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NCAA Basketball Tournament
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Published: January 24, 2007
There is nothing quite like the blaring bands, screaming crowds and gleaming lights that characterize March Madness. The NCAA Basketball Tournament has spawned betting schemes, television shows and, if you're Dick Vitale, its own language. For the uninitiated here's a short look at some of the things to know about the 2007 NCAA Basketball Tournament.
There is an amazing amount of hoopla surrounding the NCAA Basketball Tournament.
Every year, the National Collegiate Athletics Association selects the top 65 teams in the nation who had competed in Division I-A basketball and fills out brackets. The winner of the NCAA Basketball Tournament will ultimately claim the title of national champions.
The selection of the 65 teams is broken down in a three hour special called “Selection Sunday March 11, 2007”. The participants for the men's and women's brackets are selected based on their records, seeded and put into regional brackets based on the cities hosting the NCAA Basketball Tournament. This year's men's NCAA Final Four will be held in Atlanta, Ga. The women's will be in Cleveland, Ohio. These events draw tens of thousands of fans to their host cities every year along with millions of dollars of business.
The NCAA Basketball Tournament is known for its tradition of inspiring Cinderella stories. The NCAA Basketball Tournament is a single-elimination tournament that brings young, hungry teams against powerhouses like Duke and North Carolina. As a result, almost every year finds an undermanned, seemingly overmatched team that makes an inspiring run. For example, in the 2006 NCAA Men's Basketball Tournament, unheralded George Mason University made it all the way to the Final Four before losing to eventual winner Florida.
The NCAA Basketball Tournament tickets can be quite pricey if they aren‘t purchased early. To sit courtside for the Final Four with tickets from a relatively reputable vendor can cost between $2,000 - $3,000 and that's not including hotels or other amenities. Scalpers on NCAA Basketball Tournament tickets on the weekend of the Final Four can skyrocket to three times that amount. Upper deck seats will run into the few hundreds of dollars, which is considerably more affordable, but ill advised as the Georgia Dome is a football configured stadium and might offer low visibility for basketball.
For fans of the women's game and more budget minded consumers, the NCAA Women's Basketball Tournament can provide just as much excitement with a lot less devastation in the pocket book. Considered more skills minded and less dynamic than the men's game, women's college basketball suffers from a comparatively minor stature from its big brother. However, it isn't any less fun to follow your favorite team through the brackets.
The 2007 NCAA Basketball Tournament tickets are currently sold out for the women's tournament. The tickets ran in the hundreds, as opposed to thousands, of dollars for lower deck seats. An additional advantage the women have over the men in this regard is that the Quicken Loans Arena was designed with basketball in mind, giving every seat a great view of the court.
A lot of people use the NCAA Basketball Tournament for a unique betting game in which players fill out brackets by determining the winner of each match up in the first round and then attempting to decipher the eventual winner from there. This has earned Cinderella teams like George Mason the additional honor of being Bracket Busters for their improbable runs' effects on gamblers' predictions. Millions of dollars are tied up in the brackets every year, though the chance of correctly predicting all 63 games is around 1 in 150 million.
The 2007 NCAA Basketball Tournament promises to be equal parts great fun and agony for gamblers, sports fans and school alumni alike. Whether watched on TV or in the stands, the NCAA Basketball Tournament is one of the greatest spectacles of sport every year. It's no wonder they call it March Madness.
Sources:
Bialik, Carl. "Picking the Perfect NCAA Bracket." WallstreetJournal.com. 23 Mar. 2006.
Dow Jones & Company. 18 Jan. 2007 < http://online.wsj.com/public/article/SB11430431404 6605235-M6PtN_Hc2by59WBU5Kt7Vr7TePQ_20071216.html? /> Giberson, Michael. "Markets vs. The Wisdom of Crowds in picking NCAA Basketball winners." Knowledge Problem. 23 March. 2007. 18 January 2007 < http://www.knowledgeproblem.com/archives/001556.ht ml>.
