March Madness betting trends and upset wagers

March Madness betting trends and upset wagers

Source: March Madness

Summary

Since 2008, 12-seeds are 28-40 against No. 5 seeds, while No. 11 seeds have gone nearly .500 (37-39) in the first round since 2006. Oddsmaker Johnny Avello notes that upsets have occurred in these matchups, causing point spreads to shrink. Avello has seen several lower seeds become more competitive, including No. 11 South Florida and No. 12 High Point.


Our Reading

The game followed a familiar script.

Upsets are always lurking, and it’s no surprise when lower seeds pull off an upset. This year, it’s no different, with several lower seeds already making their mark.

No. 12 High Point’s upset over No. 5 Wisconsin was a shock to many, but it’s a reminder that the NCAA tournament is all about surprises.

With point spreads shrinking, bettors are taking notice and adjusting their wagers accordingly.

As Avello said, “That’s where you take shots and that’s where, you know, the upsets have occurred.”