If you're anything like me, you only know how basketball generally works because you played it in PE. Maybe you don't watch March Madness and you don't really plan to but you kind of want to know what people are talking about. Maybe you watch it because your friends do, but you kind of just sit there in the corner cheering when your best friend does. Maybe your friends have forced you to make a bracket just so they can feel good about the better outcome of theirs. Most likely, you really would be able to understand and actually enjoy the game if only you had a few basics about what the heck is going on.
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In the second round, the teams that have won the previous games all compete against each other. That's why in a bracket you may see a team's name multiple times. After round two comes what is called the sweet 16. It's pretty much self-explanatory that this just consists of the remaining 16 teams. Next comes the elite eight; this is the last eight teams. For the teams and fans, it is a big deal to get even this far. The next games are called the final four, because it is the last four teams. And lastly comes the championship game where winner takes all.
With the seed system and the constant winning and losing of teams, you would think that it is quite easy to make a bracket and win with the bracket that you've made. The trouble is the upsets. An upset is when a team with a larger seed number beats a team with a smaller seed, which is opposite of what it should actually be. This is why a ton of people end up losing, leading to tears, lost money, and broken TVs.