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The Madness of Sports Betting

http://to.pbs.org/e8wCyp In this Making Sen$e web exclusive, Justin Wolfers of the Brookings Institution and Paul Solman chat about how we can make the best decisions when it comes to filling out March Madness brackets, why economists are interested in sports betting and the fact that even a 100-1 shot can be expected to win -- once every hundred times. Perhaps you'll even take away some tips for picking next year's bracket.
Length: 04:23

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