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Overall Tournament Trends (All stats are from 1999 and cover the last seven years)
Straight Up winners are 331-99-11 ATS during March Madness with the Favourites going (305-136 SU) 195-99-11 ATS (66.3%).
From that set of base results Underdogs that lose Straight Up cover the number just 33.7% of the time. That being the case, if you are going to play an underdog, you might be better served to play them on the money line.
Overall, Underdogs are a combinded 231-199-11 ATS (53.7%).
The best performing seeds ATS have been the #12 (60.3%), #10 (58.7%) and #8 (57.2%).
The worst performances from seeds have come from the #14 seed which has a 11-17-2 ATS (39.3%) mark and the not so lucky #7 seed (41.4%).
Favourites priced between -11 and -14 are 18-28-3 ATS (39.1%).
Favourites priced between -8 and -10.5 are 24-32-3 ATS (42.8%).
So putting those two parameters together and reversing them, you will see that underdogs priced between +8 and +14 are 60-42-6 ATS (58.8%).
Favourites at -3.5 or less are 50-71-5 ATS (41.3%).
Favourites priced between -4 and -7.5 are 68-65 ATS (44.4%).
Favourites of -14.5 or greater are 42-32 ATS (56.7%).
ROUND ONE
Straight Up winners in first round games are 161-57-6 ATS (73.8%).
Underdogs that lose straight up are 57-104-6 ATS (35.4%).
Underdogs are 114-104-6 ATS (52.3%).
#12 seeds vs. #5 seeds are 17-10-1 ATS (62.9%).
Both the #3 and #10 seeds are 59% ATS winning propositions in opening round games.
Favourites priced between -11 and -14 are 8-17-2 ATS (32%).
Favourites priced between -4 to -7.5 are 21-29 ATS (42%).
Favourites of -18.5 points in round one are 25-17 ATS (59.5%).
ROUND TWO
Straight Up winners in round two games are a blistering 91-18-3 ATS (83.5%).
Underdogs that lose straight up in round two games are 18-48-3 ATS (27.3%) including 9-33-2 ATS (21.4%) in round two games since 2001.
Overall, Underdogs in round two games are 61-48-3 ATS (55.9%). It should be noted that this angle is inflated somewhat because of the poor performances of favourites in 1999, 2000 and 2004 which went a combinded 11-36-1 ATS. Favourites during a three year span 2001 to 2003 went a combinded 28-18-2 ATS.
The best performing seed in round two has been the #10 seed, which is 11-4 ATS (73.3%). Next best is the #8 seed with an 11-5 ATS (68.7%) mark.
Underdogs of +3.5 or less are 20-10 ATS (66.7%) in the second round
Underdogs priced between +8.5 and +10.5 are 11-4-3 ATS (73.3%) in the round of thirty-two.
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