March Madness Betting Guide for 2021

March Madness betting is a huge event with a plethora of online sportsbooks offering wagering, making it difficult to select a quality online sportsbook.

See the table below of independently verified March Madness betting sites in New Jersey, impartially reviewed by experts to ensure the safest-and-most enjoyable sports betting experience imaginable.

NJs Top March Madness Betting Sites

Betting Site
Bet Now
888Sport New Jersey
Risk Free First Bet up to $500

SugarHouse Sportsbook Review NJ
Sugar House Sportsbook
100% Up to $250

FanDuel Sportsbook Review NJ
Get A $1000 Risk Free Bet

Borgata Online Sportsbook Review NJ
Borgata Sports
Get $100 When You Bet $20

BetMGM Sports Review NJ
BetMGM Sports
Risk Free First Bet Up To $600

We put all betting sites through a set of stringent sportsbooks reviews to ensure they pass the test. To check the range of selection criteria, please see our overall sportsbook review page and click on “review” to see our reviews for all of New Jerseys licensed sports betting sites.

Other than the Super Bowl, no other U.S. sports event or tournament attracts as much attention or betting action as the NCAA March Madness basketball tournament.

Bettors are literally spoilt for betting choice in College Hoops biggest annual event. It’s hard enough to pick which teams will qualify for the Final Four to play off for the national championship, let alone deciding which NCAA March Madness betting sites in NJ to use, or determining online sportsbooks with the best college basketball betting markets.

That’s where we can help, we’re sports betting enthusiasts ourselves. Allow us to teach you the tricks-of-the-trade.

What is March Madness?

Before the tournament begins, the NCAA Selection Committee chooses the 68-best men’s college basketball teams to participate in March Madness. NCAA March Madness Futures Odds are locked into place and play begins.

Four teams are eliminated in the First Round (known as the First Four), leaving 64 teams then split into four regions of 16 teams each. Each team is then ranked 1 through 16 in their regional bracket.

Based on regular season results, the strongest teams rank #1 in their regional bracket and so on. Losers are then knocked out in progressive rounds leaving a Round of 32, the Sweet 16, the Elite 8, the Final Four and lastly, the final to decide the NCAA National College Basketball champion.

Given the unpredictable knockout March Madness format, long odds can be secured and plenty of money can be made by taking out March Madness Winner Odds before the tournament begin, particularly if you’re savvy enough to back March Madness Underdogs.

How to bet on March Madness in New Jersey

With each passing year, March Madness betting gets bigger and better. The number of bonuses and promotions from an ever-increasing selection of March Madness NJ betting sites and betting apps pitched exclusively at the event also grows exponentially every year.

This year it will be bigger than ever after the March Madness cancellation last year, so there’s now even more choice than what the betting industry experts thought possible, let alone the novices.

With that being the case, let’s examine some critical factors that will go a long way to ensuring you wind up with a quality sportsbook offering convenient payment methods, an intuitive site user experience with customer service at its heart, and of course, the best NCAA March Madness Odds.

1. Join more than one of the recommended online sportsbooks above. Making better choices and casting the net wider over the range of sportsbook choice will ensure you ALWAYS get the best odds available and help you develop into a curious and incisive sports bettor.

2. From your chosen NCAA March Madness sites, navigate to the ‘Basketball betting’ section or it may be named ‘NCAAB’, ‘NCAA basketball’ or ‘college basketball’ section and check for the specific NCAA Men’s basketball championship (March Madness) betting odds and markets.

3. Select the type of bet you wish place (bet types will be discussed/explained later in this guide);

  • Match Betting (moneyline, point-spreads etc.)
  • Futures Betting (Overall winner etc.)
  • Parlay Betting
  • March Madness Prop Bets; and much more.

Compare and contrast the odds from the different the different sites. If you need assistance understanding March Madness betting odds and their value, please feel free to use our odds guide.

4. Set your preferred betting amount, it should be something that you can’t afford to lose. The best way to avoid problem gambling is to consider your March Madness Betting as an entertainment expense; not as an additional income stream.

5. After registering at a selection of March Madness NJ betting sites, and selecting a bet type and budget, you’ll need to deposit money to your online sportsbook accounts to place your wagers with. In most cases, this will qualify you for a Welcome Bonus (usually a first deposit match or risk-free first bet). Make sure to read the terms and conditions of the offer. Once signed up, the sooner you can get your wager placed and lock in the best possible betting odds the more opportunity to win yourself a few extra bucks.

6. Early bets will generally have the best betting odds and lines and make you more money in the long run. The early bird almost always catches the best college basketball betting deals.

