Legal March Madness Betting In Tennessee
Though the Volunteers were eliminated from the 2019 NCAA Tournament in the Sweet 16, that won’t stop gamblers from legal March Madness Betting in Tennessee for next year. With a home team always in the running between Tennessee, Belmont, or Middle Tennessee State, that state always generates a large handle. It is estimated that 1 in 6 TN residents will be wagering on the NCAA Division I Men’s Basketball Tournament, with more money on the line than ever before.
However, since there are no casinos in the state to take sports bets of any kind, TN residents can either go to Mississippi, West Virginia, or even Nevada to place their wagers or they can simply stay home and sign up to bet at a legal online sportsbook. It’s no surprise that over 90% of them choose the latter route.
Online sportsbooks and Internet betting shops like Bovada and SportsBetting (among other top sites) all accept TN customers, and signing up is free and fast. Even better, these services make it extremely simple to both deposit and withdraw your money, so you can bet on the Volunteers (or some other team, you traitor!) with ease.
March Madness Wager Types
There’s no real difference between the available March Madness wager types and regular season NCAA basketball bet varieties. That said, since March Madness is one of the largest sports-betting events in the world, there are considerably more people putting money on the games, and sportsbooks increase their wager limits dramatically to meet the overwhelming demand.
The most common March Madness wager types consist of straight-up betting (also called straight moneyline betting), over/under betting, and spread betting. After that, the more “exotic” bet types include first- and second-half wagers, team and player prop bets, futures, parlays, and an entire menu of dynamic live betting for each and every game among the 68-team tournament field.
Live In-Game March Madness Betting
Live in-game March Madness betting allows TN residents to gamble on NCAA playoff basketball during each game. Instead of requiring your bets to be posted and closed before a given game starts, live betting allows gamblers to wager on every single in-game play, from inbounds passes and fouls to threes and free-throws and everything else in between. With live betting, March Madness sportsbooks are able to offer tens of thousands of individual wagers to all of their TN members. Hit it at the right time, and you will happily cash in your wager for odds that you couldn’t even imagine.
Mobile March Madness Betting Apps
There are no mobile March Madness betting apps available to TN customers (or anyone else in the US), as Apple and Google disallow real-money gambling and betting apps on their marketplaces. However, you don’t need the App Store or Google Play to enjoy mobile March Madness betting, as all the top sportsbooks and betting shops have created mobile-optimized web portals to handle all your on-the-go basketball betting needs. Plus, since modern mobile platforms are even more secure than laptop and desktop computers for the majority of users, mobile betting is actually the safest way to wager on the NCAA Men’s Tournament.
Current March Madness Odds
Anything can happen in the tournament as Cinderella stories and upsets are the main reason everyone tunes in. Not only will you be able to bet on local Tennessee universities, but you will also be able to select odds on whichever team you desire. With the University of Tennessee bringing in another 5-star basketball talent, you can be sure that they will make another splash. Though the 2020 odds have yet to be released, we imagine they will reflect similarly to the 2019 opening March Madness Odds:
- Duke +500
- Kentucky +800
- Kansas +800
- Villanova +800
- UNC +1200
- Gonzaga +1500
- Virginia +1500
- Michigan State +1500
Best Sportsbooks For Legal March Madness Betting In Tennessee
The Internet is full of competing sportsbooks, but most of them aren’t worth your time or money. Instead, TN residents will be better served to go with the established, reputable, tried-and-true services that have been offering NCAA odds for years. The best sportsbooks for legal March Madness betting in Tennessee are – without question – Bovada, SportsBetting, BetOnline, BetDSI, 5Dimes, and BookMaker.
Each of these award-winning betting sites for sports betting in Tennessee has earned tens of millions of loyal customers over the years, and each offers easy deposits, competitive lines, and prompt payouts for their combined million-plus TN members.
Bovada - Legal March Madness Betting
As Tennessee’s favorite sportsbook, Bovada takes the lion’s share of action from the state during the NCAA Men’s Tournament. Legal March Madness betting in Tennessee at Bovada is a smooth, inspiring experience, as the site boasts the industry’s cleanest menus and top-ranked customer service. They’ve never even missed a single March Madness payout! New TN members are can claim a $250 Sports Welcome Bonus to put on the Volunteers to make a run this year. There is not even a promotional code required!
SportsBetting - NCAA Basketball Betting in Tennessee
Legal March Madness betting in Tennessee at SportsBetting turns a big handle of its own every year, with more than 100,000 TN resident members enrolled at the site. With the highest limits and most deposit/withdrawal options of any major sportsbook, SportsBetting fits the financial needs of nearly every Tennessee basketball fan. Signing up costs nothing, and new members are eligible for the company’s 100% Welcome Bonus worth up to $1,000 if you deposit with cryptocurrency. Just use the code 100CRYPTO.
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Best Deposit Methods For Legal March Madness Betting In Tennessee
No matter which sportsbook you join, you’ll have a number of deposit options at your disposal. The best deposit methods for legal March Madness betting in Tennessee will depend on how quickly you need to have your funds available to bet with. If you’re up against the shot clock, you will likely favor using credit or debit card deposits, as these transfer instantly. However, they also carry minimal limits.
For high rollers (big ballers?), personal checks, money orders, or bank wires are the way to go, albeit you’ll be waiting up to two weeks for your cash to show up in your sportsbook wallet. Bitcoin is also supported at all of the best March Madness sportsbooks, and cryptocurrency transfers are same-day, carry tiny fees, and have comparatively high limits. (Note: SportsBetting and BetOnline also accept Bitcoin Cash, Ethereum, DASH, and Litecoin.)
Best Payout Methods For Legal March Madness Betting In Tennessee
The best payout methods for legal March Madness betting in Tennessee are more limited in nature, as sportsbooks don’t offer credit/debit chargebacks anymore. Most TN residents will ask their betting shop cashiers to issue a courier check, money order, or bank transfer, which – as with deposits – take up to 14 days to clear.
Bitcoin, Ethereum, and Litecoin options are much faster, with transfers showing up the day you request them. As an added bonus, crypto payouts can appreciate on the coin market, often making your winnings worth even more!