So your bracket is already busted, right? Don't worry, so is everybody else's. But what about those gamblers who spent millions and lost on the upsets? You probably don't feel as bad as they do right now.
Thursday was a "great day for sports books overall," said Lou Moretti, managing editor of SportsbookReview.com. But not all of them: "One sportsbook confirmed being down $250,000 going into the night slate of games because of parlay winnings paid on the Georgia State vs. Baylor game."
Most of the bets were on point spreads, but the University of Alabama at Birmingham vs. Iowa State game stood out for the dollar amounts, Moretti said. Because so many people thought Iowa State was a Final Four contender, they couldn't see a loss like this coming. Bettors "got crushed on the Iowa State moneyline across the board with total losses over $2 million," he said.
Another report claimed that Thursday was the second-biggest day in Vegas casino history, reaching Super Bowl-levels of profit.
Here is some analysis of the double-digit upsets Thursday night: