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March Madness Betting: How Big Is It Really?



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

Las Vegas, Nevada (3/16/08) – 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 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 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).

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See ALL of RJ Bell’s 2008 March Madness facts & stats at

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 National Radio, Yahoo,, and in Wall Street Journal, Associated Press, LA Times,, Maxim, and Forbes.



 NCAA Tournament
 March Madness
 College Basketball
 Sports Betting
 Sports Gambling

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