March Madness Gambling trends
According to the American Gaming Association (AGA), Americans gamble more than $10 billion on March Madness games each year. Up until this year, approximately $9.7 billion of that money was bet illegally.
Considering that New Jersey and six other nations have joined Nevada in launch legal sports betting ahead of their 2019 NCAA Tournament, that number is going to change significantly.
Although, the AGA also estimates 10% of Americans age 21 and older, close to 24 million individuals, bet nearly $3 billion on March Madness mounts through office pools and the like.
Office pool brackets that are paid are against the law in most states. But this type of NCAA March Madness is ingrained in American culture that the amounts aren’t very likely to change.
Taking it even further, Forbes Magazine estimates the number of individuals who will place a minumum of one wager on the NCAA Tournament could be more than 100 million.
The road to March Madness
Prior to the road to March Madness begins college basketball teams normally play a season of around 29 games.
The NCAA selects A total of 68 teams to 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 after the regular season.
Incidentally, you can bet on regular season and conference tournament games in NJ sportsbooks too, provided the games do not occur in NJ or demand NJ-based schools.
The 36 teams are at-large bids picked by the NCAA Selection Committee.
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: http://www.razi-medlab.com/2019/09/25/top-brazil-sports-betting-sites-2/