Betting on March Madness

12 March 2012 | By:

March Madness begins this week, with college basketball’s annual tournament to determine a national champion taking its place as one of the most wagered-on sporting events each and every year.

Aside from legal gambling in sportsbooks in Las Vegas, an estimated $2.5 billion in illegal bets will be made on March Madness in the US — not to mention as estimated $1 billion lost due to wages paid to distracted workers who are more focused on following NCAA games online instead of working.

A survey from MSN said 86% of employees will spend time during working hours following the March Madness action, while more than half of workers said they would devote at least an hour to watching games during the first two days, with 6% of employees taking time off work.

Office pools are the most common March Madness bet, ranging from casual work pools where co-workers each kick in a few bucks to highly competitive pools with entry fees of thousands of dollars.

Sportsbooks in Las Vegas posted their odds Monday following Sunday’s announcement of the brackets, with Kentucky the odds-on favorite to take the title. The NFL Super Bowl is the most profitable event each year for sportsbooks but March Madness is a close second, with many gamblers making the trip to Las Vegas each year in March just to be able to bet on games.

Betting at online sportsbooks will also be very popular, with more and more gamblers around the world going online to place their wagers on basketball, football, and other sports throughout the year. Online sportsbooks offer a wide range of bets for March Madness, including live in-game betting as well as dozens of different prop bets and other wagers that can only be found online.

March Madness bracket pools and fantasy games are also very popular, with some free contests offering a million dollar payday in the unlikely event that a contestant is able to correctly pick the outcome of every single March Madness game. 

More Casino News

  • “All In” Poker Movie Hits the Theaters

    24 March 2012

    The new poker movie “All In’ hit movie theaters last week, with the film taking a close look at not just the booming poker industry in the US but also

    Read More

  • Top 5 Budget Gambling Getaways

    21 March 2012

    Gambling fans have plenty of options when it comes to not just enjoying their favorite casino games but also taking advantage of promotions and deals

    Read More

  • New Jersey Online Gambling Bill Encounters Roadblock

    19 March 2012

    Some analysts had pegged New Jersey as the likely first US state to pass a bill allowing for legal intra-state online gambling for residents but the c

    Read More

  • Atlantic City Casino Slump Continues

    09 March 2012

    Atlantic City casinos are still struggling to find any glimmers of hope as monthly revenues slid once again in February, dipping nearly 6% compared to

    Read More

  • Casino Tropez Gets a Makeover and a New Bonus Offer

    06 March 2012

    Casino Tropez is one of the older online casinos around — established in 2001 — and it’s getting a complete redesign and new look and feel as well a

    Read More

  • Epic Poker League Parent Files for Bankruptcy

    02 March 2012

    The parent company for the Epic Poker League has filed for bankruptcy, with the new fledgling attempt to create a professional league for poker player

    Read More

Subscribe to our news

Champs League Betting 100% Bonus

The UEFA Champions League quarter finals commence next Tuesday and Wednesday, and you can place a bet at online sportsbook bet365 and receive a 100% Euro Soccer Bonus on top of your wager.

100% Euro Soccer Bonus

Bet365‘s amazing 100% Euro Soccer Bonus applies to the Champions League and all of Europe’s top domestic leagues. Just place a pre-match accumulator bet on three or more games in the Champs League, English Premier League, Italian Serie A, Spanish Primera Liga or German Bundesliga, and you will receive the bonus on top of any winnings.

This is the best way of increasing your returns when placing a winning accumulator. The more selection you place, the larger the winning bonus will be. The maximum 100% bonus is awarded for a successful 14-fold bet. And remember, you can spread the games between each of these leagues – including the Champions League quarters, semis and final.

Bet365 Odds

Bet365 Sports is offering plenty of different wager options on the quarter-finals, including head-to-head, Asian handicap, number of goals scored by individual teams and in 90-minute matches, no-draw betting and a whole heap more. With so much money coming in for this round, the odds are sure to change right up until the moment the ref blows his whistle.

In head-to-hear betting, bet365 is offering the following odds for next week’s first-leg fixtures: Apoel Nicosia, 11/1 vs Real Madrid, 1/4, draw 9/2; Benfica, 6/4 vs Chelsea, 9/5, draw 11/5; AC Milan, 4/1 vs Barcelona, 4/6, draw 14/5; and Olympique Marseille, 3/1 vs Bayern Munich, 10/1, draw 12/5.

Big Season of Formula One Betting Begins

The long-awaited Formula One 2012 season is about to begin, as the world’s best drivers get ready to race each other this Sunday in the Qantas Australian Grand Prix at Melbourne’s Albert Park circuit.

Can Hamilton beat Vettel?

The big question on everyone’s lips this year is whether Lewis Hamilton can recovered from his disappointing 2011, in which he finished 165 points behind eventual winner Sebastien Vettel and 43 points behind British compatriot and Vodafone McLaren Mercedes teammate Jenson Button.

