FanDuel leads with the best SGP builder and Tourney Shuffle bracket contest, while BetMGM offers first bet protection for the Round of 64.
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- Best Overall: FanDuel – SGP builder, odds boosts, Tourney Shuffle contest
- Best Props Market: DraftKings – Deepest player/game props for tournament games
- Best Live Betting: bet365 – Live streaming + in-game wagering
- Upset Pick: 12-seeds beat 5-seeds in 35% of all first-round matchups historically
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The March Madness first round is the biggest betting weekend in college basketball, with 32 games played across 2 days and hundreds of markets available for bettors.
Based on our testing during recent tournaments with real deposits and wagers, the 3 best sportsbooks for first-round betting are FanDuel, BetMGM, and DraftKings, thanks to their deep betting markets, fast live odds updates, and tournament-specific promotions.
Our team tests sportsbooks each year throughout the NCAA tournament by placing real bets, evaluating app performance during peak traffic, and comparing odds movement across multiple platforms.
You can explore more tournament coverage using our March Madness hub, which includes bracket tools, strategy guides, and sportsbook comparisons.
March Madness First Round Betting Overview
March Madness first round betting revolves around the busiest 2 days of the entire NCAA tournament. The Round of 64 features 32 games played across Thursday and Friday, creating a packed schedule where bettors can watch and wager on multiple matchups simultaneously from early afternoon until late evening.
Because every region begins play during this window, sportsbooks publish hundreds of markets across spreads, moneylines, totals, props, and live bets. The scale of the opening round makes it the most active betting period of the tournament, with the American Gaming Association reporting that the first-round weekend consistently generates the highest single-weekend betting handle of the entire event.
Preparation typically begins on Selection Sunday, when the full bracket is revealed and sportsbooks release opening odds for each matchup.
The first round differs significantly from later tournament rounds because of the sheer number of games and the variety of teams involved. Unlike the Sweet 16 or Elite Eight, the Round of 64 introduces many smaller-conference champions and mid-major programs that casual fans may not have watched during the regular season.
This creates more uncertainty in the betting market, particularly when advanced metrics rate these teams more highly than public perception suggests. With so many matchups happening at once, bettors also face the challenge of monitoring line movement and managing wagers across multiple games.
Understanding the betting fundamentals before the bracket is announced is essential, and our guide on how to bet on March Madness explains the core wagering markets used throughout the tournament.
Different types of bettors approach the first round in different ways. Casual bracket players often focus on predicting game winners and may place small wagers for entertainment during the opening weekend.
Serious bettors, however, analyze matchup data, efficiency ratings, and odds movement to identify profitable betting opportunities. Because sportsbooks offer a large number of markets during the Round of 64, experienced bettors often compare lines across several platforms to find the best price before placing a bet.
This guide breaks down the most important aspects of first-round wagering, including common bet types, historical upset trends by seed matchup, bankroll strategy for managing a full 2-day slate of games, and a comparison of the best sportsbooks for tournament betting.
Round of 64 Betting Markets and Bet Types
The March Madness round of 64 offers the widest range of betting markets in the entire NCAA tournament. With 32 games played across 2 days, sportsbooks release hundreds of betting lines covering spreads, moneylines, totals, player props, and live wagering options.
This variety allows bettors to approach the opening round with different strategies depending on matchup strength, team style, and perceived value in the betting markets. Because so many games occur within a short window, the first round also creates opportunities for bettors to compare odds across sportsbooks and identify small pricing differences.
For example, the same matchup might have slightly different spreads or totals depending on where the wager is placed. Understanding the main betting markets used in the Round of 64 helps bettors choose the right type of wager for each matchup.
Point Spreads for First Round Matchups
Point spreads are the most common market in the first round and represent the expected margin of victory between 2 teams. March Madness first round spreads vary widely depending on the seed matchup.
Games featuring a No. 1 seed against a No. 16 seed often open with spreads above 20 points, reflecting the talent gap between powerhouse programs and smaller conference champions. At the opposite end of the bracket, 8-vs-9 matchups are typically priced between 1 and 3 points, indicating that the teams are closely matched.
Historical against-the-spread (ATS) data shows that favorites cover at different rates depending on the seed gap. Large favorites in 1-vs-16 or 2-vs-15 matchups frequently struggle to cover inflated lines, while middle-seed games such as 5-vs-12 matchups usually open around -4 to -6 points and often produce competitive outcomes.
Another key factor is line movement between Selection Sunday and Thursday tip-off. Early bettors and professional bettors often place wagers immediately after opening lines appear, causing spreads to shift as sportsbooks balance action.
Monitoring these changes can reveal where sharp money is entering the market. Bettors can also compare different point margins using a spread calculator when evaluating alternate lines.
Moneylines, Totals, and Same-Game Parlays
Moneyline wagers are particularly popular in the March Madness round of 64 because the tournament regularly produces upset victories. Instead of betting the spread, a moneyline bet simply requires picking the team that wins the game outright.
In many cases, underdogs seeded 10 through 12 offer attractive prices on the moneyline. Understanding how these wagers work is important, especially when evaluating underdogs. Our guide to moneyline betting explains the format in detail.
Totals betting is another major market during the first round. Historically, tournament games slightly favor the under, as teams often start cautiously in the neutral-site environment and defensive intensity increases during elimination games.
