Complete 2023 Tournament guide : Learn All about March Madness betting promos, odds and lines

March Madness is an annual college basketball tournament in the United States that takes place every March. It’s one of the country’s most popular and highly anticipated sporting events, with millions of people tuning in to watch the games on television or attending them in person.

The tournament’s history dates back to 1939 when the National Association of Basketball Coaches (NABC) organized a postseason invitational tournament to crown a national champion. The tournament was initially limited to eight teams, but it gradually expanded over the years, with the current format including 68 teams.

In this article, we’ll highlight everything you need to know about this year’s tournament and tell you all about March Madness betting promos.

What Is the 2023 March Madness?

The tournament is divided into four regions (East, West, South, and Midwest), each containing 16 teams. The March Madness tournament features 68 teams, and there are two ways for a team to qualify.

The first way is for a team to win its respective conference tournament. All 32 Division I conferences have an automatic bid to the tournament, with the winner of each conference tournament being granted a spot. It doesn’t matter if a team has a poor regular season record; it’s in if it wins its conference tournament. These 32 teams are known as “automatic qualifiers.”

The second way for a team to qualify is through an at-large bid, which the selection committee awards. The committee is responsible for selecting the remaining 36 teams in the tournament, considering factors such as a team’s overall record, the strength of schedule, and quality wins.

Teams that receive an at-large bid typically have strong regular season records but could not secure an automatic bid by winning their conference tournament. The teams are selected through a “Selection Sunday” process, during which a committee of experts announces the participating teams and their seedings (rankings). The tournament is then played in a single-elimination format, with teams being eliminated after a loss until one team is crowned the national champion. Because there are 68 total teams, four teams play in a qualifying tournament known as the “First Four” for the final sport in the 64-team tournament.

The tournament’s popularity can be attributed to several factors, including the high level of competition, the excitement of a single-elimination format, and the widespread interest in college basketball among American sports fans. There are a lot of March Madness betting sites that offer different markets surrounding the competition. You can do your March Madness betting online from the comfort of your home, even during the games. The tournament is also known for its “Cinderella stories,” where lower-ranked teams upset higher-ranked teams, making it a thrilling experience for viewers. The unpredictability also enhances the experience of users that are doing March Madness betting on games.

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2023 Madness: Odds, Lines, and Spreads

March Madness is one of the biggest events in college sports and one of the most popular times of year for sports betting. Here’s a breakdown of the different types of odds, lines, and spreads that you might see in March Madness betting trends:

  • Odds: The March Madness betting odds for a particular game will tell you how much you can win if you place a bet on the winning team. For example, if a team is listed at +150 odds, that means you would win $150 for every $100 you bet on that team. On the other hand, if a team is listed at -150 odds, you would need to bet $150 to win $100.
  • Spreads: The spread is similar to the March Madness lines, but it is the difference in points between the two teams. For example, if 7 points favor one team, the spread would be -7 for that team and +7 for the underdog. The March Madness spreads balance the betting action and make the game more interesting to bet on.

When it comes to NCAA March Madness, many different betting options are available, including individual game bets, futures bets on the overall tournament winner, and prop bets on things like the total number of points scored in a game or the number of three-pointers made by a particular team.

The most important March Madness futures bet is who is going to win the National Championship. These March Madness odds are usually evened up because it’s so hard to predict who will be crowned the National champion, and this year is no exception. Here are the odds to win March Madness 2023:

  • Houston (+650)
  • Kansas (+800)
  • Alabama (+900)
  • Purdue (+1000)
  • UCLA (+1000)
  • Baylor (+1500)
  • Arizona (+1700)
  • UCONN (+2000)
  • Texas Tech (+2500)
  • Tennessee (+2500)
  • Gonzaga (+2600)
  • Marquette (+2600)
  • Indiana (+3000)
  • TCU (+3000)
  • Saint Marys CA (+3500)
  • Creighton (+4200)
  • Virginia (+4500)
  • Kentucky (+4500)

March Madness Betting Promos

March Madness is one of the biggest events for sports betting sites, and many sportsbooks offer March Madness promotions and March Madness bonuses to attract new customers and reward loyal ones. Some common March Madness betting promos include free bets, matched deposits, and enhanced odds on certain games or outcomes. Some sportsbooks also offer cashback bonuses or parlay insurance, which can help mitigate losses for bettors who place multiple bets.

