NEW YORK, March 20, 2008 - With the Super Bowl, Oscars and March Madness,
workplaces across the country are inundated with office betting pools. According to a
new Vault.com survey, 58% of employees say they partake in such pools, and 77%
indicated that their co-workers participate.
Pools for the Super Bowl are most popular; 51% of respondents say they or their cubicle
mates have joined a pool for the big game. Following closely behind is the NCAA men’s
basketball tournament with 48%. Other pool-worthy events: NFL regular season games
(32%), co-worker pregnancies (13%), the Oscars (12%) and reality shows like American
Idol and Survivor (11%).
One respondent said, “[Pools] add a level of excitement on game day, and they enhance
socializing in the workplace.”
Vault’s Office Betting Pools Survey was conducted in February, 2008 and consists of
responses from 683 employees representing various industries across the United States.
Pools generally don’t interrupt the workday too much (68% of respondents say they
spend only five to ten minutes at work making their picks), and 65% say the cost to enter
is relatively low, only $5 or $10. The winnings vary, but 66% say they usually amount to
$200 or under. Almost one quarter of survey-takers (24%) say they’ve won an office
Most employees (91%) say their offices either do not have a policy against betting pools
or they are unaware of one. According to the survey, 72% of employees say the primary
motivation for office pools is to have a little harmless fun at work.
For more on office betting pools, visit www.vault.com. To check out Vault’s Job Talk
video on the subject, CLICK HERE.
Vault is the leading media company focused on careers. Vault offers over 100 online and
print books, and is celebrated for its online resource,www.vault.com, which features
thousands of company and university profiles, information on hundreds of occupations
and industries, articles on a multitude of workplace topics, a network of message boards
for professionals and jobs-related video, blogs and research tools. Maintaining offices in
New York, London, Mumbai, and Hong Kong, Vault was founded in 1996 by Hussam
Hamadeh, Samer Hamadeh, and Mark Oldman.
Contact: Melanie London