The Conference Tournaments are over, Selection Sunday is complete and the 2026 NCAA Tournament bracket is set. The tournament is set to begin on March 17th with the First Four play-in games being played Tuesday and Wednesday, before the Round of 64 starts this Thursday, March 19th. Sixty-eight of the best teams in college basketball are set to battle it out in the NCAA Tournament to be crowned National Champions.
On this page I will break down everything related to betting on March Madness for residents of Florida. I will recommend our top rated betting site, touch at the legal climate of betting on the tournament from Florida, look at some popular bets that you can make during March Madness, and finish up with a simple 3 step guide you can follow to get your March Madness bets placed online.
Best Betting Site for Florida Residents
| Sportsbook | Bonus | Visit |
|---|---|---|
 |
100% up to $250 | Visit |
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50% up to $250 in Free Bets | Visit |
BetOnline.ag and Bovada.lv are our two top rated betting site for Florida residents looking to bet on March Madness. Both sites have served the US betting market for over a decade, with both sites building strong reputations as popular and trusted online sportsbooks.
Sports Betting In Florida
It is currently legal to operate a sportsbook in the state of Florida. Hard Rock Bet relaunched in December of 2023, and it’s currently the only regulated betting app in Florida.
Florida residents do also have the option to join and place bets through offshore betting sites that are licensed and regulated outside of the USA. BetOnline.ag and Bovada.lv both fall into this category as they are licensed and regulated offshore, while accepting players from Florida.
March Madness Betting Options
You can bet on every game throughout the March Madness tournament, as well as just betting on the tournament itself.
Individual Games
The individual games will have a variety of bets that you can make. The main three bets on a college basketball game are the spread, money line and total (over/under) and that’s no different for March Madness.
Here’s an example of how these main three betting markets will look using Miami Florida’s first round game vs Missouri from BetOnline.ag (odds taken March 16th):
Check out our college basketball betting page for a further breakdown of these three popular bets.
NCAA Tournament Winner
Another popular bet for March Madness is wagering on which team will win the tournament. You can also bet on which team will emerge from each region, etc.
Here are the odds to win the 2026 NCAA March Madness tournament compared between BetOnline.ag and Bovada.lv:
*Odds accurate as of March 16th, 2026.
| Team | Seed | BetOnline | Bovada |
|---|---|---|---|
| Arizona | 1 | +360 | +375 |
| Duke | 1 | +375 | +325 |
| Michigan | 1 | +400 | +325 |
| Florida | 1 | +700 | +700 |
| Houston | 2 | +1100 | +950 |
| Iowa State | 2 | +1600 | +2000 |
| Illinois | 3 | +2000 | +2200 |
| Purdue | 2 | +2200 | +2500 |
| UConn | 2 | +2800 | +2000 |
| Arkansas | 4 | +4000 | +6000 |
| St. John’s | 5 | +5000 | +6000 |
| Michigan State | 3 | +5500 | +5500 |
| Gonzaga | 3 | +6000 | +4000 |
| Virginia | 3 | +6600 | +8000 |
| Kansas | 4 | +6600 | +7000 |
| Alabama | 4 | +6600 | +20000 |
I included all of the teams with a 66-1 or better shot at winning the NCAA Tournament at BetOnline.ag on March 16th. These odds will change throughout the tournament. Check the up to date odds by visiting BetOnline.ag or Bovada.lv and navigating to the NCAA Tournament futures odds.
As you can see Florida is one of the favorites to win the tournament with odds of +700.
You will also notice that odds can differ significantly between sportsbooks so make sure you’re comparing odds at popular online sportsbooks before placing wagers.
Bet On March Madness Online – 3 Step Guide
Complete these three steps to get your March Madness bets placed online. I will use BetOnline.ag in this guide, but the steps are basically the same at Bovada.lv as well.
Step 1. Open a BetOnline.ag Account
Click the above link, select ‘Join Now’ on the landing page and fill out the short form to create your account.
Step 2. Deposit
Next you will need to add the money you want to bet on the tournament. Log into your new account and click the ‘Deposit’ button in the top right corner of the screen. Select your preferred deposit method and follow the on screen instructions to complete your deposit.
BetOnline accepts Visa, MasterCard, American Express, Bitcoin, Ethereum, etc. For cash outs they also offer bank wires or checks by mail.
Step 3. Place Your March Madness Bets
- Click ‘Sports’ from the top menu bar at BetOnline.ag.
- Open the ‘Basketball’ drop down menu and select ‘NCAA’ or ‘NCAAM Futures’.
- Select the bet(s) you want to make.
- Enter your risk amount on the Bet Slip, and click ‘Place Bet’ to confirm.
Check out our guide section if you’re new to betting on sports online.
Ready to bet? Click here to visit BetOnline.ag or click here to visit Bovada.lv.
Florida betting • March Madness • March Madness betting • NCAA Tournament • NCAA tournament betting