You can also participate in the bracket challenge and compete with other users by trying to achieve the perfect bracket. As always, it’s important to read the terms and conditions carefully before taking advantage of any betting promo to ensure that you understand the requirements and restrictions.

For example, Bet365 offers a March Madness sign-up promotion that allows you to claim up to a $200 bonus for a $1 bet. However, the minimum deposit you need to make is $10. The qualifying wager must be placed within 30 days of the registration and contain a selection of -500 or higher. Finding promotions like these is crucial for improving your public betting on March Madness and will definitely enhance your betting experience.

Bracket Challenge

Another aspect of March Madness’s popularity is the pursuit of a perfect bracket, which is when someone correctly predicts the winner of every game in the tournament. While it’s theoretically possible to achieve a perfect bracket, the odds of doing so are astronomically high, with some estimates putting the odds at 1 in 9.2 quintillion if you are looking at each matchup as a 50/50 chance.
For those who follow college basketball, the odds are lower at 1 in 120.2 billion. As a result, March Madness bracket pools have become a popular social activity, with around 70 million brackets competing against each other to see who can come closer to a perfect bracket. It’s not uncommon that there are March Madness bracket betting picks at various sportsbooks, rewarding the user that comes closest to a perfect one.

For those who follow college basketball, the odds are lower at 1 in 120.2 billion. As a result, March Madness bracket pools have become a popular social activity, with around 70 million brackets competing against each other to see who can come closer to a perfect bracket. It’s not uncommon that there are March Madness bracket betting picks at various sportsbooks, rewarding the user that comes closest to a perfect one.

No one has ever managed to have a completely perfect bracket, which is understandable, considering the odds of that happening. The closest anybody has come to achieving the perfect bracket is Gregg Nigl from Ohio. In 2019, he correctly predicted the outcome of the first 49 tournament games and was the first person to have a live bracket during the Sweet 16 part of the tournament. Quite impressive, considering the odds and the number of people participating in this challenge.

March Madness betting promos

March Madness Betting Strategies

Regarding the March Madness betting strategy, there are several factors to consider. There are a couple of March Madness betting tips. One of the most important is momentum. With the tournament being a knockout format, a team’s recent form can be critical to its chances of advancing. Teams that have performed well in their conference tournaments should be considered in the early rounds of the tournament. However, it’s important not to rely on the conference tournament winner as the best bet.

Sometimes, a team that has consistently performed well but flown under the radar might be a better choice. This is where the eye test comes in handy, as it can help you evaluate a team’s overall talent level and potential to perform well in the tournament, especially when doing March Madness live betting.

Another key factor to consider when betting on March Madness is the powerhouses of college basketball. Even if a team hasn’t been in great form during the regular season, it might save itself for the tournament. Teams like Gonzaga, North Carolina, and Kentucky are perennial basketball powerhouses, and they should always be on your radar when evaluating potential bets.

Finally, it’s important to note that #1 seeds are historically the best bets in March Madness. They have a long history of making it to the Elite 8 and beyond, so they should be March Madness best bets considering they have the best odds to win March Madness. However, it’s important to remember that upsets are always possible in the tournament, and you should never rely solely on past performance when evaluating potential bets. Overall, you can increase your chances of making successful bets during March Madness by considering momentum, paying attention to basketball powerhouses, and keeping an eye on #1 seeds.

March Madness and NBA Draft

March Madness can significantly influence the NBA draft, as the tournament provides a platform for college basketball players to showcase their skills on a national stage. Many NBA scouts and executives closely follow the tournament, looking for potential draft picks and evaluating players’ performances in high-pressure situations.

In previous years, several NBA players have used March Madness as an opportunity to boost their draft stock. For example, in 2019, Ja Morant of Murray State made a name for himself with his standout performances in the tournament, which helped him become a top-three pick in the NBA draft that year. Similarly, in 2018, Villanova’s Donte DiVincenzo performed remarkably in the national championship game, which helped him become a first-round draft pick in the NBA.

March Madness can also provide a platform for lesser-known players to gain attention from NBA scouts and executives. For example, in 2016, a player named Damian Jones from Vanderbilt had a strong showing in the tournament, which helped him become a first-round draft pick in the NBA.

Usually, some of the biggest prospects coming into the NBA are featured in the “Big Dance,” as NBA teams look closely at how the top picks lead their teams.

