Generally speaking, betting on basketball is classified as predominantly a spread betting sport with the point spread for a specific basketball game being the most dissected betting aspect of a particular contest. And when the NCAA tournament arrives – otherwise known as March Madness – basketball betting handles skyrocket for sportsbooks during that three-week period. Best Strategies For Betting on Basketballīasketball is the 2nd most popular sport in North American betting markets each year behind football.