As a March Madness handicapper, you should be well-aware that there are certain pitfalls out there just waiting for you. It is possible to win good money betting on March Madness, but you have to be crafty and careful when making your selections. With that in mind, here are three critical mistakes that you must avoid in order to find long-term success.
Don’t follow the herd
Herd mentality in March Madness picks will crush you. Be willing to go the other way if you have the opportunity to do so. Make sure that you are thinking critically and not just following the conventional wisdom on a given game, as the conventional wisdom can be quite poor at times
Don’t bet all favorites
Points matter in the tournament, and underdogs are often there to give you good value. Just like in the regular season, you will lose if you focus only on the favorites. Try to inform yourself on some of the lesser known teams so that you will be more comfortable making bets on those teams as the tournament draws near.
Don’t underestimate the value of a few points
If you make NFL picks, then you know that 3.5 points in that league can often be quite a lot. In March Madness, four or five points is huge. Teams play hard to the end, and games are often close. What this means is that you cannot just discount a few points. If you are betting a favorite, it is not a foregone conclusion that a team that wins will win by more than a few. Lots of March Madness games come down to the wire, and you need to recognize the value of a handful of points.