Same-game parlays have also become extremely popular during the tournament. These wagers combine multiple selections from the same matchup, such as a team covering the spread, the game total finishing under, and a star player scoring over a points line.
Sportsbooks such as FanDuel and DraftKings offer advanced builders for these bets, and our guide to same-game parlays explains how bettors structure them effectively. You can also estimate payouts using this parlay calculator.
Player and Game Props for the Round of 64
Player props have become one of the fastest-growing betting markets in the tournament. March Madness first round props typically include wagers on player points, rebounds, assists, and 3-pointers made.
Star players from major programs often receive multiple statistical lines, giving bettors several ways to wager on individual performances. Game props are also common during the first round. These wagers may include markets such as first team to score, halftime margin, or largest lead during the game.
Some sportsbooks also offer team-specific props such as total rebounds or 3-pointers made.
DraftKings is widely known for offering the deepest prop markets for first-round games, while FanDuel usually provides a comparable selection with strong integration into same-game parlays.
One strategy many bettors use is targeting mid-major stars who carry a large share of their team’s offense. Because these players may receive less national attention, oddsmakers sometimes post conservative scoring lines that create potential value.
Bettors should note that prop markets for games involving smaller conferences are sometimes posted later in the week or may feature fewer betting options than high-profile matchups. Monitoring sportsbooks regularly during the days leading up to tip-off can help identify newly posted lines and potential betting opportunities.
NCAA Tournament First Round Odds Explained
Understanding NCAA tournament first round odds is essential for bettors who want to compare prices across sportsbooks and identify potential value in the Round of 64. Odds are typically displayed in American format in U.S. markets and determine both the payout of a bet and the implied probability of each team winning.
For example, if a favorite is listed at -150, bettors must risk $150 to win $100. If an underdog is priced at +130, a $100 bet would return $130 in profit if that team wins the game. These odds reflect how sportsbooks estimate each team’s chances of winning while also balancing betting activity on both sides of the matchup.
Odds can also be expressed in multiple formats, including American, decimal, and fractional odds, which all represent the same payout in different ways.
For example, a team listed at -150 indicates a strong favorite, while a +130 underdog offers a larger return if the upset occurs. Being able to quickly convert between formats helps bettors compare lines across different sportsbooks and markets. Tools like the odds converter make it easy to translate American odds into decimal or fractional formats, allowing bettors to better understand potential payouts and evaluate whether a line offers good value.
During the first round, sportsbooks release odds immediately after the tournament bracket is announced. Because the Round of 64 includes so many games, bettors often track line movement across several days before tip-off to see how the market adjusts.
First Round Predictions and How Oddsmakers Set Lines
Creating accurate March Madness first round predictions requires sportsbooks to combine statistical models with expected betting behavior. Oddsmakers begin by analyzing advanced metrics such as KenPom efficiency ratings, Sagarin ratings, and proprietary predictive models that evaluate team performance throughout the season.
These models estimate a projected scoring margin for each matchup, which sportsbooks use as the foundation for point spreads and moneyline prices. However, oddsmakers must also consider public perception. Recreational bettors tend to favor well-known programs and higher-seeded teams, which often causes early betting to lean toward favorites.
Professional bettors, often called sharp bettors, look for discrepancies between sportsbook lines and their own projections. When large wagers appear on one side of a game, sportsbooks may adjust the line to reduce risk.
2 common indicators of sharp activity are reverse line movement, when the line moves against the majority of bets, and steam moves, where multiple sportsbooks adjust their odds simultaneously.
The timeline for first-round odds is also important. Opening lines usually appear Sunday evening after Selection Sunday, allowing early bettors to react immediately. The most significant line movement typically occurs on Wednesday and Thursday before tip-off, when sportsbooks receive the largest volume of wagers.
Monitoring these changes helps bettors identify where professional money may be influencing the market.
First Round Upsets and Historical Trends by Seed Matchup
Understanding March Madness first round upsets is one of the most important aspects of NCAA tournament betting. The Round of 64 consistently produces surprise results, but the likelihood of an upset varies significantly depending on the seed matchup.
Historical tournament data shows that certain seed pairings are far more competitive than others, which can help bettors identify potential value in the betting markets. At the extreme ends of the bracket, upsets are extremely rare.
No. 1 seeds defeat No. 16 seeds more than 98% of the time, although 2 historic exceptions have occurred. Similarly, 2-vs-15 matchups produce upsets roughly 7% of the time, making them possible but still uncommon.
As the seed gap narrows, upset rates increase dramatically. Approximate historical win rates for underdogs in first-round matchups include:
- 14 vs 3: about 15% upset rate
- 13 vs 4: roughly 21%
- 12 vs 5: about 35%
- 11 vs 6: about 38%
- 10 vs 7: about 39%
- 9 vs 8: essentially a coin flip
These numbers show that the middle portion of the bracket produces the most competitive games. In particular, the 10-12 seed range consistently generates upset winners. Many of these teams come from strong mid-major programs that dominate their conferences but receive lower tournament seeds because of perceived strength-of-schedule differences.
