The NCAA men’s basketball tournament for 2023 is progressing to the next round this Saturday. Online sportsbooks, including those featured on various North Carolina sports betting apps, have already started releasing the March Madness odds for the games as the final results of the first round come in.

March Madness has officially begun, featuring a mix of matchups and decisive victories. While some brackets may already be in disarray, there are still plenty of options to consider at sportsbooks, especially with North Carolina sportsbook promos offering exciting deals. The single-elimination tournament will continue until April 1 with the Final Four, followed by the NCAA championship game on April 3.

Below you can find the available odds for the second round of the NCAA men’s basketball tournament. A table will provide you with the schedule or allow you to navigate quickly through different regions. This page will be regularly updated with the odds as we progress through the first round, with many bettors taking advantage of North Carolina sports betting opportunities.

Different Types of Bets in NCAA March Madness

Point Spread: For every game, sportsbooks, like those available on BetMGM North Carolina, offer a point spread represented by a plus (+) or minus (-) number to each team’s name. This indicates the expected margin of victory for that team. For example, if a team has a point spread of 4.5, a successful bet would require them to win by five or more points. If the point spread is +3.5, a bet would be considered successful if the team loses by three points or less or if they win outright.

Moneyline: This type of bet is based on predicting the outcome of the game. The specific points scored or margin of victory does not affect the bet. The payout for this bet depends on the odds offered. Plus (+) money odds indicate an underdog while minus (-) indicates a favorite. This straightforward betting format is popular on North Carolina sports betting apps, providing a simple way for fans to engage with the games.

Total: This refers to the combined number of points scored by both teams in a game. For example, if the total is set at 134.5 points, an “over” bet would only win if the total points scored by both teams reach 135 or more. Conversely, an “under” bet would be successful if the total points are 134 or fewer. Some sportsbooks also offer options to place totals bets for the first or second half of a game, a feature that’s often highlighted in North Carolina sportsbook promos.

Futures: With this type of bet, you can choose which team you believe will ultimately win the NCAA tournament. It allows you to get odds on a favored team by making your selection before or early on in the tournament. If your team gets eliminated, it’s obvious that the bet will be lost. However, for bettors who have a team and don’t want to bet on each individual game, they can take advantage of more favorable odds by choosing the eventual winner of the tournament, a strategy that can be executed through apps like BetMGM North Carolina.

Understanding How March Madness Odds Work

The key thing to understand about betting odds is the significance of the plus (+) and minus (-) signs before each number. Odds with a plus sign indicate an underdog. For example, if a team’s odds to win are +100, it means that you would win $100 for a $100 bet, in addition to getting back your stake. On the other hand, if the odds are -100, you would need to bet $100 in order to win $100, along with your additional stake.

Teams that are considered underdogs, like those with odds of +500, are generally believed to have a minimal chance of winning. However, the potential payout, in case such a team wins – let’s say $500 on a $100 bet – is so enticing that it attracts bettors who’re willing to take a risk in hopes of significant returns. Those who supported underdogs like Furman and Princeton were

rewarded with victories, as seen in many instances during March Madness. On the other hand, when it comes to heavy favorites, there is a widespread belief that they have a high probability of winning. However, the odds are structured in such a way that bettors need to risk more money for a relatively smaller payout. This dynamic is well understood by those engaging in North Carolina sports betting, where analyzing odds and underdog potential can lead to substantial winnings.

Instructions for Betting on NCAA March Madness

  1. Refer to the tables provided above to locate the bet and odds that you find most appealing.
  2. Click on the odds to be directed to the sportsbook offering those particular odds for your chosen bet. This feature is a convenient aspect of many North Carolina sports betting apps.
  3. In case you don’t already have an account with that sportsbook, go ahead and sign up by creating one. Consider looking for North Carolina sportsbook promos for new users, which are often available.
  4. Choose a deposit method and add funds to your newly created account.
  5. Now you are ready to place your wager. BetMGM North Carolina, among other platforms, offers a user-friendly interface for this purpose.

By following these steps and utilizing the options available through North Carolina sports betting apps, fans can enhance their experience of the NCAA men’s basketball tournament. Whether it’s placing a simple moneyline bet or engaging in more complex futures betting, the range of options ensures that there is something for everyone during this exciting period of March Madness.

✅ Fact Checked on January 17, 2024 by Ken Weaver