The 2023 March Madness Matrix
It's no secret Vegas makes a majority their money during the NFL season, playoffs to be exact, but what's the second biggest money making event for them? You guessed it, March Madness.
Let's take look at how they make most of their money.
To do this, we will start with a review of the 2022 March Madness public betting percentages for games where the public was 72% or more on one side of a game.
March 16, 2022
- Bryant (78%) — Didn't cover
- Wright State
March 17, 2022
- St. Peter's
- Kentucky (79%) — Didn't cover
- Texas Southern
- Kansas (79%) — Covered
- Georgia State
- Gonzaga (75%) — Didn't cover
March 18, 2022
- CS Fullerton
- Duke (80%) — Didn't cover
- Wright State
- Arizona (73%) — Didn't cover
March 19, 2022
- Creighton
- Kansas (74%) — Didn't cover
March 20, 2022
- Iowa State
- Wisconsin (74%) — Didn't cover
Wow. Vegas went 7 wins and 1 loss, and the one loss was one of the first games of the tournament (just like this year — Kansas covered today), perhaps to give the public hope to keep betting the huge favorite throughout the tournament.
Predictions
Numbers don't lie, we're going to keep betting against the public when games are equal to or greater than 71%, the only question now, is your 'public betting data' accurate? Most likely not.
March 16, 2023
- Howard
- Kansas (73%) — Covered
- Northern Kentucky
- Houston (76%) — Didn't cover
March 17, 2023
- Grand Canyon
- Gonzaga (78%) — Didn't cover
March 18, 2023
- Northwestern
- UCLA (71%) — Didn't cover
March 19, 2023
- Michigan State
- Marquette (72%) — Didn't cover
Outcome
10 wins, 4 loses for +47 units in just 4 days. Gotta love capitalizing on the corruption.