As the name suggests, March Madness futures allow you to bet on key things at the tournament that will be decided at a later date, most notably which team will win it. Sportsbooks often offer these markets as early as the NCAA college basketball regular season, although they are also available to wager on in the build-up to and during the tournament itself.
As a result, March Madness futures odds can change significantly over a long period of time, depending on factors such as a team or player’s performances, injuries and team news, seeding announcements, and coaching changes. This also means that the markets can provide an opportunity to get good value from the odds if you time your bet right, although the single-elimination format and upset-heavy nature of the tournament makes them difficult to call.
Aside from which team will be crowned champions, there are plenty of other March Madness futures also popular with bettors. These include whether a team will qualify for the tournament and reach the Final Four, and which player will win the Most Outstanding Player (MOP) award.