March Madness Betting Arizona

March Madness is one of the most exciting times for online bettors in Arizona. With 68 Division 1 NCAA college basketball teams competing in the tournament, there are plenty of opportunities to make a profit. We will also share the best AZ sportsbooks for March Madness online betting and how to sign up for them. We’ve got you covered when it comes to college hoops. Let’s get started.

Best betting guide March Madness AZ

We cover all you need to know about betting on March Madness on this sports betting site, from Selection Sunday to the championship game and everything in between.

For example, our Arizona online betting guide provides you with March Madness betting basics, the different types of NCAA basketball wagers, and we even answer the most frequently asked questions when it comes to this intense tournament.

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Best March Madness betting site AZ

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We’ve covered how to read odds and discussed some of the most popular bets you will see when betting on March Madness site in Arizona. That leads us to the following questions:

What are the best March madness sportsbooks in Arizona for March Madness betting? How do you create an account and begin placing bets?

First of all, there isn’t just one March madness sportsbook that’s the absolute best in Arizona, per se. There are some great March madness sportsbooks in the Grand Canyon state, all specializing in different areas. For example, one sportsbook might have the best sign-on bonus while another offers incredible money line odds.

We are trying to make you sign up for multiple Arizona March Madness sportsbooks to take advantage of all of the bonuses and promotions and ultimately maximize your profit by shopping the lines. Of course, choosing the sportsbook with the best odds means you make more money.

Now that we’ve gotten that out of the way, we can talk about the best sportsbooks in Arizona for betting on March Madness.

Fanduel AZ March Madness betting online

FanDuel AZ is one of the biggest names in the world of online sports betting and offers impressive odds when it comes to March Madness betting.

With FanDuel, you get up to $1,000 back if your first bet loses, so you rest easy when placing that first wager on college hoops.

BetMGM Arizona March Madness best

Does the name BetMGM sound familiar? Probably, since you’ve likely heard of MGM Grand or Bellagio, both owned by MGM Resorts International. Well, BetMGM is the world-renowned entertainment and hotel company’s online sportsbook.

BetMGM offers above-average money line odds during March Madness and has plenty of other wagers to choose from.

And if you think you have the perfect bracket, you can cash in big-time with BetMGM’s bracket challenges.

Plus, your first bet is risk-free up to $600, so you can place that first wager with confidence.

DraftKings AZ betting on March Madness

DraftKing is known for offering massive odds, and regular odds boosts during March Madness, so you want to get in on the action by signing up with this well-established name in online sports betting.

DraftKings also has some insane bracket contests that keep your blood pumping with excitement during March Madness (as if it’s not exciting enough, to begin with)

DraftKings will match your first deposit up to $1,000. Your first bet (minimum of $5) is risk-free, so if it loses, you get your money back in site credit.

William Hill AZ March Madness betting

William Hill is a leader in the online sports industry, with tons of March Madness betting options.

You get a $5,000 risk-free bet when you take advantage of William Hill’s deposit offer. So if you lose your wager when betting on the Sweet Sixteen, you get a refund in site credit of up to $5,000. That’s huge.

Caesars Sports Arizona March Madness bet

Caesars Sports is a reputable online sportsbook in Arizona with a mobile app that’s easy to navigate. Like William Hill, Caesars Sports also offers a risk-free first bet of up to $5,000.

Bally Bet AZ online betting on March Madness

Bally Bet is the sportsbook behind the iconic Bally brand, so you know you are signing up with an experienced, reputable oddsmaker.

With Bally Bet, your first wager is risk-free up to $550, so if you lose, you will receive the amount bet back in site credit.

WynnBET Sportsbook AZ March Madness betting

WynnBET has fair odds, excellent customer service, and has an interface that is easy to navigate. In addition, WynnBET offers a $500 risk-free bet after you make your first deposit.

Unibet in Arizona March Madness betting

Unibet offers a $600 risk-free first bet, so make sure to take advantage of that when placing your first wager on the ultimate in college basketball – March Madness.

March Madness sportsbooks Arizona

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Before we get into the nitty-gritty of March Madness sportsbooks Arizona, let’s first take a look at some of the basics that you need to know when betting on NCAA basketball Arizona event betting.

