The Super Bowl is the largest single betting event in the US, but more money is bet on March Madness than any other series of sports events. In fact, between brackets and single-game wagering, Americans in recent years have bet in the neighborhood of $10 billion on March Madness every year.
You can always enter your bracket in the office or bar pool, just like you have for years, or any number of free bracket contests across the country. But in Tennessee, there will be more betting options for the 2021 NCAA Tournament than ever before. That’s because legal and regulated online sports betting launched in the state ahead of March Madness 2021.
Here’s how you can now bet on March Madness in Tennessee, find live odds for every game, spot the best free and paid bracket contests, and find everything else you need to know about betting on the NCAA Tournament in Tennessee.
The March Madness futures market is open all year long, allowing you to bet on any team you think might win the NCAA Tournament. Of course, the live odds change alongside a team’s chances of winning it all, which usually means the sooner you get a bet down, the better those odds will be.
Here’s a look at the current March Madness futures odds (aka the National Championship odds) for the top-15 at major Tennessee online sportsbooks. See the full NCAA championship odds board on our dedicated betting odds page.
Once March Madness begins, you’ll find the lines for every March Madness game from the top online sportsbooks and sports betting apps right here.
Tennessee sports betting is only available online and via mobile. That means you can bet on sports in Tennessee from your phone or computer wherever you are as long as you are 21 or older and inside state lines. March Madness betting will be available on licensed online sportsbooks and their apps, which you can download to your phone or tablet. No matter which you choose, if you want to bet on March Madness in Tennessee, you’ll need to start here:
Betting on March Madness starts with signing up for an account with at least one online Tennessee sportsbook. Go to the sportsbook’s website via the links on this page and fill out the required personal and account info, including your name, last four digits of your Social Security number, username and password.
Enter the promo or bonus code for your sportsbook of choice to make sure you get the best bonus available. Don’t worry, if there is one, you’ll find it here. Then, agree to the terms and conditions and submit your info.
Your age and location will be verified using your Social Security info and geolocation technology, respectively.
After you’ve registered, the process of betting on March Madness continues with a little banking. In other words, you need to get some money into your account to bet with.
If you create a new account at a Tennessee online sportsbook that has a “no deposit” or “free bet” offer, you will get an amount of bonus money added to your account that you can use to make a real bet. If you want to increase your stakes beyond the amount of your free bet or bonus, you can make a deposit of any amount.
There are a number of ways you can do this, including cash at various retail locations (e.g., 7-Eleven), credit and debit cards, online bank transfers and third-party payment processors. Open the sportsbook’s website or app and look for anything that says “deposit,” or “cashier.”
Choose a deposit method, enter a deposit amount and follow the instructions on-screen. Confirm your deposit, and the money should be available for you to bet with almost immediately.
Take a look through all the March Madness betting markets available. If you see a game line or prop bet you want to bet on, click on it. A March Madness bet slip will be created automatically. Here, you can enter the amount you want to bet, add more single bets, or turn them all into various types of parlays.
The bet slip will instantly show you the potential payout of all your bets. Once you’ve got it all in order, click “place bet,” or any similarly worded tab at the bottom of the bet slip to confirm your bet or bets.
There’s really only a couple of restrictions on March Madness betting in Tennessee. Live or in game prop bets are not allowed on college teams or athletes, and prop bets of all types are not allowed on individual athletes. That said, here are all the ways you can bet on March Madness in Tennessee:
Brackets are the way many Americans have bet on March Madness throughout the years. You simply fill out a 63-game bracket ahead of the NCAA Tournament — meaning you pick a winner for every game from the first round to the championship. You then enter that bracket into a free or paid pool or contest.
Tennessee sportsbooks will run both free-to-enter and paid NCAA Tournament bracket contests and pools where the best bracket wins.
Tennessee sportsbooks will have March Madness betting markets open for every game. That means you can place the following single-game March Madness bets:
The betting lines for a first round March Madness game might look like this:
The spread here is Tennessee –17.5, meaning it is a heavy favorite. The current odds on spread bets are in parentheses. Bet on Tennessee, and you’ll have to deduct 17.5 points from the Vols’ final score to determine the spread winner. That means the Vols need to win by 18 or more for spread bets on them to pay off.
The moneyline here is Tennessee -800 and Colgate +600. That means you’ll have to bet $800 on Tennessee to win $100, plus your bet back. Or, you stand to win $600 for every $100 you bet on Colgate, plus your bet back.