Hamilton’s struggles are once again being talked about as an extension of his private life, but nonetheless the online sportsbooks and punters seem to think he could be a bit more settled this season, and are predicting that he will really challenge Vettel for this year’s Drivers Championship.

Online Bookmakers’ Odds

All the big online sportsbooks are offering odds on individual races, the drivers championship and other options. William Hill Online, Sports Interaction, 888sports and bet365 are just a few of the internet betting agencies punters can look to for Formula One betting.

William Hill’s odds for the Drivers Championship are currently as follows: Vettel, 10/11, Hamilton, 6/1, Button, Fernando Alonso, 8/1, Mark Webber, 16/1, Kimi Raikkonen, 20/1, Nico Rosberg, 25/1, Michael Schumacher, 28/1, BAR, 100/1.

For the Australian Grand Prix, Vettel is 11/8, followed by Hamilton, 5/1, Button and hometown favourite Webber, 7/1, Alonso, 9/1, and Kimi Raikkonen, 18/1.

Amongst other specials, William Hill is also offering 10/1 odds that Hamilton will receive a drive-through penalty during the Australian GP, and has odds on a Hamilton/Button season match bet: Hamilton 4/6, leads Button, 11/10.

Hills is also offering bets on the Constructors Championship, how many pole positions each driver will achieve during the year, the winning nationality of drivers for the season and for individual races, fastest qualifier, and other combination wagers.

Champions League Quarter-Final Betting Begins

The UEFA Champions League is now a competition between Europe’s eight best football teams, and the beginning of the quarter-finals means the start of a betting bonanza for online punters.

Barcelona the Team to Beat

Although the draw is still to be announced, Spanish powerhouses Barcelona and Real Madrid appear to be the teams to beat. Reigning champs Barca have qualified with ease for the quarters, scoring 10 goals in their past two games, while arch-rivals Real also had no problems progressing to the next stage.

German giant Bayern Munich will pose the largest threat to Spanish domination, while Chelsea are amazingly the only English representative in the final eight despite a horror domestic season which has them sitting a distant fifth in the English Premier League standings.

Online Sportsbook Odds

William Hill and other internet betting agencies seem to think the quarter-final is the most likely exit point for Chelsea, although of course everything depends on who they are drawn to play against. Hill is offering evens on Chelsea exiting in the quarters, 7/4 on the semis, 11/2 on runner-up and 8/1 on winner.

In Champions League outright betting, the odds are as follows: Barcelona, evens, Real Madrid, 5/2, Bayern Munich, 6/1, Chelsea, 8/1, AC Milan, 12/1, Benfica, 40/1, Olympique Marseille, 66/1, and Cyrpriot surprise packet APOEL Nicosia, who are an unlikely 100/1 odds to lift the trophy.

On line Sports Bets

Sports betting on the web, or what lots of people simply call as “online sports betting”, is enjoyed by huge numbers of people around the globe. Sports betting even became portion of their own lives that many of them bet to the max every single day and each night, placing bucks just as much as they can afford. But, thats a different story though. Thats addiction in one sense or another. But still people see online sports betting as one of the greatest pastimes available, for various reasons.

Lets take a look at the reasons that people from different areas in the world are hooked on online sports betting.

To begin with, many bettors or gamblers believe that online sports betting can save you a lot of time. Well, this is obvious as with betting on sports online, you don’t need to go to a local bookmaker or drive to Las Vegas merely to place a bet for your favorite sporting team. With the available sports books over the internet, you can easily and quickly place a bet at any time of the day and night even at the comfort of your own house. So for instance you might be tired after a days work, but would like to bet for your favorite sports, all you have to do will be to open your computer, log on to the chosen sports books and bet on your sports without leaving your house.

Another reason that countless people prefer online sports betting compared to Las Vegas betting or betting from your local bookie is that a lot of them realize that putting a bet on their favorite sports team over the internet greatly enhances their enjoyment. This often happens when betting offline since it enhances your enjoyment in watching the game or listening to it on the radio.

The real difference lies on the reality that if you are in Vegas sports book, you will be able to view the experience over a big screen, broadcasting the numerous college and pro games being played throughout the country. In Las Vegas sports book, you will additionally be able to understand the scoring updates on the progress of the games on which you are taking action. On the other hand, for online sports betting, you can enjoy the game and even the entire action in the comfort of your own house. You can place your bets online or by phone. You can even receive live updated sports lines and odds for each and every game you are betting on. Its straight forward and instant.

Lastly, many bettors feel that online sports betting gives them better chances of winning. Perhaps this is for the idea that when you bet online, with a range of online sports books, you get the full idea of what the best lines and odds are.

As promisedd earlier, HERE is the best bookmaker in Europe.

