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.

Number Match Promotion Valued at $50K Insured at Boat Show

Participating in a large event, such as a trade show? Why not incentivize attendees to visit your booth by insuring a grand prize number match promotion with Odds On Promotions, like this Florida boat dealer did at their local boat show!

Here’s exactly how it worked: the client’s local newspaper printed 10,000 inserts for distribution in the Sunday paper prior to the boat show. Each insert contained a unique 6-digit number. Readers who attended the boat show would present their newspaper insert and use Odds On’s handheld verification unit to enter in their 6-digit number. If the number they entered ended up matching Odds On’s preselected 6-digit number, then that lucky attendee would have scored $50,000… compliments of Odds On Promotions!

While unfortunately, no one managed to guess the lucky number, traffic was still increased to the boat show and the promotion generated much excitement among attendees!

Other than a number match promotion, what else can I insure at my event?

Aside from our number match promotion, there are plenty of other contests which can be insured at any trade show or event! Whether it’s one of our stock Video Scratch & Win promotions (or a custom one of your own!) or one of our many Lucky Envelopes contests available, we have a promotion for you! Have a promotion idea of your own? Feel free to share it with us — we’ll help you price it out and insure it!

Interested in insuring a number match promotion at your next big event? Give Odds On a call today at 888-827-2249 for a free, no-obligation quote… or email us for more information!

Lucky Envelopes Promotion Insured at Ice Fishing Derby

Just because its the middle of winter doesn’t mean you can’t run an amazing fishing event! Check out how a Wisconsin insurance agency recently assisted a local fishing derby by giving participants a shot at winning the big bucks in an ice fishing derby Lucky Envelopes promotion, insured by Odds On Promotions.

Here’s how the Lucky Envelopes promotion worked: 4 lucky contestants of the ice fishing derby, chosen at random, were selected to participate in the Pick ‘Til You Win-style Lucky Envelopes promotion, in which each of the 4 individuals chose 5 lucky envelopes.

5 Lucky Envelopes Could Have Meant a $10,000 Payout…

The 4 contestants each started with 35 envelopes, opening one envelope at a time, unveiling one of three different prize symbols, representing three different prizes. The first prize symbol drawn five times would be the prize the lucky contestant would walk away with. If a lucky angler managed to select the five Lucky Envelopes which contained the matching grand prize symbols, then they’d win an instant $10,000… paid for by Odds On Promotions! Did we mention that each of the 4 participants of the promotion each had a chance to win the insured prize? Yep, there was a total of $40K on the line!

Although unfortunately, no one managed to score the $10,000 grand prize, it was still a winning day for participants because the event featured over $16,000 in guaranteed prizes, including cash and ATVs! (Talk about a great example of “doing it right” when it comes to a grand prize promotion — after all, no one likes leaving empty-handed!)

Interested in insuring a Lucky Envelopes promotion of your own? Whether you’re holding a fishing tournament, a different sports event, a trade show or need to drive traffic to your store… Lucky Envelopes are the perfect promotion to insure any place, any time! Just give Odds On Promotions a call today at 888-827-2249 for a free, no-obligation quote… or email us for more information! We look forward to hearing from you!

Basketball Promotion: Scratch, Match and Win!

Need an innovative basketball promotion idea for this season? Odds On Promotions has just the thing for you! Use our prize indemnity insurance to put the chance to win in every fan’s hand, while giving your sponsor incredible exposure before, during and after every game with Odds On’s Scratch, Match and Win video board promotion.

Odds On Promotions will customize a scratch card to feature your prize and your sponsor’s logos along with a custom coupon offer. Distribute the cards prior to tipoff, instructing fans to “scratch” off their cards and watch the video board during the half.

If the numbers on the fan’s card match the ones revealed on a customized video playback, a lucky spectator will win the big bucks, and Odds On Promotions will be there to pay for the prize!

For more information on this promotion, as well a free, no-obligation quote, feel free to give us a call at 888-827-2249 or email us for more information! Need more basketball promotion ideas? Check out our Top 10 Basketball Promotions PDF!

Basketball Contest: 10-Person On-Court Putting Contest Insured!

Here’s a fun basketball contest idea from a university in the South: an on-court putting contest!

At the game, 10 lucky contestants were selected to participate in this on-court basketball contest via registration forms. After being chosen, the participants came down to center court and each attempted a 50-foot putt! If any of the ten contestants were able to successfully sink the putt, it would have meant some big prize money, paid for by Odds On Promotions, of course!

While unfortunately, no one ended up holing putt, the basketball contest was still a winner. The university reported that a few of the contestants came very close to winning the insured prize and the crowd thoroughly enjoyed the promotion!

Need More Basketball Contest Ideas?

Whether it’s a frisbee toss, putting contest, or paper airplane toss, Odds On can insure any type of promotion at your college or university’s basketball court! Just give me a call directly at 800-771-0250 for a free, no-obligation quote or email Odds On Promotions for more information! Need some other sports contest ideas? Browse the sports section of our website!

Golf Contest Insured at 2013 AT&T Pebble Beach National Pro-Am

Have you heard the big news? Odds On Promotions’ sister company, Hole In One International, insured a golf contest at the renowned PGA charitable event, the 2013 AT&T Pebble Beach National Pro-Am! The contest itself is dubbed “The 3M Celebrity Challenge” and occurred Wednesday, February 6, 2013, at 11:00am.

Twelve celebrities (chances are you probably know of at least a few of them… do the names Ray Romano, Bill Murray and/or Kenny G ring a bell?) gathered at the 17th hole at Pebble Beach Golf Links for a chance to participate in a golf shootout contest! If any of the twelve celebrity golfers ended up scoring a hole in one on the 170-yard hole, they would have scored $100,000 for their designated charity, paid for Hole In One International!

Golf Contest: A $100,000 Shootout for Charity!

The best part about Hole In One International’s hole-in-one and shootout insurance is that the coverage isn’t limited to one player! Technically, if all twelve celebrity golfers were to have aced the 170-yard par 3 hole, they each would have landed $100,000 for their designated charity — again, compliments of Hole In One International!

“Insuring a major PGA event such as this one is undoubtedly great news for our company”, states Kristen Hansen, Marketing Assistant with Hole In One International and Odds On Promotions. “The fact that we’ve been privileged enough to insure a golf contest at both the AT&T Pebble Beach National Pro-Am, as well as the Phoenix Waste Management Open this year, is definitely a feel-good experience. Being the golf enthusiasts that we are here at Hole In One International, it’s also exciting for all of us to watch the events live to see if we end up with a winner — or at least to see who comes close!”

Want to insure a golf contest of your own? Give Hole In One International a call today at 800-827-2249 for a free, no-obligation quote or email them for more information!

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