A Brief Summary of the College Basketball Betting Landscape
Continuing our series of how-to betting articles, let us now have a look at college basketball, among the most well-known sports in America. Together with NCAA regular season games in full swing, what better time is there to learn about the ins and outs of college basketball gambling?
Though the vast majority of gambling action comes in the springtime when conference tourneys give way to the Big Dance, there’s still an entire period of matches to select from from November to March. Honing your betting knowledge through the regular season will undoubtedly give you a leg up going into tournament time when the stakes are higher, the plot thickens, and the pot sweetens. Each year as spring approaches, fans and bettors alike find themselves absorbed by the hype that is March Madness. Of all the sports events in America, none need more energy, more analysis, and more focus compared to the NCAA Tournament.
From workplace pools to ESPN Bracketology, there is absolutely no lack of avenues for people to get in on the action. In fact, it’s estimated that advertisers spend more than $1.15 Billion annually around the near-month long occasion. And, according to an annual report issued by Challenger, Gray & Christmas, companies incur an estimated loss of $1.9 Billion annually because of employees being”diverted and unproductive” during the tourney.
Then there’s the betting side of things. Easily considered one of the biggest sports betting events in the world, that the NCAA Championship offers individuals various chances to place wagers–67 matches to be precise. The outcome? Over 70 million brackets are filled out each year–generating an average of $9 Billion in stakes, with just $240 million of the going legally to Nevada sportsbooks.
That having been said, let’s take a look at the different kinds. These are the same as those you can put on NBA Games as you may expect. Nonetheless, we’ll go over them and, very similar to previous how-to articles, we’ll examine some key numbers and statistics to consider when placing your bets.
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