Oddsmaker goes beyond brackets, discusses popular betting trends and upset wagers for March Madness [FOX News]
DraftKings Inc. - Class A (DKNG)
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Source: FOX News
March Madness brackets are consuming households across America, but with the expanded legalization of sports gambling, more and more wagers are being placed on the tournament games. The tournament is the only thing that could compete with the Super Bowl in terms of gambling, with 32 games being played on the court and each of them being watched by millions all over the country. Picking upsets in brackets is stressful enough — you know they will happen, but you just don't know which ones. But picking all of them on a sportsbook might actually be beneficial. Since 2008, 12-seeds are 28-40 against No. 5 seeds — that .410 winning percentage certainly is not bad for teams that are normally underdogs of nearly double digits. Combine that with No. 11 seeds going nearly .500 (37-39) in the first round since 2006, and bettors may have cashed in, even if their brackets were busted. "That's where you take shots and that's where, you know, the upsets have occurred," Johnny Avello, an odd
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Sec Filings
- 3/16/26 - Form 4
- 3/13/26 - Form 144
- 3/12/26 - Form 4
- DKNG's page on the SEC website