When filling out their NCAA brackets, many people try to predict which games will result in upsets – a powerhouse team getting stomped by an underdog – to get ahead in their pool. But this strategy is no better than picking the better-seeded team, a new study shows.
March Madness kicks off today with the play-in game between Winthrop and Arkansas-Pine Bluff. The winner of that game enters the field of 64 college basketball teams that will vie to make it to the Final Four, and ultimately the National Championship, to be played on April 5.
The 64 teams are divided into four regions and seeded from 1 to 16 by a selection committee.
Before the tournament gears up, millions of sports fans will be filling out their brackets with their predictions of who will win each game to move on to the next round.
Many will stick by the tried-and-true strategy of picking the higher-ranked (or lower-numbered seed) teams to win, but many will also try to pick upsets where a lower-ranked team wins to give them an edge over their more conservative bracket-picking colleagues.
"Picking the lower seed is a good strategy, but people think, 'I can't win by doing that because everyone else is doing this,'" said Ed Hirt, a psychologist at Indiana University.
Hirt and his colleague Sean McCrea, of the University of Wyoming, set out to see if people chose upsets based on a phenomenon called probability matching and whether or not the approach was more successful than sticking to the seeding.
Probability matching describes a scenario in which individuals predict a specific outcome based on an existing rate of occurrence. So for example, in the first round of the NCAA tournament, sports experts often expect there to be an upset in a No. 5 and No. 12 seed matchup, and bracket bettors will try to pick which of the four matchups between a 5 seed and a 12 seed will result in an upset.
"People feel like they've just got to pick upsets," Hirt told LiveScience. (Hirt even admits that he falls for picking the upsets himself when filling out his own bracket.)
For their study, Hirt and McCrea examined NCAA tournament results from 1985 to 2005 and the first-round predictions of more than 3 million entries in an ESPN Tournament Challenge.
They found that picking upsets didn't result in any better results than sticking to the rankings.
"It seems that people who follow basketball are aware of the possibility of upsets and fool themselves into believing that they can figure out which upsets will happen," Hirt said. "The problem is that the tournament seedings summarize most of the useful information one could use (win-loss record, strength of schedule, etc.), and so the upsets are much less predictable than one might think."
