March Madness: Legal Online Sports Betting - PYMNTS.com.
All in all, March Madness betting is generally higher than Super Bowl with wager options that include bracket bets, casual bets and both retail and online bets. Nevada, West Virginia, Indiana, Rhode Island, Pennsylvania, Oregon, New Jersey and Iowa allow both retail and online betting while Arkansas, Delaware, Mississippi, New Mexico and New York allow retail-only wagers.
How the NCAA Tournament works. March Madness is a 68-team, single-elimination tournament that annually crowns college basketball’s NCAA Division 1 men’s national champion. The event is aptly named, considering it features a frenetic 67 games over a 19-day period. The participating schools are announced on “Selection Sunday”, along with the exact seeding and brackets.
Rivers Casino in Des Plaines will be the first to take an Illinois sports bet Monday morning as the state becomes the 15th with legal sports betting. “The BetRivers Sportsbook will take March Madness out of the office pool and into an exciting, elevated live sports wagering experience,” said Corey Wise, Senior Vice President and General Manager of Rivers Casino.
March is already here, which means the biggest event in college football is right around the corner. The NCAA Division I Men’s Basketball Tournament, otherwise known as NCAA March Madness 2020, will begin with this season’s Selection Sunday on March 15 th.It’s an exciting time for sports punters across the country.If you’re into NCAA Basketball betting, you’ve come to the right place.
Bet March Madness Online The best way to bet on March Madness is online. If you’ve only ever bet at a retail sportsbook, you know what it entails: people in line waiting for a cashier to take their bet and hand them a ticket. If you win your bet, you go back to the casino (if you’ve left already), stand in line again and cash in your ticket.
Betting March Madness Prop Bets Since the NCAA Tournament was expanded to 64 teams in 1985 until 2018, 21 of the 34 national champions have been a No. 1 seed, including 9 of 12 from 2007 to 2018. True, it can be difficult to identify which of the four top seeds might cut down the nets, but odds have shown that one of them will.
If you’re new to online sports betting, or just betting in general and want to learn how to bet on March Madness, we recommend sticking to the three main betting types: Moneyline, Point Spreads and totals.