How does March Madness work in general?

The NCAA men’s basketball March Madness tournament consists of 68 teams. Here’s the breakdown of how March Madness works:

  • Selection Sunday: The excitement begins on Selection Sunday when the Selection Committee ranks the college teams 1-68.
  • First Four: The eight lowest-seeded at-large and automatic qualifying teams play each other the week following Selection Sunday. After four teams are eliminated, that leaves 64 teams. They are split up to make four regions of 16 teams. Each team is seeded/ranked 1-16.
  • First round: In the first round, 64 teams play 32 games over one week. The first round is also referred to as the “Round of 64”.
  • Second round: The 32 winners from Thursday and Friday’s games play Saturday and Sunday in the second round. There are eight games each day. The second round is also referred to as the “Round of 32”.
  • Sweet 16: This is the third round of the tournament. There are 16 teams left after the second round, thus the name “Sweet Sixteen,” who play Thursday and Friday after the second round.
  • Elite Eight: The Elite Eight is the fourth round of the tournament and is each region’s final game. The Elite Eight play Saturday and Sunday after the Sweet Sixteen compete.
  • Final Four: The Final Four consists of the winners from each region. It’s the fifth round of the tournament and takes place the weekend after the Elite Eight.
  • NCAA championship game: In the final round of the NCAA March Madness tournament, the two teams left leave it all on the court in hopes of winning the whole thing.

How do March Madness odds work?

Before you place your first bet in Arizona, you need to understand how odds work and how to read them. So, how do March Madness sportsbooks AZ come up with odds? Online betting sites carefully factor in a player or team’s statistics.

But they also look at who the clear winner might be and then adjust the odds accordingly. The goal of the sportsbook is to keep the action even on both sides of the bet. We’ll get more into that later, though.

If you know how to read the odds set by a sportsbook, you know who the favorite is

Let’s look at an example. Say a sportsbook in Arizona posted the following odds

University of Arizona Wildcats (-220)

Arizona State Sun Devils (+195)

Wait a minute, though – what do the positive (+) and negative (-) symbols mean?

Favorites versus the underdogs: what do the positive (+) and negative (-) symbols mean?

The underdog will always have a negative (-) symbol, while the favorite will have a positive (+) sign next to it.

In this case, the Wildcats are the favorite, and the Sun Devils are the underdog, which is essential information. Of course, you know who will likely win the game, but sportsbooks will adjust the odds so that it’s tempting to bet on the underdog.

The odds look like this so that the Arizona March Madness sportsbook can profit no matter the basketball game’s outcome. Remember that the goal of every sportsbook is to make sure that the action is equal on both sides.

Odds and payouts: What do the numbers shown in the odds mean when it comes to payouts?

Ok, so now that you get who is the favorite and the underdog, it’s time to examine the numbers and what they mean for your wallet.

Let’s look at our example again.

University of Arizona Wildcats (-220)

Arizona State Sun Devils (+195)

You can bet whatever amount you want as long as it meets the AZ sportsbook’s requirements. For our purposes, though, let’s say that you have $100 to bet on either the Wildcats or Sun Devils. Here’s how it might play out:

  • Scenario 1: You bet $100 on the Wildcats and win. You make a profit of $45.45.
  • Scenario 2: You bet $100 on the Sun Devils and win. You make a profit of $195.00.

As you can see, there’s a higher risk when betting on the underdog (the Sun Devils), but the payout is much, much higher. So you have to weigh the pros and cons of going with either the favorite or the underdog.

Do your homework and make sure you understand the risks involved, and then submit your bet slip.

Types of March Madness wagers

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Now that you understand how March Madness odds work, it’s time to get into the specifics when it comes to the types of wagers offered by Arizona sportsbooks. This section will look at the most common types of basketball NCAA March Madness Wagers you will find across most Arizona sports betting sites.

Point spread betting

AZ March Madness Sportsbooks keep things interesting with point spread wagers. Because basketball is such a high-scoring game, with statistics sometimes pointing towards a clear winner, there’s the point spread. Instead of choosing an outright winner, you are betting on how much a team will win or lose by.

