What Online Bookies Should Know About Selection Sunday

Written by:
Published on:

Selection Sunday happens on March 11. Most online bookie agents should already have some things in place to deal with NCAA Men’s College Basketball betting.

But, because Selection Sunday could dramatically change some of the seeds, we thought it important to consider a couple of things agents should do based on what could happen on Selection Sunday.

Don’t forget, there’s still time to get a premium sportsbook management software for half the price.

PayPerHead.com is giving bookies 50% off during March Madness so they can have all the tools they need to make serious cash.

Selection Sunday Tip #1: 

Change Max Betting Odds on Teams to Win

Changing max betting odds on teams to win the NCAA Men’s College Basketball Tournament after Selection Sunday can lead to way more dollars than before Selection Sunday.

If a team like Duke, as an example, secures a 1-seed, Duke’s odds should go much lower than the current 5 to 1.

Bettors that wanted to wager on Duke before Selection Sunday will want to wager more on Duke after Selection Sunday if they haven’t done so already.

If a per head agent had $100 as a betting limit on Duke at 5 to 1, they should raise that limit to at least $300 should Duke end up at 3 to 1.

Even if the Dukes’ odds stay at 5 to 1, bookmakers should consider raising betting limits. Why? The odds of winning the NCAA Men’s College Basketball Tournament is always much higher than odds listed.

That’s the built-in advantage to bookmakers.

One word of caution is to never raise betting limits on a team offering odds above 10 to 1. It’s not worth taking the risk.

Selection Sunday Tip #2:

Assign Betting Limits on All Round 1 Money Lines

This is an absolute must for pay per head agents to maintain their sanity during Round 1 March Madness games on Thursday and Friday.

It’s imperative, it’s necessary, to attach money line betting limits on all money line NCAA College Basketball Tournament games.

If you don’t attach money line bets to all NCAA College Basketball Tournament money line games, you could end up paying a ton of dollars when the inevitable 12-seed upset over the 5-seed happens.

Don’t worry so much about who will bet on the dogs and who will be on the favorites. When it comes to money line bets during March Madness, almost all wagers will be on dogs.

Per head agents must make sure those money line betting limits are in place and that they have the right sportsbook management software during the NCAA Men’s Basketball Tournaments.

Basketball Odds News

Texas A&M vs. Michigan Betting Line, Latest Odds

Texas A&M vs. Michigan Betting Line, Latest Odds

The Texas A&M vs. Michigan betting line was coming in at Wolverines -3. 

Bookie vs. Bettor: Loyola-Chicago vs. Nevada

Bookie vs. Bettor: Loyola-Chicago vs. Nevada

Loyola-Chicago vs. Nevada features an opening line of Wolfpack -1.5.  The oddsmakers are offering a 2-point underlay here as the Power Ratings indicate a line of -3.5 is more realistic.

Loyola-Chicago vs. Nevada Betting Line - Latest Odds

Loyola-Chicago is this season's first double-digit seed into the Sweet 16 after a dramatic 63-62 victory over No. 3 seed Tennessee and it did it with yet another dramatic buzzer-beating finish.  The Loyola-Chicago vs. Nevada game has the Ramblers as a +1.5 underdog. 

Early Sweet 16 Betting Odds - 2018

Early Sweet 16 Betting Odds - 2018

Giant killer UMBC put up a good fight but failed to advance to the Sweet 16 after becoming the first number 16 seed to take down a number 1 seed (Virginia) Friday night. 

Brazos County, Texas Spotlight - March Madness 2018

Brazos County, Texas Spotlight - March Madness 2018

The Texas A&M Aggies just knocked off the defending NCAA Men's College Basketball champions and now bookies throughout Brazos County, Texas are racing to get all those Sweet 16 bets in.