March Madness Opens with Another Chalky 1st Weekend
Favorites went 29-19 against the spread between Thursday and Sunday, and they won 37 games outright.
Want to get more Covers content? Add us as a preferred source on your Google account here . Betting favorites did plenty of damage during the first weekend of the NCAA Tournament, but there were enough major upsets sprinkled in to keep March Madness' early action from becoming a bloodbath for sportsbooks.
Key Takeaways NCAA Tournament favorites went on a 22-game winning streak over the weekend. High Point, Texas, and Iowa scored the biggest outright upsets. Michigan is now the favorite to win it all and is laying the largest amount of points in the Sweet 16.
Similar to last year’s Big Dance, teams laying the points went a combined 29-19 against the spread from Thursday through Sunday, with favorites winning 37 games outright. All but one No. 1 seed advanced, while every 2-seed made it to the Sweet 16.
"It was a chalky opening weekend in the NCAA Tournament with favorites winning 22 straight games from Thursday to Saturday,” BetMGM senior trader Michael Ranftle said. “The sportsbook will be looking for a few upsets in the Sweet 16. ” NCAA Tournament betting update Favorites: 40-12 SU, -1.
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