March Madness Parlay

The March Madness parlay is often a huge draw for bettors during the annual NCAA Men’s Basketball Tournament. It is a combination of a bunch of smaller individual bets that are wrapped up and packaged into one, much larger bet.

This article will explain parlay betting as well as break down how to make the perfect March Madness parlay. But first, check out our top choices.

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March Madness Parlay Picks

We’ve reached the Final Four phase, with only 4 teams remaining in the battle for the National Championship this year. The games are scheduled for April 6th. Our experts have reviewed all the matchups and recommended a parlay including all the games.*

GameTeam to BetType of betOdds
Purdue vs. NC State/Over 146.5-110
UConn vs. AlabamaUConnSpread -11.5-110
Odds are provided by FanDuel and are subject to change

*Sports betting carries risks, and our opinions are based on analysis, not guarantees. Please bet responsibly and within your means.

And if want to know more about how we got these tips, don’t miss our March Madness predictions, or learn some new tips and strategies.

What is a March Madness Parlay?

A parlay bet, alternatively referred to as an accumulator or combo bet, combines two or more individual wagers into a single bet for the potential of a higher payout. For a parlay to succeed, all selections must win. If any one of the bets in the parlay loses, the entire bet is lost.

It is not usually something that is recommended for someone breaking into the sports betting world, because it can be incredibly difficult to win.

There are certain ways to manipulate the parlay bets in your favor, but we are going to stick to a straight parlay bet for the purpose of this article. 

March Madness Parlay Betslip - Sweet 16 games - FanDuel Sportsbook Screenshot

Advantage: Huge Payouts

One of the biggest advantages of making a March Madness parlay bet is the chance for a huge payout if you win the bet. March Madness odds are stacked on top of one another when it comes to parlay betting, and the payout can be large, even if it is just a two-team parlay. 

The reward of a parlay bet is what makes it attractive to most sports bettors, but that doesn’t mean that it is an easy bet to win. Winning one parlay bet could make up for a bunch of other losses if you are able to put together a great parlay. 

Disadvantage: One Upset, You’re Out

The biggest disadvantage of parlay betting is that one loss and your entire bet is ruined. March Madness is full of upsets – no sports bettor is safe. It’s very hard to make accurate March Madness predictions.

You might think that you have put together the perfect parlay bet, but there is always a chance that an upset will ruin it all. Betting on the NCAA Tournament is not for the faint of heart, and that can throw a huge wrinkle in your plans for success by putting together the perfect parlay bet. 

Tips For a Perfect March Madness Parlay

There is definitely plenty of luck involved in parlay betting, and there is plenty of luck involved when it comes to betting on the NCAA Tournament. Take a look at some of the tips below in hopes of putting together the perfect March Madness parlay to achieve success during the NCAA Tournament. 

Bet the Moneyline

Several different types of bets can be included in a parlay bet, but we recommend betting on the moneyline when putting this together. The main reason is that betting on the NCAA Tournament is hard enough, and trying to bet on March Madness spreads adds complications. 

Picking the winner of each game is no small feat, but it can be much easier than betting on which team wins, and by how much. 

Look For Underdogs

It pays to look for underdog teams to win. Betting on an underdog will increase your winnings if you nail the parlay, and there are sure to be plenty of upsets along the way. 

There isn’t a ton of value in putting together a slip and betting on all the favorites, but include at least one “lock” in your parlay. 

Brackets and Betting Are Different

When trying to put together the perfect parlay, be sure to take your brackets out of the equation. Selecting a team to reach the Final Four while making a March Madness bracket is one thing, but it is different when including that team in a parlay.

Your bracket could be a mess by the end of the first weekend, but putting together smart bets could win you a ton of money in the NCAA Tournament. 

Maximize Betting with Bonuses

Since this is one of the biggest US sports betting events, many sportsbooks offer bonuses tailored to March Madness. Check our page about March Madness bonuses, or, if you are a new customer, take advantage of special welcome bonuses geared towards this event.

Most of these bonuses include bonus or second-chance bets, allowing you to capitalize on your knowledge and luck.

Current March Madness Bonuses

bet365 Sports
Bet $5, Get $150 in Bonus Bets! or Get a First Bet Safety Net up to $1,000 in Bonus Bets!

21+ only or 18+ in KY and present in AZ, CO, IA, IN, KY, LA, NJ, NC, OH, VA. Gambling problem? Call 1-800-GAMBLER (AZ, CO, IN, KY, LA, NJ, NC, OH, VA) or 1-800-BETS OFF (IA). T&Cs and restrictions apply.

BetMGM Sports
Exclusive Offer: Get a 20% Deposit Match up to $1,600 in Sports Bonus!

21+. Gambling problem? Call 1-800-GAMBLER. AZ, CO, IA, IL, IN, LA, KS, KY, MA, MD, MI, NC, NJ, OH, PA, TN, VA, WV, WY. Call 877-8-HOPENY or text HOPENY (467369) (NY). Call 1-800-327-5050 (MA). 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Participant must complete the Wagering Requirements and satisfy the (10x) playthrough requirement. Visit BetMGM.com for Terms & Conditions.

Caesars Sportsbook
Get up to $1,000 Back in Bonus Bets if Your First Bet Doesn't Win!

21+ only. New users and first $10+ wager only. Offer valid and must be physically present in AZ, CO, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WV, and WY only. Know When To Stop Before You Start.® Gambling Problem? IL, MD, NJ, OH, PA, TN, VA, WV: Call 1-800-GAMBLER. MA: CALL 1-800-327-5050 or visit gamblinghelplinema.org. NY: Call 877-8-HOPENY or text HOPENY (467369). ©2024, Caesars Entertainment

FanDuel Sportsbook
Bet $5 Get $150 in Bonus Bets!

New players only, 21+. Gambling Problem? Call 1-800-GAMBLER. Available in AZ, CT, CO, IA, IL, IN, KS, KY, LA, MA, MD, MI, NJ, NY, PA, OH, TN, VA, VT, WV, WY only. Full T&C apply.

Summary

Making a parlay bet might not be a wise choice, but it can be profitable. This doesn’t mean that you should make a long bet slip for the NCAA Tournament, but there is a chance that it can be profitable. 

Be sure to do some research and try to find the most value when looking to make the perfect parlay bet. March Madness is extremely unpredictable, but doing plenty of research can help you put together the perfect parlay. 

Best of luck with your March Madness parlay, and enjoy the greatest three weeks of sports!

FAQs

How many bets can I add to a parlay?

Parlay bet slips are not unlimited. However, most sportsbooks will let you compile parlays with 10-20 legs if you want to. Warning, the more bets you add the more difficult it will be to win.

Can I parlay college basketball with another sport?

Yes. You can mix and match sports with parlays.

What is a same game parlay (SGP)?

A same game parlay is when you make multiple bets on one game. For example, you bet Duke -18.5 and the total points over 145.5.

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