It’s tough to beat the excitement March Madness brings every year. Especially if you are a big fan of sports betting. That’s why we’ve written this guide to March Madness betting in Maryland. To help bettors in the state find the best sportsbooks, the best bonuses, and maybe even the best paying odds.
Maryland guide to betting on the 2022 March Madness
March Madness is a bracket-style, single-elimination tournament that features 68 of the best college basketball teams in the United States. All competing for a chance at the national title. But, of course, there’s nothing like March Madness in the rest of the sporting world.
With fast-paced action, a super-condensed schedule, and seven individual rounds of games culminating in a national title matchup of the last two teams standing. There are plenty of opportunities to get in on March Madness betting.
The trick, though, is making the right bets to come home a winner rather than busting your bankroll because of a Cinderella team upsetting your favorite!
Let’s dig into some tips, tricks, secrets, and strategies that might make all the difference for you going forward.
Sportsbooks with 2022 March Madness odds in MD
It’s critically important to find the right sportsbook to get your picks in with.
For starters, look for platforms that offer plenty of different March Madness betting odds and other event betting in Maryland to pick and choose from. The more, the merrier!
You also want to ensure that the platform you have picked is easy enough to use, especially on your phone or tablet. The interface should be clean and modern. The betting slip should be easy to understand. While the banking system should be safe and secure (even on the go).
Rounding things out, you need to know that you can trust the platform you’ve signed up for.
Our five favorite March Madness sportsbooks in Maryland
BetMGM March Madness odds in MD
A premium experience across the board. Elegantly designed, easy to use, and with plenty of wagers and banking options to choose from.
PointsBet Maryland March Madness betting
More betting options than you’ll be able to find almost anywhere else. Fast, mobile-optimized, and secure.
DraftKings MD March Madness bets
Well-known in the DFS betting world, this sportsbook offers great March Madness action, too. Their customer service is exceptional, and the mobile experience is maybe the best of any sportsbook online today.
FanDuel Maryland March Madness
Bettors looking to place wagers without having to risk a mountain of money are going to love FanDuel. Those that like live-action betting (with the ability to stream games from your phone or tablet) will love FanDuel, too.
Barstool Sportsbook MD – March Madness
Fans of Barstool have been flocking to this sportsbook ever since it launched. The community is great, the odds are top-tier. And the chance to go head-to-head with Portnoy and then trash talk him on Twitter is a lot of fun, too.
Most popular bets to place on March Madness in Maryland
March Madness Futures – MD
March Madness futures can be a lot of fun to bet, but they are the definition of a lottery ticket when you’re talking about this particular tournament.
Remember, we are talking about a tournament with 68 of the very best college basketball teams in the United States competing for one singular title.
The tournament is single elimination. Which means as soon as you lose, you are done for good that year and that ratchets up the pressure a little more.
Future bets that are placed well in advance of the upcoming tournament usually have the best odds. But it might not be a bad idea to wait at least until the tournament is about to begin to lock in your championship pick.
March Madness spread betting – Maryland
Betting the spread is incredibly popular in both college and professional basketball, and for a good reason.
These games are pretty high-scoring, handicapped in a pretty fair way since these games can go in different directions. However, they are also easy enough to understand even if you don’t have a lot of March Madness betting experience under your belt.
These kinds of bets usually pay better than moneyline wagers too.
Just remember that if you bet the favorite, they will have to win and cover the spread. Underdogs either have to win outright or cover the spread for you to take home the cash.
Parlays – March Madness betting MD
If you don’t mind rolling with quite a bit of risk. Parlay wagers “stringing multiple wagers together into a bit of a super wager” can be done at any time during March Madness.
Those that want to tilt the odds in their favor are only going to want to start fooling around with these kinds of wagers later on in the tournament. We are talking about closer to the Elite Eight round and onwards.
The reason here is that there’s so much more unpredictability when you’re dealing with the first few rounds of the tournament. Those are the rounds where you see a lot of upsets, you see a lot of teams not covering the spread. You also see a lot of teams not even hitting the over on totals. Or blowing the over out of the water.
Maximize your chance of winning when you place parlay wagers on March Madness betting platforms in Maryland and you’ll be able to feel a lot more confident in your picks.
Hedge betting March Madness – Maryland
March Madness betting futures is always a popular choice, especially if you are betting on the “future” of who will win the whole tournament just before it kicks off.
Some people like to make March Madness future bets years in advance. Especially longtime fans of a team or people betting on their college team continuing to dominate. Still, most will wait until the day before the tournament starts to get the championship pick in.
If, however, you are willing to lock that pick in a little earlier. Maybe a couple of weeks in advance or at the beginning of the college basketball regular season. Then, you can usually get much better odds from March Madness Maryland sportsbooks.
When you take that approach, though. You’ll want to consider hedging your bet closer to tournament time. Even after a couple of rounds of the tournament have unfolded.
This covers your bases, guarantees you another shot at winning in case your pick gets knocked out early. While it might not pay out quite as much. It can help to limit the impact that a losing future can have on your bankroll.
Strategies for betting on March Madness – Maryland
We’re still talking about college Basketball at the end of the day
Even though the stakes of the March Madness tournament are significantly higher than a regular-season college game. At the end of the day, we’re still talking about college basketball here.
