March Madness novices bet with their hearts, not heads

March Madness is Americas communal betting moment; three consecutive weekends of bracket racket that tips off this morning.

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Thu, March 15th, 2007

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Casino gambling facts:

  • By the 1370s, playing cards had reached Europe in a form that is recognizable today, with a pack consisting of 52 cards with suits of swords, polo-sticks, cups and coins.
  • Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
  • The most popular forms of illegal games are "numbers", which is essentially a lottery, and betting with bookies, typically sports betting.
  • 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
    1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel.