March Madness Betting Trends: A Guide for the Responsible Bettor

12 min read

Is This The Best March Madness Ever?

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March Madness is underway and this year’s tournament is already living up to expectations. Its broad appeal isn't just limited to the thrill of the games but extends deeply into the betting community. With an estimated $10 billion wagered during the tournament season, understanding betting trends becomes crucial for anyone looking to participate responsibly. This article aims to dissect these trends, providing a detailed, unbiased look at the dynamics of March Madness betting, underscored by the principles of responsible gambling. For those new to sports betting, a foundational understanding of betting odds is essential. Our guide on Understanding Odds offers a comprehensive starting point.

The Role of Online Sportsbooks

It is a new era for sports betting, with online sportsbooks becoming a go-to for those looking to place bets on March Madness. Platforms such as those reviewed on RG.org's Sportsbooks for NCAA Basketball provide bettors with access to a range of betting options. These platforms also prioritize responsible betting features, like setting limits on deposits and bets, indicative of a larger trend towards safer gambling practices. For users looking to enhance their betting experience via mobile, iOS betting apps offer a convenient and user-friendly option.

It is important to know that sportsbooks set their lines based on the latest performance metrics and season-specific data, steering clear of the unpredictable nature of past records, which may involve a mix of different teams, coaches, and game environments. This method highlights the reliance on up-to-date and pertinent data over historical patterns that may not directly apply.

Responsible Gambling and March Madness

The high stakes and intense excitement of March Madness can, unfortunately, lead to instances of irresponsible gambling. It's critical to approach betting with a plan and discipline. Setting strict limits on wagers and adhering to a budget can mitigate potential financial stress. Online sportsbooks support these responsible gambling practices with tools designed to help users manage their activities. Additionally, exploring available NCAA basketball bonuses can be a way to extend gameplay without increasing spending. 

Data-Driven Betting

Data is king in sports betting. An analytical approach, examining team performance, head-to-head records, and injury reports, can provide a foundation for betting decisions. The story of the 2019 champion, Virginia, serves as a prime example. After a shocking defeat as a No. 1 seed in 2018, their odds were less favorable in 2019. However, bettors who looked closely at their season performance and resilience saw value in betting on them, illustrating how data can uncover betting opportunities. For those interested in diving deeper into analytics, resources on NCAA Betting Trends and Statistics can offer valuable insights.

Psychological Aspects of Betting on March Madness

Betting on March Madness isn't just a financial activity; it's an emotional one. The thrill of the game, peer pressure, and the allure of quick wins can cloud judgment. Acknowledging these psychological factors is the first step in mitigating their impact. Adopting a methodical approach to betting, informed by data and self-imposed guidelines, can help maintain a level head. Community reviews and experiences, such as those found on RG.org User Reviews, can also offer perspectives on maintaining balance and avoiding common pitfalls.

Tools and Resources for Responsible Bettors

For those committed to responsible betting, various tools and resources are available to help monitor and manage betting habits. Platforms offering features for setting spending limits, reality checks, and timeouts are instrumental in fostering a safer gambling environment. Beyond tools, educating oneself about the dynamics of betting and the importance of responsible practices is vital. RG.org's Guide to Sports Betting 101 is an excellent resource for bettors looking to ground themselves in the fundamentals of responsible betting.

For even more resources on responsible gambling best practices, we always recommend checking out the American Gaming Association and their research papers on the subject.

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Meet Our Authors

Paruyr Shahbazyan began his business career in 2000 as a private entrepreneur. Over thirteen years, he developed a deep understanding for business and leadership, laying a solid foundation for his professional journey.

In 2013, Paruyr stepped into the sports and betting industry as the founder and president of Bookmaker Rating. This online mass media platform, which he led until 2020, focused on providing in-depth analysis and insights in sports betting, earning a reputation for its quality content. 

Continuing his innovative approach in 2022, Paruyr co-founded Azuro, a decentralized betting protocol. This venture showcases his dedication to integrating advanced technology in the evolving landscape of sports betting. Through these diverse experiences, Paruyr has continuously influenced and shaped the betting industry, driving new trends and setting high standards.

 ExperienceYear
Engaged in private entrepreneurship2000-2013
Founder and President at Bookmaker Rating, an online platform focused on sports and betting2013-2020
Co-founder at Azuro, a decentralized betting protocol2022

"Innovation in sportsbetting comes from a deep understanding of both technology and the human element of sports." 

