March Madness ‘gambling holiday’ risky for compulsive gamblers

March 6, 2015 7:37 PM

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It’s an office tradition that can create camaraderie, boost morale and provide escape from daily routine. March Madness pools are estimated to attract more than 50 million workers to bet on brackets as the NCAA men’s basketball tournament begins this month. But for the approximately five million people with a gambling addiction, the next few weeks can present temptation, or torture.

“It’s riskier than a lot of people think,” said Keith Whyte, executive director of the National Council on Problem Gambling, sponsoring Problem Gambling Awareness Month, now underway. “The guy sitting down the hall could have lost hundreds of thousands of dollars gambling. For him, this could be dev...

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