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Legal College Basketball Betting

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Like it’s NCAA football counterpart, college basketball is a hugely popular enterprise. Whether it’s the ability to watch future NBA prospects, support your alma mater, or to personal enjoyment, NCAAB draws hoards of fans every year.

College basketball is also a sport favored by sports bettors around the world. With the annual NCAAM March Madness tournament, sportsbooks offer betting odds for future champions year-round. This availability makes college basketball one of the best leagues for wagers, whether it’s for casual gamblers or professional sports bettors.

This guide will introduce you to important information about NCAAB betting, information on how to bet, key words and phrases to familiarize yourself with, and essential dates for the rest of the season.

Is it legal to bet on college basketball in 2020?

With the growing accessibility of sports betting in the United States, there are two main options:

  • state-regulated domestic betting
  • online, offshore sites.

After the repeal of the Professional and Amateur Sports Protection Act in 2018, many states now allow state-licensed sports betting within their jurisdiction. If your state does not offer such a service, there is also the option of using online sportsbooks licensed offshore. The best online betting sites that are operating legally within the industry can be found below.

Best NCAAB betting sites

 Site NameCurrent BonusU.S.Visit Site
Top Rated #1 IconBovada Sportsbook50% Max $250USA Players Legally AcceptedVisit Site
2MyBookie Sportsbook100% Max $1,000USA Players Legally AcceptedVisit Site
3Betonline Sportsbook50% Max $1,000USA Players Legally AcceptedVisit Site
4xbet logo100% Max $300USA Players Legally AcceptedVisit Site

College basketball betting odds: Who will be the 2020 NCAAM national champions?

After winning the NCAA men's basketball championship in 2019, the Virginia Cavaliers have +1000 odds to repeat in 2020. Ahead of Virginia are three other blue-chip programs hoping to add to their collection of championship trophies this season.

The 2020 favorite, the Michigan State Spartans, top the odds with +650 chances. The Kentucky Wildcats have the second-best odds at +750 followed by Duke at +850.

2020 College Basketball Championship odds

NCAAB March Madness 2020

Founded in 1939, the NCAA Division I Men's Basketball Tournament, also known as NCAA March Madness, has become one of the most popular annual sporting events in the United States. Betting on the March Madness tournament has become one of the most exciting times of the year for avid sports bettors.

As a single-elimination tournament with 68 teams from four regions, (East, South, Midwest, and West), the winner of each subsequently plays in the Final Four. This season’s NCAAB Final Four begins April 4 with the championship game played on April 6.

Key terms for college basketball betting lines and odds

Sometimes successful betting can come down to understanding the options and the terminology. The breakdown below lists the most common types of bets for college basketball, including spreads, futures, and more.

  • Point spread: This number represents the number of points the favorite needs to win by in order to “cover the spread.” For example, a wager on Kentucky -12 means that the Wildcats need to win by 13 or more points to cover the spread for the bet to win.
  • Money line: In this type of bet, teams are not required to cover a designated point spread. Instead, the odds represent the amount of risk involved with both sides. (ex. UCLA -250, USC +150 means that UCLA is the favorite and a $250 bet would pay $100 regardless of how much they win by.)
  • Totals (over/under): This bet is to predict the total number of points scored by one or both teams. A wager can be placed on the final scores being over and under the set amount. (ex. FSU vs. UNC 167.5; the bet can be made if the teams will score 167 or less, or over 168.)
  • Prop bet: These bets are usually for things that could happen in a game, such as the number of three-pointers made or if a coach will be ejected.
  • Line/in-play: With the evolution of sports betting, live bets allow wagers to be placed while the game is playing. (ex. Georgia leading by 2 at halftime, +125)
  • Parlay: To earn a larger payout, bets can be strung together in a parlay. However, all bets must be won to receive the winnings.
  • Future: These bets are reserved for future scenarios, such as the championship winner or which conference will have the most teams in the postseason tournament.

Important dates for NCAAB 2019-2020

For the NCAA men’s basketball regular season, there are only two important dates to remember: the start of the season and the end. However, the key dates start popping up in mid-March for the annual March Madness postseason tournament. Starting on March 17, the NCAAM tourney lasts until the April 6 championship game.

Regular season dates

  • November 5: Season begins
  • March 8: Season ends

March Madness dates

  • March 15: Selection Sunday
  • March 17-18: First Four - (canceled)
  • March 19-22: 1st and 2nd Rounds - (canceled)
  • March 26-29: Midwest, West, South, and East Regionals -(canceled)
  • April 4 & 6: Final Four -(canceled)

College basketball resources

The following links add some valuable sources of information regarding the NCAA, college basketball, March Madness, and NCAAM stats to help with informed betting practices.