It’s March Madness, baby, and anyone who hasn’t been living under a rock has already put in their bracket for this year’s event.
Betting on basketball is incredibly popular in the Philippines, whether it is PBA, NBA, or college basketball betting. We see so many crossover bettors because the odds are plentiful for American sports, which essentially work the same.
Basketball odds typically include game lines (win, totals, spread), futures, and props. Odds for basketball events can also be paired together for lucrative parlay bets that offer higher payouts.
Game Lines For March Madness 2023
As the tournament odds head for the sweet 16 round, game lines are plentiful, with close competitions predicted around the bracket. The sweet sixteen round of March Madness offers eight games with teams that have won their place in the bracket.
The most popular game line odds are the “win” odds, as it essentially predicts the competition’s winner. Win odds are given + or – odds that payout accordingly to the odds offered.
Seasoned bettors also like to play the totals and spread odds as they offer ways to bet on the game without picking the competition’s winner. Totals include betting on the total amount of points scored in the match. Typical total betting lines can be wagered over or under a predefined number of points. Spread betting includes betting on how many points a team will win or lose by, if the spread is set at -5.5 or +5.5, you can bet whether the outcome of the game will be by less or more than the odds given.
Future Odds For March Madness 2023
Future odds for basketball events are popular because it is a set-and-go bet. Common future odds include the tournament winner, division winner, sweet sixteen, elite 8, and final four appearance odds. Once you grab your future odds, you must wait and see what happens before you win or lose your bet.
When betting on futures, it is always best to lock in odds early, as the odds for each team trickle down to zero or negative odds as the competition unfolds. The current future odds for the top five college basketball teams are listed below.
2023 NCAA Men’s Basketball Championship
- Alabama +300
- Houston +425
- Texas +750
- UCLA +850
- Connecticut +900
(Odds via BetOnline)
Online March Madness Gambling
Online sports gambling in the Philippines is available with offshore sites like BetOnline, MyBookie, or Xbet. These sites offer quality odds to Philippine players and bonus funds for new and returning accounts.
In addition to bonus funds and promotions, offshore sports wagering sites accept a vast range of currency options, including USD, bitcoin, altcoins, wire transfers, and more. To make things even better, all the sites I have listed above and that we feature in our guides offer casino games and other betting options under the same account.