New Virgin Sharepot Celebrates One Cent Day

 

Sharepots are certainly not new at Virgin Online Casino. In fact, if you’re a long time player, you have probably participated in many. But this time the Virgin Sharepot has a brand new twist.

Typically, the prize pool consists of bonus dollars that are divvied up among all participating players based on how many tickets one earns during the promotion period. However, for this week’s Sharepot–and to my knowledge, for the first time ever–the payouts won’t be bonus dollars, but bonus pennies!

If this sounds more than a tad ridiculous, there really is a reason to this madness. Today, Monday, April 1, is National One Cent Day!

April Fool! Did you really think that VirginCasino.com would have you waste your time earning tickets just to pick up pocket change? That would make no sense. Instead Virgin Casino is doing something that makes a lot of sense (and a lot of cents, too). It’s filling its latest Sharepot to the brim with a million pennies! If you do the math, you’ll see it’s the same as $10,000!

How to participate in the Million Cents Virgin Sharepot

Every year April 1 is National One Cent Day. So for all of you penny slot players, this could be your day to get lucky. It’s also day No. 1 to start earning tickets for the Million Cents Virgin Sharepot. And unlike One Cent Day, which is April 1 only, the promotion period for earning Sharepot tickets continues for four straight days up until 11:59 p.m. Thursday, April 4.

The criteria for earning Sharepot tickets in the past were one ticket for every $50 wagered on any given day up to five tickets per day if you wagered a total of $250 or more. However, for this promotion, Virgin is upping the wagering requirements.

Instead of earning one ticket up to a maximum of five for every $50 wagered on a given calendar day, it’s one ticket up to a maximum of five for every $100 wagered per calendar day.

In other words, in order to earn the maximum possible 20 tickets, you would need to play all four days of the promotion and wager $500 or more each day. As before, you can wager on any game you wish.

Only wager what you can comfortably afford

All of my past articles telling you about the VirginCasino.com and sister NJ online casino TropicanaCasino.com include a note to be careful to limit your play during the promotion period to what you can comfortably afford. Now that Virgin is doubling the wagering requirements, this admonition is even more important.

If you can afford to wager $500 per day to entitle you to the maximum number of tickets, go for it, as it will assure you that you will be in that elite subgroup of players who receive the biggest percentage of the Sharepot. However, if this is more wagering than you have time for or feel you can handle without straining your budget, don’t attempt it. Simply do the best you can, and if it means having to settle for a smaller slice of the pie, so be it.

However, keep in mind that for the purpose of earning Sharepot tickets, you can’t carry over your play from one day to the next. Therefore, even if you don’t play every day of the promotion, make sure your wagers for any days you do play total at least $100.

Virgin Casino keeps on sharing the love every month

In February, Virgin Casino celebrated Valentine’s Day with a “Share the Love” $10,000 Bonus Money Sharepot, and in March, the same casino offered another $10,000 Bonus Money Sharepot, in honor of National Let’s Laugh Day.

Are we starting to see a pattern here of a new opportunity to win a share of $10,000 Bonus Money every month? Maybe. Meanwhile, except for the increased wagering requirements for earning Sharepot tickets, the current Sharepot works no differently from the previous ones. One million pennies is exactly the same as 10,000 dollars, and both the steps the casino will be following to determine your share and the terms and conditions that apply once you get your bonus remain exactly the same as before as well.

How your share of the Virgin Sharepot will be determined

On Friday, April 5, after the four day period for earning Sharepot tickets is over, it will be time for Virgin Casino to figure out exactly how much Bonus Money each participant will receive. This is how it will make this determination.

  • First the casino will determine the total number of tickets that each player has.
  • Then it will add all of these individual totals to get the total number of tickets for all players combined.
  • Next the casino will calculate each player’s percentage of the Sharepot by dividing each player’s total number of tickets by the grand total of tickets for all of the players.
  • The final step will entail multiplying each player’s percentage of the Sharepot by $10,000 (the amount of Bonus Money in the Sharepot) in order to convert the percentages into the corresponding amount of Bonus Money to award to each player.