Average margins of victory also reflect this pattern. Games between evenly matched seeds such as 8-vs-9 and 7-vs-10 frequently finish within a single possession, while larger seed gaps like 1-vs-16 or 2-vs-15 typically produce double-digit wins for favorites.
For bettors, these trends provide a useful framework. Instead of blindly picking random upsets, many experienced bettors concentrate on 10, 11, and 12 seeds where the probability of an upset is historically much higher than the market often suggests.
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Historical First Round Upset Probability by Seed Matchup
Data covers NCAA Tournaments from 1985 to 2026.
| Matchup | Higher Seed Win % | Upset Rate | Upset Risk | Underdog ATS Record | Betting Insight |
|---|---|---|---|---|---|
| #1 vs #16 | 99.3% | 0.7% | LOW | 48-112 (30%) | Do not bet the upset moneyline. |
| #2 vs #15 | 94.2% | 5.8% | LOW | 56-104 (35%) | Small ATS value on 15-seeds. |
| #3 vs #14 | 86.8% | 13.2% | LOW | 65-95 (41%) | Look for ATS value when spread exceeds 10. |
| #4 vs #13 | 79.5% | 20.5% | MODERATE | 72-88 (45%) | The 13-line is the parity cutoff. 1 in 5 13-seeds wins outright. Solid ATS value. |
| #5 vs #12 | 64.7% | 35.3% | HIGH | 82-78 (51%) | The classic March Madness upset. A 12-seed has won in 33 of 39 tournaments (85%). Always pick at least 1. |
| #6 vs #11 | 62.5% | 37.5% | HIGH | 80-80 (50%) | 11-seeds are on a hot streak: 17-15 record over the last 8 years. Treat as a coin flip. |
| #7 vs #10 | 60.9% | 39.1% | HIGH | 78-82 (49%) | Not the coin flip most assume. 7-seeds win 61% but 10-seeds cover the spread half the time. |
| #8 vs #9 | 52.1% | 47.9% | HIGH | 85-75 (53%) | True coin flip. Underdogs have covered 32 of the last 56 games. Fade the public pick here. |
Source: NCAA Tournament historical data 1985-2025. ATS records based on available closing lines. Past performance does not guarantee future results.
The 12-vs-5 Upset and Why It Happens Nearly Every Year
The 12 seed upset March Madness trend is one of the most famous patterns in the NCAA tournament. At least 1 12-seed has defeated a 5-seed in 33 of the last 39 tournaments, meaning it occurs roughly 85% of the time.
Several structural factors explain why this matchup is so unpredictable. Many 12-seeds are top teams from mid-major conferences that have dominated their leagues throughout the season. These teams often feature experienced upperclassmen and skilled guard play, which translates well to the tournament environment.
In contrast, 5-seeds are frequently middle-tier teams from major conferences that finished several games behind their league champions. While these programs often have more raw talent, they may struggle with consistency.
Recent examples highlight the trend:
- Oral Roberts 75, Ohio State 72 (2021)
- Richmond 67, Iowa 63 (2022)
- Oregon 72, Wisconsin 54 (2019)
- Middle Tennessee 90, Michigan State 81 (2016)
Because casual bettors often favor higher seeds, sportsbooks sometimes price 5-seeds aggressively on the moneyline. This creates opportunities where 12-seed moneylines provide attractive value relative to their true upset probability.
How to Identify Underdog Value in the First Round
Successful March Madness underdog bets usually share several statistical traits. One of the most important factors is 3-point shooting percentage, since underdogs often rely on perimeter scoring to keep pace with stronger opponents.
Another key metric is turnover margin. Teams that protect the ball and force mistakes can neutralize athletic advantages held by higher seeds. Experience also matters in tournament games. Rosters with a higher average class year tend to perform better under pressure than younger teams.
Tempo mismatches can create additional value. Slow-paced mid-major teams often frustrate favorites by limiting possessions and forcing them into half-court offense.
Historical upset data support focusing on specific seed ranges:
- 11 seeds over 6 seeds: about 38% upset rate
- 10 seeds over 7 seeds: about 39%
- 13 seeds over 4 seeds: about 21%
- 14 seeds over 3 seeds: roughly 7%
Against the spread, underdogs in the first round have covered at a slightly profitable rate over the past decade, particularly in the 10-12 seed range. Bettors who combine these statistical indicators with matchup analysis can often identify underdogs with realistic upset potential before the broader market adjusts.
Key Betting Trends for the First Round
Understanding March Madness betting trends can help bettors identify patterns that appear consistently during the Round of 64. While every tournament produces unique matchups, historical data from recent tournaments reveals several tendencies involving favorites, totals, and betting behavior.
One of the most widely tracked metrics is how favorites perform against the spread (ATS). Over the last 10 NCAA tournaments, favorites in first-round games have covered the spread approximately 49-50% of the time, which is very close to the breakeven rate expected by sportsbooks.
This indicates that sportsbooks price these matchups efficiently, especially when there is a large gap between seeds. However, performance varies by matchup type. Heavy favorites often win comfortably but may struggle to cover large spreads when coaches rest starters late in games.
Totals betting also reveals a slight trend. Historically, about 52% of first-round games have finished under the posted total, giving a small long-term edge to under bettors.
Tournament games often begin with cautious play, as teams adjust to the neutral-site environment and the pressure of elimination games. Defensive intensity also tends to increase compared with regular-season matchups.
