Wednesday, March 01, 2006

Wednesday March 1st

This time of year sucks-we are a month away from baseball that matters, March Madness doesn't actually begin until the third week of March (at least for this part of the country where conference tourneys don't matter), the NBA Playoffs are a month and a half away and Spring football is also about a month away. So..... what do we do for fun? Well, we could place a wager one something that normally we wouldn't care about. That is what makes sports fun ALL year long. Check out the following:

According to the 2006 Office Betting Pools Survey by career publisher Vault Inc., 67% of employees admit to taking part in office betting pools, up from 61% last year, as reported by BUSINESS WIRE.
The Super Bowl and the NFL regular season remain the most popular events for workplace pools, with 65% and 61% of employees who actively take part in office betting pools participating. Other popular pools? March Madness (57%); pregnancy pools (19%); the Oscars (13%); and reality shows (12%).
Some of the more unusual or creative pools named: a bet on when an underperforming employee will be fired; when the first day of snow will occur; and the morbid celebrity death pool, wherein participants pick the next likely celebrities to pass.
Productivity is generally not suffering because of betting pools, as most employees, 73.5%, spend only 5-10 minutes at the office making their picks and save further research to do at home. A majority of respondents, 80.5%, said that people do not take the possible illegality of pools seriously at all, and most offices (86%) do not have any company policy against betting pools that survey respondents are aware of.
Vault's 2006 Office Betting Pools Survey was conducted in mid-February and is comprised of 328 responses from employees across the U.S.
CBS Sports' decision to offer free online viewing of the men's National Collegiate Athletic Association's college basketball championships

Outplacement consulting firm Challenger, Gray and Christmas estimates that every 13.5 minutes March Madness fans spend on the Internet watching games costs employers $237 million in lost wages. Over the tournament's 16 days, the cost could reach $3.8 billion. The drop in productivity actually begins March 13, the day after the NCAA selection committee announces the tournament's 65 teams.


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