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March Madness pools are a form of sports betting based on the annual NCAA Men's Division I Basketball Championship each spring in the United States.
The public's increasing interest in this event is fostered by March Madness pools, or brackets. A bracket is a form that can be completed on-line or printed out and completed by hand whereby the participant predicts the outcome of each game in the tournament.
His or her predictions are compared against others in the pool, and whoever has the best prognostication skills wins the contest.
The tournament takes place over three weekends starting soon after the middle of March.
Perhaps the biggest key to the tremendous popularity of the tournament is the bracket. The March Madness bracket is the grid of all the teams in the tournament and the path they have to follow to the Final Four and the championship game.
Filling out a bracket with the winners of each of the 67 games in the tournament is an incredibly difficult task, and nobody has successfully filled out a perfect bracket. Every year there are more and more places for you to fill out a bracket online to compete against everyone else out there. It's a great competition because the person who knows the most doesn't necessarily have an edge on winning the tournament because upsets are so common and the results are so unpredictable.
Because of the length of the tournament and the amount of teams involved it is one of the most popular sporting events in terms of television ratings. About 50 million Americans every year fill out a bracket for the NCAA men’s basketball tournament, aka March Madness.
The best-case scenario is to pick a champion that not many others chose. This means finding a team that has a decent shot, but is not especially popular.
The NCAA bracket has spawned an entire industry, from analysis websites to online courses, all designed to help people fill out their perfect bracket. for All for achieving bracket glory.
March madness is big business. The games are all on CBS, and the network pays millions of dollars every year to broadcast the games. That money, along with the tickets sales for all of the games, the tournament is a huge financial windfall for teams that participate. In addition, betting on basketball is also big business for handicappers and bookmakers.
The two worst teams in the tournament play in a special play-in game on the Tuesday before the tournament. The rest of the field is split into four groups of 16 teams, and those groups are seeded from one to 16. The top team in each group plays the 16th team, the second plays the 15th and so on. The winners of each game goes on to the next round and so on until only one team is standing. A team is knocked out of the tournament and has to go home as soon as they lose once, so the pressure is incredibly intense.
The tournament takes place over three weekends starting soon after the middle of March. It is also known as the NCAA Tournament, sometimes just The Tournament, or also the Final Four, which is the name given to the last four teams left in the tournament. It is very prestigious for a team to make it to the Final Four.
Now that you know everything there is to know about March Madness, head over to one of the best sportsbooks in the business to get your March Madness Bracket entry in their $10,000 March Madness Bracket Challenge!