"Assessing the Odds: March Madness Betting and Tournament Projections"
With the NCAA basketball tournaments underway, sports betting is expected to reach $2.7 billion, but concerns arise over the potential voiding of bets due to "palpable errors" by sports books. In-game betting and prop bets are popular during the tournament, but bettors worry about whether their bets will be honored. While voided bets are rare, critics argue that sports books have multiple chances to prevent such errors. Clear regulations, like those in New Jersey, are needed to ensure fairness and build trust in the fast-growing billion-dollar industry.