The No. 11 seed Dayton Flyers had a lot to cheer about in their upset win over the No. 6 seed Ohio State Buckeyes. The very first game of the tournament saw more than 83 percent of brackets busted when the Flyers defeated the Buckeyes in a 60-59 nail-biter. Dayton scored the final points of the game with seconds remaining and then watched anxiously as Ohio State drove but missed the final shot.
The opening day of the 2014 NCAA Men’s Basketball Tournament saw several major upsets, giving added meaning to the term March Madness. On the face of things, the higher-ranked seeds actually went 12-4 on the first day of the tournament. However, No. 5 seeds struggled by going just 1-2, with the Saint Louis Billikens squeaking by the North Carolina State Wolfpack 83-80 in overtime for the No. 5 seed’s only win of the day. Saint Louis trailed by 14 points and double digits late in the game before the comeback victory. The evening victory capped off a truly exciting first day of March Madness.
Warren Buffet must be feeling mighty secure with his billion dollars. With three fairly major upsets, it is estimated that only about 0.2 percent of brackets have a chance to be perfect and win $1 billion. And this after only 12 hours and 16 of the 63 games played.
Upsets, by their nature, are a surprise. However, in many ways the tournament is ruled by upsets. In a previous article, we learned that in most years only one or two No. 1 seeds advance to the Final Four. It should be another exciting day as the field is trimmed to the round of 32.
Carlton Chin is a portfolio manager, quant researcher, and sports analysis contributor at Rant Sports. Please follow him on Twitter @QuantFacts, “Like” him on Facebook, or add him to your Google network.