March Madness Vegas Odds: March Madness refers to that time of year generally mid-March through the beginning of April, when the National Collegiate Athletic Association (NCAA) men’s and women’s college basketball tournaments are held.
In the NCAA basketball tournament, the best college basketball teams from all over the US are seen. It is particularly difficult to predict and very entertaining to observe. How likely are you to select a perfect key?
What is a March Madness Vegas Odds key?
A March Madness key is a way to bet on the NCAA Basketball Division I Championship. The participants try to correctly predict the team that will advance in each match.
Let us find more about NCAA Tournament Odds.
Chances of perfect March Madness Vegas odds:
If each match of the championship was defined by throwing the coin with 50/50 chances, the odds of guessing each would be 263 or one in 9220 quadrillions.
Of course, each game does not have a 50/50 chance. Many games have a big favorite, which increases the chances of selecting a perfect March Madness key.
If the odds for the pre-match favorite had hit every game in the 2018 edition of March Madness, then, by simply selecting the favorite of each game, the punters could reduce their chances of winning one at 199,207,883.
Unfortunately, the odds immediately before the matches take into account information that the key selectors would not have been able to access. As a result, there could be another favorite in a given match after the selection. The margin of bookmakers in each game is also not taken into account, which makes this figure incredibly idealistic. Read more about NCAA here.
If we take the odds before the match of the 2018 edition of March Madness, the chances of selecting the perfect key.