This means you’re going to have the same kind of betting opportunities available during the tournament. That you would have had available during the regular season. Which means your bets really shouldn’t be all that complex.
The “rules” of betting on college basketball stay pretty much the same throughout the tournament. Even if there are some historical trends and nuances you want to focus on when March Madness rolls around.
Don’t feel like you need to bet the whole bracket
Many people operate under the impression that they have to be in on every single one of the 68 games throughout the tournament.
Plenty of people are familiar with March Madness brackets. Most first-timers using a Maryland March Madness betting platform are going to be on the hunt for this kind of bracket when they get their first few wagers in.
Believe us, you don’t have to go down that road. Betting on every game on the schedule – if you don’t want to.
Most successful March Madness bettors aren’t going to be jumping on anything and everything. Instead, they are going to be cherry-picking games to find the ones that offer the most value.
This is especially important to understand if your bankroll is a little bit limited. You might want to play two or three games in round one. This is where you’re going to see the most upsets. Building up a little bit of a war chest that you can play with, and take bigger swings during the Elite Eight onward.
Start with your champ and reverse engineer your picks from there
No matter what, though, you’re going to want to start your March Madness betting strategies thinking about who you believe will be crowned champion at the end of the tournament and then work your way backward from there.
This lets you fill out the Final Four, the Elite Eight, and the Sweet 16 in reverse order.
This is so important that you won’t have to worry about finding a pathway for your favorite picks to work their way through the field right from the start. Instead, you’ll know exactly who you think will be crowned champion. Which helps you figure out who the Final Four must be, which helps you figure out who had to play during the Elite Eight, and so on.
This approach is much easier than trying to pick your teams from all 68 right from the start.
Don’t go crazy with underdogs
If it feels like underdogs dominate March Madness, that’s because this tournament has its fair share of upsets every year.
Sure, every single year, there are a handful of teams that knock out a top contender. Sometimes with a #1 getting bounced by a relatively low speed, too. But, every year has a couple of Cinderella stories. Teams that shouldn’t be as competitive as they are just taking a wrecking crew to more complete teams left and right.
At the end of the day, though, the number of underdogs that beat favorites in the March Madness tournament is significantly lower than most people think.
Beyond the first round, the odds of an underdog coming out on top begin to dwindle pretty rapidly. And by the time you get down to the Sweet 16 it doesn’t happen very much at all.
By all means, bet the underdog when you get the kind of action that just can’t be found anywhere else – or when you have a gut feeling that it’s the right player make. Just don’t fall into the trap of hunting for underdogs in every game during the first round.
Regular season scouting might pay off big
Plenty of teams in the March Madness tournament will be playing against teams that they have in their conference, teams they might have played before that year – and that can give you a lot of valuable intelligence you wouldn’t have with brand-new matchups.
It’s important to remember that history is not a 100% predictor of future success. Still, suppose a team had a really easy time dispatching another team during the regular season and get a second matchup during the tournament. In that case, you’d have to be at least a little bit crazy not to consider putting your money on their side.
At the same time, you also want to look into how much experience players have with big games when they get into the tournament – including big regular-season games, like rivalry games.
Many great-looking regular-season teams turned into absolute mush the moment they got into the March Madness tournament. The bright lights and pressure are just too big, and they fade away.
Other teams (particularly those with a lot of big-game experience under their belt) can whether these kinds of storms and have a distinct advantage against players in their first big tournament.
Beware teams that love the three-pointer
Here is a stat that’s going to blow a lot of minds, including those of people that spend a lot of time on March Madness betting Maryland platforms looking to find an edge and advantage:
Between 2000 and 2015, only two teams ended up winning the tournament championship with a three-point shooting percentage that was any better than the league average.
What does this mean for people looking to bet on the tournament?
Well, it means that even though highflying, high-scoring teams that shoot the lights out from beyond the three-point line look like they are world beaters when they are on fire, the second that they cool down, they almost always lose that game and are bounced from the tournament immediately.
Beware of teams that seem to be dropping everything from long-range
Yes, it’s going to be hard to shy away from a team that is dominating others on the scoreboard. Especially if they’ve been hot for a couple of rounds. But know that as soon as the light switch flips and they go cold, they are going to come crashing down to earth.
It’s really hard for three-pointer teams to find another way to score when their shooters start to lock up.
FAQ’s About March Madness betting Maryland
What are some newbie-friendly March Madness bets to place in Maryland?
Newbies can’t go wrong with Moneyline pics. These are about as simple and as straightforward as March Madness betting can get.
When should I look for underdogs to come out on top?
Underdogs with similar seeding to their opponent early on in the tournament. The first two rounds, really, have the most potential historically for making upsets happen.
How early should I lock in my March Madness futures in MD?
The earlier you get your future picks and the more they are likely to pay if you get them right – but a higher risk you take on, too. Many people like to wait until a week or two before the tournament starts to get their national championship future in.
Do all sportsbooks let you load your account with a credit card?
Not every March Madness Maryland betting platform is going to let you fund your account with a credit card, though all five of the options we highlighted above will (and your debit card, too). So check out the banking options of the sportsbook you are considering before you make an account.
How do I get my winnings out?
Pulling your winnings out from online sportsbooks is generally pretty straightforward. Most platforms will either send you a digital check, do a money transfer to your bank, some let you use an online payment processor (like PayPal) to get your winnings out.