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The risks and rewards of sports betting for March Madness

Published March 10, 2025

March Madness is one of the most exciting times of the year for sports fans. The tournament brings high-stakes games and opportunities to test your basketball knowledge. For many, sports betting adds an extra layer of excitement to the tournament. But before you place your bets, it's important to understand the risks and rewards.

Sports betting can be a fun way to engage with March Madness. Creating a bracket or participating in a pool with friends can add to the excitement of each game. Remember to set limits and treat it as fun entertainment rather than a way to make money. It's important to know how to reduce gambling related harms.

The thrill of betting can spiral into trouble if you’re not careful. Many people underestimate how fast small bets add up. This is especially true with games happening back-to-back throughout the tournament. Gambling should never interfere with your finances, relationships or mental health.

If you’re new to sports betting, set a budget for your wagers and stick to it. Use legal and reputable platforms to ensure fair play. Remember that March Madness is unpredictable—no strategy guarantees a win.

Have a concern about your or someone else's gambling? Know that help is available. Reach out to Your Life Iowa for free, confidential support. Play safe! Enjoy the tournament! Let the games bring joy and not stress.