Unlike other NCAAB tournaments, every men’s college basketball team tries to get into March Madness because it determines the Division I national champion. It’s the most anticipated college basketball tournament each year – by both players and fans.
As a bookie, you have an opportunity with your betting fans to help set up betting pools at businesses and sports bars for basketball, as well as other sports. Friends and colleagues coming together because of sports is always a great bet. That is especially true with the social distancing we’ve all had to deal with over the last couple of years.
According to Challenger, Gray and & Christmas and outplacement firm, US employers lose around $13.3 billion in productivity during the March Madness tournament. While some companies see this as an outrageous cost to their company, many businesses see this tournament as an opportunity to have happier employees. Sports office pools are an excellent way for employees to connect, take their focus away from work, and relieve stress.
Some also see the tournament negatively because they feel that it takes away from viewership of the regular season for many college teams. The focus on the tournament makes the regular season less exciting. The teams that won’t be making the tournament will have an even more challenging time. But that’s true of most sports. When there are plenty of games in the regular season, they don’t mean as much, so the betting can be sparse.
Playoffs are Built for Bettors and Bookies
But once you hit the playoffs, which the March Madness tournament essentially is, the intensity grows as teams get eliminated, players get injured, and fans get on the bandwagon.
What’s the main difference between March Madness and the regular season? I think a big part of it is that it’s single-game elimination. How else can you take 68 teams and whittle them down to one team in a matter of days? Every game is do or die. Even as you get closer to the winner’s circle, you are still one loss away from being knocked out of the tournament.
In other words, the winning team is the only team that didn’t lose the whole tournament. That is a lot of intensity. No wonder those buzzer beaters are so exciting. In that single shot, the thrower takes his losing team and turns it into the winning team. The thrower takes his team from elimination to one more kick at the can.
During their regular basketball season, they can have losses here and there, but it won’t have a significant impact unless they have many losses. The stress of not even having one loss during the entire March Madness tournament makes it so different from the regular season.
Plus, many of the players are in their last year, which means they will no longer be playing basketball at this high-competitive level unless they are one of the lucky ones to make it into the NBA. They might have a shot if they make it to the Final Four. So you know they will be giving it their all.
Upsets and Surprises
Some upsets can happen because it only takes one game to make a difference. If it were best 2 out of 3 or 3 out of 5, the stronger teams would generally win. This might be why no one has ever gotten the bracket correctly. There are too many chances for an upset. As I say, it only takes one bad game to be knocked out of the tournament.
Is it any wonder that sports bookies like this basketball tournament? It’s not just one night or one weekend of betting. It’s weeks of testosterone-fueled basketball games. It gets more exciting to bet on as the tournament progresses and the Madness builds.
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