At Virgin Casino, V is for V Points

 

In the word of sports, V stands for victory, which is critical now in every game as each of the remaining teams in the NBA and NHL playoffs tries to get one step closer to being crowned this year’s champion. Some of the games have gone down to the wire–even necessitating multiple overtimes. But in the end, in every contest, only one team–the one with the highest final score–can claim the coveted victory. On a smaller scale, but more important to you if you’re a Virgin Casino player, V stands for V points.

The more you play, the more V points you earn, and when you ‘re ready to convert them into Bonus Money, the more Bonus Money you’ll receive, too. It’s as simply as that.

That’s why you won’t want to miss this week’s brand new Virgin Casino Sharepot with a million V Points up for grabs.

What can you do with one V point? Absolutely nothing! What can you do with 10 V Points? Also, nothing. Each V Point is worth only a penny. However, a million V Points adds up to plenty of pennies–convertible to $10,000 Bonus Money! Keep reading to learn how to win your share.

What makes Virgin Casino Sharepots special

If you have been playing at Virgin Casino for a period of time, you have no doubt participated in other Sharepot promotions at this NJ online casino. Both VirginCasino.com and sister NJ online casino TropicanaCasino.com offer this type of special promotion frequently.

What’s great about a Sharepot is that it’s an opportunity for all players, not just a lucky few, to share in the prize pool. Sharepots are similar in one respect to many drawings since the number of entries–or in this case, tickets–you get is based on how much you play. However, the difference from a drawing is that it’s impossible to walk away from a Sharepot empty-handed because everybody wins. If you only play the minimum amount to qualify and most of the other participants play a lot more, your share of the Sharepot will be quite small, but it will still be something.

Furthermore, in all Virgin Casino Sharepots, the cap on the number of entries per person is very reasonable. For example, for this Sharepot, the cap is 20 tickets (5 for each day of the four days of the promotion). Anyone with this many tickets is assured that no other players will get a bigger piece of the Virgin Casino V Points pie than themselves.

V Points are valuable because you can convert them to Bonus Money

Most Sharepots award prizes in the form of Bonus Money. Don’t let the casino’s decision this time to award you in V Points instead deter you. Making the conversion to Bonus Money is quick and easy. The smallest number of V Points you can exchange for Bonus Money is 20 V Points, but that is only worth 20 cents. Hopefully, the share you wind up with from this week’s Sharepot will be worth a lot more. For example, if you’re awarded 1,000 V Points, you can exchange them for $10 in Bonus Money. If your share of the Sharepot is $5,000 V Points, those are good for a $50 bonus!

How to participate in the Virgin Casino One Million V Points Sharepot

This promotion is open to all registered VirginCasino.com players. The period for earning entries started on Monday, May 20 and continues until 11:59 p.m. Thursday, May 23. So even if you missed the first day or two days, you still have time.

Each calendar day during the promotion period, for every $50 wagered on any game, you will earn one Sharepot ticket, up to a maximum of five tickets per day if your wagers for the day total $250 or more. You gain no advantage by wagering more than $250 on a given day since the total number of tickets you can earn on any one day is still capped at five. On the other hand, $50 is the minimum amount you can bet on a given day for your wagers to count. You cannot carry over any wagers from one day to the next.

Since the promotion only lasts four days, try to play as often as you can for as much as you can. But if you miss some days or betting $250 per day isn’t feasible, simply do the best you can. Avoid betting any more than you can comfortably afford. As long as you bet at least $50, you will definitely get a piece of the Sharepot.

Collecting your share of the Sharepot

On Friday, May 24, Virgin Online Casino will determine each player’s share of the Sharepot. This will entail some complicated math, but luckily, you don’t have to worry about it. Virgin Casino knows exactly what to do and will have it all sorted out very quickly. In fact, whatever V Points you are entitled to should be credited to your account within 24 hours thereafter. (But allow for up to three business days in case of technical difficulties.)

As soon as you receive your V Points, you can request conversion to Bonus Money. See the instructions on the Virgin Casino website if you don’t know how to do this.

Then, once you see the Bonus Money in your account, there’s one more thing you need to do. Clear the bonus by wagering it once.

Bonus Money wagering requirements

The rules for clearing bonuses at this NJ online casino are very simple and straightforward. It doesn’t matter what type of bonus it is or whether you got it from a Sharepot, drawing, or deposit match, as the terms and conditions are identical.

You have up to 30 days to clear the bonus by wagering it just 1x on any game you wish. That’s all you have to do, and then whatever you win as a result, is yours to keep, except for one important catch. The bonus itself is not withdrawable; only the winnings are. Win or lose, as soon as you have finished wagering the bonus once, the bonus disappears from your account permanently.

Virgin Casino V Points Sharepot Pros and Cons

Now that you know how this Virgin Casino V Points Sharepot works and exactly what you need to do to get a piece of it, you may still be wondering if it’s worth your time.  The answer is that this promotion, like so many others on NJ gambling websites includes some great features along with several other features that are not so great.

What could be better

I think we can safely assume that a lot of players will be participating. Therefore, even though a million V Points and the corresponding $10,000 in Bonus Money sound like a lot, by the time all of the shares are doled out to everyone, unless you have played enough to earn the maximum number of tickets (or close), you could wind up with a very small bonus.

Whenever you get a “sticky” bonus, like this one, if the bonus is small to begin with, after you wager it once and the casino takes the bonus back, in all likelihood, the winnings you’ll be left with, if any, will be negligible. Or if you overcome the odds and you’re lucky enough to score a nice win, forget about trying to keep the winning streak alive using the bonus again to make more wagers. With traditional bonuses, you can capitalize on your winning streaks because, of necessity, you are wagering the bonus over and over again in order to clear it. With this bonus, it’s impossible to capitalize on a winning streak because after you bet the bonus once, it’s no longer in your account!

Great features

On the other hand, precisely because you’re only betting the Bonus Money once, losing your own money in the process is impossible. With a traditional bonus, you probably won’t be able to rely on the bonus alone to meet the hefty wagering requirements, so you have to use your own funds, too. So there is a risk of losing there, but not with this bonus because the casino is footing the entire cost. You’re essentially getting a free shot to bet the bonus once and try to win.

If you’re a small player or if money is tight, getting a risk-free bonus is one of the best offers you can ask for. In addition, compared to many other bonus offers at NJ online casinos, qualifying for this Sharepot is surprisingly affordable. No deposit is necessary and the wagering requirements to earn tickets are very reasonable as well.

Last but certainly not least, Sharepots are fun. Participating gives you a sense of belonging and being part of an “in” group. In addition, since you have no idea ahead of time what your bonus will be, you enjoy all the excitement of a mystery bonus. That, combined with the assurance of a guaranteed bonus, makes this Virgin Casino V Points Sharepot a win-win.

 

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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