Our Favorites March Madness Upsets to Bet With bet365's Early Win Payout

Jason Logan: Senior Betting Analyst at Covers
Jason Logan • Senior Betting Analyst 21+ years betting experience
Updated: Mar 18, 2026 , 07:16 PM ET • 4 min read

bet365 is paying out any March Madness Round 1 moneyline early if your team goes up by 10+ points at any part of the game. It's perfect for sprinkling on big underdogs — and we share which ones are worth a look in 2026!

bet365 Early Win Payout moneyline bets Noah Feddersen
Photo By - Reuters Connect. North Dakota State Bison forward Noah Feddersen (34) drives to the basket.

Navigating March Madness upsets just got easier with bet365’s Early Win Payout promo for the NCAA Tournament.

No suffering through blown leads and sweating final seconds; if your First Round (Thursday and Friday) moneyline March Madness picks go up by 10 points — at any point in the game — it’s an instant winner.

If you’re looking to take advantage of this promotion and bet some plus-money plays, here are a few underdog moneyline bets that could jump out to a big lead... and quickly cash in.

March Madness moneyline upsets to target with bet365's Early Win Payout

Team Pick Region
North Dakota State North Dakota State +825 East
Akron Akron +250 Midwest
VCU VCU +120 South
Texas Texas +112 West

Cash your ML upset picks quickly with bet365's Early Win Payout!

Take advantage of the Early Win Payout at bet365, where for the first round of the tournament... you'll get paid out as a winner if your team goes up by 10+ points!

Learn more about this feature, and all of bet365's offerings, with our comprehensive bet365 review!

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North Dakota State Bison (vs Michigan State) +825

North Dakota State is a big underdog vs. Michigan State, but this team can quickly fill it up from outside and tends to start fast: The Bison are 53rd in first-half points in the country and could catch the Spartans sleeping, giving them added value on this early payout promo.

🔥 Bet NDSU +825 now

Texas Longhorns (vs BYU) +112

Texas already has a tournament win in tow after advancing from the First Four. The Longhorns are ready to roll, while BYU has been sitting since losing in the Big 12 tournament on March 12. The Cougars have also been in a tailspin since losing Richie Saunders, so it could fall behind to Texas before getting right later in the game.

🔥 Bet Texas +112 now

Akron Zips (vs Texas Tech) +250

The Zips live up to their name, playing with pace and piling up the 3-pointers. That offense can quickly bust a game open, as Akron scored the seventh most first-half points in the country, so this early payout vs. Texas Tech could come before halftime.

🔥 Bet Akron +250 now

VCU Rams (vs North Carolina) +120

The Rams have been going all out for the past month, fighting to get a ticket to the Big Dance. That mentality is much different than North Carolina’s motivations, as the Tar Heels backed into the tournament, lost their star player, and could be more focused on the transfer portal than VCU.

🔥 Bet VCU +120now

March Madness upset statistics

On average, there are 4.6 upsets (defined as an 11-seed or lower winning) per year in the First Round of the NCAA Tournament since the field expanded to 64 teams in 1985, per NCAA.com, with the most upsets in one year happening in 2016 (8).

However, with bet365's Early Win Payout, here are the number of upsets that would have been paid out over the last five first rounds:

Year Actual upsets EWP "upsets"
2025 3 3
2024 6 7
2023 4 6
2022 6 7
2021 7 9

Biggest upsets by seed

Here is also the percentage of actual First Round upsets since 1985.

Upset No. (%) Most recent
16 over 1 2x (1.25%) FDU FDU (2023)
15 over 2 11x (6.88%) Princeton Princeton (2023)
14 over 3 23x (14.38%) Oakland Oakland (2024)
13 over 4 33x (20.63%) Yale Yale (2024)
12 over 5 57x (35.63%) Colorado State CSU (2025)
McNeese McNeese (2025)
11 over 6 62x (38.75%) Drake Drake (2025)

Odds are correct at the time of publishing and are subject to change.
Not intended for use in MA.
Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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Jason Logan Senior Industry Analyst Covers.com
Senior Betting Analyst

In his 20 years with Covers, lead NFL betting analyst Jason Logan has seen it all and bet it all. Through the wild west of early Internet gambling to lobbying for legalized sports betting to our brave new wagering world, Jason has been a consistent source of actionable info and entertainment for squares and sharps alike.

Since joining the Covers team back in 2005, he honed his handicapping skills to provide audiences with the most thorough insights, blending traditional capping methods with advanced modelling and predictive analysis. Jason has studied the ins and outs of the sports betting business, learning from some of the most successful gamblers in the industry and the biggest sportsbook operators on the planet.

He is under center for Covers during NFL season as our top NFL expert, taking the points in his infamous NFL Underdogs column and representing the Covers Community at the Super Bowl. While he lives for football season, Jason's first love is basketball and that shows in his in-depth NBA, NCAA, and WNBA betting breakdowns.

On top of being a mainstay in media from coast to coast at stations like WPIX, PHL17, Fox 5 San Diego, WGNO, TSN, SportsNet, ESPN Radio, Jason's analysis has also been featured in USA Today, MSNBC, ESPN, the Wall Street Journal, CBS, Bloomberg, the L.A. Times, the New York Times and other major publications. You can also find JLo stuffing all the top picks and predictions he can into 10 minutes as the host of Covers' flagship podcast, The Sharp 600.

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