A Concise Overview of the College Basketball Betting Landscape
Continuing our series of how-to gambling articles, let us now have a look at college basketball, among the most popular sports in America. With NCAA regular season games at full swing, what better time is there to find out about the ins and outs of college basketball betting?
Although the vast majority of gambling action comes from the springtime when conference tourneys give way into the Big Dance, there is still an entire season of games to choose from from November to March. Honing your betting knowledge through the regular season will undoubtedly give you a leg up going into tournament time once the stakes are high, the plot thickens, as well as the pot sweetens. Each year as spring approaches, fans and bettors alike find themselves consumed by the hype that is March Madness. Of all of the sports events in America, none need more energy, further investigation, and more focus compared to the NCAA Tournament.
From office pools to ESPN Bracketology, there is absolutely no lack of avenues for people to get in on the action. In reality, it’s estimated that advertisers spend more than $1.15 Billion annually on the near-month long event. And, based on an yearly report issued by Challenger, Gray & Christmas, businesses incur an estimated loss of $1.9 Billion each year due to employees being”distracted and unproductive” throughout the tourney.
Then there’s the side of matters. Easily thought of as among the biggest sports gambling events in the Earth, the NCAA Tournament offers people a plethora of opportunities to place wagers–67 matches to be exact. The outcome? Over 70 million mounts are filled out each year–generating an average of $9 Billion in bets, with only $240 million of the going legally to Nevada sportsbooks.
That being said, let us take a peek at the different kinds of bets you can place on college basketball. These are the same as those you can put on NBA Games, as you might expect. Nonetheless, we’ll go over them and, very similar to previous how-to content, we will discuss some key statistics and numbers to think about when placing your bets.