Public betting behavior plays a major role in shaping the market. Recreational bettors typically prefer favorites and overs, especially when well-known programs are involved. Because sportsbooks anticipate this bias, lines can sometimes become inflated toward the favorite. Professional bettors often look for value by fading heavily bet favorites or targeting totals that appear too high.
Another important factor is line movement. First-round lines tend to move more than any other round of the tournament because betting volume increases dramatically after the bracket is announced. Opening spreads posted on Sunday evening may shift several points by Thursday tip-off as sportsbooks respond to injury updates, matchup analysis, and large wagers from professional bettors.
Some bettors also analyze performance differences between Day 1 (Thursday) and Day 2 (Friday) of the first round. Historically, there has been no consistent statistical advantage tied to a specific day, although early games on Thursday sometimes produce slower offensive starts due to travel schedules and unfamiliar venues.
Conference performance is another trend bettors monitor. Power conferences such as the Big Ten, SEC, and Big 12 frequently send multiple teams to the tournament, but their ATS performance varies from year to year.
In some seasons, mid-major conferences outperform expectations because sportsbooks rely heavily on brand recognition when pricing major programs. Bettors should also consider games with double-digit spreads. Favorites laying 15 points or more typically win the game but cover the spread only about 45-48% of the time, suggesting that large underdogs may offer value in certain matchups.
First Round Betting Strategy and Bankroll Management
A disciplined NCAA tournament betting strategy is essential during the first round because the schedule features 32 games across 2 days. With so many wagering opportunities, bettors can easily overextend their bankroll if they try to bet every matchup.
Establishing clear unit sizing and betting limits before the tournament begins helps maintain control throughout the opening weekend. Most experienced bettors recommend risking 1-2% of total bankroll per wager during the first round.
For example, a bettor with a $1,000 bankroll might place wagers of $10-$20 per game. This approach protects against the natural variance of sports betting and prevents a single upset or bad stretch from significantly damaging the bankroll.
Another key principle is selective betting. Rather than placing wagers on all 32 games, many successful bettors focus on 8 to 12 high-confidence plays where their analysis identifies an edge. These wagers might include favorable spreads, totals that appear mispriced, or moneyline underdogs with strong upset potential.
Bettors must also decide between flat betting and variable staking. Flat betting means wagering the same amount on every pick, which simplifies bankroll management and reduces emotional decision-making. Variable betting allows larger wagers on stronger opinions but requires careful discipline to avoid overconfidence.
Managing bankroll across the 2-day schedule is equally important. Many bettors separate their budget into Thursday and Friday sessions, ensuring that losses on the first day do not trigger emotional bets on the second day. Chasing losses often leads to poor decisions and larger wagers than originally planned.
Preparation also plays a major role in successful first-round betting. Many bettors begin researching potential matchups before Selection Sunday, analyzing advanced metrics, conference tournament performance, and team playing styles.
Once the bracket is announced, they compare opening lines and monitor movement through Wednesday to identify potential value. Parlays are popular during the first round because multiple games occur within a short timeframe.
However, bettors should understand the increased risk associated with multi-leg wagers. Tools such as a parlay calculator can help estimate potential payouts before combining several selections from the Round of 64 slate.
Live Betting During First Round Games
March Madness live betting is especially appealing during the Round of 64 because of the tournament’s fast pace and the number of simultaneous games. With as many as 8 games happening at the same time, bettors can react to real-time developments such as scoring runs, foul trouble, or unexpected momentum shifts.
Favorites occasionally start slowly in tournament games due to nerves, travel schedules, or unfamiliar arenas. This creates opportunities for live bettors to capture better odds once the game is underway. For example, if a favorite falls behind early, sportsbooks may temporarily offer improved prices that are more favorable than the pregame line.
Many bettors use live wagering to exploit halftime adjustments or second-half momentum swings. Learning how to monitor these markets effectively is key, and our guide on live betting explains how odds change during games.
Certain sportsbooks handle live betting particularly well during the first round. bet365 is widely regarded for its in-play betting depth and live streaming capabilities, while FanDuel is known for quick odds updates when multiple games are active.
Because in-game betting can happen rapidly, experts recommend allocating only 20-25% of a daily bankroll toward live wagers. This helps maintain discipline while still taking advantage of valuable opportunities that appear during the action.
Best Sportsbooks for First Round Betting
Choosing the right sportsbook can make a significant difference when placing March Madness first round best bets. The Round of 64 features 32 games across 2 days, which means bettors often monitor several matchups simultaneously while comparing odds across multiple apps.
Sportsbooks vary widely in their features, particularly when it comes to live betting speed, same-game parlay builders, and tournament promotions. Using a reliable platform ensures bettors can place wagers quickly as odds move throughout the busy first-round schedule.
Different sportsbooks excel in different areas of tournament betting. bet365 is widely regarded as the leader for live betting thanks to its fast odds updates and extensive in-play markets. FanDuel stands out for its same-game parlay builder, which allows bettors to combine spreads, totals, and player props within a single matchup.
DraftKings typically runs the most aggressive promotional campaigns during the NCAA tournament, offering odds boosts, profit boosts, and bonus bets tied to specific games. Meanwhile, Caesars Sportsbook appeals to bettors who value loyalty programs because its Caesars Rewards system converts sportsbook activity into hotel, dining, and entertainment perks.
