How to avoid NCAA Tournament prop betting mistakes
Updated 3/14/2016– Read to kick off March Madness? Listen live on the air to legend Jon Price as he delivers his winning predictions and picks. Perhaps there is nothing more exciting than betting on the annual Men’s NCAA Tournament, than partaking in a few side prop bets along the way.
Every year sports books find creative ways to expand their prop bet opportunities, which can be both fun and profitable. However, as the options increase, so too do the costly mistakes that can derail a college basketball handicappers chance at making money over the long term, only to bust their bankroll and their brackets.
With that we have put together a few helpful tips to assist basketball bettors in making good decisions when betting on NCAA
Tournament props and knowing how to read the different betting odds
First, college basketball handicappers need to avoid betting the sucker bets. These are the ones like how many a times something is said by the announcers, or how many times someone is shown on television during a game. The odds on these are impossible and there is no skill in trying to figure these types of bets out. So, it shouldn’t be hard to figure out that the sportsbooks have a massive edge with these bets.
Next, bettors need to abstain from betting with emotion and limit their risks.
Sure, the overall sensation and the highs and lows are a big part of what makes the Tournament so much fun every year, as fans cheer on the teams they love, and jeer the ones they despise. And while that’s all fine for those on the sidelines, for handicappers it can compel them to place bets that don’t make sense, increasing the risk involved in pursuing it.
With so many variables, so many potential pairings and so much excitement, even the best college basketball handicappers can often get sucked in and struggle to get a clear sense of what might happen during the tournament each year. So, if the risk involved for a prop bet is more than the potential payoff, handicappers need to learn to say no. If not, they could be in danger of betting too many props, which often don’t offer as much value as other types of bets.
This pitfall can easily be avoided by following the rules above.
Finally, every experienced college basketball handicapper should know better than to lock up a lot of their money on Tournament future props.
While it’s acceptable to place a few futures wagers every season on who will win the championship game, MVP and so on before March. Bettors need to carefully consider first if there is value in the bet they are placing, the opportunity cost of making that bet, and if they are tying up too much of their money, not leaving enough of a bankroll left to logically and effectively bet on the tournament itself.