March Madness is the greatest betting time during the calendar year. We have tons of college basketball games to bet over five weekends. Two of the weekends are dedicated to the conference championships and the NCAA selection show.
The other three weekends are for the NCAA Tournament, which is the most exciting part of the month. Millions of people lock in March Madness bets because of the excitement of the month. The goal of sports betting is to win money. Although, there are no guarantees when it comes to winning bets.
You can do many things during March Madness to set yourself up for success. If you are new to March Madness betting or have struggled to win as of late, you have come to the right place. Here are some tips for profiting during March Madness.
This may sound wrong, but the way to win money is to limit your spending and manage your bankroll. Everyone has different financial means when sports betting, and this is something you need to know before placing a wager.
Bankroll management is critical when placing March Madness bets and all wagers in general. You should decide how much you are willing to spend for a certain amount of time on sports betting.
Most people allow a certain amount of funds for a given day or week. The time period does not matter, but if you lose the sum of money, you should walk away and live to bet another day. The money that you allot for sports betting should be viewed as entertainment.
If you designate money for March Madness betting, you should expect to lose this money. The goal is to win, but never place bets thinking you will make your money back and then some. This is not how it works.
You will limit your losses by managing your bankroll because it prevents you from chasing bets. Let’s get into this tip because its critical for winning on March Madness.
Never Chase Losses
You should never chase losses in sports betting, especially when it comes to March Madness. Everything is heightened during March Madness because there are 67 games over the course of three months.
You should never chase your losses in sports betting because you make bad decisions. When you chase losses, you are not in a good headspace. You are typically trying to win back your losses and then some. There are never good decisions made when this occurs.
If you set a bankroll and go over your allotted amount, you should give up and bet on games again when your head is clear.
In March Madness, there are typically a lot of mismatches. This is especially true in the first weekend of the NCAA Tournament. This is when the high seeds battle the low seeds, and spreads are upwards of 20 points.
The best thing to enhance winning is to place live bets in the first few minutes of the game. For example, if a one seed goes down by ten, their spread may drop from -15 to -6.
Once the team gets going, they will produce most of the time. This makes -6 more of a lock than -15 because it closes the spread. This is the case for the money line, spread, and total.
The one thing to remember with live betting is that you must be watching the game. Checking out the ESPN stat sheet on the app does not equate to winning live bets. You cannot get the flow of the pace, which is critical for winning bets.
This is another thing you should keep in mind when betting. Do not try to bet on too much during the NCAA Tournament. You should pick the games where there is value and watch these contests. Do not bet on the entire bracket thinking you are going to win.
You must do your research and bet accordingly. Best of luck betting on March Madness!