March Madness was first used to describe high school basketball and wasn't until 1939, that the NCAA attributed the word to its basketball tournaments. Now the term represents the most talked-about basketball event in the basketball season. Before the tournament, 40 million Americans complete roughly 70 million brackets and spend nearly $9 billion on March Madness wagers.

The odds of filling out a perfect bracket are one in 9,223,372,036,854,775,808 (that's quintillion).

March Madness will affect restaurants in a few ways. Here are some tips to keep in mind when preparing for the madness to ensue.

Do you know how March Madness affects your sports bar or restaurant? You should. Here's everything you a restaurant operator needs to know about March Madness -- from how much NCAA fans spend on beer to game-day food delivery takeout.

For starters, when all of the NCAA fans flock to your bars expecting to watch a specific game, how will you find the game they want?

Do us all a favor and don't waste your time flipping through channels.