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March Madness is the Division I NCAA Men's Basketball tournament that takes place at the end of every NCAA men's basketball season. Based on their regular season performance teams are selected to participate in the tournament by the NCAA selection committee. A total of 68 teams are allowed to participate in the tournament. 32 are guaranteed spots, based on conference performance, while the others are given "at-large bids", determined by the NCAA selection committee.
The teams are arranged by differing regions in a bracket-type set, with a single game elimination process. Teams are seeded from 1 to 16 based on the selection committee's decisions and are matched up against teams with corresponding rankings. Each round sees fewer teams advance to the next, by way of 68, 64, 32, 16, 8, 4, 2,1. The final team not eliminated is then crowned national champion of the Division I college basketball teams.
Each of the later rounds has been coined with a label, such that teams in the final 16 are called "Sweet Sixteen", teams in the final 8 are called: "Elite Eight", and teams in the last 4, are called "Final Four". The tournament was established in 1939.