The NCAA basketball tournament is one of the most-watched and most-followed annual sporting events. Fans and novices of college basketball alike fill out brackets and tune in faithfully to the culmination of March Madness. But how well do you really know the odds behind your picks, or your favorite team's chances?

We asked our friends at the Book of Odds, a website that compiles statistics on the likelihood of events, to crunch a few numbers on the Big Dance. Here's what they came up with.

At right, UNLV players warmed up on the court in Oklahoma City.