Vault 2011 Office Betting Survey

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2011

www.vault.com

The Vault Office Betting Survey

Betting Pools Are Everywhere www.vault.com

Vault Office Betting Survey 2011

Yes; 71.5%

No; 28.5%

Have you ever participated in a bet-ting pool at your workplace? 82% of respondents say their

colleagues participate in betting pools

“It's like speeding - if everyone is going to bet on who is going to get fired, it probably shouldn't be allowed. When the entire country participates in March Madness, it's a bit ridiculous to outlaw it. “

www.vault.comThe Winners Are…


Marc

h Mad

ness

Super B

owl

NFL re

gular

seas

on

Fantasy

leag

uesOth

er

College

footb

all

Awards s

hows

Co-worke

r's pre

gnancy

NCAA baske

tball (

regu

lar se

ason)

Reality

shows/c

ompetitions0%

10%

20%

30%

40%

50%

60%

70% 65%

58%

34% 32%

19%14% 13% 12%

9% 9%

Which types of office betting pools do you and/or your co-workers engage in?*

*Percentages add up to more than 100% because respondents could select more than one option.

Productivity Killer or Harmless Fun?


Less

than

30 minute

s

30 minute

s - 1 hour

1-2 hours

2-4 hours

4-6 hours

More

than

6 hours

N/A - I

don't parti

cipate

in offi

ce pools

0%

10%

20%

30%

40%

50%

60% 56%

15%

4% 2% 0% 1%

21%

How much of your workday do you spend discussing/researching/making picks?

“I have seen co-workers not do ANY work at all, ALL day long.”

“Almost no work gets done in the office during March.”

“Zero office time. That's stealing.”

Not Everyone Likes to Gamble www.vault.com


Yes78%

No22%

Do you think it is appropriate to have office betting pools?

“March Madness […] is a great team builder, engaging folks from the office, plant floor, shipping/warehouse, remote sales offices, even a few customers and vendors. ”

“My office is awash in sinners. Some day a real rain will come and these cubicles shall be cleansed.”

“I’ll Bet You $5 We Don’t Have a Policy” www.vault.com


Yes; 10%

No; 43%

Not sure; 47%

Does your company/firm have a policy regarding betting pools?

“Absolutely no betting of any kind while at work or on company property”

“It is not tolerated ... so you have to do it secretly”

“My boss was right there betting with us”

The Cost of Fun Doesn’t Have to Be High… www.vault.com


$10 or less $11-$25 $26-$50 $51-$100 $101-$250 More than $250 Other0%

10%

20%

30%

40%

50%

60% 57%

25%

4% 3%0% 1%

9%

How much money does it usually cost to enter your office's betting pools?

…But the Rewards Can Be www.vault.com


$50 or less $51-$100 $101-$200 $201-$300 $301-$500 $501-$750 $751-$999 $1,000 or more

It varies Other0%

5%

10%

15%

20%

25%

14%

19%

21%

13% 13%

5%

2%3% 2%

9%

How much money does the winner usually receive?

The Few, the Proud… www.vault.com


Yes; 33%

No; 67%

Have you ever won an office pool?“Small is beautiful when it comes to pools. Too much money and too many participants ruin them.”

“I won by pure luck. I think I won $180.”

“I won a $250 gift card…felt like a heel because I own the place.”

Gamblers Just Wanna Have Fun www.vault.com


0%

20%

40%

60%

80%81%

54% 52%

31%

6%

What do you think are the primary drivers for employees to participate in office betting pools*

*Percentages add up to more than 100% because respondents could select more than one option.

Everyone’s a Winner www.vault.com


Positive; 64%

Neither posi-tive nor neg-

ative; 29%Negative; 8%

Overall, how do you view the impact of office betting pools on the environment at your of-

fice?*“We used a betting pool as a fundraiser for our United Way campaign.”

“Just working on the office betting pools is the same as stealing from the Company. In fact the next time I see that, I'm going to put an anonymous note on all the bosses desks to make them aware.”

*Only includes respondents whose workplaces do have office betting pools.

Vault 2011 Office Betting Survey

Career

Transcript of Vault 2011 Office Betting Survey