Discover the best in college basketball betting with our beginners’ guide for Canadian gamblers. Learn about the NCAAB divisions, how to bet on games and where to find the best sports odds and promotions. You can even open an account today on an Ontario sports betting site and claim your first free bet for the upcoming March Madness!
The NCAA (National Collegiate Athletic Association) is one of the major bodies governing college basketball in the United States. Hundreds of colleges take part in separate conferences across three divisions (I, II and III). Division I is comprised of the biggest schools with large support programs for athletes. There are even Canadian college basketball teams competing in Division II.
Canadian gaming law is starting to change. It’s now legal for Canadian sports bettors to place single wagers on college basketball teams. You can bet on individual game results or team props within a single game. You can also bet on big end-of-season championships such as the NCAA March Madness Tournament.
With single-game college basketball betting now a reality, it’s never been a better time to start gambling on the big university sides. And with Ontario going live in late 2021 or early 2022, it’s only a matter of time before other provinces follow suit.
Since 1985, parlay betting was the only form of sports betting permitted in Canada through government-run lotteries. In August 2021, single-game wagering launched on lottery platforms, and Ontario will lead the charge licensing well-known sportsbooks like DraftKings and BetMGM.
Before you start, you’ll need to understand the sports betting odds and the types of markets online sportsbooks offer. There are a lot of potential markets to bet on in college basketball, some of which are linked to individual games. You’ll also have the chance to bet on games as they happen or back championship contenders months in advance.
A moneyline bet is the simplest wager in NCAA college basketball. It’s a straight bet on the winner of a game where one team is assigned the favourite and the other the underdog.
Here’s an example:
Vermont Catamounts are taking on Hartford Hawks in a key America East Conference clash. The basketball odds are displayed on a sportsbook as follows:
Vermont are considered the favourites. The moneyline odds shown indicates the amount you would need to bet in order to win C$100. In this case, you’d need to gamble C$200 in order to win C$100 profit.
Hartford are playing away and are considered underdogs. The price is the amount you would win for a bet of C$100. In this case, it’s C$200. You would also receive your initial stake back.
College basketball also lends itself well to point spread betting. In a point spread, the favourite is assigned a points handicap before the game starts. The underdog will receive the same amount as a points head-start.
Vermont: -8 (-110)
Hartford: +8 (-110)
In our example, Vermont are given a -8 handicap and their odds change to -110. This represents a bigger price but first Vermont would have to win by more than 8 points for your bet to come in.
Conversely, Hartford have an 8-point advantage to start with. Their price drops to -110 but their odds of winning the bet also increase.
Imagine the final score is 65-63 Vermont. Hartford would have a final score of 71 with their 8-point head-start, winning the point spread in the process.
Totals betting is a popular market in many collegiate sports, including college football and college basketball. Essentially, it’s a bet on the total points scored in a game, regardless of individual team scores.
The totals market is displayed as an Over/Under and is normally shown in half-points.
Vermont vs Hartford:
Over 200.5: -110
Under 200.5: -110
In our example, the odds for over or under 200.5 points is -110. If the score ended 86-65 to Vermont, the total would be 151. Therefore, the Under 200.5 bet would win.
You can also find betting odds on events taking place further into the season. The most popular college basketball futures market is the NCAA Tournament, or March Madness.
The NCAA Tournament consists of 68 teams made up of 32 Conference Championship winners, plus 36 selected teams. March Madness is run as a knockout tournament with each round contested between seeded teams.
Canadian sportsbooks will offer basketball odds on every round of the NCAA Tournament as well the outright winner. Bet far enough in advance and you can pick up some value, especially if the matchups haven’t been decided yet.
With so many teams taking part in the NCAA Tournament each year, finding value can be hard. However, online sportsbooks will often post big prices on a range of teams to entice speculative sports bettors. This is where you can use a free bet offer to snap up any big odds.
Prop betting will also be permitted on college basketball games. Props are markets on specific outcomes during a game. Oftentimes, prop bets will have little bearing on the result of the game itself.
Team prop bets are wagers on specific team totals. Props can include wagers on points for specific quarters or halves.
Some CA sportsbooks will provide college basketball odds on individual player points. You should always check the version of the sportsbook where you live to see what’s allowed.
Typically, player props are Over/Under bets on markets such as Total Points and Total Rebounds. For instance, a star player for Baylor might be -125 to score over 20.5 points in the game. If they score 20 points, you lose. You’ll win if the player bags 21 points or more.
Online CA sportsbooks should also allow in-play betting on college basketball. Live betting is wagering on NCAA basketball games as they happen. You can follow the action live on TV or track the graphic visualizer to study key plays. The basketball odds will change in real time before your eyes!
