Most work places this week have partaken in the annual ritual of setting up March Madness office pools while the more savvy employee uses his or her Web-enabled phone to place March Madness bets online at establishments like
Sports Interaction (the first licensed online bookmaker in Canada).
Reality check: Sports bettors will typically wait until they get home or take their lunch breaks to place bets on March Madness. The cost factor to employers comes into play as a result of work force productivity declining drastically. The March Madness office pool is all too time consuming an affair.
They substantiate such claims with factors such as employee dithering for a minimum of 20 minutes per work day as they mull over their losing brackets. But that's just the beginning. In today's tech-savvy world, employees can now watch the games live on their laptops, PC's and portable devices. With the tournament getting underway Thursday, those 20 minutes of distractions may quickly turn into an hour plus.
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