Millions of brackets are created and billions of dollars are wagered every March during the NCAA Basketball Tournament. The 68-team, single-elimination tournament features four regions of 16 collegiate teams (plus four play-in games), with the first two rounds taking place in eight different host cities from Thursday to Sunday.
The regional semifinals and finals, more commonly referred to as the Sweet 16 and Elite Eight, are then held at four new sites. The winners of each region participate in the Final Four at a new location, with the championship game being held two days later. In all, six wins are needed to cut down the nets (seven if a team takes part in the play-in game) in early April. There is no reseeding or consolation brackets.
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