Now that the Prime Time Emmys awards show has just aired, many worthy performers went away empty-handed.
TV stardom is not required, nor is any other special talent or claim to fame. This promotion is simply Virgin Casino’s way to thank its players for their loyalty by once again loading a Sharepot with $10,000 bonus money and giving all of you an opportunity to grab a piece of it.
How Virgin Casino Sharepots work
All of the NJ online casinos give existing players frequent opportunities to earn bonus money. However, Virgin Casino and its sister NJ gambling website, Tropicana Online Casino, are the only two that offer Sharepots.
What makes Sharepot offers unique is that they open the door for all active players to reap the rewards. Each Sharepot includes a certain size designated prize pool (usually bonus money). But in this instance, any eligible player who wants to earn a piece of it can. You don’t have to do anything special or different.
Simply play your favorite online casino games, as usual, and your bonus is guaranteed. No deposit is required, and the minimum play requirements are sufficiently reasonable for even the smallest bettors to participate.
You don’t have to rely on the luck of the draw to see whether or not you get a bonus either. As is only fair, the casino will divvy up the Sharepot up based on each participant’s amount of play during the promotion period. No one knows ahead of time what their individual share will be. The biggest shares will go to those with the most play and the smallest to those who only play the minimum. However, everyone is guaranteed to get something.
How to participate in the Virgin Casino Primetime Sharepot giveaway
In July I told you all about the special Ice Cream Sharepot that Virgin Casino was offering in honor of National Ice Cream Week. This time, the inspiration for the Sharepot is the Prime Time Emmys. However, the spotlight is on you because you’ll be the one who receives a reward.
Like the Ice Cream Sharepot, the Virgin Casino Prime Sharepot has been pre-loaded with $10,000 in bonus money. All you have to do to earn Sharepot tickets and get a piece of the pie is play. The period for earning tickets runs from Mon., Sept. 23 until 11:59 p.m. Thurs., Sept. 26. The more days you play during the four-day promotion period and the more you wager each day (up to $500) the more tickets you earn and the bigger your share of the Sharepot.
How much do you need to wager for each Sharepot ticket and how many tickets can you earn?
For every $100 that you wager on any one of these days, will earn one Sharepot ticket, up to a maximum of five if your day’s wagers total $500 or more.
The maximum number of tickets you can earn is therefore 20. However, instead of earning one Sharepot ticket for every $50 wagered on any given day, as for the Virgin Casino Ice Cream Sharepot, you will need to wager $100 to earn each Sharepot ticket.
Play as often as you can this week, but only what you can afford
You don’t have to play all four days of the promotion to qualify for a piece of the Sharepot. However, it is to your advantage to do so since Virgin Casino counts each day’s play separately. You cannot carry over a previous day’s play to the next day.
Furthermore, as long as you wager at least $100 on any game or combination of games on at least one day of the promotion, Virgin Casino guarantees you a piece of the Sharepot. But obviously, if all you play is the minimum, your share will be very small.
On the other hand, to earn the 20 tickets maximum, you would not only need to play all four days of the promotion but wager at least $500 per day for a total of $2,000. Don’t do this unless this is consistent with your usual level of wagering and you can comfortably afford it.
No promotion, no matter how big the prize money, is worth jeopardizing your bankroll for, so keep that in mind while you participate in this promotion. And in this Primetime Sharepot, even though the total prize pool of $10,000 is a lot, all rewards are in the form of non-redeemable bonus money, not cash, that many people will be sharing. So individual shares will almost inevitably be small. No one is going to wind up with a windfall.
Your best bet is therefore to play as often as possible (ideally all four days) but only to the extent you can afford.
How Virgin Casino will distribute the Primetime Sharepot bonus money
Unlike a deposit match bonus, where each player knows ahead of time exactly what his or her bonus will be, with Sharepots you won’t know (and neither will the casino) until the promotion is over. That’s when Virgin Casino will calculate each person’s play compared to everyone else’s and what share of the total will go to each participant.
Here in a nutshell what Virgin Casino will do to determine what your bonus (and that of every other participant) will be.
- Count how many Sharepot tickets (1-20) each participating player has earned.
- Get a grand total of the number of tickets earned by all participants combined.
- Calculate each participant’s percentage of the Sharepot by dividing whatever number of tickets he or she earned by the grand total.
- Multiply each player’s percentage of the Sharepot by $10,000 (the total amount of bonus money the Sharepot contains). This will indicate the amount of bonus money that each player will get.
For example, let’s say you earn 15 tickets and all of the players combined (including you) earn 6,000 tickets. When you multiply .0025 by $10,000, you get $25, so $25 is the size of your bonus.
When will you get your bonus?
On Friday, Sept. 27, Virgin Casino will determine exactly what each player’s share of the $10,000 bonus money Primetime Sharepot will be. Then expect to see your bonus credited to your account within 24 hours (or if there are technical difficulties, within three business days, at most).
