by Pinnacle Sportsbook - 03/13/2006
With office pools and online betting gaining in popularity and acceptance each year, "March Madness" betting online 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 Sportsbook 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 doubles 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 Sportsbook 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 Sportsbook 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 Sportsbook. "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."
Since founding the first Internet sportsbook in 1996, Mr. Noble has witnessed the explosive growth of online gambling firsthand. He is available to discuss several betting-related issues, including:
-- Gambling trends and facts regarding the NCAA Tournament
-- The growth of Internet sports betting
-- Online versus traditional sports gambling
-- Government regulation of Internet gaming
-- The setting of "March Madness" betting lines
-- Patterns and trends in the bets placed so far
-- Unique NCAA Tournament-related betting options available at Pinnacle Sportsbook
Pinnacle Sportsbook was the first sportsbook to release betting lines on this year's NCAA tournament games, posting point spreads as the first round match-ups were announced Sunday night. The company will offer thousands of wagering options on the tournament including player propositions, futures and live in-game betting. For more information and a complete list of NCAA Tournament betting odds, please visit Pinnacle Sportsbook.