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Every March, the sporting
world's attention turns to college basketball.
In Las Vegas, March Madness is second only to
the Super Bowl in attracting attention to the
casino's sportsbooks. And the Super Bowl is only
for one day; March Madness lasts weeks.
Whether you make a habit
of betting on March Madness or you are a casual
college basketball fan who likes to fill out NCAA
basketball brackets, there are a few things you
should know.
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First, you'll want to find
out what teams are hot. Finding an underrated
team and riding its hot streak can win a college
basketball bracket.
In 2005, fourth-seeded Louisville
made it all the way to the Final Four. They also
made anyone who picked them in their March Madness
bracket look pretty smart. Along the way, Louisville
knocked off top-seeded Washington and seventh-seeded
West Virginia. In contrast, whoever picked second-seed
Wake Forest or third-seed Gonzaga in Louisville's
draw saw their bracket bust early.
Michigan State also wrote
a miraculous how-to story for March Madness bracket
players in 2005. The Spartans knocked off top-seeded
Duke in the regionals and second-seeded Kentucky
in the national semifinals.
Speaking of underdogs, in
2003, third-seeded Syracuse made a few NCAA basketball
brackets golden and ruined a whole lot more by
not only getting to the Final Four, but also winning
the school's first national championship. Syracuse
knocked off two top seeds in the process.
Of course, it's often the
top-ranked teams that win it all - North Carolina
last year, for example - but you should know most
people are going to pick basketball schools like
Duke, Kentucky, Kansas and UCLA in their NCAA
bracket. It's the bracket picker who can identify
the schools that might surprise who will win NCAA
basketball bracket competitions most of the time.
The popularity of filling
out March Madness brackets has even resulted in
the creation of a new term: Bracketology. This
term is also used to describe how the NCAA selection
committee picks at-large bids to round out the
65 teams in the men's tournament.
In fact, everyone who fills
out an NCAA bracket should know how teams are
selected and seeded.
Thirty teams qualify automatically
by winning their conference tournaments (or regular
season, as the case is with the Ivy League, which
does not hold a conference tournament). That leaves
35 teams that receive at-large bids.
Most of the bids come from
the following major conferences: the ACC, Big
East, Big Ten, Big 12, SEC, and Pac-10.
Remember that when comparing
the records of teams from major conferences to
records of teams from weaker conferences that
the teams from major conferences have to play
a much tougher schedule. For example, Duke from
the ACC must play teams like N.C. State, North
Carolina, Virginia, Miami, Florida State and Maryland
in the regular season. In fact, they must play
them twice, and some a third time during the conference
tournament.
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On the other hand, a team
like Gonzaga will have their toughest games against
non-conference opponents, and those are few and
far between throughout the regular season.
One of the best ways to value
a team before you fill out your March Madness
bracket is with the Ratings Percentage Index,
or RPI. The weights are 25% winning percentage,
50% strength of schedule, and 25% opponents' strength
of schedule.
Of course, whether you agree
with the weightings or not might determine how
you fill out your NCAA basketball brackets. Remember
that a team with a very good winning percentage
but a weak strength of schedule will be punished
in the RPI ratings. But in playing those difficult
games, those teams may have acquired the mettle
it takes to be bracket busters. And you should
pay attention to that fact.
Here's to an enjoyable
and profitable month of March Madness betting!
More
articles from the March Madness Betting Guide:
* Previous - Final
Four Betting: How Big of a Role Will Leadership
Play?
* Next - The
March Madness Point Spread: Getting the Jump on
Oddsmakers
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