It's currently the month when America's top college basketball teams start competing for the national title aka March Madness time! I don't think there is anything wrong with placing small bets and having a friendly competition with your pals, but some of you may disagree with me. A good rule of thumb for gambling is to only put forward an amount you're willing to lose and to not assume that you're going to make money off of it. Hey, $5 bets are fun when you're competing with your friends! So what do you think of March Madness betting — is it harmless fun?