When it comes to wagering on sports, most people think of the Super Bowl as the mecca of money loss. However, in regards to sheer volume of bets and money wagered, the NFL’s big game can’t hold a candle to March Madness. College basketball’s yearly parade of athletic prowess has all the ingredients every gambler needs for a good time. Options. Upsets. Odds. For these reasons and more, March Madness is the king of gambling events.