$9 Billion: Estrimated Gambling on March Madness

[SoonerTraveler]

$9 Billion: The amount of money estimated to be spent gambling on March Madness this year. Ed Feng, who has a Ph.D. from Stanford, offered six tips to avoid losing a lot of cash; however, not one of them is not to gamble at all. (CNBC)

How a pro gambler beats the brackets
http://www.cnbc.com/id/102501391

EXCERPT

Don't overrate underdogs

"The higher seeded team has won 71 percent of 810 tournament games since 2002," Feng said, pointing out that while the upsets are more memorable, they are rare. "In the big picture, the favorite usually wins, which makes it worth trying to predict the outcome of the tourney."

 

[Sweetest OU Girl]

$9 Billion: The amount of money estimated to be spent gambling on March Madness this year. Ed Feng, who has a Ph.D. from Stanford, offered six tips to avoid losing a lot of cash; however, not one of them is not to gamble at all. (CNBC)

How a pro gambler beats the brackets
http://www.cnbc.com/id/102501391

I wonder how much he lost on ISU?