It’s March Madness time so bookmaker Betcoin is doing a Betcoin Bracket Contest and giving away 50 BTC for a perfect bracket! No, that’s not a typo, FIFTY (50) BITCOIN! For those of you who are not familiar with what a bracket contest is, you select winners for the games in the 2018 NCAA March Madness Tournament from beginning to end. You will accumulate points based on your correct guesses, and the points won increase from round to round.
WHAT IS A BRACKET?
March Madness brackets are a form of sports betting based on the annual NCAA Division I Men’s Basketball Tournament. The increasing interest in this event is fostered by March Madness brackets. A bracket is when the participant predicts the outcome of each game in the tournament. His or her predictions are compared against others in the pool, and whoever has the best picks wins the contest.
SEEDS
The four lowest ranked automatic bid teams and the four lowest ranked at-large teams in the tournament play in special play-in games called the First Four before the tournament. The rest of the field is split into four regions of 16 teams, and those regions are seeded from one to 16. The top team in each region plays the 16th team, the second plays the 15th and so on. The winners of each game goes on to the next round and so on until only one team is standing. A team is knocked out of the tournament and has to go home as soon as they lose once, so the pressure is incredibly high.
TIMEFRAME
The tournament takes place over three weekends starting soon after the middle of March.
Tiebreakers
If two or more players in a group finish with the same overall point total after a national champion is crowned, Betcoin uses the following system to break the tie (for tiebreakers, we only take predicted points into consideration):
First tiebreaker – Closest prediction of total points scored by both teams wins.
Second tiebreaker – Closest prediction for points scored by the winning team.
Third tiebreaker – Closest prediction for points scored by the losing team. If this last tiebreaker results in a deadlock, the players remain tied in the standings.
MARCH MADNESS PRIZES
- Buy-in for the contest is 1 chip per bracket.
- Each player can enter up to 10 brackets.
- 50 BTC Bonus for a perfect bracket!
- Betcoin will match 100% of all entries for the total prize pool, up to 500mBTC.
- 1st place wins 50% of the entry fees and Betcoin 100% match + a BETCOIN HOODIE
- 2nd place wins 30% of the entry fees and Betcoin 100% match + a BETCOIN T-SHIRT
- 3rd place wins 20% of the entry fees and Betcoin 100% match + a BETCOIN T-SHIRT
- To receive the hoodie or t-shirts you must first purchase from the Betcoin store and send receipt by email or support ticket for reimbursement.
By way of example, if 500 participants enter, then the winner will receive 500 mBit (250 for the winning and 250 for the 100% match up to 500 mBit). Second will receive 300 mBit (150 for the winning and 150 for the 100% match up to 500 mBit). Third place will receive 200 mBit (100 for the winning and 100 for the 100% match up to 500 mBit). Each will also receive the gear as stated above, but must follow the instruction to receive.
HOW TO ENTER
- Create an account via this link: https://www.betcoin.ag
- Sign up at Yahoo and enter contest via this link: https://tournament.fantasysports.yahoo.com/t1/group/10669/invitation?key.
- You will fill out bracket on yahoo. You must make bracket name equal to your Betcoin username. If you create more than 1 bracket, name the bracket with your Betcoin username and # of bracket. For example: BigThangz1 for 1st bracket, BigThangz2 for 2nd bracket and so on. You can also watch the video below where user BigThangz explains how to do this.
- Comment on the March Madness article with your username and number of entries you will be making. 1 chip will be taken from your Betcoin balance per entry (if chips are not available at that time you will be voided from contest). Funds must be in your account at the time of the comment and will be deducted as soon as Betcoin sees your comment so please make sure that your decision is final before commenting.
- All brackets and article comments must be completed by Thursday 11am EST time zone March 15th 2018. Entry is complete once you have filled out bracket and sent support ticket.