Popular Types of March Madness Bets

Sports betting beginners and even more experienced bettors can easily become confused by the seemingly endless choice of bet types offered by NCAA March Madness sites.

Let’s break it down; popular bet types and what to avoid as a beginner;

  • Money line – A simple win bet on any single March Madness match-up at set odds on your chosen winning team.
  • Points Spread – Fans love March Madness Points Spread betting to create more interest in watching the entire game play out. For example, if you are betting on Gonzaga vs Baylor this may involve giving the ‘Zags a head start (+4.5) or handicapping the Baylor Bears (-4.5). Your team may lose the game, but if they finish inside the spread, you still win your bet!
  • Total points (Over/Under) – Place your bets on the combined point totals of the March Madness teams competing in a single game to be ‘under or over’ the points total offered by the sportsbook. For example, betting on Villanova combining with Illinois to score over or under a collective 141 points.
  • Prop Bets – The number of possible March Madness prop bets are too numerous to mention. They can vary from the number of points, assists or rebounds for a specific player, the first points scored by any player or team in a match, through to even obscure wagers on half-time/full-time scores.
  • Futures Betting – Very popular bet type on the overall National Championship Winner, which teams make it through to the Final Four or even winners of the NCAAB Freshman of the Year or John R. Wooden Award for outstanding NCAAB player of the year.
  • In-play Live Betting – Place live wagers on March Madness games at changing betting lines/odds in real time. Odds are almost always re-set at half-time in March Madness matches.

Betting option beginners should avoid (or check for special promotions only)

Parlay Wagers – Parlay Bets are usually best avoided by rookie bettors, however, there is good news that many March Madness betting sites in New Jersey are beginning to offer promotions to lessen the risk for beginners to try parlays to educate and gain further experience.

Parlay wagers are an accumulated number of wagers (each match is referred to as a ‘leg’) taken over a selection of March Madness matches. With each win in the parlay bet, the odds accumulate with each successful winning leg. However, if only one leg of your parlay wager loses, your entire parlay bet stake is usually lost.

Lessen your Parlay Betting Risk – If you are a beginner and you would like to give parlay betting a shot, many of the best and recommended online sportsbooks now offer permanent ‘win your Parlay wager, if you lose only 1 leg’ or ‘Parlay Insurance’ promotions, which cuts your risk and helps you gain invaluable experience while giving you more winning opportunities to boot.

Live Betting

If you are a fan of NCAA Basketball and in-play live betting, there is no better time of the year for you than March Madness!

March Madness live betting allows you to place your wager as the action plays out on the court, with online sportsbook odds updating on-the-fly in real time as the game unravels.

Done right, live betting is more exciting than pre-match betting, and most, if not all the same markets are available. What’s more, many sportsbooks combine a ‘cash out’ option when live betting to opt out of your wager if it looks like losing at any point of the match.

Using in-play live betting and cash-out together can help maximize your wins and minimize your losses, and of course to keep in touch with the betting action anytime-anywhere, mobile live betting is featured by most of the quality March Madness betting sites in New Jersey.

Who is the favorite to win March Madness 2021?

Wondering who will win March Madness 2021? Let’s check out some of the leading contenders and their March Madness betting odds (all odds current at the time of writing and subject to change) to take out this year’s national college basketball championship, the culmination of the March Madness tournament.


Best Odds to win March Madness

Bereft of superstars, Gonzaga play an electric form of team offense with scoring threats coming from their starting five and even off the bench, which is amazing as they don’t have a 3-pont specialist on their roster. The ‘Zags have earnt the right to feature the best odds to win March Madness this year. Gonzaga play an exciting style; low on defensive structure and simply depend on outscoring their opponents with gun ‘n run.


Best Odds to win March Madness

Baylor are the only other side in the nation to have held the number 1 ranking this season other than the ‘Zags. The Bears are the exact opposite of Gonzaga and play with a defensive intensity that can shut down all but the most potent of offenses. Baylor feature this year’s player of the year favorite, Jared Butler who is a weapon at both ends of the court. His outside shooting sees them as the number one team beyond the arc this season.


Best Odds to win March Madness

Illinois, big in the betting news of late, have shortened in the odds recently after taking a rest following their regular season playing the toughest schedule of all the contending teams. The Fighting Illini are Top 15 in defense and Top 10 in offense and are coming good at the right time of the season. If offensive threats Ayo Dosunmu and Kofi Cockburn (combining for more than 37 points-per-game) stay fit, Illinois can beat anyone on their night.


Best Odds to win March Madness

Possibly the freshest team of the favorites due to enforced time off due to pandemic restrictions, the Wolverines compiled an impressive 20-4 regular season record on the back of a good all-round game in defense and offense (both Top 10-rated). Michigan plays it tough-and-tight and are unlikely to blow teams away which may cost them down the March Madness stretch.


