Sports
POLL: Are March Madness Office Pools Allowed in Your Workplace?
More than $2.5 billion is bet on the March Madness tournament annually and more than 65% of workers join an office pool.
Americans illegally bet $2.5 billion on the NCAA Tournament each year, the FBI estimates.
Perhaps that's no surprise, considering that 65 percent of office workers participate in a workplace pool for the tournament, according to a Vault poll. That's even more than the Super Bowl (58 percent), the survey said.
Officially, betting on college sports is only legal in Nevada.
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Although the FBI likely will not be conducting a sting operation in your office, participating in or organizing inter-office gambling is illegal. Yet for the average college basketball fan looking for an edge in a March Madness office pool, there are lots of experts on the Web on how to pick winners including a University of Illinois expert in statistics and data analysis.
The NCAA selection show was Sunday. The first games start today, March 13.
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To see who made the cut for March Madness 2012, click here.
By the way, the odds of getting every game correct is about 1 in 13 million.
Do you feel lucky?
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