March Madness Betting
WILLEMSTAD, CURACAO (March 13, 2006)-With office pools and
online betting gaining in popularity and acceptance each year,
"March Madness betting" 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,
PinnacleSports.com 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 betting"
wagers, 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,
PinnacleSports.com is recognized by both gaming experts and
its peers as being the leading online sports book in the world.
For this year's tournament,
PinnacleSports.com 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
PinnacleSports.com. "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
PinnacleSports.com
PinnacleSports.com 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 Sports
About
PinnacleSports.com
PinnacleSports.com is the Internet's largest sports betting
site serving customers in more than 80 countries worldwide.
Founded in 1998,
PinnacleSports.com was the first sports book to introduce
reduced margin wagering, using a -105 pricing model that gives
bettors up to 50% better value on wagers than traditional
bookmakers. With low minimum bet requirements and the highest
maximum limits on the Web,
PinnacleSports.com has earned an industry leading reputation
for providing consistent value to the player, professional
customer service and the quickest payouts online. Fully licensed
and regulated in Curacao, the company offers a secure
environment for sports betting, racing and casino gaming.
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