What it means to call a bracket 'chalk'

Decoding sports-betting language

The world of sports gambling is filled with insider lingo: What's a "spread"? How about a "moneyline" or a "parlay"? This resource breaks down the jargon, helping you navigate the industry or, at least, giving you the keys to talk about it.

Prediction markets have their own lingo that's an amalgamation of Gen Z and Gen Alpha slang

For instance, if you've been out-maneuvered by another trader, you've been "mogged." A "rulescuck" is someone who is a stickler for betting market rules and may try to win on a technicality.

The surprisingly poetic origins of the phrase 'March Madness'

When legendary sportscaster Brent Musberger called the 1982 NCAA basketball tournament "March Madness," the term stuck and helped popularize the annual event. But he wasn't the first to use the phrase. This Time magazine article explores the contributions of Henry V. Porter, who originally used "March madness" in a 1939 article about the Illinois State basketball tournament, and later in a 1942 poem called "Basketball Ides of March."

Breaking down the jargon and strategy of horse betting

Placing bets on horse racing isn't the same as a football or basketball game. You can pick a winner (win), who will come in second (place), and even third (show). And all the bets placed on a race are pooled together and divided among the winners. This Top Ten Picks video teaches the mechanics behind each bet, and shares insider tips that can lead to more informed betting choices.

The history of March Madness brackets

Every spring, millions of Americans fill out their March Madness brackets in hopes of picking the winner. But where did this annual tradition start? This CBS News article tells the story of how a bar in Staten Island started a $10 pool with 88 participants in 1977, and grew it into a $1.5 million contest that ended up getting shut down by the IRS.

How March Madness bracketology became a national obsession

An estimated 60 million people fill out March Madness brackets yearly, despite a one in 9.2 quintillion chance of filling it out perfectly. This Smithsonian magazine article explores how UCLA's dominance in the 1960s and '70s made brackets boring and predictable, and how the expansion to 64 teams and putting games on TV played a huge role in popularizing March Madness brackets.

How Scrabble got its name

Alfred Butts, a newly unemployed architect during the Great Depression, created Scrabble. But the game was named by James Brunot, who used the word to describe the most common action its players take part in: digging frantically.

Professional wrestling's lexicon comes from the carnival world, where the spectacle began.

How math whizzes exploit sportsbooks

Chris Dirkus is a professional sports bettor who approaches the hobby as a math problem, not from a fan's perspective. He focuses on mispriced odds in popular games where many fans are betting for high liquidity. He's one of a rare segment of sports bettors exploiting slow models and human mistakes.

The betting scandal that rocked college basketball

In the 1940s and '50s, illegal bookmaking in college basketball was rampant at Madison Square Garden. In the 1949-50 season, City College of New York players shaved points during games, though they played honestly in the NIT and NCAA tournaments, winning both. This OddsShark.com article explores how the points-shaving scandal was exposed, who went to jail, and its impact on the NIT and CCNY.

The complicated economics of horse racing

The Triple Crown commands big ratings (and enormous amounts of money in betting) but the sport as a whole is in a precarious position, thanks to limited tracks and an overreliance on subsidies. This special from Freakonomics unpacks what all that means for the future of the sport.

Chess traces its roots to chaturanga in sixth-century India

The earliest form of chess, known as chaturanga, emerged in India around the sixth century. The game simulated four divisions of the military—infantry, cavalry, elephants, and chariots—and laid the foundation for modern chess’ structure and strategy.

A history of the Masters Champions' Dinner, an annual golf tradition

The Masters Champions' Dinner is an annual tradition celebrated the Tuesday before the tournament begins. The previous year's champion sets the menu, leading to a history of eclectic meals. This resource from Today's Golfer provides a brief history of the tradition and then details every menu since 1986. It's an interesting window into the tastes of professional athletes (Tiger Woods, apparently, loves chicken fingers!) and the less-than-healthy habits from the sport's past.

The origins and evolution of the Triple Crown

For nearly 100 years we’ve referred to the Kentucky Derby, the Preakness, and the Belmont Stakes as the “Triple Crown.” But where did that term come from? It was popularized by a sports writer in the early 1930s. But this Old Smoke Clothing article, authored by the woman who wrote the book on Sir Barton, explores the British origins and how it gained popularity with Gallant Fox’s win in 1930.

See what makes a team a Cinderella—the term for an underdog that goes on an unexpected March Madness run

Fox Sports Research analyzed past Cinderella runs and found that most share a dynamic duo of players, strong conference tournament momentum, and an offense and defense that both rank in the top 80 nationally.

