March Madness College Basketball Betting Odds

March Madness Basketball Betting
March Madness Basketball Betting March Madness Basketball Betting

March Madness Basketball Betting

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Straight Bets

This is a wager where a team and a point spread are chosen. The cost of the wager is usually (unless otherwise specified) 10/11 or $110 to win $100.

If you place a straight wager on Duke at –7 then Duke must win by 8 or more points for you to win the wager.

If you place a straight bet Kentucky at +7, they cannot lose by more than 6 points for you to win the wager.

In the event of the game landing on 7 points, the game is a push, resulting in “no action”.

Example:

What the odds Looks Like

Duke -7 -110 (Favorite)
Kentucky +7 -110 (Underdog)

Bet On NCAA Basketball

Over/Under Wagers (Totals)

This is a wager where a team and a point spread are chosen. The cost of the wager is usually (unless otherwise specified) 10/11 or $110 to win $100.

If a wager is placed on the UNDER (135) the total combined score of both teams must fall under 135 points to win the wager.

If you place a wager on the OVER (135) the combined scores of both teams must fall over 135 points for you to win the wager.

In the event of the total combined scores landing on 135, the wager is a "push" resulting in "no action".

Example:

What the odds Looks Like

Florida -5½ Ovr 135 -110
Oklahoma +5½ Und 135 -110

Bet on Basketball

Teaser Bets

A teaser is a group of straight bets or totals combined into one bet. The difference between a parlay and a teaser is that with a teaser the line you bet against for each individual wager is moved to your favor by the number of points of the teaser.

Basketball Teasers 4 Points 4½ Points 5 Points
2 Teams 10/11 10/12 10/13
3 Teams 9/5 8/5 3/2
4 Teams 3/1 5/2 2/1
5 Teams 9/2 4/1 7/2
6 Teams 7/1 6/1 5/1

Example:

What the odds Looks Like

4 Teams in a 6 Points Teaser Risk $100 to win $300
Team Spread Adjusted Final Spread
Arizona +7 add 6 pts +13
Texas -3 add 6 pts +3
Louisville -10 add 6 pts -4
Maryland -6½ add 6 pts

Parlays

A parlay is a combination of 2-8 teams (2-10 teams online). If any team is cancelled or ties, the parlay is reduced, (i.e. 4 teams becomes 3 teams etc.). If any team loses, the play is lost all together. Maximum payout for any parlay is 1500:1 regardless of the result amount the parlay may compute to or show.

Parlay Odds
2 Teams Pay 13/5 7 Teams Pay 60/1
3 Teams Pay 6/1 8 Teams Pay 100/1
4 Teams Pay 12/1 9 Teams Pay 200/1
5 Teams Pay 25/1 10 Teams Pay 400/1
6 Teams Pay 45/1  

In the event of "no action" or a tie, the parlay is reduced to the next lowest number of plays. A two-team parlay becomes a straight bet with a pay off of 10/9.

Example:

What the odds Looks Like

4 Teams in a 6  Risk $100 to win $4500
Pittsburg -1
Kansas +2
Notre Dame -9
Oklahoma State -5
Georgia -2
Illinois +6
Risk $100 Win $4500

 

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