Students betting on March Madness

by Muizz Ullah (Staff Writer) – 3/19/16

Kennedy student losing a bet
Kennedy student losing a bet

Money is fairly difficult to attain for an average high school student, and with events such as March Madness around the corner, the question to be asking is if students will be participating in such events by betting and putting their scarce money on the line. March Madness is the period of the annual NCAA (National Collegiate Athletic Association) college basketball tournament, with the majority of the competition set in March. In college basketball, there are only single elimination games in contrast to the best of seven series in the NBA (National Basketball Association), which is part of the reason why it gains so much attention.

Ten Kennedy students, a mixture of seniors and juniors, were asked if they were going to bet any amount of their money on a college basketball game and the results weren’t too surprising.

Eight of them claimed that they would never do such a thing, but the remaining two claimed that if they were to participate, it would be a very minimal amount ranging from 10-15 dollars. Kennedy senior Jason San Jose stated, “I would never do it because for me, it is too much of a risk and not many students have money like that to spend.” He also mentioned that the only people he can see betting have either been wagering in the previous years or have a surplus amount of wealth.

Although one of the students did indicate participating in the future when his budget isn’t as limited, the negative responses signified the lack of interest in events such as March Madness.

However, most of the betting takes place virtually and with people you have never even seen or interacted with. According to ESPN, the American Gaming Association estimates that 40 million Americans will fill out more than 70 million brackets and wager approximately $9 billion on the NCAA tournament. A very minimal amount of the 40 million Americans comes from high school students.

Those that want to wager successfully on the NCAA Tournament will need to do take out time to do their homework, study the odds and betting trends, and take an organized approach to end up on the better end of the deal.