Finally, the totals line is 148. The current March Madness betting odds on totals wagers are in brackets. That means you’ll be betting whether Tennessee and Colgate will combine to score over or under 148 points.
For the most part, these lines will look the same as they do in Vegas when the March Madness game markets open in Tennessee. Of course, the amount of money bet on each side can force sportsbooks to move lines. They do this in an effort to get an equal amount of money bet on both sides so they can realize the vig and don’t need to sweat the result. That’s how sportsbooks make money.
Different betting markets in different states will see different betting patterns. As a result, the Vegas and Tennessee lines may differ by the time tipoff rolls around, particularly for games involving Tennessee-based teams.
Although no school from the state has ever won the NCAA Tournament, March Madness always seems to include a few local programs competing for the national title. The Tennessee teams with the best shot at a deep March Madness run almost always include the following three teams:
The Vols have appeared in 21 NCAA Tournaments. In 2010, the Tennessee Volunteers made the Elite Eight and lost by a single point to Michigan State.
The Tigers have appeared in 26 NCAA Tournaments. In 2008, the team reached the national championship game and lost to Kansas in OT.
The Commodores have appeared in 15 NCAA Tournaments. In 2007, the team made the Sweet Sixteen.
The top online sportsbooks in the state will run a number of free and paid NCAA Tournament bracket contests. You can fill out the NCAA Tournament bracket sheet and enter it into these contests ahead of the start of the first round.
In the past, FanDuel Sportsbook has hosted a free bracket contest with $250,000 in prizes, DraftKings Sportsbook has held a $250,000 Survivor Pool and $16,000 Second Chance Bracket Challenge. Plus, national sports media companies like Yahoo and ESPN have offered prizes.
Free contests like this can be great fun, but remember there will be an incredible number of brackets entered. Competing against so many means you’ve probably got a better chance winning the lottery.
Paid tournament bracket contests put together by the top TN online sportsbooks will have far fewer entries, giving you a much better shot. These are Tennessee-only contests, and they’re restricted to people willing to put some money on the line, making for much smaller player pools.
Just remember, upsets happen, and they are hard to predict, so most of the time your brackets will be busted within the first few rounds of games.
Fret not, there will be second-chance bracket contests that start in the second round or later. Plus, the launch of online sports betting in Tennessee means you can still bet on March Madness games, futures and props throughout the tournament.
The global COVID-19 pandemic put the brakes on the 2020 NCAA Tournament. However, March Madness should return in 2021, according to the following schedule released by the NCAA:
March Madness will be back in 2021. In fact, the NCAA Tournament is set to start with the first round featuring 64 teams on March 18 and 19, 2021.
You can watch March Madness online in Tennessee. In fact, Turner Broadcasting, CBS and the NCAA have their own NCAA March Madness Live product that gives you access to every game on almost any device.
You have to log in with your current TV provider subscription info, and it’ll tell you what channels the games are on locally. Plus, it will give you access to all 67 live games, real-time bracket info, live scores, stats and video highlights.
March Madness Live is available on all Apple, Android and Amazon devices. Plus, Roku, Xbox One, Google Assistant, Alexa, Chromecast and Airplay.
There are 32 conference tournament winners, and each receives an automatic bid into the NCAA Tournament.
Then, the NCAA hosts Selection Sunday (March 14, 2021) where it picks 36 at-large bids for the tournament. The selection committee also determines seeding, and which teams have to play their way into the first round through the First Four games.
There was no March Madness 2020 due to COVID-19. That makes Virginia the defending champs. Virginia won the 2019 NCAA Tournament, beating Texas Tech 85-77 in overtime in the national championship game to earn the school’s first ever NCAA Tournament title.
The 2021 NCAA Final Four is set for Lucas Oil Stadium in Indianapolis. The National Semifinals will be played April 3, 2021, and the championship game is set for April 5.
The NCAA Tournament is coming to Tennessee in 2021. In fact, Memphis will host the South Regional Semifinals and Final at FedExForum. That means South Regional Sweet Sixteen and Elite Eight games in Memphis on March 25, 26, 27 and 28 in 2021.
According to PrimeSport, there are NCAA Final Four ticket packages starting at $410 to $760 per person. In 2019, tickets to the two semifinal games started at $245, and you could obtain nosebleed seats for the championship game for as little as $85 each.