By: Charles Fragrassi
If you follow college basketball, then you surely are aware of March Madness. March Madness is a 64 team tournament, with the 64 best college basketball teams. The teams are ranked one through 16 based on their record, strength of schedule, and overall talent.
This year, the teams are in a “bubble” which is a bunch of hotels where the players are quarantined and not allowed to leave to prevent the spread of COVID-19.
A common part of March Madness is filling out a bracket; anyone can fill out a bracket on who you think is going to win the tournament.
If someone were to fill out a bracket and have it be perfect, they would win the Warren Buffet One Million Dollar Challenge. Warren Buffet says he would award anyone one million dollars a year for life if they were to fill out a perfect bracket. Filling out a perfect bracket is nearly impossible, in fact the odds are 1-10 billion.
March Madness is also a huge event for gamblers as the AGA (American Gambling Association) estimates 10.4 billion dollars will be gambled, while only 3% of that money will be gambled legally.
In my opinion, March Madness is one of the exciting, fun times of the year. I love filling out brackets and watching games with my friends. March Madness is expected to have record breaking numbers in viewers this year due to the fact that they couldn’t even have the tournament last year due to COVID.
For more information, please visit:
- http://www.bing.com/searchq=how+much+money+is+gambled+in+march+madness&pc=cosp&ptag=G6C13N5020D030221AEE67B61E61&form=CONBDF&conlogo=CT3210127
- “With $1 Billion on the Line, March Madness Is Ready for Its Comeback” http://www.cnbc.com/2021/03/16/with-1-billion-on-the-line-march-madness-is-ready-for-its-comeback. html
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