A sports betting pool or office pool is a variant of parimutuel betting and is similar to a lottery.
The host collects a buy-in from each participant. At the end of the pool, the prize pool is rewarded equally to the winners. In some cases, there may only be one winner.
Sports betting pools were popularized in the 20th century, but the method was invented during the 19th century (1864) by Joseph Oller in France. Traditional sports betting pools were run by bookies and they would deduct a house-take from the prize pool to make their money.
However, if you’re hosting an informal office pool at work or with friends, you shouldn’t take a cut.
The American Gaming Association (AGA) estimated that forty million Americans filled out 149 million NCAA March Madness brackets at a cost of $4.6 billion in 2019. Other popular office pools played by millions of Americans annually include NFL Survivor Pools and College Football Bowl Pools.
Here’s a breakdown of the sports betting pool formats we offer through our software:
Squares: NFL Super Bowl squares pools are the most popular for this format, but you can run a squares office pool for other sports, including March Madness, NBA, PGA, MLB, UFC and NBA/NHL playoffs team squares. You can customize the grid however you want.
Brackets: We already discussed March Madness brackets and how much is gambled every year on those, but there are other popular bracket office pools. Playoff bracket pools are great for fans of the NFL, NBA, NHL and/or MLB. We also support soccer bracket pools.
Survivor: NFL survivor pools reign supreme in this format. Millions of NFL fans compete in annual survivor office pools. Our software also supports survivor pools for a number of other sports, including the NHL, PGA, NBA, MLB, NASCAR and soccer.
Running your office sports pools has never been easier.
Our software suite is capable of powering your sports betting pools, ensuring the entire process is smooth, from start to finish.
Millions of people participate in office pools around the world. North Americans love office pools and with the sports schedule so loaded, it’s possible to host sports pools year-round.
Whether you’re running a sports betting pool at the office with work associates or just with a group of friends, here are five reasons why office sports pools work so well:
Office pools are played by millions of North Americans every year. Whether they’re filling a bracket for March Madness or competing in a NFL survivor pool, they’re loved by many.
Run your next office pool with us to help automate the process.
Our customizable software allows you to run a variety of office pool formats for the NFL, NBA, MLB, NHL, UFC, NASCAR, PGA and soccer, making us one of the only all-in-one solutions on the market.
Now that you know what a sports betting pool is and why office sports pools work so well, it’s time to set-up your next pool using our software. We guarantee your next pool will run smoothly.