March Madness: By the Numbers

Let the Madness begin! Charles LeClaire-USA TODAY Sports
Let the Madness begin!
Charles LeClaire-USA TODAY Sports

Here are some March Madness tidbits, "by the numbers.

$1 billion in ad revenues -- almost more than the ad revenues during the entire NFL Playoffs!  

It is estimated that about $12 billion is wagered on March Madness games worldwide.

About $2 billion will be bet on March Madness brackets alone, by 70 million fans. 

Average price for a game ticket: $350.

Average price for a 30-second ad during the title game: $1.5 million.

With this amount of money wagered on March Madness brackets, the stock market seems to have an easier time of it.  Over the past ten years, large stocks have outperformed during the tournament (March 17th to April 6th this year).  

Number of top teams with two losses entering 2015 NCAA Tournament: two (Villanova and Gonzaga)

Number of teams with one or fewer losses: one, and that is undefeated Kentucky.

Current odds for Kentucky to win the title: 1-1.  

We will have another article on value plays for your NCAA bracket soon.

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Carlton Chin is a fund manager, MIT-trained quantitative analyst, and co-author of “Who Will Win the Big Game?" He has been quoted by the Wall St. Journal, New York Times, and ESPN -- and worked with the Sacramento Kings on the 2014 NBA Draft.