Just like the professional league, college basketball is one of the most popular sports across the United States.
And with the legalization of online wagering in a handful of states with many more to follow, college basketball betting is fast becoming popular in the USA.
With such enthralling competition, college basketball betting can only make things more exciting, right?
College Basketball Tournament Betting
There are various college basketball games that you’d like to bet on especially because of their track record. They include:
To bet on March Madness basically covers the entire playoffs of the college basketball.
From the word go, the games are typically pretty competitive and the college basketball odds here will be worth your while if your team wins.
You can choose to bet on the Sweet 16 of these teams participating. The competition at this stage is quite stiff.
The elite 8 teams are the top 8 teams that scuffle for the NCAA Basketball championship.
Elite 8 games are good to bet on as the college basketball betting lines here tend to be rather lucrative.
It’s a big deal to bet on the Final 4 and have all your picks win!
You are assured of great entertainment plus really good odds that could see you win big, particularly since any team here could be a winner.
NCAA Championship Finals
The last stage of the tournament, March Madness Championship betting is usually where the highest-profile wagers come in.
States with college basketball betting
Initially, college basketball betting wasn’t legal in the United States. From back in 1992 to 2018, only four states had been granted an exception to this rule. These states included Oregon, Montana, Delaware and Nevada.
This rule did however not go too well with the people of New Jersey who contested it in the Supreme Court.
This legal war on betting subsequently led to one of the most significant changes for the gambling scene across the United States. In case you are curious, the following states have legal betting in some capacity.
States with regulated sportsbooks:
- Washington DC
- New Hampshire
- New Jersey
- Rhode Island
- West Virginia
Any Other Prospective States
The regulations regarding sports wagering are constantly in flux. We will update our list about college basketball betting as new developments occur.
Where can I Bet on college basketball?
From the look of things, college basketball betting will continue to grow especially after new online sportsbooks launch their services across different states.
Currently, several top-notch sportsbooks offer you NCAA basketball betting with good college basketball betting odds across multiple states. These exceptional platforms in question include:
NCAA Basketball Betting Lines
College basketball odds are a big part of NCAA basketball betting. That is why it is paramount that you learn how to read odds. The odds we are talking about represent the probability of a particular event occurring which, in this case, should be the probability of the event you have placed a bet on happening.
In the United States, most sports odds are calculated using a system known as the American odds. The American odds are usually positive or negative. Positive American odds reflect the amount of profit you are to earn should you bet a particular amount. For Instance, an odd of +140 should the Duke’s men’s basketball team win means that you will earn a profit of $140 if you had bet on an amount of, let’s say, $100.
A negative American odd reflects the amount of money you’d have to bet to win $100. For instance, if you do decide to bet on Duke Men’s Basketball team and they have a negative American odd of -200, you’d have to bet $200 to earn $100.
To know the essence of the odds and how the bookmarkers rate your team’s chances of winning, you need to be able to calculate implied probability. Implied probability is calculated in two ways depending on whether your American odd is positive or negative:
- Implied probability = 100 divided by (positive odds+100)
- Implied probability = negative odds divided by (negative odds-100)
The figure you get will represent the probability of your team winning. If you get a decimal figure, multiply it by 100 to convert the figure into percentage form. Consequently, many people do go for those teams with a higher probability of winning. However, underdogs often earn people a lot of money, perhaps more than the so-called favorites. It is up to you to trust your instinct when it comes to choosing NCAA Basketball Betting lines.
Choose A Top Online Sportsbook
At the start of the season, there is a variety of sportsbooks out there who will contend for your attention. So, how do you choose the best sportsbook for college basketball betting? We’ve got the most effective tips just for you right here:
- Look at the betting lines: A good sportsbook should have easy to read college basketball odds that enable you to make a swift decision on what to bet on. Have the moneyline bet explained to you.
- Mobile app: Go for a sportsbook that has a basketball betting app which is compatible with Android and iOS devices. The interface of the sportsbook should also be simple and easy to use.
- Welcome offers: What better way to enjoy your college basketball betting than with a good welcome offer? Always look for sportsbook bonuses before signing up. It often says a lot about how much the house will value you.