"NCAA Men's Division I Basketball Championship." Wikipedia. 17 Jan. 2007. 18 Jan. 2007 <http://en.wikipedia.org/wiki/NCAA_Men%27s_Bask etball_Division_I_Championship>.
There is an amazing amount of hoopla surrounding the NCAA Basketball Tournament.
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The selection of the 65 teams is broken down in a three hour special called “Selection Sunday March 11, 2007”. The participants for the men's and women's brackets are selected based on their records, seeded and put into regional brackets based on the cities hosting the NCAA Basketball Tournament. This year's men's NCAA Final Four will be held in Atlanta, Ga. The women's will be in Cleveland, Ohio. These events draw tens of thousands of fans to their host cities every year along with millions of dollars of business.
The NCAA Basketball Tournament is known for its tradition of inspiring Cinderella stories. The NCAA Basketball Tournament is a single-elimination tournament that brings young, hungry teams against powerhouses like Duke and North Carolina. As a result, almost every year finds an undermanned, seemingly overmatched team that makes an inspiring run. For example, in the 2006 NCAA Men's Basketball Tournament, unheralded George Mason University made it all the way to the Final Four before losing to eventual winner Florida.
The NCAA Basketball Tournament tickets can be quite pricey if they aren‘t purchased early. To sit courtside for the Final Four with tickets from a relatively reputable vendor can cost between $2,000 - $3,000 and that's not including hotels or other amenities. Scalpers on NCAA Basketball Tournament tickets on the weekend of the Final Four can skyrocket to three times that amount. Upper deck seats will run into the few hundreds of dollars, which is considerably more affordable, but ill advised as the Georgia Dome is a football configured stadium and might offer low visibility for basketball.
For fans of the women's game and more budget minded consumers, the NCAA Women's Basketball Tournament can provide just as much excitement with a lot less devastation in the pocket book. Considered more skills minded and less dynamic than the men's game, women's college basketball suffers from a comparatively minor stature from its big brother. However, it isn't any less fun to follow your favorite team through the brackets.
The 2007 NCAA Basketball Tournament tickets are currently sold out for the women's tournament. The tickets ran in the hundreds, as opposed to thousands, of dollars for lower deck seats. An additional advantage the women have over the men in this regard is that the Quicken Loans Arena was designed with basketball in mind, giving every seat a great view of the court.
A lot of people use the NCAA Basketball Tournament for a unique betting game in which players fill out brackets by determining the winner of each match up in the first round and then attempting to decipher the eventual winner from there. This has earned Cinderella teams like George Mason the additional honor of being Bracket Busters for their improbable runs' effects on gamblers' predictions. Millions of dollars are tied up in the brackets every year, though the chance of correctly predicting all 63 games is around 1 in 150 million.
The 2007 NCAA Basketball Tournament promises to be equal parts great fun and agony for gamblers, sports fans and school alumni alike. Whether watched on TV or in the stands, the NCAA Basketball Tournament is one of the greatest spectacles of sport every year. It's no wonder they call it March Madness.
Sources:
Bialik, Carl. "Picking the Perfect NCAA Bracket." WallstreetJournal.com. 23 Mar. 2006.
Dow Jones & Company. 18 Jan. 2007 < http://online.wsj.com/public/article/SB11430431404 6605235-M6PtN_Hc2by59WBU5Kt7Vr7TePQ_20071216.html? /> Giberson, Michael. "Markets vs. The Wisdom of Crowds in picking NCAA Basketball winners." Knowledge Problem. 23 March. 2007. 18 January 2007 < http://www.knowledgeproblem.com/archives/001556.ht ml>.
"NCAA Men's Division I Basketball Championship." Wikipedia. 17 Jan. 2007. 18 Jan. 2007 <http://en.wikipedia.org/wiki/NCAA_Men%27s_Bask etball_Division_I_Championship>.
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