How March Madness Selection Sunday works

March Madness is one of the most popular American sporting events, but most viewers aren't aware of how its 68 teams are selected for the prestigious national tournament. This official process overview breaks down how the teams are selected, seeded, and placed into the bracket. Knowing the ins and outs might not stop you from disputing the committee's selections, but at least you'll understand how they came to those decisions.

The origin of the sport's name is disputed

How pickleball got its name has been a point of contention for decades. The McCallums claim the family dog, Pickles, used to snatch the balls as they played and named it for him. Joan Pritchard, though, says Pickles didn’t join the family until after the game was invented.

Toasting with an exclamation of 'cheers!' comes from the Anglo-French for 'the face.'

The word 'Peloton' comes from the word for the main group of riders in a cycling race

The word itself is French for "ball," but became the inspiration for the word "platoon" in the 17th century to describe a group of soldiers. Now, it's a common cycling term and the main focal point in cycling races.

The history of the NIT, college basketball's other tournament

When people refer to March Madness, they're referring to the annual NCAA tournament, the most popular event in college basketball. Often overlooked is the National Invitational Tournament, or NIT, which is viewed as a consolation prize for teams that fail to earn bids to the NCAA. However, the NIT began as the premier tournament until it was eventually beaten out (and ultimately acquired) by its competitor.

Among most mainstream sports broadcasts, sports betting ads appear most often in women's basketball and hockey

A random selection of 50 different sports broadcasts tracked one sports betting reference every four minutes. In one of the randomly selected hockey games, the longest stretch of no gambling reference lasted about five minutes towards the end of the game.

Horse racing's most notorious trainer

Few names are as synonymous with American horse racing as Hall of Fame trainer Bob Baffert. He has trained seven Kentucky Derby winners and two Triple Crown winners. But he also amassed over 30 drug violations in his career. This LA Times article dives into the suspensions and bans, and gives Baffert a space to defend his complex legacy in horse racing. (Some users may experience a paywall.)

An 1844 chess match via telegraph anticipated the board game's online popularity.

How did flea markets get their name?

Flea markets are a great place to find some great deals, but why do they have such an unappealing name? One explanation is what you might expect: The earliest descriptions of these second-hand markets suggested the items might be unclean. But that's not the only plausible suggestion. This article breaks down two other possibilities, complicating our understanding of the word's etymology.

Tennis can be played on clay, grass, hard court, or carpet

Tennis started on grass surfaces in England, but as the sport has grown, so have the surfaces used to play the game. This article details how each surface affects ball speed, bounce height, and player movement, and highlights which Major championship uses which surface.

Explore a list of trademarked phrases

Trademarks can extend to phrases and slogans when the words become brand identifiers. Some phrases that have been trademarked are famed boxing announcer Michael Buffer's "Let's get ready to rumble!" and reality television star Paris Hilton's "That's hot."

A timeline of sports-betting scandals

This timeline examines memorable moments from three decades of sports-betting history. It breaks down key political moments, as well as some historical moments such as when the internet pushed underground bookmaking online. There are also multiple descriptions of betting scandals from 1989 on.

'Daily fantasy' is a high-stakes subset of fantasy sports

The form, pioneered by platforms like FanDuel and DraftKings, uses anonymous daily leagues and large payouts, looks more like typical betting than the season-long, community-minded setup of more traditional fantasy.

Coachella got its name from a typo

The Coachella Valley, the region of California where the annual Coachella music festival takes place, got its name from an unlikely place: a typographical error. The intended name was "Conchilla," which means "little shell" in Spanish, a reference to fossils found in the area. Paperwork at the printer was misspelled, however, and "Coachella" ended up sticking, all the way until it was officially designated a city in 1946.

Wimbledon enforces a strict all-white dress code, a tradition dating back to the 1800s, when white clothing signified elite status.

A margin call is a way for traders to pay off debts by selling a security before they may be ready to do so.

Prediction markets—the platforms where users can trade bets that pay out depending on certain event outcomes—have faced questions about insider trading.

Prediction markets convinced regulators they're not gambling, but exchanging commodity futures contracts

Kalshi built a legal case that argues its yes/no bets on real-world events are futures contracts, and the relevant regulator—the Commodity Futures Trading Commission—agreed in 2020. Many states are now suing major prediction markets, arguing this legal case is faulty and obscures the true substance of the business: gambling.