In-play betting is a great way of securing a profit when you have more information on how a game is playing out. You may have a feeling about Vermont vs Hartford before the game, but you decide it’s better to wait for the game to start.
As it turns out, Vermont race into a 1st Quarter lead and their moneyline odds drop. But as the 2nd Quarter starts, Hartford make a strong comeback. There could be some value in betting on Hartford to win the 1st Half at +240, even if you don’t think they will win the game.
Other in-play markets will open up too. By the end of the 1st Half, 89 points have been scored in the game. The game’s Total Points odds have changed and now read:
Over 136.5 (-130)
Under 136.5 (+100)
The sportsbook predicts a high-scoring game and make Over 136.5 the favourite. However, watching the game, you notice the action is beginning to slow. You think there won’t be too many more slam dunks and sense a value bet in Under 136.5 at +100.
It’s important you work out how you are going to choose your college basketball bets before you make them. You may study the form or recent head-to-heads. You may look at which stars are slam-dunking for fun right now, or you might look for underdogs being undervalued in the markets.
You can make clever college basketball picks by knowing how the public are betting. Statistics websites track how the public are betting on NCAAB markets. These stats show the consensus, or betting percentages.
Essentially, they help you decide whether you want to bet with the public or against them. You may agree with the public money and want to follow it. However, the sportsbooks’ odds will certainly be lower because of the risk to their overall returns.
Alternatively, you may want to ‘fade the public’ and deliberately bet against the consensus. This ‘contrarian’ method is common among professional gamblers. They look for value in markets where most of the money has gone on the home side or a hot favourite. The smart cash, the pro gambler feels, should go on the other team.
Sportsbooks will usually alter their odds to save their position. A heavily-backed home side may end up odds-on. That doesn’t mean they have a better chance of winning but it could just represent the sheer amount of money being bet on them. This can happen if a home team attracts a large number of bets from gamblers in the same state. This is the ideal time for a savvy gambler to bet the other way.
NCAA basketball offers gamblers a wealth of betting options. You’ll have hundreds of bets to choose from on individual games, and not just on the straight moneyline, totals and point spread markets. Here are a few simple tips to get you started.
Good Canadian sportsbooks should offer in-depth stats and analysis on individual matchups. This information is free and provides an insight into how well teams perform against one another.
Statistics also provide records on how star players perform against each other. You’ll find average points, assists and shooting percentages. All this information is vital when calculating moneyline bets or props.
Home advantage is often overlooked when making college basketball bets. Players perform better on home turf and also benefit from being surrounded by a full house of their own fans. NCAAB sides enjoy a bigger percentage of home wins compared to their professional NBA counterparts. While some teams enjoyed a home win percentage of 66-67%, others had winning percentages of 80% or greater.
There’s little value in NCAA basketball moneyline bets. That’s why it can pay to find decent prices in the point spreads. Betting against the spread (ATS) can reap dividends if you know where to look.
You will get much better odds on big favourites who have a heavy point handicap prior to the start of the game. This is where you can make profits if you know which favourite to back.
Similarly, an underdog may have a better chance of winning you your college basketball bet if they start with a healthy points advantage. You may not like the look of Orlando at +200 on the moneyline, but with a +6.5 point head-start, the odds-on price looks more appealing.
Canada has been slow in legalizing online sports betting. Not anymore. In 2021, a federal law paved the way for provinces to allow single-game betting on college basketball and a range of top North American sports.
As in the USA, the single-game sports betting bill – C218 – doesn’t open the whole country to the well-known brands for online sports betting. Single-event betting joined parlay betting options at government-run lotteries in August 2021. This bill allows for Canadian provinces the chance to regulate and license individual sportsbook operators such as DraftKings, FanDuel, and others themselves.
Ontario is poised to be the only province looking at independent operators, and we expect these to launch in the new year. Canadian gamblers can finally move away from unregulated online sportsbooks to risk their money safely on college basketball betting at licensed websites.
College basketball betting is here to stay in Canada. As more and more provinces come online, the range of markets and offers will only grow bigger. That also means more competitive odds on the biggest NCAA basketball games.
Find out where you can bet today with our up-to-date guides to Canadian sports betting . We only rate and recommend the best legalized NCAA basketball betting sites in Canada. Sign up with a trusted online sportsbook where you live, use the promo code, and claim a risk-free bet or deposit match bonus.
Related: Check out New Betting Sites For bonuses and offers.
"Jon Young is a writer and magazine editor with over 12 years' experience in the gaming sector. He has written on everything from poker and slots to casino, sports betting and mobile gambling. When not trying to take down the Mega Moolah jackpot he can be found playing poker tournaments in casinos."