March Madness Betting Odds

How to Bet on NCAA Basketball

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)
  • Kentuck +7 -110 (Underdog)

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 -5 Over 135 -110
  • Oklahoma +5 Under 135 -110

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

This year, basketball fans will see some exciting NCAA basketball results. The 2011 NCAA Tournament tips off on March 15th with the play-in game and concludes April with the NCAA Tournament Championship game.

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