June 26, 2022
  • June 26, 2022

Betting windows, apps look to cash in on March Madness

By on March 17, 2022 0

FILE – A scrolling video board with basketball scores is reflected in the ceiling of sportsbook DraftKings in Atlantic City, NJ November 20, 2018. In action made public Wednesday, March 2, 2022, New Jersey gaming regulators fined DraftKings $150,000 for allowing a Florida man to make online bets from his home using a New Jersey friend to place them for him, in violation of New Jersey’s ban on proxy betting. . (AP Photo/Wayne Parry, File)

(NewsNation) – An estimated 45 million people will bet on this year’s March Madness tournament, with sports betting becoming legal in more states and apps allowing those not near a betting window to place their online bets.

NewsNation’s Alex Caprariello spoke to people in Las Vegas eager to see their teams play in the big dance and make big money in the betting window. Ivetta Abramyan, from Washington, DC, said, “I get goosebumps just talking about it!”

Preston Lopes of Albuquerque was a bit more focused: “It’s March madness. It’s the best time in the world to bet right now. I am here to earn money. I have to compose. I have to concentrate.

Everyone has their own method, but choose carefully. A slip can lead to a burst bracket. Focus is key for Lopez. He and his friends traveled from Albuquerque to sit front row at the Westgate Sportsbook.

A man known as “Michigan Mike” Frontera always bets on underdogs, and he knows a few things about good bets and bad beats. He says, “Don’t bet with your heart. I did that with the Lions, and it cost me dearly.

Vegas gives Gonzaga the best odds of winning it all, and according to the American Gaming Association, around 17% of bettors like this pick. The next favorites to win are Duke and Kentucky. Duke is a “heart” choice for many people as this will be the last race for legendary trainer Mike Kryzyzewski.

However, all shakes up, it’s estimated that $3.1 billion will have been wagered on the games by the time all is said and done.