March Madness betting trends
According to the American Gaming Association (AGA), Americans bet over $10 billion on March Madness games every year. Up until this season, roughly $9.7 billion of that money was bet .
Since New Jersey and six other nations have joined Nevada in launch legal sports gambling ahead of the 2019 NCAA Tournament, that amount is about to change appreciably.
Although, the AGA also estimates 10 percent of Americans age 21 and older, close to 24 million people, bet nearly $3 billion on March Madness mounts through office pools and so on.
Office pool brackets are against the law in most states. This type of NCAA March Madness betting is so ingrained in American culture the amounts are not very likely to change anytime soon.
Taking it even further, Forbes Magazine estimates the number of individuals who will put at least one bet on the NCAA Championship throughout the globe might be over 100 million.
The road to March Madness
Before the road to March Madness truly begins, college basketball teams normally play a season of up to 29 games.
The NCAA selects A total of 68 teams to either play or play their way into the NCAA tournament.
The first 32 are automatic bids given to the teams that win their respective conference tournaments, held following the regular season.
Incidentally, you can bet on regular season and conference tournament games at NJ sportsbooks too, given the games do not take place in NJ or involve NJ-based schools.
The 36 teams are forecasts.
The at-large bids are usually awarded to top-ranked teams and others who had an outstanding regular season but failed to win a conference tournament.
Read more: thenewright.news
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