- Paruyr Shahbazyan, Founder, RG

 

Principles and Ethics

Paruyr Shahbazyan's core beliefs lie in the power of informed decision-making and integrity in the betting industry. He understands that the foundation of successful betting is not just about odds and predictions, but also about the trust and reliability of the information provided. Paruyr advocates for a betting environment where transparency and knowledge are paramount, ensuring that bettors are well-equipped with accurate data and insights.

Strategic Vision

Paruyr's vision is to revolutionize the sports betting industry through the integration of technology. He sees the future of betting as a blend of traditional sports knowledge with innovative tech solutions, like decentralized protocols, to enhance user experience and fairness. His aim is to create platforms that are not only user-friendly but also uphold the highest standards of ethical betting, contributing to a more responsible and enjoyable betting culture.

Future Perspectives

Looking towards the future, Paruyr envisions a betting landscape that is more inclusive, technologically advanced, and globally connected. He anticipates a significant shift towards more decentralized and transparent betting systems, driven by blockchain technology. Paruyr is committed to being at the forefront of this change, continuously exploring new possibilities and innovations that can redefine what it means to engage in sports betting in a digital world. His focus is on building systems that prioritize user empowerment, fairness, and the global growth of the sports betting community.

 

Sol Fayerman-Hansen
Sol Fayerman-Hansen
Editor-in-Chief

Sol's interest in sports was sparked at a young age, inspired by athletes such as Barry Sanders, Michael Jordan, and Wayne Gretzky. This early fascination evolved into a deep-seated passion, guiding him toward a career in sports journalism in 2007. Over the years, Sol has contributed thousands of articles and reviews to dozens of online platforms, sharing his research, knowledge, and perspectives.

“In the world of sports betting, truth is more valuable than any bonus offer.”

ExperienceYear
Content Manager, OnlineCasinoReports2012-2021
Sports Journalist, Dottraffic2009-2011
Content Writer, HouseTech2007-2009
Cristina Varela Galan
Cristina Varela Galan
Problem Gambling Expert

Cristina used to work as a Psychology Assistant in the Bizkaia Pathological and Risky Gamblers Association. She was also part of a research team in Deusto University, specializing in pathological gambling area. While working there, she managed to develop her own project 

 “Exploring the association between emotional regulation, alexithymia, stressful life events and gambling in adolescent and young adult women”.

Nick Ashbourne
Nick Ashbourne
Senior Writer

Nick has been fascinated with sports since he was first taken to a Toronto Maple Leafs game back in 1998, and he's written about them professionally since 2014.

Nick has covered baseball and hockey for outlets like The Athletic, Sportsnet, and Yahoo Sports, and his sports betting expertise has grown since its legalization in Ontario in 2022. 

Between 2022 and 2023 he worked for a betting startup called NorthStar Bets, and in 2024 he contributed to Oddspedia before joining the Responsible Gambling team.

Anna Kravtcova
Anna Kravtcova
Problem Gambling Expert

Ph.D. in organizational psychology, an internationally certified psychologist (EuroPsy 2022, Cognitive behavioural therapy of mindfulness 2020, International Society for Emotional Intelligence 2017, Russian Psychological society 2014, American Psychological Association(Society for Industrial and Organizational Psychologist) 2011), speaker of many international conferences (USA, Brazil, Portugal, Czech Republic, Russia, etc.). TEDx speaker.

Mike made the decision to dive headfirst into the booming world of sports betting fresh out of college. Back in the day, when 1-800 pick lines and sports pagers were all the rage, he couldn't resist the allure, having grown up idolizing sports legends like Sweetness, MJ, and Slammin Sammy. Mike dedicated his early years to the industry, tirelessly analyzing games, writing articles with free picks, and selling his expertise on reputable handicapping sites. Unlike many others, Mike was known for his integrity and only released one Game of the Year per sport, per season. His hard work and unwavering commitment paid off, earning him a devoted following and propelling his career to new heights. Then came the explosion of Daily Fantasy Sports. Believe it or not, companies like DraftKings and FanDuel used to pay Mike's company to increase their brand exposure. Now, those same industry giants don't even bother responding to his emails. While Mike appreciates the convenience of being able to place legal bets in his own backyard, he can't help but feel disheartened by what has become of the industry. People are being led astray, falsely believing that a mere $5 wager on a 20-team same-game-parlay will be their ticket to financial security. If there’s one thing Mike learned from making book back in the day, it’s that parlays are a bookie’s best friend. A bankroll is the only leg you have to stand on in the battle with the books, and Mike’s here to offer up advice on how to protect it.