NCAA March Madness: 5 things you should know

Chris Allen (4) of the Iowa State Cyclones drives against Jeremy Lamb (3) of the Connecticut Huskies during the second round of the 2012 NCAA Men's Basketball Tournament at KFC YUM! Center on March 15, 2012 in Louisville. Allen led four Cyclones in double figures with 20 points as Iowa State stunned the defending national champions 77-64.
Getty Images/Jonathan Daniel

(CBS News) With March Madness in full swing, here are five things to keep in mind as the NCAA basketball tournament continues Friday. Complete NCAA tournament coverage
Pictures: NCAA 2012 early rounds

1. New Orleans: Home of March Madness history New Orleans, site of the Final Four this year, has a history of crazy things happening there. In 1982, Michael Jordan hit the iconic shot to win the game for North Carolina in the national championship. In 1987, Syracuse was just about ready to win the tournament -- they're missing free-throws down to the end. With 28 seconds left, after missing a one-on-one, Keith Smart hits the shot and wins it for Indiana, 74-73. Finally, in 1993, there was the infamous Chris Weber time-out that Michigan didn't have for the Fab Five -- which secured Dean Smith's second and last national championship at North Carolina.

2. Feel good story One of best "feel good" teams is Murray State University. They were undefeated for much of the season and the winner of the first-round game against Colorado State, 58-41. They have one of the best "unknown" stars in the country in guard Isiah Cannon. He was a victim of Hurricane Katrina, growing up in Mississippi, so he'll have plenty of fans, if the Racers came make it to the Big Easy.

3. VCU = Bracket busters There is always a team that screws up your bracket. Which team holds that distinction this year? Virginia Commonwealth, or VCU Rams, were last year's feel good story, making it all the way to the Final Four. Last night, the 12th-seed Rams beat 5th-seed Wichita State, proving they are a strong team. Just 34-years-old, and only in his third season with the Rams, head coach Shaka Smart is credited with the "havoc" defense that other teams have had a hard time playing against.

4. Coach Calipari chasing championship The No. 1 team in the country is Kentucky, led by their controversial coach, John Calipari. Love him, or hate him, you can't stop watching him. He gets the kids to play hard. Calipari will be looking for his first national championship. He has the best player in tournament in forward Anthony Davis. Watch him now because he's likely to be the No. 1 pick of the NBA next year.

5. "One Shining Moment" The video montage that ends the tournament on Monday night -- with all the best plays and the most emotional moments -- is set to the song, "One Shining Moment." David Barrett, a singer/songwriter from Ann Arbor, Mich. -- and is a close friend and wrote the song in a bar. It's become the soundtrack of the sport.

Coverage of the NCAA basketball tournament continues on CBS.