However, in 2023 the situation might be a little different as there is a possibility that the top four picks won’t be coming from the NCAA at all. Victor Wembanyama, a 7-foot-3 wunderkind from France, is projected to be the first overall pick in the upcoming draft and is currently playing for Metropolitans in the French league.

Scoot Henderson is a close second and plays for the G-League Ignite, an NBA project that allows players to play professionally straight out of high school. Finally, twins Amen and Ausar Thompson will probably be in the top five picks in the upcoming draft. They play for the City Reapers in the Overtime Elite League, another project allowing high schoolers to go straight to pros.

There are still major prospects to look out for in this year’s NCAA tournament. Alabama’s Brandon Miller is leading his team to the top of the Southeastern conference, one of the toughest in the NCAA. Other important prospects include Jarace Walker from Houston, Keyonte George from Baylor, Cam Whitmore from Vilanova, and G.G. Jackson from South Carolina. If you are considering placing March Madness prop bets, one of these guys could be a good pick.

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March Madness Fun Facts

With its long tradition in the history of college basketball, March Madness has had many unforgettable moments. We all hope this season’s edition will again be full of great games, moments, and upsets. Let’s take a look at some of the interesting things that have happened in the tournament since its creation.

Best March Madness Player Ever?

Two players stand out when we talk about the two best college players of all time—Christian Laettner and Kareem Abdul-Jabbar.

Christian Laettner, the all-time leading scorer in March Madness history, played for Duke University from 1988 to 1992. Laettner scored a total of 407 points in 23 NCAA tournament games, averaging 17.7 points per game. He also holds the record for most free throws made in the tournament—142. Laettner was a key player on two Duke championship teams in 1991 and 1992 and is widely considered one of the greatest college basketball players ever.

Kareem Abdul-Jabbar, formerly known as Lew Alcindor, won three NCAA men’s basketball championships during his college career at UCLA. He played for the Bruins from 1966 to 1969, leading them to titles in those years. Abdul-Jabbar was a dominant force in college basketball, winning three consecutive National Player of the Year awards and setting numerous records, many of which still stand today. He is widely considered one of the greatest basketball players of all time at college and professional levels.

The Biggest March Madness Bets

It’s difficult to say what the biggest bet ever won on March Madness is, as sportsbooks typically don’t disclose individual bettor information. However, some notable March Madness bets have resulted in large payouts over the years.

One of the biggest was a bet placed on the Villanova Wildcats to win the 2016 NCAA tournament. The bettor, who was identified only as “D.J.” by the sportsbook, placed a $1,500 futures bet on Villanova to win the tournament at 50-1 odds before the start of the tournament. Villanova went on to win the championship, and “D.J.” collected a payout of $75,000.

Billionaire Warren Buffett placed another famous March Madness bet. In 2018, Buffett offered $1 million per year for life to any Berkshire Hathaway employee who correctly predicted the Sweet 16 teams in the NCAA tournament. The bet was free to enter and open to all employees, and the odds of winning were estimated to be around 1 in 2.4 trillion. No one won the prize, but Buffett still gave $100,000 to the employee who made it the farthest in the competition.

Biggest Upsets in March Madness History

March Madness is known for its unpredictability and exciting upsets that have shocked the basketball world over the years. Some of the biggest upsets in NCAA tournament history include the 1985 championship game, where Villanova defeated heavily-favored Georgetown; the 1991 Duke victory over UNLV, who were the defending national champions and had won 45 consecutive games; 1998 Valparaiso win over Ole Miss on a last-second 3-pointer, the 2012 Lehigh upset over Duke, and the historic 2018 UMBC upset over Virginia, the first time a 16-seed had ever defeated a 1-seed in the tournament.

These upsets have produced some of the most memorable moments in March Madness history, and fans worldwide look forward to seeing what surprises and Cinderella stories will unfold in future tournaments.


Who has the best chance of winning March Madness 2023?

The lowest odds to win the March Madness in 2023 are for the University of Houston at +600.

What are the chances of winning the March Madness bracket challenge?

The odds of having a perfect bracket are around 1 in 120.2 billion if you follow college basketball.

Who is the most accurate March Madness picker?

The closest anybody has come to achieving the perfect bracket is Gregg Nigl from Ohio. In 2019, he predicted the outcome of the first 49 games and was the first person to have a live bracket during the Sweet 16. Try to beat him by participating in March Madness betting promos.