When the calendar flips to March, most of the focus for sports fans turns to March Madness and the sport of college basketball. This is obviously an exciting event to watch, but it can also lead to a great way to make some money.
Filling out a NFL Draft and entering a pool used to be one of the only legal ways to win money on the NCAA Tournament, but that is no longer the case. Now you can head to BetUS and wager on the NCAA Tournament and see your bank account grow as the tournament moves along.
You aren’t just going to be able to win money without doing some work, and you will have to develop a plan and betting strategy. Here are some tips to keep in mind when you are looking to win money on March Madness.
Create a Bankroll Management Plan
Before you even think about making a bet on the NCAA Tournament, you need to come up with a bankroll management plan. Because it takes money when betting on March Madness, you are going to need to have a plan in place so that the money doesn’t disappear in a hurry.
One of the most important things to consider when making a bankroll management plan is the size of your betting unit. Once you have determined the betting unit that you want to use, you are going to want to use that same unit for all of your March Madness wagers.
Be Ready to Do Some Research
Another important thing to remember when looking to bet on March Madness is that you are going to have to do plenty of research if you intend on winning some money. And no, watching the games does not count as doing research, although it’s not a bad place to start.
When you are doing your research, you really want to look for recent betting trends as those can give you a great idea of how things are going to play out. Looking at stats is important as well, but finding out recent trends for each team in a matchup is even more important.
Look at Different Betting Options
Since the NCAA Tournament is such a massive event, you are going to see plenty of different betting options from sportsbooks. While there are plenty of betting options that are the most common and popular, you want to explore all of the betting options that are on the table.
Prop betting is going to come into play during March Madness and you will be able to find some favorable odds for this type of wager. Along with looking at different betting options, you should also be looking for bets that have the most favorable odds.
Beware of Heavy Favorites
If you are seeing a massive betting favorite at BetUS then that might be a clear red flag to stay away from that game. There are going to be big favorites that cover at times, but this is also an event that is known to have some upsets.
Creating a parlay has become a popular way to bet on college basketball and those parlays are usually made up of moneyline betting favorites. This is not a good strategy when it comes to March Madness because the reward is definitely not worth the risk.
Know When to Take a Break
The final tip or strategy is something to keep in mind anytime that you are betting on sports. There are going to be some days in which there are no good betting opportunities and you have to know when to simply refrain from betting.
This is especially true when it comes to the NCAA Tournament, because the action is nonstop once the games begin. That first weekend of March Madness can get overwhelming to those just trying to follow the action, and a break might be needed if you are trying to place a bet.