For example, if you have 20 Sharepot Tickets and all of the participants combined have 5,000 tickets, your percentage of the total is .40%. When you multiply that percentage by $10,000, the result is $40. That’s the amount of your bonus.

When you will receive your bonus from the Virgin Sharepot

You will most likely receive your bonus your bonus within 24 hours of  Friday, April 5. However, in the event of technical difficulties, it could take up to 3 business days.

Bonus Money wagering requirements

The Bonus Money you receive from this Sharepot is subject to the same terms and conditions as any other Virgin Sharepot Bonus Money.

All you have to do is wager the bonus 1x on any game of your choosing, and you have up to 30 days to do so.

You will probably want to get the small amount of wagering done sooner rather than later, as you’ll then have immediate access to any resulting winnings. However,, you won’t be able to withdraw the Bonus Money also. Like all other Virgin Casino bonuses, it’s a sticky bonus, which means that as soon as you complete your 1x bonus wager, the casino takes it back.

Virgin Sharepot Pros and Cons

Like most NJ online casino promotions, this one has some great features but others that leave a lot to be desired.  I’ll start with the latter.

What could be better

Excessive wagering requirements to earn tickets

I think the casino should have left the previous wagering requirements for earning Sharepot tickets alone rather than doubling them. This is meant to be a fun promotion for any player who would like to participate, irrespective of bankroll or betting level.

Sticky bonus

Most NJ online casino bonuses have wagering requirements that are much higher than just 1x the bonus. While this inevitably means some risk to your own bankroll, on the plus side, if you get lucky, you have a great opportunity to run up your winnings. Also, the bonus stays in your account, so as long as you don’t lose it can keep betting that, too. As soon as the bonus is fully cleared, you are free to withdraw not only your winnings, but also whatever is left of the bonus.

In this case, however, you can only bet the bonus once, which makes it impossible to capitalize on a winning streak. On top of that, as soon as you complete this 1x bonus wager, win or lose, the bonus disappears from your account permanently. As a result, in order to have any decent chance to win more than a pittance, a very small bonus is nearly useless.

There’s no way to know ahead of time what your bonus will be. That will depend not only on how many Sharepot tickets you accumulate, but on how that number compares to everyone else. $10,000 or a million pennies sounds like a lot, but there will be a lot of people sharing it

Great features

Fortunately, this week’s Virgin Sharepot also offers some compensating great features.

  • Affordability

Small players find themselves shut out of many otherwise good promotions on NJ gambling websites simply because the deposit and/or wagering requirements  are more than they can afford.This Sharepot at Virgin Casino requires no deposit at all. While many players will find earning the maximum number of tickets too tall an order, the good news is that as long as you can wager at least $100 on one promotional day, you’ll get a piece of the Sharepot. However, don’t expect it to amount to much. In any case, once you get your bonus, there is no further risk to your bankroll at all.

  • Reasonable cap on number of entries

The cap of five entries per day per person, even though it is now based on wagering $500 or more on a given day, rather than $250 or more, is beneficial because it will keep those players who can and probably otherwise will bet a lot more than $500 per day from snagging the lion’s share of the tickets.

  • Guaranteed mystery bonus

Drawings are exciting because of the mystery element. But they can also be very frustrating because only a small handful of players win anything. This Virgin Sharepot combines the fun and excitement of a mystery bonus with the reassurance of a guaranteed bonus.

  • Risk free bonus

While this promotion isn’t completely risk free, since you you do have to use your own funds to earn tickets for the Sharepot, once you receive your bonus from the Sharepot, you’re home free. You only have to bet the bonus once, so you are making that wager with the casino’s money, not your own. If you win great. But even if you don’t, the worst that can happen is that you wind up with exactly the same amount of money you had just before you got the bonus.

The bottom line

Yes, this Sharepot holds a million pennies, but don’t be fooled into thinking it will make anyone a millionaire. On the other hand, two things it does guarantee are a lot of fun and a share of the prize pool. Also, how can you not be intrigued by the prospect of a mystery bonus? Is the offer worth your time? There’s only one way to find out.

 

 

 

 

 

 

 

 

 

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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