Category Archives: Prize Indemnity Insurance

Prize insurance, known officially as prize indemnification insurance, works a lot like any other form of insurance, except that instead of insuring your car or home against damage, you are a paying a premium to eliminate the risk of paying for a prize if someone wins your contest or promotion.

Baseball Promotional Nights: $5,000 Grand Slam Inning

Are you looking for an exciting baseball contest that will showcase you team or a key sponsor’s business during a baseball promotional night? Odds On has been working with a Minor League Baseball team based out of the Northeastern U.S. to insure a baseball promotion at ten of their games during the season!

For this team’s baseball promotional nights, the contest is a Grand Slam Inning promotion. During each of the ten games, if a member of the team makes an out of the park grand slam home run during the 4th inning of the game, one randomly selected fan will score a $5,000 home theater system, compliments of local Audio/Video retailer – the contest sponsor, and paid for by Odds On Promotions!

Interested in more ideas to help you sell baseball promotional night sponsorships, please feel free to visit our website, or give Odds On Promotions a call today at 888-827-2249 for a free, no-obligation quote. You can also contact us via email with any questions you might have.

P.S. Looking for a fun and unique way to register contestants, while gathering valuable marketing information in the process? Be sure to check out a demo of Odds On’s Online Contest Registration to see just how easy it really is, then give us a call for pricing information!

Baseball Promotion Idea: Ten Millionth Fan Promotion!

I’m back with another baseball promotion idea that a Minor League Baseball team insured in the Midwest – and it also happens to be an “nth” fan promotion, just like the prior baseball promotion idea story that I shared earlier!

Here’s how the promotion worked: On the specified promotion date, fans were eligible to sign up and be chosen to participate in the promotion at the baseball game through the 4th inning. The ten millionth fan through the turnstyle became the lucky contestant in Odds On’s “Ten Runs and Win the Game” promotion! If the baseball team scored exactly ten (10) runs and ended up winning the game, the lucky fan would have been awarded $10,000… compliments of Odds On Promotions!

While unfortunately, there was no grand prize winner, the MiLB team played it smart and didn’t dare leave the lucky 10,000,000th fan empty-handed: they were awarded with a team prize pack, valued at $1,500, which consisted of tickets, various team-branded memorabilia and more!

I love “nth” fan promotions – they’re a great way to increase game day attendence and excitement among fans. Especially when the promotion doesn’t consist of a skills-based contest — the fans merely walk through the turnstyle, the “nth” fan is chosen to be the contestant and sit back and watch the game, in hopes of a certain prize play occurring!

That’s not to say that we don’t offer various baseball promotion ideas which consist of prize plays, however — check out a list of the baseball promotion ideas on our website and then give Odds On Promotions a call today at 888-827-2249 for a free, no-obligation quote… or if you have a unique promotion idea of your own! You can also email us for more information.

P.S. Looking for promotions for a different sport? Check this out!

Out of Television Promotion Ideas? Steal This One!

Surely you’re familiar with Odds On’s TV Lotto promotion… but if not, then here’s a great idea for all you TV stations out there looking for television promotion ideas — a “text in to win” contest where viewers tune in at particular dates and times to see if they’re a prize insurance winner!

A frequent repeat client who has an airtime trading company based out of the Southwestern U.S. worked with a South Carolina-based television station to insure a contest with Odds On Promotions — And when it comes to television promotion ideas, this one drives tune-in like you wouldn’t believe (which is likely why he keeps coming back to insure more)!

Here’s how it works: During a month-long promotional period, the TV station advertised a commercial every day which prompted the viewer to text a specific word to a shortcode. In return, the viewer received a list of six different TV shows via text message. The viewer also had the option of logging on to the station’s website and entering in their email address and other contact information to obtain the list of six different shows.

Viewers were then prompted to tune in to the 10 o’clock news each evening for a live drawing. If the names of the six TV shows drawn happened to match all of the shows on the viewer’s list, then the viewer would have scored $100,000, paid for by Odds On! Viewers had to obtain a fresh list of shows each day to keep participating during the span of the month-long promotion.

