This Day in History: , March Madness Is Born.<br />March 27, 1939.<br />The University of Oregon won the first <br />NCAA men's basketball tournament when <br />it defeated Ohio State University, 46-33.<br />That year, only <br />eight teams had <br />been invited <br />to participate.<br />Now, March Madness <br />hosts 68 teams after <br />expanding from 65 in 2011.<br />The first NCAA women's tournament <br />took place in 1982.<br />UCLA has won the most NCAA<br /> men's basketball championships <br />with 11 titles, followed by Kentucky with eight.<br />The tournament has transformed college <br />basketball into the most-gambled-upon <br />sporting event after the Super Bowl
