Abstract
Every March, the National Collegiate Athletic Association selects 65 Division I men’s basketball teams to compete in a single-elimination tournament to determine a single national champion. Due to the frequency of upsets that occur every year, this event has been dubbed “March Madness” by the media, who cover the much-hyped and much-wagered-upon event. The tournament tempts people to wager money in online or office pools in which the goal is to predict— prior to its onset—the outcome of every game. A prespecified scoring scheme, typically assigning more points to correct picks in later tournament Contrarian Strategies for NCAA Tournament Pools: A Cure for March Madness?
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