The over has sucked in 2023 March Madness betting. Entering second-round games on Sunday, the over has hit in just 11 of 44 tournament games.
If you bet $100 on the over in each of those 44 games, you would’ve lost more than than $2,500 ROI of approximately 53%.
It’s the continuation of a trend – albeit at a dramatically worse rate – for over betting in the NCAA Tournament.
March Madness Over/Under Betting History
Since 2018, the over is 132-177 (.423) in tournament games. In four of those five tournaments, the over’s ROI was -10% or worse.
The over hasn’t had a profitable tournament since 2017 (+16%), one of only three tournaments since 2005 with an ROI of +1% or better.
| Year | Over Record | ROI | ||
| 2023 | 11-33-0 | -52.3% | 29 | 33 |
| 2022 | 31-36-0 | -11.8% | 33 | 36 |
| 2021 | 26-38-2 | -21.2% | 26 | 38 |
| 2019 | 33-33-1 | -3.9% | 31 | 33 |
| 2018 | 29-37-1 | -16.0% | 11 | 37 |
| 2017 | 40-26-1 | 16.0% | 130 | 177 |
| 2016 | 35-32-0 | 0.9% | ||
| 2015 | 30-34-3 | -9.7% | ||
| 2014 | 35-32-0 | 0.5% | 4840 | |
| 2013 | 34-33-0 | -1.4% | 0.4234527687 | |
| 2012 | 25-41-1 | -26.2% | 1210 | |
| 2011 | 31-33-3 | -5.4% | 1100 | |
| 2010 | 29-34-1 | -11.3% | 2310 | |
| 2009 | 36-27-1 | 11.6% | ||
| 2008 | 35-26-3 | 11.7% | ||
| 2007 | 31-33-0 | -5.4% | 0.4772727273 | |
| 2006 | 24-40-0 | -26.4% | ||
| 2005 | 31-33-0 | -6.0% |
Live Sports Betting at BetMGM
When the action starts on the court, why should the action stop at the sportsbook?
At BetMGM, it doesn’t; live sports betting allows you to place live bets during games. Live odds are available for thousands of college basketball games each year. You could, for example, bet on Michigan in the first half of their game against Indiana, build a moneyline parlay with three SEC teams, or place an over/under bet during the second half of the UCLA-Arizona game.
Sign in to your account today — or, if you don’t have an account, sign up today with a sportsbook welcome bonus — to start betting. And don’t forget to check updated sportsbook bonuses and promos each day of the year.
