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 Promotion: Run a No-Hitter, No Payments Sale

baseball promotionLooking for a baseball promotion? Did you see the news about that furniture store that handed out $600K in free furniture after Super Sunday? How’d you like a shot at generating that kind of press?  With a little help from Odds On Promotions you can give your customers the chance to get a 100% rebate on all purchases made during your promotional period based on the performance of your local major or minor league baseball team!

With a conditional rebate promotion, if your team gets a no-hitter during a particular game, series or season – or if your favorite major league team goes on to win the 2013 World Series, Odds On Promotions will pay for every item sold during your sale!

Interested in a free, no-obligation quote on this baseball promotion?  Give Odds On a call today at 888-827-2249 or email us for more information.

Media Promotion: Tune-In, Trade Up Thursdays

media promotionLooking to capture a new auto dealer client this Spring? Here’s a media promotion that will drive “trade-ins” and tune-ins: “Tune-in, Trade Up Thursdays!”

Each Thursday you’ll announce the “dealership of the day” giving your audience members the chance to WIN a new car with every “trade-in” at your live appearance with an Odometer Match promotion.

When customers stop by to strike a deal, they will get to enter the last few digits of their odometer reading into Odds On’s number verification unit. If the odometer reading matches the preselected number, your listener will drive home in a new car, and Odds On will pay full retail.

A variety of entry and verification methods are available to suit any budget!  Give us a call at 888-827-2249 for a free, no-obligation quote or email us for more information!

Casino Promotion Worth $100K Insured at Mid-Atlantic Gaming Property

casino promotion - blizzard of cash zoom ballWhether your casino property is looking to attract more players and coin-in during the off-season or a notoriously low-traffic time frame, or if you’re just looking for something to generate excitement among your loyal players, Odds On has the perfect casino promotion for you!

This story comes to us from a casino property in the Mid-Atlantic, who used Odds On’s Zoom Ball promotion to help keep players on their property longer.

For two months this winter, the casino insured Odds On’s winter-themed “Blizzard of Cash” Zoom Ball casino promotion to increase play.   Every Thursday, Friday and Saturday during selected promotional periods, the casino randomly selected players, giving them the chance to participate in the promotion. The promotion official would then activate the ball blower and each player would press the big red button on the machine, sending 6 balls flying into the machine’s “Zoom Zone.”  If a contestant happened to get 6 blue-colored balls in the “Zone” they would have been an instant $100,000 winner, compliments of Odds On!

Interested in insuring a Zoom Ball promotion of your own?  Take a look at all of the stock Zoom Ball themes we have to offer, then give us a call at 888-827-2249 for a free, no-obligation quote or email us for more information.  Don’t see any theme that you like?  No problem — Odds On can customize a specialized Zoom Ball promotion specifically for your property and/or the occasion… just let us know what you have in mind!

Casino Promotion Love Story: Valentine’s Day Zoom Ball!

casino promotionLove is in the air at this Southwest casino property!  That’s likely due to the fact that they’re giving players the chance to win the big bucks with a casino promotion from Odds On: Valentine’s Day Zoom Ball!

Here’s how this red hot casino promotion will work: during the month of February, qualifying players will have the opportunity to stop by the Zoom Ball machine and land 6 red balls in the machine’s “zoom zone.”  If one of them happens to do so, they’ll win an instant $1,000,000, paid for by Odds On!  Bonus: Anyone who gets 5 red balls in the zone, will walk away with $10,000, courtesy of Odds On!

Odds On’s Zoom Ball promotion comes complete with a customizable backlit sign, stock or customizable 3-sided cabinet wrap, and plugs into any standard outlet!  You can even choose what colored balls you’d like to use, as well as what color you’d like the LED light surrounding the sign to be!

In addition to providing prize coverage  for those who get  5 or 6 colored balls in the Zoom Zone, Odds On can assist with budgeting for smaller self-insured auxiliary prizes for those who get a smaller number of colored balls in the Zoom Zone. After all, no one likes leaving empty-handed … which is why Odds On recommends awarding $x in free play, or merchandise from one of your property’s gift shops or restaurants for those who get 2, 3 or 4 colored balls in the Zone.  Not only will your players be greatly appreciative, it will incentivize them to come back for your next big promotion!

Has this casino promotion made you fall in love yet?

Interested in insuring a Zoom Ball promotion of your own?  Contact Odds On Promotions today via email for more information… or give us a call at 888-827-2249 for a free, no-obligation quote!  We’re happy to help!

Million Dollar Shootout Insured at Phoenix Waste Management Open

million dollar shootoutNow here’s some exciting news: For the 5th year in a row, Odds On’s sister company, Hole In One International, had the honor of insuring a Million Dollar Shootout during the 2013 Phoenix Suns Charities Shot at Glory event which occurred during the Phoenix Waste Management Open on January 30, 2013!

On the infamous 16th hole at TPC Scottsdale, 30 amateur players had a chance to make a million dollar golf shot from 160 yards… for a chance to win $1,000,000, paid for by Hole In One International!  Dierks Bentley of country music fame ended up landing his shot 19 feet from the cup.  While no one aced the the Million Dollar Shootout, there were still some big victories that day — one of which consisted of giving Bentley’s designated charity — the Jordan Sterling Foundation– $35,000.  Runner-up Jim Pitman of the Phoenix Suns raised $25,000 for Phoenix Suns Charities and Dave Steiner of Waste Management raised $15,000 for his selected charity.

Run Your Own Million Dollar Shootout…

Interested in insuring a Million Dollar Shootout of your own to help fundraise for your cause?  Hole In One International can help!  Give them a call at 800-827-2249 or email them today for a free, no-obligation quote and more information.  All Million Dollar Shootout policies come with a free sign which announces the sponsor’s name and prize description.  Want to include a logo?  No problem!  Hole In One International can do it all for you.

* To expedite the process of obtaining your quote, be sure to tell your contest consultant the yardage of the hole you’ll be using (135 yard minimum), the number of contestants playing, as well as their golfer status (amateur, club pro or tour pro).