The 2007 NCAA Basketball Tournament Has 30 Million Americans Involved in Office Pools
Dang, no wonder why work suffers so much this time of year.
Call it a productivity slow down or whatever, but the 2007 NCAA Basketball Tournament will have its day, or shall we say several days starting today (March 15) and continuing to the national championship game on Monday, April 2.
Between now and then 64 teams will be whittled down to 2. This is a loser out affair, only winners advance in what is traditionally called The Big Dance. The 32 winners on Thursday and Friday will play again Saturday or Sunday.
By late Sunday night, the season will have ended for 48 teams as only 16 will advance to the third round next Thursday and Friday. These 16 are known as the Sweet 16. Two days later, 8 more teams will been eliminated and we will have what is known as the Elite 8.
Then the Final 4 and finally the national championship game.
So how will 30 million Americans be involved? Simple, office pools.
Experts estimate that more than $2.5 billion (yes, billion) will be wagered this year. For those of you who are counting, that is more than was bet on the last Super Bowl. And only 4% of the $2.5 billion will be wagered "legally" in Nevada.
Mathematical types will be overjoyed to know the odds of picking a perfect bracket.
Are you ready? It is 9,223,372,036,854,775,808 to 1. Please do not ask me who figured this out.
This number is a tad more than Bill Gates' fortune. It is 9 quintillion to 1, or a billion times as big as 9 billion. Good grief.
You might want to think of it his way: if every man, woman and child on planet Earth randomly filled out 10 million brackets each, the odds would be LESS than 1% that even one would have a perfect bracket.
This thought would be according to one RJ Bell of Pregame.com. If you know who RJ Bell is, you have probably been gambling online at some point in time.
It may be a little late for some advice on who to pick as the winner in the office pool, but RJ Bell offers these pointers:
(Editor's Note: These statistics cover the last 21 years of the tournament, since the tournament expanded to 64 teams in 1985.)
- In Round One, be very selective picking any team below a No. 12 seed to win. No. 16 seeds are 0 for 88 and No. 15 seeds are only 4 for 88.
- If you are looking for upsets, No. 12 seeds have beaten No. 5 seeds in 11 of 24 games the last 6 years, and No. 9 seeds have a winning record against No. 8 seeds.
- In Round Two, advance No. 1 seeds almost automatically, they win their first two games 86% of the time.
- Keep advancing the No. 12 and No. 10 seeds you picked to win in Round One. They win almost half the time in Round Two.
- Only 9% of the teams seeded No. 13 or lower advance past Round Two the first weekend.
- In the Sweet 16, advance exactly three of the No. 1 seeds as only 70% of the No. 1 seeds advance into the Elite Eight.
- No team seeded No. 12 or lower has ever advanced into the Elite 8.
- Advance one or two No. 1 seeds to the Final Four. Amazingly, exactly one or two No. 1 seeds have made the Final Four 18 of the last 22 years.
- Advance no team lower than a No. 8 seed to the Final Four as only 2 of 88 Final Four teams have been seeded lower than No. 8.
- Advance no team below a No. 6 seed to the championship game as not a single one has made it in the last 21 years.
- Pick a No. 4 seed or higher to win it all as a No. 4 seed or higher has won the championship for 18 straight years.
Good luck and stay tuned. I may have more coverage on this exciting tournament in the days ahead.
Copyright 2007 Ed Bagley
Ed Bagley's Blog Publishes Original Articles with Analysis and Commentary on 5 Subjects: Sports, Movie Reviews, Lessons in Life, Jobs and Careers, and Internet Marketing. My intention is to inform, educate, delight and motivate you the reader.
Read my movie review on "Coach Was Color-Blind, He Only Wanted to Know If You Could Play Basketball" and my 4 basketball articles on the 2007 NCAA Basketball Tournament detailing Florida's National Championship.
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