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March Madness Basketball Parlay Odds

Another terrific way to bet NCAA basketball, is to parlay several March Madness basketball games together in a single betting spead. If all the teams on your sports bets end up victorious, you stand to win a substantial amount of money even if you only stake a tiny wager in the first place.

A basketball parlay bet consists of picking 2 to 15 teams or totals and putting them together into a single sports bet. All teams must win by the listed point spread or total, if even one of the picks loses, the entire basketball bet is a loss. In a parlay you can combine any sport as long as it is not a circled game. You can place as many underdogs as you wish.

In the case of a "No Action" or a "Tie," the Parlay is reduced to the next lowest number parlay, example: a 3parlay becomes a 2parlay, a 2parlay becomes a straight bet (Less the Juice).

The payoff on a parlay is determined by the number of teams and can be changed if any team in the parlay has a moneyline. Circled games cannot be parlayed. Proposition plays, and future bets cannot be parlayed.

March Madness Basketball Sports Betting Guide

March Madness Parlay Betting

Sweet Sixteen Over/Under Betting Line

Elite Eight Teaser Betting

Final Four Straight Bets

Each season we provide our readers with a printable march madness brackets and will continue to archive this information. Our 2008 Printable March Madness Bracket will be updated after each round so be sure to book mark this page and stop back to print out the updated copy. Enjoy the Tournaments!

Every March, the sporting world's attention turns to college basketball. In Las Vegas, March Madness is second only to the Super Bowl in attracting attention to the casino's sportsbooks. And the Super Bowl is only for one day, March Madness lasts weeks.

March Madness Bracket Tips

Whether you make a habit of betting on March Madness or you are a casual college basketball fan who likes to fill out NCAA basketball brackets, there are a few things you should know.

First, you'll want to find out what teams are hot. Finding an underrated team and riding its hot streak can win a college basketball bracket. In 2005, fourth-seeded Louisville made it all the way to the Final Four. They also made anyone who picked them in their March Madness bracket look pretty smart. Along the way, Louisville knocked off top-seeded Washington and seventh-seeded West Virginia. In contrast, whoever picked second-seed Wake Forest or third-seed Gonzaga in Louisville's draw saw their bracket bust early.

Thirty teams qualify automatically by winning their conference tournaments (or regular season, as the case is with the Ivy League, which does not hold a conference tournament). That leaves 35 teams that receive at-large bids.

Most of the bids come from the following major conferences: the ACC, Big East, Big Ten, Big 12, EC, and Pac-10. Remember that when comparing the records of teams from major conferences to records of teams from weaker conferences that the teams from major conferences have to play a much tougher schedule. For example, Duke from the ACC must play teams like N.C. State, North Carolina, Virginia, Miami, Florida State and Maryland in the regular season. In fact, they must play them twice, and some a third time during the conference tournament.

One of the best ways to value a team before you fill out your March Madness bracket is with the Ratings Percentage Index, or RPI. The weights are 25% winning percentage, 50% strength of schedule, and 25% opponents' strength of schedule.Of course, whether you agree with the weightings or not might determine how you fill out your NCAA basketball brackets. Remember that a team with a very good winning percentage but a weak strength of schedule will be punished in the RPI ratings. But in playing those difficult games, those teams may have acquired the mettle it takes to be bracket busters. And you should pay attention to that fact.

Now that you are little more educated on March Madness Brackets Visit one of our sponsors and get free 2008 Printable March Madness Brackets.

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NCAA Basketball Betting Terms
 

Straight Bet

A bet on a single result or outcome.

PARLAY

A bet on 2 or more teams or outcomes where all selections must be correct for the bet to win.

OVER/UNDER

A bet on whether the combined total of the points scored by the two teams will exceed or be less than a specified number given.

TEASERS

A teaser is a group of straight bets or totals combined into one bet. On the teaser line you bet against for each individual wager is moved to your favor by the number of points of the teaser that can be from 4-9 points.

LINES

Odds

POINTSPREAD

The handicap given by the favorite to the underdog for betting purposes.

FUTURES

Bets placed on an event or outcome taking place some time in the future, e.g. betting during the season on the NBA finals winner.

MONEY LINE

The amount you must bet to win 100 or the amount you win if you bet 100.

TOTAL

(see Over/Under)
PICK
A game where no team or betting option is favorite.

PUSH

A game which, with the pointspread, is tied or when the combined scores of the two teams ties the total.

SPREAD

An abbreviated form of pointspread.