College basketball is similar to professional basketball bets because professional games, like the National Basketball Association (NBA), offer the same types of bets. The biggest difference between professional and college basketball is the mixed skill levels between bigger and smaller squads, which impacts the betting odds.
For the National Collegiate Athletic Association (NCAA), 300 schools have a chance to win a spot in the tournament. Division 1 college basketball teams face off in a single elimination bracket over three weeks in March and April every year.
There are four rounds between leading teams, known as the 'First Four,' which decides the top 64 college basketball teams. After 32 regional playoffs, the 'Final Four' squads move to the National Championship to play to become the NCAA champions.
Bettors can wager on any team's odds of winning, victory margins throughout the NCAA tournament, and who will win in the championship.