bet on March Madness events, fans can find the betting format that best suits their preferences and enjoy the exciting atmosphere surrounding the games.
Interesting Facts About March Madness Betting
March Madness is one of the main events in the sports betting industry, attracting millions of wagers from fans across the United States.
The American Gaming Association estimated that approximately 68 million Americans would bet a total of $15.5 billion on the games this year. With such a massive volume of betting, it’s important for bettors to learn about available odds and sportsbooks to make informed decisions.
The March Madness tournament started in 1939 and has only had the final competition interrupted once. This was during 2020 and the COVID-19 pandemic.
John Wooden holds the record for the most championships as a coach with 10, while Duke's Coach K follows as the second-highest with 5.
BYU boasts the most tournament appearances (30) without advancing to the Final Four.
How to Gamble Responsibly on March Madness
During March Madness it can be easy to get carried away. To avoid this and to keep a healthy relationship with betting, consider the following pointers.
Set limits for both time and money - once you've reached your limit, it's time to stop.
Avoid chasing losses - betting beyond your means is never a good idea.
Use tools and resources to gamble responsibly - legal betting sites all have a selection of tools to help you gamble responsibly.
Research betting markets and options - become knowledgeable about whatever sport you are betting on.
Keep things fun and enjoyable - if betting becomes tiring or too emotional then take a break.
