March madness betting picks
The sheer number of games and variety of ways to wager make it a huge time for sportsbooks.Before we get into more details about how to bet on March Madness.You may want to take a closer look at our post on where you can bet on March Madness games.Estimates from sources like the Dallas Morning News and the LA Times on how much cash is wagered legally through licensed sportsbooks on the ncaa basketball tournament range from 100 to 227 million.
A source from the FBI has been"d often in related articles, saying that organization estimates illegal wagers of around.5 billion in the United States alone, just during the March Madness tournament.A leading betting analyst.J.Bell, estimates on his site that the worldwide amount of wagers on college basketballs biggest tourney could be as much as 12 billion.For the record, thats billions more than similar estimates for worldwide wagering on the.
Super Bowl, and something akin to the size of wagers during the fifa World Cup.Which only takes place every four years.Other analysts and sources cite a common figure for how many Americans will bet on the tournament in a given year 50 million.The news media often report on the billions of dollars of lost wages to industry due to time spent completing ncaa tournament brackets.Forbes magazine estimates that the total number of people who will place at least one bet on the tournament worldwide.
Could be over 100 million.Thanks to changes to the tournament layout in 2011, there are now 64 games played during the ncaa Division 1 Mens Basketball Tournament every year, which means bettors face a ton of games to pick, particularly in early rounds.This, combined with the difficulties of understanding such a diverse field of teams make this one of the brainiest and most challenging championships to bet.