March Madness is here! Selection Sunday is is the books and the bracket is set. The 68 top college basketball teams in the country will meet in an NCAA Tournament that will follow the traditional format ending with the Final Four played at the Alamodome in San Antonio, Texas. I added this page to help Minnesota and Wisconsin residents understand how to bet on March Madness online.
On this page I will outline the following:
- Our recommended betting site for Americans looking to bet on March Madness.
- A brief breakdown of the sports betting regulatory climate in Minnesota and Wisconsin.
- Examples of the March Madness bets you can make on individual games and futures.
- A 3 step guide you can follow to place your March Madness bets online.
Best March Madness Sportsbook for Americans
- Built for American bettors
- Wide variety of competitive betting lines
- Easy to navigate betting platform
- Long history as a trusted sportsbook
Bovada.lv and BetOnline.ag are our two top rated betting sites for Americans, including Minnesota and Wisconsin residents.
Sports Betting in Minnesota and Wisconsin
At this time it is not legal to operate a sportsbook in Minnesota. There has been no notable movement towards sports betting regulation in the state, but Minnesota lawmakers seem interested in making a push towards regulated sports betting in 2026.
In Wisconsin, sports betting is currently only legal on Oneida Nation, Forest County Potawatomi Community, St. Croix Chippewa, or Lac du Flambeau Band of Lake Superior Chippewa Indians land or properties. Online sports betting is only allowed on land of tribes that have negotiated sports betting into their state-compacts.
That said, as a Minnesota and Wisconsin residents can place bets through an online sportsbook that is licensed and regulated outside of the United States. Bovada.lv and BetOnline.ag both fall into this category, as they are licensed and regulated offshore, while accepting American players.
March Madness Betting Options
It is popular to both bet on individual games throughout the NCAA tournament, as well as March Madness futures wagers such as which team will win the entire tournament.
Individual Game Betting
You can bet on each individual game throughout March Madness. Here’s an example of the odds for a college basketball game from Bovada.lv. I will outline the three popular betting options you see in the screenshot below.
**These odds are from this years Wisconsin vs High Point first round game.
- Point Spread – In this example Wisconsin is a -10 point favorite. They must win the game by 11 or more points for a spread bet on Wisconsin to win. High Point must either win outright or lose by 9 or fewer points. If Wisconsin wins by exactly 10 points then the spread bets would push.
- Money Line – This is simply a bet on who will win the game. Wisconsin is the favorite at odds of -470, so you must wager $470 to win $100 betting on Wisconsin. A $100 bet on High Point would win $345 if they pulled off the upset.
- Over/Under – This is a bet on the total number of points scored in the game by both teams. The oddsmaker sets a total (164 in this example) and you bet on whether the total points will be over or under that amount.
Check out our basketball betting page for a more in depth explanation of these three bets.
March Madness Futures Betting
Popular futures bets for March Madness include Conference Tournament winners, NCAA Tournament winner, Region winners (advance to Final Four), etc.
Here are the odds for the NCAA Tournament winner compared between Bovada and BetOnline (odds taken on March 18th):
*Odds accurate as of March 17th, 2026.
| Team | Seed | Bovada | BetOnline |
|---|---|---|---|
| Duke | 1 | +375 | +360 |
| Arizona | 1 | +400 | +385 |
| Michigan | 1 | +360 | +375 |
| Florida | 1 | +850 | +700 |
| Houston | 2 | +1100 | +1100 |
| UConn | 2 | +3000 | +2500 |
| Iowa State | 2 | +1800 | +1600 |
| Purdue | 2 | +2000 | +2200 |
| Michigan State | 3 | +5500 | +6000 |
| Illinois | 3 | +2200 | +2200 |
| Gonzaga | 3 | +4500 | +4000 |
| Virginia | 3 | +10000 | +7500 |
| Nebraska | 4 | +15000 | +10000 |
| Alabama | 4 | +12500 | +8000 |
| Kansas | 4 | +6500 | +8000 |
| Arkansas | 4 | +6000 | +5000 |
| Vanderbilt | 5 | +7500 | +6600 |
| St. John’s | 5 | +7500 | +5000 |
| Texas Tech | 5 | +20000 | +10000 |
| Wisconsin | 5 | +10000 | +10000 |
As you can see Duke, Arizona, and Michigan are the tournament favorites. I only included the top 5 seeds from each region in the odds comparison table above. The odds will change throughout the tournament. Head to either Bovada.lv or BetOnline.ag to see the current odds at either sportsbook.
Bet On NCAA Tournament in Minnesota or Wisconsin
Follow this three step guide to place your March Madness bets online. I’m using Bovada for this guide, but the steps will be basically the same if you decide to place your bets at BetOnline.ag.
Step 1. Open A Bovada.lv Account
Click the above link and complete the Create An Account form to open your account.
Step 2. Deposit
After logging in click on the ‘Deposit’ button. Choose your preferred deposit method, enter your deposit amount, and follow the instructions to fund your account.
Bovada accepts Visa, MasterCard, American Express, Bitcoin, Ethereum, and other cryptocurrencies.
Step 3. Place Your Bets
It’s time to place your March Madness bets!
- Click ‘Sports’ from the top menu bar at the Bovada website.
- Select ‘Basketball’ from the All Sports A-Z menu in the top navigation bar.
- Select either ‘March Madness’ or ‘March Madness Futures’ from the Trending Competitions menu.
- Select the odds of the bet you want to make to add the pick to your Bet Slip.
- Enter your Risk amount and click ‘Place Bets’ to lock in your wager.
Ready to bet? Click here to visit Bovada.lv.
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