Mar 16, 2015 5:46 PM
March Madness: Breaking down the numbers
March madness is here!
68 teams will be competing in the NCAA Men's Basketball Championship with games starting Tuesday night.
The process of filling out brackets in the office pool is an annual tradition, and it's also become big business.
According to a study released by the American Gaming Association last week, 40 million Americans will be filling out at least one bracket this year.
In total, the AGA estimates more than 70 million brackets will be filled out during March madness...that's more than the number of votes cast for President Obama in the 2012 election.
And there's a lot of money riding on those brackets.
The AGA says approximately $9 billion will be wagered on the tournament.
That's more than twice than the amount of money bet on the super bowl this year!
Last year, billionaire Warren Buffet offered a billion dollars to anyone who could fill out a perfect bracket. Nobody cashed in, and math experts say the odds are slim to none.
Why? Well, technically speaking, the odds of filling out a perfect bracket is one in 9.2 quintillion.
That's a nine with 18 zeros.
Your bracket may not beat those odds but hopefully it'll be good enough to pick up some cash-and bragging rights-with your co-workers.