Wagering requirements for the Virgin Casino Primetime Sharepot bonus money
The wagering requirements and other terms and conditions for the Primetime Sharepot bonus money are exactly the same as for any other bonuses existing players receive from VirginCasino.com (or TropicanaCasino.com).
You have up to 30 days to clear the bonus. Simply wager the bonus 1x on any game you wish. All games count 100 percent.
As soon as you complete the required wagering, you will be permitted to withdraw any resulting winnings. However, you will not be able to withdraw the bonus money itself then or ever.
Obviously, if you win, it would be nice to be able to wager your bonus again to try to increase your winnings. This is something you not only can readily do with traditional bonuses, but have to do, in order to satisfy the wagering requirements. However, at Virgin Casino, you don’t have that option.
Like all other Virgin Casino bonuses, the Primetime Sharepot bonus is a sticky bonus that the casino takes away from you as soon as you wager it once.
Virgin Casino Primetime Sharepot pros and cons
Virgin Casino claims that it is offering the Primetime Sharepot as a way of saying thank you to its players. That may be, but also keep in mind that in only letting you bet your bonus once and then taking it away from you, it is doing so for its own benefit, not yours. In fact, all NJ online casinos create bonus offers that, in one way or another, ultimately favor their own bottom line. That is the main reason they offer them.
What features of this promotion could be better
$100 (vs. $50) wagering requirement to earn Sharepot tickets
Sharepots are intended to be fun promotions encouraging widespread participation. Increasing the wagering requirement to earn each Sharepot ticket from $50 to $100 will make it difficult for some players to earn more than the minimum number of tickets or close to the minimum. As a result, they will only qualify for a tiny share of the Sharepot.
Yes, it’s true that it’s a lot easier to clear a bonus that you only have to wager once than one that you need to wager over and over again many times. However, what is nice about the latter type of bonus is that if you’re lucky, you can win a lot of money in the process. Then, as soon as you have completed all of the wagering, not only whatever you have left of your winnings, but also the bonus itself, is yours to keep. With this bonus, neither of those highly advantageous features is available to you.
The bonus might be too small to give you a meaningful size win
After you bet the bonus a single time, you can only withdraw your winnings (if any) and not the bonus itself. Therefore, in order to have more than a very remote chance of better than a trivial win, the bonus needs to be larger than a traditional bonus. However, with hundreds of other players also receiving a piece of the Sharepot, individual shares will most likely be quite small, especially for those who haven’t played enough to earn more than a few tickets.
Virgin Casino Primetime Sharepot great features
Now I will mention several great features of this promotion. They are what makes this promotion, in spite of all the aforementioned drawbacks, still worth your time
Easy to access and affordable to most players
This is the type of promotion that will appeal to a very wide range of players. Small players will appreciate being able to get a bonus based solely on play and not contingent on making a deposit. While playing enough to earn the maximum number of tickets will reward you with a bigger share of the Sharepot, if that is more than you can comfortably afford, no problem. Simply scale down your play to what you feel you can manage. As long as you wager at least $100 on one day of the promotion, you will still get a bonus.
More great news is that once you get the bonus, it is completely risk-free since you will only be wagering it one time.
On the other hand, if you can afford to earn the maximum of 20 Sharepot tickets, go for it. No one will get a bigger share of the Virgin Casino Primetime Sharepot than you.
Reasonable cap on the number of Sharepot tickets per person
Instead of allowing players with deep pockets to accumulate an unlimited number of tickets, like many prize drawings at NJ online casinos do, Virgin Casino limits each player to only five Sharepot tickets per day. Players who typically wager more than $500 per day can still do so, of course, but their piece of the Sharepot will not increase further. By placing a cap on the percentage of the prize pool any given player can receive, all participants can get their fair share. No one gets left out
What gambler doesn’t love a guaranteed mystery bonus?
Whenever you enter a drawing, winning anything is far from guaranteed. In fact, much more often than not, only a very small percentage of all of the people entering win a prize. However, in this promotion, everyone who wagers $100 or more on at least one of the four days is guaranteed to get a piece of the Sharepot bonus money.
What you won’t know, however, is how much your bonus will be. There is a good chance it won’t be big, but because the amount is a mystery, playing and seeing what happens is still fun and exciting.
What gambler doesn’t love a risk-free bonus?
Lastly, once you get your guaranteed bonus from the Primetime Sharepot, you’re home free. Since you only have to wager the bonus once, clearing the bonus costs you nothing. Instead, Virgin Casino is giving you a free shot to wager the bonus and try to win as a result.
If you don’t win, no harm done. Your online casino bankroll will be exactly what it was before you got the bonus. However, you could win–both in your play this week to earn tickets for the Sharepot and again in betting the bonus money.
So go ahead and take advantage of this Primetime Sharepot offer at Virgin Casino. It’s not the type of promotion that is going to make you (or any other player) rich, but as a fun way to reward yourself with a risk-free guaranteed mystery bonus, this promotion is a winner.