March Madness is the single-knockout tournament that determines the NCAA Men’s Basketball champion.  When people want to wager on the winner of this tournament well in advance, people are really looking for ‘NCAA basketball outright winner odds’.  This is the futures betting market where odds are offered for all the available teams to win the tournament.  Odds for this market tend to become published once the tournament draw has taken place, though early odds may be available for teams that are sure to be in the tournament. 

OddsJet compares outright NCAA basketball odds from several reputable sportsbook companies that serve customers in Australia and offer AUD accounts. This allows OddsJet to display the best odds for every team to win the NCAA Tournament so Australian bettors may maximize their potential returns when hoping to predict the which team will get to cut down the nets and lift the trophy.

NCAA Basketball Futures and Ante Post betting markets explained         

NCAA Basketball outright winner betting is by far the most popular NCAA basketball futures betting market.  Futures markets, also called Ante Post markets, are those that involve a wager that is contingent on a longer term result over the course of an entire season or tournament, rather than a single game.  As a team progresses through NCAA Tournament to the round of 32, then to the Sweet Sixteen and so on, the available odds will go down in price, paying less.  So the best value for outright winner betting will tend to be available before the tournament begins.

Examples of NCAA Basketball outright winner odds expressed in American, Decimal and Fractional formats

For American odds format, due to the nature of outright betting on NCAA Men’s basketball, rarely would any one team be such a heavy favorite that their odds would be below even-money.  Generally, odds will be above even and thus will come as a positive figure, expressing how much potential profit would be returned for a bet of $100.   For example, when you see odds of +1250 on Gonzaga to win outright, you would need to stake $100 in order to receive a profit of $1,250, yielding a total return of $1,350.

With Decimal odds format, the odds express the full potential amount that will be returned on your wager including the stake amount.  For this, simply multiply the Decimal odds by the stake. For example, if North Carolina is listed at 7.50 to win outright, a $100 bet would return a total of $750 including your stake, so the potential profit would be $650. 

For Fractional format, the odds express the amount of potential profit that will be returned on a wager.  For example, a wager of $100 and odds of 33/2 on Notre Dame to win the tournament outright (said 33 to 2), would yield potential a profit of $1,650 (33 divided by 2, multiplied by $100) plus the stake amount for a total potential return of $1,750.