Betting on March Madness in North Carolina as Wake Forest Chances Plummet

In a surprising development that has reverberated throughout the collegiate basketball scene in the A.C.C., Wake Forest, a favored team from North Carolina, has seen a decrease in their likelihood of securing a spot in the 2024 NCAA Tournament after suffering a narrow 70-69 defeat against Georgia Tech earlier this week.

Note: Check the official NCAA men’s basketball rankings as of the time of publication here.

Wake Forest's odds for March Madness got a boost after fellow ACC team the Syracuse Orange, fell to the Clemson Tigers in a 90-75 defeat on Tuesday, March 6th, just days before sports betting will officially launch in North Carolina on Monday, March 11.

This is the current situation:

How Wake Forest’s March Madness odds changed

After Syracuse's loss to Clemson, which had significant implications for the A.C.C. standings, DraftKings Sportsbook promptly adjusted its odds. 

One of our Best Sportsbooks, they are now offering +23000 for a bet on Wake Forest winning the NCAA Tournament, a notable change from when they were still in play for a spot last week.

RELATED: The Best North Carolina Sportsbook Pre-Launch Promos

This adjustment reflects a growing confidence by the sportsbook in Wake Forest's inability to secure a spot in the tournament, as this latest development in the ACC now leaves Wake Forest with just a 14.5% chance of making the tournament on TeamRankings.com.

Note: You can bet on March Madness with DraftKings Sportsbook by clicking here. If you live in North Carolina, the next section details how to pre-register with DraftKings NC, allowing you to bet on local Wake Forest beginning next week and get a $100 pre-launch bonus as well.

In light of these events surrounding Wake Forest's tournament prospects, Dimers' betting insights advise caution. Our predictive analytics model gives Wake Forest just a 0.4% chance of winning the tournament.

How to bet on Wake Forest and North Carolina Teams

For residents of North Carolina interested in supporting Wake Forest despite their uphill battle to make the upcoming March Madness or ACC Tournament, the timing is advantageous. 

DraftKings, among other sportsbooks, is launching in North Carolina next Monday. By registering with DraftKings before March 11th, NC bettors will receive $100 in bonus bets—no deposit necessary—on the following Monday. 

This allows fans to back Wake Forest or their favorite North Carolina team using these bonus bets, with any potential winnings available for withdrawal as cash.

A.C.C. College Basketball Outlook Ahead of March Madness 2024

With UNC and Duke leading the ACC with identical 24-6 records, the competition remains intense. Wake Forest, ranked outside the Top 40 by Dimers.com in terms of their chances of winning the 2024 NCAA Tournament, still holds aspirations for a March Madness berth, showcasing their resilience and the unpredictable nature of college basketball. 

However, the journey to the tournament is laden with challenges, particularly considering the dominance of ACC powerhouses like UNC and Duke. 

To fulfill their March Madness ambitions, Wake Forest must surpass conference rivals Syracuse and Virginia, who hold 53% and 24% NCAA Tournament chances, respectively.

Dimers’ North Carolina Betting Resources

North Carolina Sportsbook Pre-Launch Promos

North Carolina Betting FAQ

Best DFS Promos in North Carolina

Our Best Reviewed Sportsbooks

March Madness Futures Predictions

March Madness Bracketology 101

ACC Tournament Player Prop Betting

Dimers and Responsible Gambling

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