BetMGM Offers $10 Million Reward for Perfectly Predicting NCAA Tournament Bracket
It's the ultimate dream in sports betting, and yes, entering an NCAA Tournament bracket pool counts as a bet. The goal? A flawless NCAA Tournament bracket, duh!
If someone manages this ridiculously slim chance on BetMGM's free game this year, they'll bag a cool $10 million!
BetMGM mobile users can shoot for the $10 million jackpot by predicting the perfect bracket. The free contest is accessible in the BetMGM app, where users can log in to submit their bracket picks, as declared by the gaming firm. "In case a perfect bracket isn't chosen, the player(s) with the most points by selecting the most overall correct picks throughout the tournament will receive up to $100,000 in guaranteed prizes," it added.
While the tournament pick ‘em game is free, BetMGM is using the hype of March Madness — one of the most bet-on domestic sporting events — to attract new customers and boost business from existing ones.
New customers can snag up to $1,000 back in bonus wagers if their inaugural bet on the platform bombs. During the tournament, "customers will receive odds boost tokens, bonus bets, and parlay tokens for select games," the company mentioned.
BetMGM's Prize Pocket Change vs. Previous Year's Offer
No one will roll their eyes at $10 million. But the top prize from BetMGM is pocket change compared to the $100 million Bally's offered for a perfect bracket last year.
Companies offering jaw-dropping prizes for a unblemished NCAA Tournament bracket can do so because the odds are stacked against contestants. The number of possible outcomes on the bracket is 9.2 quintillion, according to the NCAA.
"If we treat the odds for each game as a coin toss, that makes the odds of picking all 63 games correctly 1 in 9.2 quintillion. This, however, is not an accurate representation of the odds, as any knowledge of the sport or tournament's history improves your chances of picking games," the college athletics governing body stated.
Think you're a college basketball whiz? That decreases the odds of a perfect bracket to a formidable 1 in 120.2 billion. Keep in mind, the odds of winning a Powerball drawing are 1 in 292.2 million.
Other NCAA Tournament Odds, Trivia from BetMGM
With last week's launch in Massachusetts, BetMGM is now accepting sports bets in 19 states, Washington, DC, and Ontario, Canada.
As of early Monday, the operator's biggest potential losses are Kansas, UCLA, and Purdue. In terms of handle percentage, the top three are Kansas, Houston, and UCLA, while the order remains the same for the top three in terms of currently processed tickets at BetMGM.
Kansas and UCLA are the top two seeds in the West Region, meaning they may square off with a spot in the Final Four on the line. This would trim BetMGM's potential losses to one of those teams in the process.
BetMGM is equally owned by MGM Resorts International and Entain Plc.
