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13 March 2006
March Madness Betting Online Will
Dwarf The Super Bowl
With
office pools and online betting gaining in popularity and
acceptance each year, "March Madness" has surpassed even the
Super
Bowl as the most
widely bet annual sporting event in North America. Of the
estimated $3.5 to $4 billion wagered on last year's NCAA
tournament worldwide, industry experts predicted at least
one third of that total was bet online. The largest sports
betting site on the Internet, Pinnacle Sports expects
betting on the NCAA tournament to dwarf that of this year's
Super Bowl and is available to discuss a wide range of
betting trends on the tournament.
While the 182 sports books
in Nevada are expected to take approximately $90 million in
"March Madness" bets, estimates indicate that online
bookmakers as a whole will record nearly $1.3 billion in
NCAA tournament wagers. Even more impressive is that the
$1.3 billion represents more than double the estimated $600
million wagered online on this year's Super Bowl. With the
highest online limits and odds that offer consistent value
to the player, Pinnacle Sports is recognized by both gaming
experts and its peers as being the leading online sports
book in the world. For this year's tournament, Pinnacle
Sports will accept online wagers from as little as $1 to a
maximum of $30,000 with low margin wagering that gives
bettors up to 50% better value than traditional bookmakers
online or in Nevada.
"While buzzer beaters and
upsets grab the headlines, what really captivates millions
is their vested interest in office pools rather than the
performance of their favorite team or alma mater," said
Simon Noble of Pinnacle Sports. "For every person that
enters an office pool, there's a good chance you will find
another placing a bet on the tournament games over the
Internet. As more consumers realize the safety and
convenience online sportsbooks provide, the Internet will
continue to be the destination of choice for betting on
major sporting events like the NCAA tournament."
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