An oddsmaker will give the advantage to the underdog, not the favorite. The reason for this is to keep the lines balanced. So, a point spread in a March Madness game will look something like this example:

Arizona Wildcats -9.5

UCLA Bruins +9.5

The Wildcats would need to win by 10 points or more to cover the spread. For the Bruins to cover, they must lose by nine points or less or simply win the game outright.

Money line betting in Arizona

When you bet the money line, you predict the winner of a specific game or the entire March Madness tournament.

The odds reflect any inconsistencies between two NCAA basketball teams. For example, a sportsbook will post the odds for the favorite as -130 and the underdog as +150.

  • Bet $100 on the favorite; you profit $76.92.
  • Bet $100 on the underdog; you profit $150.00.

Over/under (totals) betting

When you are placing an over/under (totals) bet on a March Madness game, you are predicting whether or not a number specified by a sportsbook will be over or under the final combined score between the two teams. For example, a March Madness sportsbook in Arizona may post over/under odds that look similar to the following example:

Arizona Wildcats vs. Oregon Ducks

Over 140

Under 140

You, as the bettor, must predict whether or not the final combined score will be over or under 140. If you believe the total score will be higher than 140, you will bet over. If you think the total score will add up to less than 140, you will bet under.

Futures online betting AZ

When you place a futures bet, you are in it for the long-term. Futures wagers are all about what’s going to happen in the near or even distant future. Maybe you are looking at what might happen during the first round of March Madness, or perhaps you predict who will win the NCAA national championship.

We suggest you invest in a crystal ball when placing a futures bet. Just kidding, of course, but you should be well-versed in the player or team’s stats when making a call well before the first tip-off.

That said, you can expect to see a sportsbook to list the NCAA Division 1 men’s college basketball teams with the following odds:

Gonzaga +600

Villanova +650

Duke +700

Stanford +750

Kansas +900

Indiana +1000

Xavier +1200

Baylor +1400

Purdue +1800

Arizona +2000

Michigan State +2000

Virginia Tech +4000

The sportsbook predicts that Gonzaga (+600) will take the NCAA basketball tournament, winning it all. Virginia Tech (+4000), however, doesn’t seem to have a chance.

Props Betting in AZ

Prop, or proposition, bets are some of the most creative, innovative, and exciting bets you will come across when it comes to March Madness. Sportsbooks in Arizona keep it interesting with prop bets, ranging from how many assists a player will have to whether or not the game will go into overtime.

A prop bet has nothing to do with who wins it all. Instead, a prop bet is all about a specific action that many take place during the tournament.

Parlay bets

A parlay bet is when you combine wagers onto one betting slip. For example, you could add Over for Arizona vs. Arizona State, Gonzaga SU, and UCLA ATS. To win a parlay bet, you must win all of the bets you pick. It can be tricky, but the payday can be pretty rewarding.

Live betting in Arizona

You can bet on all of the March Madness action as it unfolds with live betting. It’s an exhilarating experience that requires you to pay close attention so that you can take advantage of live odds.

Signing up for a sportsbook in Arizona

While the specifics for creating an account may vary from sportsbook to sportsbook, they are generally similar and pretty straightforward.

The steps for creating an AZ sportsbook account will look something like this:

  • Step 1: Enter your personal information, such as your name, address, last four digits of your social security number.
  • Step 2: Create a username and password.
  • Step 3: Verify your identity by uploading a government-issued ID and provide proof of your address by submitting a document such as a utility bill.

That’s all there is when signing up with an AZ oddsmaker. But, of course, before you place your first March Madness bet, you will need to deposit money into your account. Depending on the sportsbook, you can use a major credit or debit card, ACH, or Paypal to make a deposit.

FAQs: Betting on March Madness in Arizona

What are my odds of filling out a perfect NCAA bracket?

We have put together some of the most frequent questions we get regarding betting on March Madness online in Arizona.

Is it legal to bet on March Madness in Arizona?

According to the NCAA, the odds of you filling out a perfect bracket are 1 in 9.2 quintillions. Not bad, right? Well, maybe, but there are plenty of other ways to make a buck during March Madness.

What is the best bet for making money when betting on March Madness in Arizona?

Make sure to study up stats, compare odds, look at coaching history, and research March Madness in general, and you will have a great chance at making a profit when betting online.