The screams of anguish and joy you heard emanating from homes, offices, and sports bars yesterday were due to the first round of upsets in this year’s NCAA college basketball tournament. When there is a really popular sporting event in America, it also means there is a whole lot of betting.

+ “Betting on sports is only legal in four states: Delaware, Montana, Nevada, and Oregon. The rest of the country has to make its bets illegally, through bookies. As with any enterprise that holds the promise of easy money, there’s never a shortage of hungry gamblers looking to make a few dollars.” From Vice: The Wide World of Bookies.