Another important strategy during the first round is line shopping. Because sportsbooks compete with each other, odds can vary slightly between platforms. A spread that appears at -5.5 on one sportsbook may be available at -4.5 elsewhere, creating a valuable difference over the long term.
Many experienced bettors keep accounts with several sportsbooks so they can quickly compare lines before placing a wager. The first round is also a great time to take advantage of welcome offers and bonus bets.
New users can often maximize value by signing up with 2 or 3 sportsbooks before the tournament begins, allowing them to use promotional credits across multiple games during the opening weekend. If you’re comparing platforms before creating accounts, our guide to the best sports betting apps explains how the top sportsbooks perform across features such as mobile usability, market depth, and promotions.
Below, we break down the best sportsbooks for betting on the March Madness first round, highlighting their key features, mobile experience, and the advantages each platform offers for tournament wagering.
Best Sportsbooks for March Madness First Round
The March Madness first round is the busiest betting window of the entire tournament, which means the sportsbook you choose can make a major difference. With 32 games spread across 2 days, bettors often monitor several games simultaneously while switching between betting markets like spreads, props, and live wagers.
The best sportsbooks provide fast odds updates, deep betting markets, and tournament-specific promotions that maximize value during the opening weekend. For bettors who also wager on professional basketball throughout the season, many of the same platforms featured here are also covered in our guide to NBA betting sites.
Another important factor is mobile performance. During the first round, multiple games can run at once, and odds can change quickly. Sportsbooks with reliable apps and efficient navigation allow bettors to switch between games, monitor bets, and react to line movement without delays.
Many experienced bettors also use more than 1 sportsbook so they can compare odds and promotions across platforms.
FanDuel – Best Overall for First Round Betting
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FanDuel consistently ranks as the best platform for March Madness betting thanks to its advanced same-game parlay builder, tournament promotions, and highly polished mobile app. With dozens of betting markets available for each matchup and reliable app performance during peak traffic, the sportsbook is one of the most versatile options for the Round of 64.
First Round Features
FanDuel offers several tournament-specific promotions during the NCAA tournament, including its popular Tourney Shuffle bracket contest. This contest allows users to submit bracket entries for a chance to win prizes, with prize pools often exceeding $50,000.
The entry process typically involves creating an account, selecting a bracket lineup, and submitting entries through the app before tournament games begin.
Another standout feature is the same-game parlay (SGP) builder, which allows bettors to combine multiple selections from a single matchup. For first-round games, the site supports several SGP legs including spreads, totals, and player props such as points or 3-pointers made.
This flexibility allows bettors to build custom wagers tailored to specific matchups. The sportsbook also releases tournament-specific odds boosts throughout the first-round schedule on Thursday and Friday. These promotions may enhance odds on selected teams, player props, or game totals. Combined with deep market coverage, often 50+ betting markets per game, these features make it especially attractive for tournament betting.
Mobile Experience
The FanDuel sportsbook app holds a 4.8/5 rating from more than 1.9 million App Store reviews, making it one of the highest-rated betting apps available. The platform is optimized for high-traffic events like the NCAA tournament and performs reliably even when several games are taking place simultaneously.
The app allows bettors to quickly switch between games, view live odds, and monitor active wagers through the bet slip interface. Push notifications provide updates for bet results, score changes, and promotional offers throughout the tournament. The iOS and Android apps offer nearly identical functionality, ensuring consistent performance regardless of device.
| Pros | Cons |
|---|---|
|
Excellent same-game parlay builder for tournament games |
Limited live streaming for college basketball games |
|
Fast odds updates and in-app cashout features |
Some promotions require minimum odds thresholds |
|
Reliable mobile app performance during high-traffic events |
Excellent same-game parlay builder for tournament games
Fast odds updates and in-app cashout features
Reliable mobile app performance during high-traffic events
Limited live streaming for college basketball games
Some promotions require minimum odds thresholds
For a full breakdown of the platform’s features and promotions, see our FanDuel review.
BetMGM – Best Parlay Protection for the First Round
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BetMGM is one of the most recognizable platforms for March Madness betting thanks to its large promotional campaigns and tournament contests. The sportsbook combines strong betting markets with rewards integration through MGM Resorts, making it a popular option for both casual bettors and experienced gamblers.
First Round Features
One of BetMGM’s headline promotions during the NCAA tournament is its $10 million perfect bracket challenge. Participants can submit bracket predictions for a chance to win a large prize if they correctly pick every game in the tournament.
While achieving a perfect bracket is extremely unlikely, the contest typically includes smaller prizes for participants who come close. Another major feature is parlay protection, which shields bettors when a multi-leg parlay misses by a single selection.
During the first round, this feature can be especially useful because bettors often combine several games into 1 wager. The site also offers a deep selection of player and game props, including points, rebounds, assists, and team totals for Round of 64 matchups. These markets allow bettors to target specific players or matchup trends rather than simply betting the game outcome.
Mobile Experience
The BetMGM mobile app holds approximately a 4.7/5 rating from more than 500,000 App Store reviews. The interface organizes wagers by sport and tournament round, making it easier to track bets across multiple first-round games.
