Pickswise is the home of the best March Madness betting advice and analysis. We have all of the latest news, trends, and betting updates throughout the duration of March Madness. Be sure to also head over to our March Madness Predictions page for game previews from Pickswise’s expert handicappers.

March Madness Betting Explained

A month-long tournament that sweeps the nation, and never more so than since the legalization of sports betting. Bracketology will always be a huge part of March Madness, but sports betting is growing and March Madness is one of the biggest betting events of the year. There are many ways to bet on March Madness from the outright National Championship, for a team to make the Final Four, Elite Eight, or Sweet 16, or you can bet on any of the 67 individual games. Pickswise is here to guide you through it all. With industry-leading NCAA Basketball handicappers, we bring you the best and most important March Madness betting news, stats, trends, and Picks.

March Madness Betting Online

With the legalization of online sports betting, placing a bet on March Madness is easier and more accessible than ever. If sports betting is legal in your state, then you can simply find the sportsbooks licensed where you are and bet on a whole range of markets, from futures to individual matches and a plethora of player stats. The experts here at Pickswise will break down their favorite bets every day of the tournament will full reasoning included, and all for free. Check out our daily March Madness Predictions, including Prop Bets and Parlays.

March Madness Live Betting

Another way that you can bet on March Madness is through live betting. Live betting is a growing, exciting way to wager on a game whilst the action unfolds in front of you. As the name suggests, live betting is betting on an event after it has started. Sportsbooks will create dynamic betting lines that fluctuate in reaction to the on-court action in real-time. For example, if you like a favorite to cover a -8 spread, but they get off to a slow start and are down by 1 at the half, you can bet them live at a different line, say -4. Live betting is an exciting way to get involved in a game you watch and is offered by the majority of top online sportsbooks across the US.

How to bet on March Madness 2023?

There are many ways in which you can bet on March Madness. We’ve listed and explained some of the most popular ways below.

Money Line: Picking a team to win straight up. If the Duke Blue Devils are facing off against the Michigan State Spartans for an Elite Eight matchup, you would pick one squad over the other to triumph.

Point Spread: Choosing the favored team to win by more than a specified number of points set by oddsmakers, or the underdog to win outright or lose by fewer than that specific number of points.

Totals: A bet on whether the total combined final score will be OVER or UNDER the number set by oddsmakers.

Prop Bets: Bets related to brackets and player stats like rebounds, field goals, etc.

Futures: Bets that can be made weeks or even months in advance of the tournament. For instance, in October you could pick North Carolina to win the championship game.

Parlays: Multiple bets on one ticket. Every selection must win to cash a parlay.

Live Betting: Making a bet while the game is going on. Live betting odds disappear fast. If you see betting lines you like, take them quickly.

A Brief History Of March Madness

The March Madness tournament has been played since 1939 but has not always been the size and scale of the tournament as it is today. In 1939 there were only 8 teams in the tournament which was won by Oregon. March Madness expanded in 1951 to 16 teams, doubled again in 1975 to 32 teams, and once again to the size it is today with 64 teams in 1985.

The term March Madness itself was coined by Henry V Porter who was an Illinois School official in regards to the madness of the tournament. Today the name is apparent as ever with 64 teams all fighting for the title in a single-elimination tournament.

Since the tournament’s inception, UCLA leads the way in terms of National Titles with 11 mainly thanks to winning 7 titles in a row between 1967 and 1973. Their last title was in 1995.

The 2021 March Madness Tournament was won by the Baylor Bears who upset the odds in the final to halt Gonzaga from a perfect 30-0 season. The 2022 March Madness Tournament saw the Kansas Jayhawks win it all to collect their 5th title. Can they defend their crown as reigning champions in the 2023?

Last 10 NCAA Basketball Champions

We haven’t seen a reign of dominance like the UCLA Bruins’ reign between 1967 and 1973 in recent years, with much more parity amongst recent winners. In the last decade, three teams have won two titles each in Duke, Villanova, and Connecticut, meaning 7 different schools have lifted the title in the last 10 tournaments.

The Last 10 NCAA Basketball Champions are as followed

  • 2022 – Kansas
  • 2021 – Baylor
  • 2020 – Tournament Postponed (Covid-19 Pandemic)
  • 2019 – Virginia 
  • 2018 – Villanova
  • 2017 – North Carolina
  • 2016 – Villanova
  • 2015 – Duke
  • 2014 – Connecticut 
  • 2013 – Louisville
  • 2012 – Kentucky

Where Are The March Madness 2023 Locations?

One of the great aspects of March Madness is the multi-site location nature of the tournament. There are many different locations spanning the country that will host March Madness games throughout the month-long extravaganze. Check out a list of 2023 locations below.

  • First Four
    • Dayton, Ohio, UD Arena
  • First/Second Rounds
    • Birmingham, AL, Legacy Arena
    • Des Moines, IA, Wells Fargo Arena
    • Orlando, FL, Amway Cente
    • Sacramento, CA, Golden 1 Center
    • Albany, NY, MVP Arena
    • Columbus, OH, Nationwide Arena
    • Denver, CO, Ball Arena
    • Greensboro, NC, Greensboro Coliseum
  • West Regional
    • Las Vegas, NV, T-Mobile Arena
  • East Regional
    • New York, NY, Madison Square Garden
  • Midwest Regional
    • Kansas City, MO, T-Mobile Center
  • South Regional
    • Louisville, KY, KFC Yum! Center
  • Final Four
    • Houston, TX, NRG Stadium

March Madness FAQs

Selection Sunday: Sunday, March 12
First Four: March 14-15
First round: March 16-17
Second round: March 18-19
Sweet 16: March 23-24

Elite Eight: March 25-26
Final Four: April 1
NCAA championship game: April 3

March Madness starts on March 12, 2023, with Selection Sunday, and ends on April 3, 2023. The Final Four and NCAA championship games will be played in Houston, Texas.

CBS, TSB, TNT, and TruTV will all be home to live March Madness broadcasts throughout the tournament.

Every single March Madness game will air on either truTV, TBS, TNT, or CBS.

Those looking to stream the game online have several options as well. If you receive these TV networks as part of your cable package, then you can log in and stream every game for free using March Madness Live.

Those without a cable subscription have other alternatives as well. They can stream games through services like fuboTV, Hulu + Live TV, and YouTube TV.

The college basketball event is divided into four regions: East, West, Midwest, and South. Each contains at least 16 teams, with four additional teams added as per the selection committee, to produce a playing field consisting of 68 schools. This committee is also responsible for seeding and keeping squads from the same conferences from playing each other until the regional finals. They do this to create an air of fairness. It’s also great for bettors since it makes your wagers way more interesting, especially if you can correctly pick a team to win the NCAA Tournament.

The committee will take teams that have been voted into the tournament as at-large teams or have earned the automatic qualifier from their conference, and vote on teams (four at a time) to the seed list. The top four teams on the first seeding vote make up the initial one line (the four No. 1 seeds).

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