November means one thing. The beginning of college basketball betting for NJ sports betting apps.
For some, college basketball is a favorite sport when it comes to betting. It’s notorious amongst the betting community that college hoops has a very exploitable market, and that starts with futures.
Let’s dive into the college basketball market, look at some of the betting public’s favorite bets, and more.
To Win 2020 Mens NCAA Tournament
|School||Odds to Win Title|
New Jersey teams are not included
Michigan State +600
Sparty is the favorite entering the season, and the odds have already moved from +700 to +600 since Halloween. With a vastly experienced starting five including two seniors in Cassius Winston and Joshua Langford, Michigan State is poised to make a run and comes in as the preseason favorite and preseason #1 in the Top 25.
A lack of size could be the downfall for Michigan State, but given the level of athleticism and experience it will be a tall task to bring down the Spartans.
Penny Hardaway has the Memphis faithful buzzing in Tennessee, and the new-look Tigers are one of the more popular teams entering the 2019-2020 season. Memphis has four freshman in the starting five including the number-one ranked prospect in all of basketball in James Wiseman. The talent is there, is this the beginning of one of the new powerhouses in college basketball?
Most Popular College Basketball Futures
Percentage of bet tickets placed to win 2020 Final Four.
|School||Percentage of Tickets|
The current favorite in Michigan State has brought in the majority of the bets at 7%.
Duke comes in at number two with six percent of the bets taken, but all four teams that have brought in 5% of the tickets or more are all ranked in the preseason top 10:
- MSU (1) 7%
- Duke (4) 6%
- North Carolina (9) 5%
- Kansas (3) 5%
It starts to get interesting with Memphis at 4% of the tickets, but they are ranked 14th. As aforementioned, this is a very popular team amongst William Hill bettors.
Michigan is not ranked in the Top 25, but they have received 3% of the bets, which is more than defending National Champion Virginia, who has just 2% of the bets and is ranked 11th.
Percentage of Handle
|School||Percentage of Handle|
There has been a lot of money on Duke, as they are the only team to bring in more than 10% of the total betting handle. With 6% of the total tickets on Duke but 11% of the money, there is a plethora of hope and expectation for Coach K to bring home another championship.
Michigan State is second with 9%, but that’s just a two-percent difference from the total percentage of tickets.
One notable is Washington, who is not listed in the top 15 teams in percentage of bets taken, but they have 3% of the total handle. Sharp money on the Huskies? That may be. Washington is ranked just outside the Top 25.