Live betting performance remains stable even during peak tournament traffic. Users can monitor open bets, review odds changes, and quickly place additional wagers through the in-app bet slip. Integration with MGM Rewards allows bettors to accumulate tier credits and reward points while placing sportsbook wagers.
| Pros | Cons |
|---|---|
|
$10M bracket challenge promotion |
Slightly higher minimum deposit than some competitors |
|
Parlay protection for tournament wagers |
Live betting updates are occasionally slower than bet365 |
|
MGM Rewards integration with sportsbook activity |
$10M bracket challenge promotion
Parlay protection for tournament wagers
MGM Rewards integration with sportsbook activity
Slightly higher minimum deposit than some competitors
Live betting updates are occasionally slower than bet365
For an in-depth breakdown, read our full BetMGM review.
DraftKings – Best Props Market for First Round Games
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DraftKings is a top choice for March Madness bettors thanks to its extensive player prop markets and frequent tournament promotions. The sportsbook offers one of the largest selections of betting options for the Round of 64.
First Round Features
One of DraftKings’ most unique promotions is the Zero Right Bracket Challenge, which rewards users who successfully pick all losing teams in a bracket. While the concept is intentionally difficult, the challenge creates an entertaining alternative to traditional bracket contests and can award prizes up to $100,000.
The sportsbook also runs daily flash promotions during the first round. These promotions may include odds boosts, profit boosts, or bonus bet opportunities tied to specific tournament matchups.
The player prop markets are widely considered the deepest in the industry. For high-profile games, bettors can find numerous prop categories, including points, rebounds, assists, and 3-pointers made. The site also offers a flexible same-game parlay builder, allowing bettors to combine multiple prop markets with spreads and totals.
Mobile Experience
The DraftKings sportsbook app holds a 4.8/5 rating from more than 2 million App Store reviews. The app sends push notifications for flash promotions and odds boosts tied to first-round games.
The SGP builder works smoothly on mobile devices and allows bettors to build multi-leg wagers quickly. The platform also integrates with DraftKings’ daily fantasy sports contests, allowing users to participate in fantasy tournaments while betting on games.
| Pros | Cons |
|---|---|
|
Deepest player prop markets for tournament games |
Flash promos sometimes expire quickly |
|
Frequent promotional offers and odds boosts |
The interface can feel crowded during large events |
|
Unique Zero Right bracket challenge |
Deepest player prop markets for tournament games
Frequent promotional offers and odds boosts
Unique Zero Right bracket challenge
Flash promos sometimes expire quickly
The interface can feel crowded during large events
For more details about the platform’s features, read our DraftKings review.
bet365 – Best Live Betting for First Round Games
21+ in OH. Bonus Bets expire 7 days after receipt. T&Cs apply. Gambling Problem? Call 1-800-GAMBLER.
First Round Features
bet365 is widely recognized for its strong live betting functionality during March Madness wagering. The sportsbook often posts early lines for tournament matchups and offers one of the deepest selections of in-play markets.
Like BetMGM, the site also runs bracket challenges during the NCAA tournament. While prize structures vary, these contests add additional engagement for bettors following the bracket. One of its biggest advantages is live streaming, allowing users to watch games directly within the app while placing bets.
Combined with detailed in-play betting markets, this feature makes it particularly effective for live wagering during the first round.
Mobile Experience
The bet365 app holds roughly a 4.6/5 rating on the App Store and performs well during high-traffic betting periods. The platform’s in-play betting interface updates quickly, allowing bettors to respond to scoring runs or momentum shifts during games.
The mobile interface also supports easy navigation between simultaneous games.
| Pros | Cons |
|---|---|
|
Excellent live betting interface |
Smaller selection of player props |
|
Live streaming for select events |
Promotions are less frequent than those of some competitors |
|
Early odds for tournament games |
Excellent live betting interface
Live streaming for select events
Early odds for tournament games
Smaller selection of player props
Promotions are less frequent than those of some competitors
For a full platform breakdown, see our bet365 sportsbook review.
Caesars Sportsbook – Rewards and Odds Boosts for March Madness
21+ in OH. $1 min bet req. Profit Boosts expire 14 days after receipt. T&Cs apply. Gambling Problem? Call 1-800-GAMBLER.
First Round Features
Caesars Sportsbook is known for integrating sportsbook activity with its Caesars Rewards loyalty program. Bettors can earn tier credits and reward credits while placing wagers during the NCAA tournament.
Another unique feature is FireBets, which allows bettors to wager on specific live-game scenarios such as the next team to score or the outcome of a particular possession. The sportsbook also releases tournament odds boosts throughout the first round, improving potential payouts on selected matchups.
Mobile Experience
The Caesars Sportsbook app holds roughly a 4.6/5 App Store rating and allows users to track reward credits directly within the betting interface. Push notifications alert users to odds boosts and promotional offers tied to tournament games.
| Pros | Cons |
|---|---|
|
Strong loyalty rewards integration |
Smaller prop market selection |
|
Frequent odds boosts during tournament games |
Live betting interface is less advanced than bet365 |
|
Unique FireBets live wagering markets |
Strong loyalty rewards integration
Frequent odds boosts during tournament games
Unique FireBets live wagering markets
Smaller prop market selection
Live betting interface is less advanced than bet365
Learn more about the platform in our Caesars review.
