March Madness Betting: How Big Is It Really?

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March Madness Betting: How Big Is It Really?

03/16/2008 11:16 AM · RJ_Bell

FOR IMMEDIATE RELEASE

The only sports bettor on Forbes recent list of Gambling Gurus, RJ Bell of Pregame.com provides eye-popping March Madness information found nowhere else.

Las Vegas, Nevada (2/16/08) The NCAA Tournament is the biggest sports betting event of the year. As with many sports gambling subjects, a shocking amount of false information is cited by the news media in regards to the true amount bet. RJ Bell of Pregame.com has compiled trustworthy consensus estimates from his discussion with numerous industry experts.

Over 12 BILLION dollars is expected to be bet on college basketball throughout the 2008 NCAA Tournament!

The most popular way to bet is bracket-style office pools where participants pick the winners of all bracket match-ups all the way to the championship game before the tournament begins. "Over 40 million Americans are expected to take part in bracket-style office pools" said RJ Bell of Pregame.com. Stakes range from a few dollars to enter, to many thousands of dollars.

The remainder of the 12 billion is conventional Las Vegas-style betting. An estimated 55% of that amount will be with illegal bookies, 44% with online sportsbooks, and less than 1% in Nevada (the only state with legalized sports gambling).

MEDIA NOTE: Print, radio, TV, and Internet media should feel free to quote any information above. Please attribute: RJ Bell of Pregame.com. RJ Bell is available for any follow-up questions or media appearances at: rjbell@pregame.com

See ALL of RJ Bells 2008 March Madness facts & stats at /madness-facts

RJ Bell, president of /, has been featured on CBS News with Katie Couric, ABC News with Charles Gibson, Nightline, Sportscenter, Outside the Lines (ESPN), First Take (ESPN2), ESPN.com, ESPN National Radio, Yahoo, AOL.com, CNN.com and in Wall Street Journal, Associated Press, LA Times, Newsweek.com, Maxim, and Forbes.

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Topics: Theory CBB march madness rj-special

RJ_Bell

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RJ Bell is the founder of Pregame.com – a two-time INC. 5000 company, as well as the largest American digital media organization covering Las Vegas news and odds. Pregame is the exclusive odds provider... Read more