College basketball wagers center around March Madness or the NCAA Division I Men's Basketball Tournament in the United States. A total of 68 teams qualify for the tournament aptly played during March and April.
Thirty-two teams earn automatic bids as their respective conference champions. The remaining 36 tournament slots are given to at-large bids, which are determined by the Selection Committee (conference commissioners and school athletic directors appointed by the NCAA) in a nationally televised event called Selection Sunday on the Sunday before the First Four play-in tournament.
The committee also determines where all sixty-eight teams are seeded and placed in the bracket.
The appeal of college basketball wagers is in its single-elimination tournament format. This increases the chance of an underdog "Cinderella team" advancing to subsequent rounds. Although these lower-ranked teams play stronger teams, they need only one win to advance which makes every game very important.
The tournament consists of several rounds which are named:
The First Four
The First Round (the Round of 64)
The Second Round (the Round of 32)
The Sweet Sixteen (Regional Semi-finals)
The Elite Eight (Regional Finals)
The Final Four (National Semi-finals)
The National Championship
UCLA has the record for the most NCAA Men's Division I Basketball Championships with 11 national titles. John Wooden coached UCLA to 10 of its 11 titles. The University of Kentucky has the second most number of national titles with eight. The University of North Carolina is in third place with six titles. Duke University and Indiana University are tied for fourth with five national titles.
The team wagered on must win by the point spread given at the time of the wager. The odds are $1.10 to win $1.00 (-110) unless otherwise indicated. Due to changing events, the point spread may fluctuate at any time. Place a point spread basketball wager now.
Money Line Basketball Wagers
The team wagered on just has to win the game. The amount that bettors lay or take for each game may vary. The money line that is listed when the wager is placed is the money line kept, regardless of any line movement.
For example, a bettor could choose one of two wagers on the following match-up: L.A. Lakers -200 at Portland Trailblazers +180. If the Lakers win, the bettor who laid $200.00 wins $100.00. If Portland wins, the bettor who bet $100.00 wins $180.00. Place a money line basketball wager now.
Totals (Over / Under) Basketball Wagers
In totals wagers, bettors must wager on whether the actual combined scores of the two teams will either be over or under a certain pre-determined number, called the total for the game. All totals lay $1.10 to win $1.00, unless it is otherwise indicated.
For example, in a Warriors - Cavaliers game, the over / under given is 187. The combined final score of both teams must exceed 187 for bettors who wager on "Over" to win. For those who wager on "Under" to win, the combined final score of both teams must be less than 187. If the combined score equals 187 the game is considered "No Action" and the original wager is returned. Though bookmakers usually add a half point in the totals to avoid ties. Place a totals (over / under) basketball wager now.
Quarter / Half-Time Basketball Wagers
All wagers must go the full quarter or half for action. All quarter / half-time wagers are calculated the same as a straight wager unless otherwise indicated. There are no teaser plays or buying of points on quarter / half-time llines. In case of an overtime, it will be included as part of the second half. Place a quarter / half-time basketball wager now.
Parlay Basketball Wagers (Multiples)
A parlay is a bet on 2 or more teams (selections) or propositions in no particular order. All teams wagered on in a parlay must win. If there is a tie, the parlay reverts down to the next lowest number for payoff. For example if a player selects 4 teams, and one ties, the parlay becomes a three team parlay. For a 2 team parlay - a tie and win becomes a straight bet (-110) payout. Place a parlay basketball wager now.
Teaser Basketball Wagers
A teaser is a selection of two or more teams in one wager in which the point spread is adjusted in the bettor's favor. The number of teams selected and the number of points selected determines the payout odds. A "Tie" or "No Action" and a "Win" on a two team teaser shall constitute a "No Action" wager. A "Tie" or a "No Action" and a "Loss" on a two team teaser shall constitute a "Losing" wager. Ties on a three or more team teaser shall revert to the next lowest betting bracket. For example a tie on a three team teaser becomes a two team teaser. Place a teaser basketball wager now.
Future and Proposition (Props) Basketball Wagers
Future wagers are based on the outcome of events that happen each year. All wagers are final. There will be no payouts until the conclusion of the specified season.
Proposition plays are wagers based on the outcome of events. Odds change daily and all wagers are considered action for the odds quoted at the time of the wager.
In the event that the selection (person, team, or other) the wagerer bets upon does not participate in the game/event due to injury, etc., no refunds are usually made. Place a future and proposition basketball wager now.
