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March Madness Gambling on Third round of Big Dance

march madness
March Madness Lines: The third round of the NCAA Tournament is a good one for gamblers. You’ve already watched and handicapped teams from the Round of 64 so you should have a good sense of which side to bet on.

BetSBG will have NCAA Tournament odds for every matchup during March Madness, including the Round of 32. You can wager on moneylines, spreads, total, props and live action for the 16 games that will be broadcasted on national TV.

Since the 2000-01 tourney, No. 1 seeds have gone 39-5 straight up in the third round. Pittsburgh was a top-seeded casualty last year, falling to Butler as an 8-point favorite. Kansas lost to Northern Iowa the season before.

The average winning margin in these matchups exceeds double digits. But the best way to bet on the No. 1 seed in the second round is to take the over. Offenses seem to find their groove in their second game with the over going 31-11-2 over the last 11 years, including a flawless 4-0 mark in 2011.

One betting trend to note is that almost every year a 2-seed loses in the Round of 32. Two seeds are just 28-15 straight up in their third-round contests despite being the favorite every time. Notre Dame was knocked off by 10-seeded Florida State last year as 9-point chalk. St. Mary’s upset Villanova as a 10 seed the year before.

If history repeats itself this season, you want to look to bet against the No. 4 seeds coming out of the second round. Over the last 11 years, they are only 16-17 overall and 11-21-1 against the spread.

Five seeds that are fortunate enough to advance are money in the third round. Since the 2001 NCAA Tournament, the 5-seed is 18-8 straight up and is usually the underdog.

The No. 6 seeds that reach the Round of 32 are 11-16 overall. Only one 6-seed (Cincinnati) made it out of the second round last year, and it lost.

If you are going to bet on a No. 7 seed to win in the third round, you might as well make it a moneyline wager. Of the 28 times the 7-seed has advanced to face the 2-seed, they won eight of those meetings. The seven seeds went 0-3 against the two seeds in 2011.