The first day of the NCAA Tournament reminded college basketball fans why it is called "March Madness."

In the early slate of games, 13-seed Furman took down 4-seed Virginia on a late turnover by the Cavaliers, resulting in a game-winning three from JP Pegues, giving Furman its first NCAA Tournament win since 1974.

In the afternoon, 15-seed Princeton stunned 2-seed Arizona, going on a 9-0 run to close the game and win its first tournament game in 25 years.

Day 2 of the tournament kicks off Friday, and there will undoubtedly be more "madness" to come.

However, among the great finishes on Thursday came a terrible gambling beat for bettors backing the Alabama Crimson Tide.