Abstract
Each year, the NCAA Division I Men's Basketball Tournament attracts popular attention, including bracket challenges where fans seek to pick the winners of the tournament's games. However, the quantity and unpredictable nature of games suggest a single bracket will likely select some winning teams incorrectly even if created with insightful and sophisticated methods. Hence, rather than focusing on creating a single bracket to perform well, a challenge participant may wish to create a pool of brackets that likely contains at least one high-scoring bracket. This paper proposes a power model to estimate tournament outcome probabilities based on past tournament data. Bracket pools are generated for the 2013-2019 tournaments using six generators, five using the power model and one using the Bradley-Terry model. The generated brackets are assessed by the ESPN scoring system and compared to those produced by a traditional pick favorite approach as well as the highest scoring brackets in the ESPN Tournament Challenge for each year.
Original language | English (US) |
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Pages (from-to) | 1-15 |
Number of pages | 15 |
Journal | Journal of Quantitative Analysis in Sports |
Volume | 16 |
Issue number | 1 |
DOIs | |
State | Published - Mar 1 2020 |
Keywords
- Bradley-Terry
- March madness
- bracket generation
- model selection
- power model
- sports forecasting
ASJC Scopus subject areas
- Social Sciences (miscellaneous)
- Decision Sciences (miscellaneous)