Professional gambler gives tips for beating NCAA brackets
March is a big month for gamblers.
According to CNBC, an estimated $9 billion might be spent gambling on March Madness this year.
He says you shouldn’t overrate the underdogs, adding that higher-seeded teams have won 71 percent of their games since 2002.
Also, he says you should pick a final champion and then work your way backwards, rather than getting caught up with the low-point games in the first weekend.
Feng also suggests avoiding the team with the highest chance of winning. This year, that team is Kentucky. He says the team with the highest chance of winning is usually overpicked in pools. Even if you get the champion right, you could still lose because of your earlier picks.
He also says you should avoid championship teams that rely on 3-point shooting because they are “susceptible to upsets.” However, low-seeded underdogs with a high 3-point percentage may be a good pick.
Feng says if you really want to win money, pick a small pool. Smaller pools give you better odds of winning.
The first game is set to tip off on Thursday at 12:15 p.m. between Notre Dame and Northeastern.