20 years of NCAA buzzers

The last few beats of the March Madness title game are among the most thrilling in sports. This video compilation collects the final five seconds of every women's championship from the first year of the tournament through 2022. The result is a fascinating document of celebrations, disappointments, and last-ditch efforts. It's also objective proof that basketball's style has evolved considerably over the decades.

Prediction markets help people bet on almost anything—which can be controversial

Critics point to incidents such as traders placing bets on the Venezuelan President Nicolás Maduro's capture and the two people in Israel who were charged on suspicion of using classified information to place bets about military actions.

Sports betting, explained

Since a 2018 Supreme Court decision overturned the Bradley Act, which spurred a state-by-state legalization of online gambling, sports betting has become a rapidly growing multibillion-dollar industry.

A 1954 Supreme Court ruling helped quiz shows avoid regulation

When the Federal Communications Committee attempted to rein in giveaway shows, the Supreme Court ruled that quiz shows were not a form of gambling because contestants did not have to risk anything to participate. Some believe that the ruling prevented proper oversight of the industry as it became more popular.

'Jeopardy!' super fans use a specific method to calculate a player's score

In its many decades on the air, “Jeopardy!” has developed a fervent fanbase that likes to play along at home. The Coryat score was developed by Karl Coryat, who appeared on the show in 1996. The equation ignores forced responses on Daily Doubles and Final Jeopardy! Correct responses for Daily Doubles are scored as their natural value.

Browse a database of every 'Simpsons' chalkboard gag

A key component of the intro for "The Simpsons" is Bart writing on the chalkboard as punishment for misbehaving. In nearly every episode, the message on the board is different. This fan-assembled repository allows you to view screencaps for nearly everyone.

The odds of a perfect March Madness bracket are worse than finding one specific grain of sand on Earth

With 63 games to predict, random guessing produces odds of 1 in 9.2 quintillion. Even an informed picker who gets 67% of games right faces odds of about 1 in 120 billion, meaning if every American filled out a unique bracket, we'd expect a perfect one in roughly 366 years.

Fantasy sports' roots go back to an 1860s parlor game that simulated real-world baseball.

The Triple Crown, explained

Only 13 horses have ever won the Triple Crown—one of the most elusive titles in American sports. This explainer breaks down how the series works, why it's so difficult to win, and the legendary horses that defied the odds across the Kentucky Derby, Preakness Stakes, and Belmont Stakes.

'Chin chin' is a Mandarin toast that became popular in Europe

The phrase roughly translates to “please, please” and became popular in Europe after the Renaissance, when travelers, missionaries, and merchants returned from China with some of the customs they’d witnessed. Ironically, it’s rarely used in China today.

The hidden effects of March Madness

March Madness isn’t just a major sporting event—it’s also peak season for vasectomies. Urologists report a 50% increase during the tournament, as patients use recovery time as an excuse to watch nonstop basketball. Meanwhile, workplace distractions from bracket pools and game streaming are estimated to cost US businesses $17 billion.

The first official World Chess Championship was held in 1886

The inaugural world championship took place across New York, St. Louis and New Orleans in 1886, where Wilhelm Steinitz defeated Johannes Zukertort. Steinitz became the first recognized world champion, establishing the modern era of organized competitive chess.

The history of curse words

While profane language is frowned upon in many circumstances, it remains an important part of human expression. This article explores the history of taboo words, and how they eventually creeped more into the mainstream. From 19th century Irish folk-saying “bejabbers,” to the dirty language in comedy routines by Lenny Bruce and George Carlin, discover a brief history of the swear words that have now become more prevalent in society.

Every Kentucky Derby-winning horse

Racing a thoroughbred isn't just about riding a horse as fast as you can. There is a complex racing strategy that forces jockeys to balance aggression and patience, conserving energy for that final stretch. This Kentucky Derby Winners article explores the split-second decisions jockeys make during high-pressure races, the moves they make to outsmart their opponents, and the importance of connecting with their horse.

Before the BCS and Playoff systems, polls often sparked controversy over college football champions

For decades, national titles were awarded by polls like the AP and Coaches’ rankings—leading to split championships, heated debates, and disputed claims whenever top teams finished with identical records.

40 key stock market terms, explained

Liquidity. Forex. Capitalization. Blue chip stocks. These are just a few pieces of stock market vocabulary most people who don't spend all day on a trading floor might not know. Thankfully, we found a fun infographic that makes it easier to learn what 40 key stock market terms mean and why each of them matters.

How did the bull and bear markets get their names?

The terms "bull" and "bear" are used to describe certain sentiments or activities in the financial markets. A bear market refers to declining stock prices and pessimistic outlooks, whereas a bull market represents the opposite.