Michigan State Basketball

NCAA Tournament Betting Update: March Madness Day 2 Review

KANSAS CITY, MO - MARCH 22:  Sam Dekker #15 of the Wisconsin Badgers battles Reginald Buckner #23 of the Mississippi Rebels for a rebound during the second round of the NCAA Basketball Tournament at the Sprint Center on March 22, 2013 in Kansas City, Missouri.  (Photo by Jamie Squire/Getty Images)
Jamie Squire/Getty Images
OddsShark.comFeatured ColumnistMarch 23, 2013

The first two days of this NCAA tournament have served up some stunners and several close calls; however, on the whole, chalk is holding its own.

On the surprising side of things the Harvard Crimson stunned New Mexico Thursday, beating the Lobos outright as 10-point underdogs. But then Florida Gulf Coast (who?) one-upped Harvard, knocking off big bad Georgetown Friday 78-68 as 14-point dogs.

OK, who's next?

"Despite the high-profile upsets, the favorites won 23 of the 32 games played on Thursday and Friday, and went 18-14 against the spread," Jack Randall of OddsShark.com explained to me.

For the higher seeds, though, it's been a little different story. After going 12-4 SU and 10-6 ATS Thursday, the higher (better) seeds went 10-6 SU and just 7-9 ATS on Friday.

Also, after 11 of Thursday's 16 games played UNDER on the totals, Friday's O/Us split down the middle, going 8-8.

Bettors pushed several of Thursday's OVER/UNDERS in the wrong directions; four games saw their totals bet up three points or more, but all four then played UNDER those inflated totals. 

Friday bettors got a little sharper, pushing three games in the winning direction. The total on the San Diego State/Oklahoma game started off as high as 135 at some shops, then got bet down to 132 at tipoff. That game then played UNDER as the Aztecs beat the Sooners 70-55.

The O/U on the North Carolina/Villanova matchup opened at 142, then got bet up to 144. That game then played OVER as the Heels beat the Wildcats 78-71.

And the total on the Wisconsin-Ole Miss game started off at 128, then get bet down to 126. That game then played UNDER as the Rebs out-uglied the Badgers 57-46.

Finally, after going 2-4 ATS Thursday, double-digit underdogs went 4-3 ATS Friday. For the weekend the NCAA tournament betting board is offering up three more double-digit dogs.

In early betting for Saturday, Colorado State, playing for the pride of the Mountain West Conference, was getting 11 points against top-seeded Louisville; and Harvard was getting 10 points from Arizona.

Then for Sunday, Temple was getting 11 points from top-seeded Indiana.

Stats and odds courtesy of OddsShark.com.

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