March Madness Betting Line Myths at SBG Global

December 1, 2010 NCAA Basketball

March Madness betting line myths are often hard to put to rest. Let’s see which ones are true and which ones are not as we look at March Madness odds. March Madness betting lines start in the first round so let’s begin there.

A true statement about the first round is that the #1 seed is a pretty good bet.  #1 seeds have never lost in the first round and have held their own against the March Madness odds.  A myth in regards to March Madness betting lines is that the favorites always cover in the Final Four.  They are actually about .500 over the past few years in March Madness betting line.  Remember that as the tournament progresses the March Madness odds makers do a better job so the lines on the Final Four are usually pretty solid.

The biggest thing you will hear about the first round is the #12 versus #5 seed being the best matchup to wager on.  Is that true or a myth in March Madness betting lines?  It is actually a myth but only because there is a better matchup in March Madness betting lines. Taking the #12 versus the #5 seed has proven profitable in March Madness betting lines but taking the #10 seed versus the #7 seed has been more profitable.  You also must remember that the oddsmaker is well aware of the 5 versus 12 matchup and the value has been lost in March Madness betting lines.  That is not always the case in the 7 versus 10 matchup.  You can still find value in that matchup in March Madness betting lines.

A myth that many people believe in regards to March Madness betting lines is that the sportsbook is trying to attract an equal amount of money on both sides.  That is not really true. The sportsbook wants money on the losing side of the game in March Madness odds and usually that is the team the public is betting on.

Keep these myths and truths in mind as you look at the March Madness brackets this season.  You have a great number of games to consider and keeping these things in mind should help.

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