Fanatics Sportsbook – Earn FanCash on First Round Bets
Must be 21+ to participate. T&Cs Apply. Gambling problem? Call or Text 1-800-GAMBLER
First Round Features
Fanatics Sportsbook stands out for its FanCash rewards program, which gives bettors cash back that can be redeemed for team merchandise. This feature appeals particularly to college basketball fans who want to purchase gear for their favorite teams during the tournament.
Mobile Experience
The Fanatics Sportsbook app holds approximately a 4.7/5 rating on the App Store. The interface is designed for simplicity, making it easy for casual bettors to navigate during busy tournament weekends. Users can track FanCash rewards and browse merchandise within the app.
| Pros | Cons |
|---|---|
|
Unique merchandise rewards through FanCash |
Smaller betting markets than major sportsbooks |
|
Simple mobile interface for casual bettors |
Limited live betting features |
|
Expanding availability across multiple states |
Unique merchandise rewards through FanCash
Simple mobile interface for casual bettors
Expanding availability across multiple states
Smaller betting markets than major sportsbooks
Limited live betting features
See our full Fanatics Sportsbook review for more details.
theScore BET – Integrated Scores and First Round Betting
First Round Features
theScore BET offers a unique approach to tournament wagering by integrating scores, news, and betting markets within the same app. theScore BET replaced ESPN BET in late 2025. Some bettors may still search for the previous name, but theScore BET now operates the platform.
During the first round, the app allows bettors to track multiple games simultaneously while placing wagers with a single tap. This feature is particularly useful during the busy opening round when several games are happening at once. The site also integrates with the Penn Play rewards program, allowing users to accumulate loyalty points through sportsbook activity.
Mobile Experience
The theScore BET app holds roughly a 4.6/5 rating in the App Store. One of its standout features is the score-to-bet integration, which allows users to transition directly from a live scoreboard to placing a wager on that game. Push notifications provide real-time updates for score changes and betting opportunities.
| Pros | Cons |
|---|---|
|
Excellent integration of scores and betting |
Smaller betting market selection than larger sportsbooks |
|
Easy multi-game tracking during tournament play |
Promotional offers are less frequent than competitors |
|
Helpful push notifications for live updates |
Excellent integration of scores and betting
Easy multi-game tracking during tournament play
Helpful push notifications for live updates
Smaller betting market selection than larger sportsbooks
Promotional offers are less frequent than competitors
Expert First Round Picks and Predictions
Evaluating March Madness first round picks requires more than simply following a single analyst or trending social media prediction. The most reliable approach is to examine multiple expert sources, compare statistical models, and evaluate whether sportsbook odds align with those projections.
By combining analytical data with betting market insights, bettors can identify matchups where the market may be mispriced.
One of the first steps when reviewing expert predictions is examining the credibility of the source. Reliable analysts typically publish transparent records of their picks and explain the methodology behind their projections. This may include advanced metrics, matchup analysis, or predictive models built on long-term data.
Sample size also matters. Experts who evaluate every tournament game over multiple seasons provide a more reliable track record than analysts who only release a few high-profile picks each year.
Several well-known analytics models are frequently used when forming tournament predictions. KenPom ratings analyze offensive and defensive efficiency to project expected margins between teams. Bart Torvik’s T-Rank system uses similar efficiency metrics with additional adjustments for opponent quality and recent performance.
Another widely cited model is ESPN’s Basketball Power Index (BPI), which estimates win probabilities for each matchup based on team performance throughout the season.
Many experienced bettors take a consensus approach when evaluating predictions. Instead of relying on 1 model, they compare multiple projections to identify where several analytics systems agree. When independent models point toward the same outcome, the likelihood of a correct prediction generally increases.
Another key concept is identifying value picks. In some cases, sportsbooks may misprice certain first-round matchups due to public betting behavior. Popular programs from major conferences often attract heavy wagering from casual bettors, which can push the line toward the favorite. When this happens, underdogs from mid-major conferences may offer favorable odds relative to their true win probability.
Specific first-round picks and matchup analysis will be updated after Selection Sunday, once the tournament bracket is announced and sportsbooks release opening lines. At that point, bettors can compare the official odds with expert projections to identify potential betting opportunities for the Round of 64.
Payment Methods Comparison
Most major sportsbooks offer several convenient payment methods for depositing and withdrawing funds during the tournament. While the exact options can vary slightly by state, the most common methods include debit cards, PayPal, Venmo, online bank transfers, and cash deposits at partner casinos.
Understanding these options helps bettors choose the fastest and most convenient method for managing their bankroll during the busy first-round schedule.
Below is a comparison of payment options across the 7 sportsbooks featured in this guide.
Payment Methods by Sportsbook
| Method | FanDuel | BetMGM | DraftKings | bet365 | Caesars | Fanatics | theScore BET |
|---|---|---|---|---|---|---|---|
| Visa/Mastercard | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Venmo | Yes | No | Yes | No | No | Yes | No |
| Bank Transfer (ACH) | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Apple Pay | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Play+ Prepaid | Yes | Yes | Yes | No | Yes | Yes | Yes |
| Min. Deposit | $5 | $10 | $5 | $10 | $10 | $5 | $10 |
| Withdrawal Speed | 1-3 days | 1-5 days | 1-3 days | 1-3 days | 2-5 days | 1-3 days | 1-3 days |
Withdrawal speeds depend primarily on the payment method used. PayPal withdrawals are usually the fastest, typically processing within 24-48 hours once approved by the sportsbook. Bank transfers generally take 3-5 business days, while mailed checks may take 7-14 days to arrive.
