Coincidentally, I just built a 70gallon (48 x 18 x 18) plywood recently, but only because I had some scraps of plywood and a sheet of glass already on hand. I normally would not suggest anything smaller than a 120gallon plywood tank; that's a size that is easy to build using one 4x8 sheet of plywood with almost no waste. And even then you aren't saving any money; as others have suggested, 300+ is where the financial benefits of plywood really start to kick in.
You want 3/4-inch plywood, with good-one-side being the minimum quality. That good side goes on the inside; if you want to finish the exterior (rather than building it in or applying some sort of covering) then you might want to go with good-both-sides. Don't even consider MDF! 3/8 glass is probably fine, but being a belt-and-suspenders guy I always upsize to 1/2inch. Lots of threads to read here and elsewhere, lots of helpful tips to glean. If you go with 75gallon, or even up to 120 (or any size that is not in excess of 24 inches deep), then don't go crazy with structure; a simple box of 3/4 plywood glued and screwed together is perfectly adequate. Yes, water is heavy and applies pressure...but you're building an aquarium, not a prison for the Hulk. Not a difficult task, very satisfying when completed.
When your tanks are going into a living room setting, rather than a basement fishroom, the peace of mind you get from a solid wood tank compared to an all-glass is very comforting. All-glass tanks do occasionally just let go; doesn't happen often, but it does happen. Plywood tanks might have a slow, fixable leak, but are much less likely to experience that kind of catastrophic failure.