Tennis Bracketology

Everyone from the President of the United States, to television hosts and personalities, to your local bartender and mailman are talking about brackets.

Of course, it is “March Madness” in the United States, the three weeks the make up the NCAA Basketball Championships where 68 teams compete for the championship in a single elimination tournament that measures up similarly to a Masters 100 tennis tournament.

Almost everyone is doing this not for fun, but chipping in five or ten dollars (or more) to be part of a pool to potentially win a pot of money.

Does this raise the level of interest on the NCAA basketball tournament – which brings an estimated $1 billion in revenues? You bet it does. The Los Angeles Times reported that more than $2.5 billion is wagered on March Madness.

The Atlantic even asked if the event was a sporting event or a gambling event here: http://www.theatlantic.com/entertainment/archive/2014/03/is-march-madness-a-sporting-event-or-a-gambling-event/284545/

Betting in tennis is a taboo subject. But betting on tennis is no different than betting on the NCAA basketball tournament, or the National Football League, golf or horse racing. There is nothing wrong with sports betting. The inherent controversies comes when competitors or people close to the competitors bet on matches when privy to exclusive information prior to the match (i.e. injuries, etc.) – or what is referred to on Wall Street as “Insider Trading” or other conflicts of interest.

Major League Baseball player Pete Rose was banished from baseball for being a team manager and bet on baseball, even if he said he was betting his team to win.

Bobby Riggs said he famously bet on himself in win singles, doubles and mixed titles at Wimbledon in 1939, although, on the shadier side of betting, allegedly to have thrown his match with Billie Jean King to relieve debts to mobsters, as ESPN reported here: http://espn.go.com/espn/feature/story/_/id/9589625/the-match-maker

You are not allowed to bet on site at events, although, there are tournaments sponsored by betting institutions and held at facilities where casino gambling is present. Even financial institutions, which is, more or less you could argue, “betting,” sponsor many events. Do you want to bet on Rafael Nadal to win a match or tournament on clay while also buying stock like IBM, Facebook, Twitter, General Electric?

So, if you are not privy to insider information and not associated directly with the game, why not take a wager in a tennis game just as millions of people indulge in the NCAA Basketball Tournament? Give it a try here: http://www.888sport.com/tennis/tennis-betting.htm

 

Tennis

Tennis

 

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