You see that in the illustration below, you have control of the "Top Seed 4, Lower Seed 2" square, while I have control of the "Top Seed 1, Lower Seed 6" square.
<table style="border-collapse: collapse;" border="0" cellpadding="0" cellspacing="0" width="365">
<col width="75"><col style="" span="10" width="29"><tbody><tr height="13"><td height="13" width="75">Top Seed></td><td align="right" width="29">0</td><td align="right" width="29">1</td><td align="right" width="29">2</td><td align="right" width="29">3</td><td align="right" width="29">4</td><td align="right" width="29">5</td><td align="right" width="29">6</td><td align="right" width="29">7</td><td align="right" width="29">8</td><td align="right" width="29">9</td></tr><tr height="13"><td colspan="2" height="13">Lower Seed v</td><td>
</td><td>
</td><td>
</td><td>
</td><td>
</td><td>
</td><td>
</td><td>
</td><td>
</td></tr><tr height="13"><td align="right" height="13">0</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">1</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">2</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24">YOU</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">3</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">4</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">5</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">6</td><td class="xl24"></td><td class="xl24">ME</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">7</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">8</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr><tr height="13"><td align="right" height="13">9</td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td><td class="xl24"></td></tr>
</tbody></col></col></table>
If the 1 seed is playing the 16 seed and wins 74-52, you would win $14 in the first round. Remember that theoretically you could win 32 times in the first round. If the 1 seed is playing the 8 seed in the second round, and wins 64-62, you would win $22. You could win 16 times in the second round. The pot escalates until a single winner takes $872 in the final. ($41 for Sweet 16, $60 for Elite 8, $130 for Final Four)
Last year I won four times in the first round, once in the Sweet 16 and once in the Elite 8. $141 for a $25 bet. Fun watching free throws at the end. MISS IT YOU DAMN MORGAN STATE PLAYER!