Best Odds to win March Madness

Hawkeyes’ fans are convinced their team can take out the national title, however, they will have to make history and get past Gonzaga to do it. Iowa’s up-tempo offense is a strong weapon, but they will need to improve defensively if they are to be a genuine threat.

Oklahoma State

Best Odds to win March Madness

Considered to be one of the teams most likely to gate crash the Final Four, Oklahoma State proved they can complete with the best of them defeating Baylor 83-74 recently. Cade Cunningham’s offensive output is climbing, and he can take on most teams and win single-handedly.

Be sure to check’s regular March Madness predictions and March Madness betting tips here.

NCAA Basketball Men’s Championship betting bonuses and promotions

Be sure to stay alert on the look-out for March Madness betting bonuses and promotions.

All the best March Madness NJ betting sites these days will offer some sort of specific promotion on matches throughout the tournament.

Make sure you open an account with the sportsbooks to ensure you have access to all available promotions. Many bonuses and promotions cannot be seen unless you are a signed-up, logged-in member.

Current March Madness Promotions

  • SugarHouse Mystery Madness (New Offer Each Day Until April 5)
  • 888Sport – Road to the Final Four – Win $50 Free Bets Each March Madness weekend.
  • FanDuel – March Madness Parlay Insurance.
  • Borgata – March Match-ups – Bet on your favorite team & get a bonus.
  • BetMGM – March Madness Buzzer Beater Insurance – Get up to $20 back if your team loses at the buzzer.
  • William Hill – 50% March Madness Refunds.
  • Caesars – March Pick’em Challenge

Tips and strategies for March Madness betting in NJ

Methods in developing a winning March Madness betting strategy vary from choosing a winner for the big dance to which are the underdog teams to simply make it through to the Sweet 16 or Elite 8. For example;

  • Sometimes the best way to make a nice win is to bet on an underdog team to get through to a round they are not expected to, such as Oklahoma State to make it to the Final Four for example.
  • Smaller teams that are used to playing without huge sold-out crowds may overperform in this CoVID-safe version of March Madness.
  • Whatever you do, keep your personal bias out of your March Madness betting decisions. That is the sure-fire way to throw your money away.
  • If you are taking out a Futures Wager on who will win March Madness, the sooner you bet before the tournament begins or runs too deep will ensure you receive the best odds possible.
  • When betting over/under or totals betting pay attention to teams with incredible defenses or offenses. For example, betting the over on the #1 offensive team in country, Gonzaga, is a very sound wager.
  • Keep informed as much as possible and follow our predictions, March Madness betting tips and articles to get a form guide from our experts.

Statistics and useful general information

Most March Madness Titles

  • UCLA – 11
  • Kentucky – 8
  • North Carolina – 6
  • Duke – 5
  • Indiana – 5
  • Connecticut – 4

Lowest Seeds & Biggest Point Spread to win March Madness

  • Villanova #8 in 1985 won against an 8-point spread against Georgetown.
  • #7 Connecticut defeated Duke 77-74 as a 9.5-point underdog in 1999.

Lowest seed Match-up in the NCAAB Championship Game

  • #7 seed Connecticut faced #8 seed Kentucky in 2014.

All Four #1 seeds making it to the Final Four

  • Only ever happened once. when in 2008, Kansas, North Carolina, UCLA, and Memphis made it all the way to the Final Four.

Last time a Final Four did NOT feature a #1 seed

  • 2011 – #3 Connecticut, #4 Kentucky, #8 Butler, #11 VCU

Last time #1 seeds met in the NCAAB Championship Game

  • 2017 – When North Carolina defeated Gonzaga was the last of only 8 times that two #1 teams have met in the final.

Largest margin of victory in a Championship Game

  • UNLV defeated Duke by 30 points (103-73) in 1990.

Dates & March Madness Locations This Year

March Madness runs from March 19, 2021, with the beginning of the first round, and runs through to the national championship game on April 5, 2021 with games being played throughout 6 venues in Indiana;

  • Lucas Oil Stadium (Indianapolis, IN)
  • Bankers Life Fieldhouse (Indianapolis, IN)
  • Hinkle Fieldhouse (Indianapolis, IN)
  • Indiana Farmers Coliseum (Indianapolis, IN)
  • Assembly Hall (Bloomington, IN)
  • Mackey Arena (West Lafayette, IN)

The Final Four begins on April 3, 2021 and this year will be held on Indiana’s Lucas Oil Stadium, home of NFL’s Indianapolis Colts.