While unfortunately, there wasn’t a grand prizeswinner, one randomly selected viewer each week still scored a fabulous auxiliary prizes provided by the TV station — in this case, a $100 gas card!

Awarding promotion contestants with guaranteed client and/or sponsor-insured auxiliary prizes is always a great idea… it keeps folks participating!

Need More Television Promotion Ideas?

Interested in a TV Lotto promotion or need more television promotion ideas? Visit our website, then give Odds On Promotions a call at 888-827-2249 or email us for a free, no-obligation quote and further information! And be sure to watch the video reel below for a live demo of how TV Lotto works!

Casino Contest: Need One? We’ve Got One – The Big Draw!

Hey everyone! I’m here to talk about an exciting casino contest that a client of mine in the Southeastern U.S. insured in order to keep players on their casino property for longer periods of time during the month of June: The Big Draw!

If you’re not familiar with Odds On Promotions‘ lotto-based casino contest, The Big Draw, then allow me to explain how it works:

Players swipe their player’s club card at the game’s kiosk and choose six lucky numbers (1-60) on the game’s touchscreen. After making their selections, players receive a ticket with their picks as well as the next drawing time. At the chosen time, the casino staff conducts a live drawing of six random numbers using Odds On’s ball draw machine… and if a lucky player manages to select all six, they’re a grand prize winner!

While The Big Draw can be used on a countertop, super or deluxe kiosk, this specific property used our 4′ x 8’ deluxe kiosk unit to conduct the promotion. Furthermore, the ball draw machine was provided, compliments of Odds On, to conduct the live drawings. Live drawings occurred every Friday during the month of June, which gave players the chance to win $1,000,000… paid for by no other than Odds On Promotions!

Unfortunately, there was no million dollar winner; however, the casino handed out prizes for those players who managed to select a lesser number of matching numbers. It’s always a great idea to hand out auxiliary prizes to players, whether it’s free play, dining comps, or otherwise — no one likes to leave empty-handed!

Are you interested in insuring The Big Draw? Give Odds On Promotions a call today at 888-827-2249 for a free, no-obligation quote… or email us for more information! You can also check out the other casino contests we have to offer on our website!

Radio Promotions: Off-site, On-Air… Big Prizes, Big Results!

Wondering exactly how a big prize radio promotions can benefit your business?

This spring and summer, Chris Gardiner, Northeast & Midwest Business Development Manager with Odds On Promotions, been working with a broadcasting company based in the Midwest that is running two radio station promotions, both of which are utilizing prize indemnity insurance.

In support of the radio station’s Spring promotion and a Country concert, Odds On’s custom Video Scratch and Win game, “Mega Money Machine”, was taken to nineteen different sponsor locations during various live appearances.

Listeners at each location each got the chance to choose 6 spots on the game’s touch screen. If all six happen to reveal “stacks of cash” symbols, then the contestant would be awarded the insured grand prize of $98,000, paid for by Odds On Promotions! Smaller prizes could also be won by listeners who manage to reveal fewer winning symbols:

concert meet and greet passes
stadium blankets
t-shirts
drawstring sports packs
2 GB memory sticks
grocery totes
bottle koozies
“preferred seating” at the concert

Prizes galore; everyone leaves a winner!

On-Air Radio Promotions Too…

In addition to the live appearance Video Scratch and Win promotion, the radio station is also insuring an on-air Playlist Payoff promotion, where select callers will have the opportunity to choose from three of thirty songs on a list, each of which are correlated with a number. If the caller correctly selects the “top 3” songs, preselected by Odds On Promotions, they’ll instantly win — you guessed it — $98,000, compliments of Odds On’s prize coverage!

Two separate promotions, nineteen sponsor locations, multiple chances to win, one big Spring and Summer … worth over $196,000 in cash and prizes! Talk about ear-candy!

Interested in creating a radio promotion for you station – or group – that will get listeners tuning in to win? Want more information on insuring one of the above promotions? Feel free to email us or just give us a call today at 888-827-2249 for a free, no-obligation quote!

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