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Americans Counting On March Madness Picks

Monday, March 15, 2010 17:16 GMT

REDMOND, Wash. (Wireless Flash - FlashNews) – In this foul economy, Americans are counting on their March Madness picks to bring in big bucks.

The infamous college basketball tournament tips off this week, and a new survey from MSN.com finds that Americans have a lot of faith in March Madness.

So much so that 73 percent believe the biggest sports underdog – the 65th-seeded team – has a better chance of winning the big dance than Congress passing the healthcare bill.

Additionally, 42 percent are planning on entering a betting pool, and 31 percent believe their tournament pool will outperform their 401(k).

While more than 92 percent of respondents will spend time watching the 2010 NCAA games, many will also be watching their pennies.

Case-in-point: More than half plan to keep a budget, sticking with a bet of $20 or less, while only 17 percent will go big, laying down more than $50.

For team stats, standings, odds, and late-breaking March Madness action, basketball fans can visit MSN.com.