In addition, you understand what factors that may affect the outcome of the game, supplying you with a hint of what to bet and exactly how much. However, in today’s competitive high tech world where many hundreds of online sports betting sites are emerging, finding the best bookie can be tough. The best thing that you can do should be to look at the info at

Sports Betting Odds

Thousands of people anywhere in the world bet on sports for a number of reasons.  Many of these do sports betting for entertainment, while others bet on their favorite teams for money.  Well, it doesn’t matter what their reason is, it is essential to keep in mind that betting on sports without proper comprehension of the sport as well as its odds is suicidal.

In just about every sports betting game, checking out the sports betting odds is a really crucial move to take.  After all, sport betting odds is considered the most common method of betting in the world, and it basically involves predicting whether an outcome may occur or otherwise.  So, to consider odds betting, you need to place your bet at certain odds which relate instantly to the percentage probability that the predicted outcome will happen.  Many experts have said that the fewer the sports betting odds, a lot more likely it is that this outcome could happen.  Its no wonder then that this outcome with the lowest odds is regarded as the favorite.

Who makes all the sports betting odds?  How the sports betting odds are made?

You may have heard about the odds makers.  Basically, in sports betting, you will find odds makers are the ones taking into account every possible thing which may impact the outcome of a particular event or game.  The sports betting odds are then identified by the odds makers by way of considering several factors with the game, such as the quality of the teams or participants, the injuries, edge to win, weather and condition of the field, place of the big event, match-up history, plus much more.  

When all of those factors are considered and ever detail is provided close attention, the maker of the sports betting odds usually form a number that will be acceptable to both sides in the bet.  To put it simply, the number is considered based on its quality to draw enough attention on every side of the bet.    So, if for example, the majority of the bets fall in one particular side of the bet, the initial number chosen by the sports betting odds number was perhaps not a good one.   This is where actually the sportbooks come in to adjust the line down or up so to persuade folks to try and bet on the other side.

The sports betting odds are also determined by the odds makers by looking at the day to day specifics of the event or game.   The details is then used to adjust spreads as the season progresses.  Also, the essential digits are calculated and analyzed before season of the game starts.   Additionally, it is the task of the sports betting odds makers to consider the seasons numbers of the earlier events, including the off-season moves and transactions, health of the players, changes on coaching, and other necessary information.  

These factors are then used together through a series of special formulas as a way to form exactly what the people commonly call as “power rankings”.  The power ranking of every sports betting is usually changed or adjusted based on its overall performance.  And, the resulting number is employed to help determine the spread.

One main fact to note with regards to the makers of sports betting odds is that they will never actually tell you that their job just isn’t to calculate a result of the event.  They rather divide the public as who it thinks will win.  So, before you consider betting on sports, try to do a little research on the sportsbooks you bet at, and check the odds.

Largest Online Sports Betting Portals

Sports betting continues to be one of the fastest growing gambling industry today. The appreciation so as the buzz of sports betting is enduring and was intensified with the introduction of the internet, which brought out several new opportunities for gamblers. Well, in the modern highly technological world, numerous sports books or bookmakers are operating online, accepting wagers from bettors all over the world. Many of them are claiming to be the biggest online sports betting sites, but only few have succeeded in drawing the interest of bettors from different areas on the globe.

So if you havent experienced yet the way it feels to be betting on sports on the internet and if you’re searching for the largest online sports betting firms that may offer you the opportunity to bet on your favorite team safely and simply, then do not worry because Im here to help you find them. I have actually stressed below three of the largest online sports betting sites that you might want to consider. Here they are: has long been regarded as among the largest online sports betting sites since the year 1996. One of the reasons that has been deemed as such is because they offer bettors the possibility of betting on a great choice of sports alongside some fantastic promotions and great deals. Aside from this, offers one of the largest online sports betting services together with a huge selection of global sports and fantastic betting odds. They use the very most advanced technology and software to ensure that all of their customers obtain the highest levels of security and absolute privacy when they bet on sports with them. Whats more, this one of the largest online sports betting sites provides the finest in customer service. So if you’ve got questions in your mind relating to the site or the betting services they offer, dont hesitate to ask help from their customer help staff for they could be glad to reply to your online betting queries.

The Greek Sports Book – at is considered as one of the largest online sports betting sites by players all over the world simply because they offer the largest selection of sports betting options for the sports betting junkies. Also, as among the largest online sports betting sites available, The Greek Sports Book gives you the fastest withdrawals in the industry. The payouts are usually processed within 24 hours and you are therefore certain to receive your winnings as soon as possible. And, much like the, this largest online sports betting site provides you the high degree of customer service using their more than 200 professional staff.

Finally, is here to give you one of the largest online sports betting services available for the bettors. This site is is a bookmaker, and as such they provide you with the best in sports betting from all around the globe. They can cover the top leagues and events, making truly one of the largest online sports betting sites that are actively operating on the internet. And, regardless if you are a sports bettor or simply just like to have a bet on a major sporting event, you can check the most recent odds and lines to get the best bets available just HERE