It’s Virgin Casino Sharepot Week Again!

 

If Virgin is one of your favorite NJ online casinos, one of your favorite times to play has to be during Virgin Casino Sharepot Week. Well here we go again. What’s not to love about a promotion where everyone who participates shares in the bounty, but as is only fair, the more you play, the bigger your prize?

Fittingly, this week’s Virgin Casino Sharepot is called Fondue Sharepot since the more you dip into the pot, the more you get get out of t! The promotion started Monday, November 26 and continues through Thursday, November 29.  All together, there is $10,000 in Bonus Money up for grabs, but come Friday, it will be all gone. Meanwhile, there are a lot of other greedy players besides you who are wasting no time gobbling up their share. So if you haven’t started yet, what are you waiting for?

How to Participate in This Week’s Virgin Casino Sharepot

If you’re a Virgin Casino registered player and would like to participate in this week’s Sharepot, it’s as simple as playing your favorite games .For every $50 wagered on any game on any given day during the promotion period, you earn one Sharepot ticket, up to a maximum of five tickets per day if your wagers for the day total $50 or more.

Therefore, if you started playing on day 1 (Monday), you could potentially accumulate a total of 20 Sharepot tickets. If you start playing on Tuesday, you can still earn up to 15 Sharepot tickets.

Obviously, it would be to your advantage to collect as many tickets as possible. But if it’s impossible for you to earn the maximum number of tickets, don’t worry about it. Limit your play to what you have time for and can comfortably afford. The great feature of this promotion is that whatever level of player you are, as long as your wagers total at least $50 on at least one day of the promotion, you are guaranteed to get a share of the Sharepot.

Should you make a deposit?

Many promotions take the form of deposit match bonuses, but in this case, no deposit is required. The sole deciding factor for whether or not to make one should depend on whether your account balance is sufficient to cover your play during the promotion period. If not, you should make a deposit since earning entries is the name of the game.

What is a Sharepot and how does it differ from other promotions?

A Sharepot is a special promotion that both VirginCasino.com and sister casino TropicanaCasino.com offer from tiime to time to reward loyal customers for their play. Although all of the NJ online casinos offer a variety of special promotions, Sharepots are unique to these two NJ gambling websites.

Like other special promotions, Sharepots are for a limited time only. The typical time period is either a weekend or four days. This one is for four days.

Similarity to a drawing

On the other hand, many NJ online casinos, including Virgin, offer prize drawings. One similarity between a Sharepot and a prize drawing is that the casino decides ahead of time only what the total prize pool will be, not who is going to get what. Also, in a drawing, some participants are likely to have many more entries than others based on play, just like with a Sharepot.

A third similarity between the two is that players usually don’t have to wait long for the results. As a general rule, drawings take place and Sharepots are distributed the very next day after entries have closed.

Differences from a drawing

The above is where the similarities end. In other ways, Sharepots are very different from drawings.  A major difference is that unlike drawings where most of the time only a very small percentage of participants win anything, in a Sharepot everybody wins.

Unfortunately, in a Sharepot, none of the prizes are big ticket items or life changing amounts of money, like the top prizes in some drawings. In fact, there are no merchandise or cash prizes at all in a Sharepot. Instead, all of the payouts are in the form of Bonus Money credited to the player’s account.

Another difference between a Sharepot and a drawing is that the distribution of prizes in a Sharepot is based entirely on play, not randomly determined like in a drawing. And since a very large number of players will be divvying up the Sharepot, even though the total Sharepot might be worth a lot, individual shares are likely to be small.

Dividing Up the Virgin Casino Sharepot

Once the entry earning period for this promotion is over, it will be time for Virgin Casino to divide up the Sharepot.

The first step will be for the casino to calculate the total number of tickets for all players combined. Once that figure is obtained, step 2 will entail figuring out each participant’s percentage of the Sharepot. More specifically, the number of tickets earned by each player is divided by the total number of tickets earned by all of the players.

Step 3 entails converting these percentages to Bonus Money. This is done by multiplying each player’s percentage of the Sharepot by the $10,000 Sharepot total.

You won’t be privy to any of the intermediary steps, just the final result, which is the amount of Bonus Money you will see in your account. You will have to trust the casino that all the math is correct, but at least you don’t have to worry about doing it yourself.

When will you get your share?

On Friday, November 30, the day after the promotion period closes, Virgin Casino will determine each player’s share of the Sharepot. Any Bonus Money due you will be credited to your account within 24 hours.

Wagering Requirements for the Bonus Money

The Bonus Money you receive from the Virgin Casino Sharepot is subject to the same wagering requirements and other terms and conditions as all other VirginCasino.com (and TropicanaCasino.com) bonuses. You need to wager the bonus 1x on any game of your choosing and have up to 30 days to do so. You will then be free to withdraw whatever winnings you may have from wagering the bonus, but not the bonus itself.

Is this Virgin Casino Sharepot is worth your time?

A promotion for all types of players

If you’re a Virgin Casino player and can devote some time to playing during the promotion period, of course, you should play and claim a share of the Sharepot. Even if you’re a small player, you shouldn’t hesitate to avail yourself of this opportunity. No deposit is necessary, and simply for playing, a piece of the Virgin Casino Sharepot is guaranteed. As long as you can manage at least $50 in wagers on a single day, a bonus will be waiting for you!

Of course, many players will be betting a lot more than $50 in order to accumulate extra tickets so they can get a bigger share of the Sharepot. And so should you if you can afford it. In any case, the casino is to be commended for placing the cap on the number of entries per person at just five a day (based on $250 in wagers). This will keep high rollers from hogging the lion’s share of the pie for themselves and give all players a fair chance to share in the bounty.

Risk free bonus

Another great feature of this promotion is that once you get your guaranteed Bonus Money, you won’t be required to risk any more of your own funds. Unfortunately, after you bet the bonus once, all you will be able to keep are your resulting winnings (if any), not the bonus itself. But the good news is the casino is giving you a free ride to bet the bonus 1x and try to win with it. In the worst case scenario you don’t win and wind up exactly where you started before you bet the bonus. But, with a little luck, you might win and be ahead of the game.

The Bottom Line

 If you have taken part in other Virgin Casino Sharepots, then you probably have a good idea of how it will play out and what kind of results are likely. But if you are new to this type of promotion, it is important that you go into it with realistic expectations. No one is going to be awarded a huge amount of Bonus Money, and because you can only wager it once and then only keep the winnings and not the bonus, sizable winnings are also highly unlikely.

That said, here’s what this promotion does have going for it. It’s fun, easy to enter, and completely adaptable to different players’ playing styles and budgets. And best of all, a guaranteed bonus is right around the corner!

 

Barbara Nathan
Barbara Nathan is both a professional writer and casino, poker, and sports betting expert. Originally from NYC, she relocated to Absecon, NJ in 2013 just prior to the official launch of New Jersey regulated online casino and poker gambling. Besides keeping tabs on important developments in the industry from day 1, Barbara is very familiar with what each NJ online casino has to offer. Her comprehensive, unbiased reviews and promotion descriptions provide a valuable service to NJ online casino players. Barbara also enjoys volunteering in the Atlantic City community. She is a certified literacy tutor at the Atlantic City Public Library.

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