Second Summer Sharepot at the Trop
The temperature outside is far from the only thing that’s hot this summer. After a relatively quiet last week, it looks like the NJ online casino promotions are finally starting to heat up. And a perfect way to kick off the final week of July is with the latest sizzling offer from Tropicana Online Casino. It’s this casino’s Second Summer Sharepot, and counting a similar offer we told you about at VirginCasino.com two weeks ago, the third Sharepot of the season!
Regular TropicanaCasino.com players will welcome the return of the popular Sharepot promotion. For those of you who are new to the site or are unfamiliar with how it works, the following is a brief summary.
How Sharepots Work
A Sharepot is a special prize pool set up by the casino that allows every participating player to receive a share. The amount each individual player will receive is not known ahead of time, but will vary depending on two factors:
- The total amount wagered by all players combined during the promotional period.
- The percentage of the total amount contributed by the player.
All players who wager at least the minimum are entitled to a piece of the Sharepot. However, players who wager more than the minimum will get a bigger piece.
Difference Between a Sharepot and a Drawing
A Sharepot differs fundamentally from a drawing, in which only a designated number of participants are randomly picked to win a prize. Instead, all participants are winners. In addition, while the prizes in some drawings are in the form of cash, merchandise, or a trip, Sharepot prizes come in the form of Trop Points based on the number of tickets earned playing during the promotional period. Once you are informed how many Trop Points you have earned, you can convert them into Bonus Dollars.
How to Participate in the TropicanaCasino.com Second Summer Sharepot
The Tropicana Casino’s Second Summer Sharepot starts today, Monday, July 24, and continues through Thursday, July 27. Payout date is Friday, July 28.
The rules are identical to those of Tropicana Online Casino’s Summer Sharepot during the week of June 27. For every $10 wagered during the promotion, the casino will sweeten the Sharepot with 1 Trop Point, up to a maximum of 1 million Trop Points. But the rest is up to you. Each day during the promotional period that you wager $50 or more on any game, you will earn at least 1 Sharepot Ticket. The casino will give you 1 ticket for each $50 wagered per calendar day, up to a maximum of 5 per day, if you wager $250 or more. In other words, if you play all four days and wager $250 daily, you will receive 20 tickets, which is the maximum possible.
Determining Your Share of the Sharepot
The math is rather complicated, but the good news is you don’t have to worry about it. The casino will do all the calculations and let you know, probably as soon as Friday, exactly what your share of the Second Summer Sharepot is and how to claim it.
Basically, your share will amount to the total number of Sharepot tickets you have earned divided by the total number of Sharepot tickets all players combined have earned. This percentage translates into the percentage of the total number of Trop Points in the Sharepot that is yours.
For example, suppose you you earn the maximum of 20 tickets and the total number of tickets earned by all players combined is 2,000, and the total number of Trop Points in the Sharepot is 10,000. Then your share of the Sharepot comes to 1% of 10,000 or 100 Trop Points.
How to Turn Your Trop Points into Bonus Dollars
On Friday, July 28, the casino will determine how many Trop Points each participating player has earned and notify everyone accordingly. Once the points have been credited to your account, which will be within 3 business days, you will be able to convert them into Bonus Dollars. See the rules for converting Trop Points to Bonus Money on the casino website or contact Customer Support if you need assistance.
Any Bonus Money earned in the TropicanaCasino.com Second Summer Sharepot is subject to the same wagering requirements as this casino’s other bonuses. And we’re happy to tell you, if you don’t know already, that meeting these requirements is a piece of cake. Simply wager the bonus 1x on any game, and you’re done. You can even take your time because you have all of 30 days, if you want it. As soon as this minuscule wagering requirement is completed, you are free to withdraw any associated winnings. But now comes the catch. You cannot withdraw the bonus. This casino’s bonuses can only be played once, after which they disappear from your account.
Is the TropicanaCasino.com Second Summer Sharepot Promotion Worthwhile?
If you have participated in one of this casino’s or Virgin’s Sharepot promotions before, you have a good idea what to expect. If this is your first Sharepot experience, I suggest going into it like you would any new adventure. It may or may not live up to your expectations. But either way, you are guaranteed a bonus. It might be just a small one, but giving it your best shot and waiting for the big reveal certainly adds to the fun.
How Much Should You Wager?
Wager what you can afford, and if that means less than the $250/day to qualify for the maximum number of tickets, so be it. Wagers from one day cannot be carried over to the next to count towards another day’s tickets, so you need to be mindful of how much you wager each day.
So is there any advantage at all to wagering more than $250 on one day, assuming you can afford it? The answer is that you won’t earn any extra tickets. The total per day is capped at 5. However, there is an advantage to betting more than $250 per day because it adds more Trop Points to the Sharepot. Your percentage of the total won’t change, but because it will be a percentage of a bigger number, when all is said and done, you wind up with more Trop Points and more Bonus Money!
Obviously, this promotion would be a lot better if the Bonus Money was withdrawable. The fact that it is not withdrawable renders a very small bonus virtually useless. On the other hand, wagering more than you can afford just to qualify for a bigger bonus is not recommended.
The two best features of this promotion are the cap on the number of entries, which helps make the offer accessible to a wide range of players, and the fact getting a risk free bonus is a virtual given. Simply by betting at least $50 on at least one promotional day, you qualify for a piece of the Sharepot, and then, since you only have to bet the bonus once, it comes with no risk whatsoever to your own bankroll. But remember, you are risking your bankroll the whole time you are earning tickets, so that is where you need to be careful.