One of the most important things to remember is that March Madness (and all sports betting for that matter) is not a Sprint, rather a marathon. Consider it more like a medium-to-long-term investment. It is better to win a little bit each day throughout the tournament so that you can experience a positive number at the end of the tournament. You don’t want to get into the habit of doubling down when you lose; and you shouldn't attempt to parlay your winnings. Also, do not wager more than your bankroll can afford. A patient, disciplined sport betting investor lays a maximum of 5% of their bankroll on any single event - and that's only once in awhile. So if you can manage to have a $1,000 bankroll, you shouldn't think of winning anywhere close to that in one day; you should have your eyes set on perhaps $100-$200 per week.
2. Choose Defense
It is critical to remember that, just like in the NFL, defense wins college basketball games around this time of year. The defense is played at high levels when there is elimination on the line. Defenses are generally going to leave it all on the floor, while offensive pace in tournament play is generally a bit slower. This means teams that teams with good defensive numbers can be a solid bet, especially when if they're listed as the underdog.
3. Home Court Advantage
Many bettors like to call home court advantage a myth, because no school ever actually gets to play on their own basketball court during March Madness (except for the Dayton Flyers in 2015). The reality is that the two teams in each game do have to play somewhere, and the team that is playing closest to home is generally going have the most amount of fans backing them from the seats. The fans do not have to travel the same distance, nor do the schools. Simply due to comfort on both levels, it often results in a winning bet for the "home" team.
4. Recent Play
When you are looking to handicap any kind of March madness tournament action, look for the hot teams that finished the season strong. Get rid of the teams that started to fall apart at the end of the season. Don’t worry about what seed the teams are listed as. Instead, look at those that are going into the tournament strong as opposed to those who just barely limped in.
5. Fade The Public Favorites
You need to realize that some of the high profile favorites are often poor choices because the oddsmakers overvalue them in the early rounds. When bookmakers know that a favorite is going to be heavily wagered on, they're going to inflate the spread a bit to acquire closer to even money on both sides. Look at some of the minor and mid-major conference teams that you think will have a shot early in the season and research them extensively so that you know exactly what needs to be done when the brackets come out.
6. Check Your Bias at the Door
It’s very easy to be bias towards certain teams because they are close to where you live, they are your alma mater, or they have been your least favorite team for years. Many people throw their money away because of falling into this trap, so it is best to leave them alone whenever possible. Don't let pride get the best of you, or your bankroll. If you have a favorite College Basketball Team, refrain from betting on them. If there is a College Basketball Team that you hate with all your heart, refrain from betting on them.
7. Be Selective
The reality is that you don’t have to put money on every game. Even though it sounds like a lot of fun, it is not a great betting strategy. Instead, wager some on some games, more on other games, and pass on a few as well. Don't be greedy. Bet on the games you see true value on. Gambling on College Basketball, to some people, is a rush and can be highly addictive. If you find yourself obsessing uncontrollably, and betting on every single game, at the very least consult with a trustworthy friend or family member. Making money by betting on March Madness should be fun. Discipline is often the difference between winning and losing. Sometimes the greatest bet a gambler can ever make is the one he never placed.