Most sportsbooks do not charge fees for deposits or withdrawals, although banks or payment providers may apply their own processing fees in some cases. Before completing a withdrawal, users must also complete identity verification by submitting documentation such as a government-issued ID.
This verification process helps sportsbooks comply with regulatory requirements and prevents fraudulent account activity.
Payment availability can vary slightly depending on the state where the sportsbook operates. Some jurisdictions allow additional options such as cash deposits at partner casinos, while others rely primarily on online payment processors like PayPal or online banking transfers.
Processing times may also depend on verification checks and the payment provider used. For the smoothest experience during the busy first round schedule, many bettors prefer e-wallets such as PayPal because they typically process both deposits and withdrawals faster than traditional banking methods.
Gamble Responsibly
Sports betting should be entertainment, not a way to make money. Set a budget before the first round begins and stick to it regardless of results. Never bet money you cannot afford to lose, and do not chase losses from Day 1 games on Day 2 of the Round of 64.
National Problem Gambling Hotline: 1-800-522-4700 (24/7, confidential)
Live Chat: ncpgambling.org/chat
Text Support: Text 1-800-522-4700
National Council on Problem Gambling: ncpgambling.org
Must be 21+ to place a bet in most states (18+ in MT, NH, RI, WY, DC). Please check your local laws before wagering. All sportsbooks featured on this page are licensed and regulated in their respective states. If you or someone you know has a gambling problem, help is available.
Frequently Asked Questions
What are the best bets for the March Madness first round?
The most popular March Madness first round best bets often involve targeting mid-seed underdogs and specific totals markets. Many bettors focus on 12-over-5 moneyline opportunities and underdogs in the 10-12 seed range, which historically perform well against the spread. First-half unders are another common strategy because tournament games frequently start slowly. Research tools such as KenPom ratings and conference tournament performance can help identify favorable matchups.
How often do 12 seeds beat 5 seeds in March Madness?
The 12 seed upset March Madness trend is one of the most consistent patterns in the tournament. At least one 12-seed has defeated a 5-seed in 33 of the last 39 tournaments, which represents roughly an 85% occurrence rate. These upsets occur because 12-seeds are often experienced mid-major teams with strong guard play, while 5-seeds from power conferences may be inconsistent.
What bet types are available for March Madness first round games?
The March Madness round of 64 includes a wide variety of betting markets. Common wagers include point spreads, moneylines, and totals. Sportsbooks also offer player props, game props, same-game parlays, and live betting during games. Futures bets on tournament champions may also be available. Because there are 32 games in the first round, sportsbooks typically provide hundreds of markets across all matchups.
How do point spreads work in the NCAA Tournament first round?
March Madness first round spreads represent the expected margin of victory between teams. A favorite must win by more than the listed spread for the bet to win. For example, a 1-seed facing a 16-seed may be favored by more than 20 points, while evenly matched 8-vs-9 games often have spreads between 1 and 3 points. Lines are usually posted shortly after Selection Sunday.
Which sportsbook is best for March Madness live betting?
For March Madness live betting, bet365 is widely regarded as one of the best options due to its live streaming integration and extensive in-play markets. FanDuel also performs well thanks to fast odds updates, while DraftKings offers deep in-game prop markets. During the first round, bettors often monitor multiple games simultaneously, so sportsbooks with efficient navigation and quick odds updates provide the best experience.
What are the most profitable first round betting trends?
Several March Madness betting trends have appeared consistently in recent tournaments. First-round totals have historically leaned toward the under, with roughly 52% of games finishing below the posted total. Underdogs in the 10-12 seed range also cover the spread at a profitable rate. Another common strategy involves fading heavily bet favorites in close-seed matchups where public betting inflates the line.
How should I manage my bankroll during the first round?
A disciplined NCAA tournament betting strategy involves limiting risk on each wager. Many experts recommend betting 1-2% of total bankroll per game, even though there are 32 games available in the Round of 64. Instead of betting every matchup, focus on 8-12 high-confidence picks. Separating bankroll between Thursday and Friday sessions and using flat betting can help maintain discipline.
What player props should I bet on in the first round?
The most common March Madness first round props include wagers on player points, rebounds, assists, and 3-pointers made. Star players from major programs typically receive the most betting markets, but mid-major stars can offer strong value because sportsbooks sometimes underestimate their scoring role. DraftKings and FanDuel generally provide the deepest prop markets during the tournament.
How do I bet on March Madness first round upsets?
Betting on March Madness first round upsets often involves targeting matchups where underdogs have realistic winning chances. Historical data suggests focusing on 12-vs-5 and 11-vs-6 games, which produce many upsets. Bettors should analyze 3-point shooting percentages, guard experience, and turnover margin when evaluating underdogs. Checking public betting percentages can also reveal contrarian opportunities.
