How is the prize money determined?
All Betfred Bingo’s prizes and Jackpots are paid in 100% cash – not bonus money or a mix of bonus and cash like many other Bingo games. Each game’s prize is based on the number of cards in play during that game. A percentage of the “pot” goes toward the prize for that game and also towards one or more progressive Jackpots. So, the more roomies playing, the greater the prize. Jackpots are progressive, except during certain special game nights where they will be at a set amount. Some special games have non-cash prizes such as holidays, DVD players or digital cameras in addition to the cash prize.
The game prize takes into account how many cards were sold for the game and whether there was a guaranteed prize for that game or not. We allocate a share of the card sales to the current game prize and a further share to various jackpots. The more folks that play and the more cards that are sold, the bigger the prize will be! In addition, PartyBingo.com also guarantees that prize amounts will be above a certain level at certain times, for certain games, or during promotional periods. Some rooms such as Bingo Royale can carry a fixed prize pool.
Every game prize is determined by a complex formula which involves a percentage of the dollar value of cards purchased for the previous game and a percentage of the dollar value of cards purchased for the current game. TOP game prizes are determined by the latter formula plus a percentage of the dollar value of cards purchased during the preceding week or day – depending on the TOP game. Progressive Jackpots are determined by the dollar value of all previous card sales and build until the specific call per pattern is achieved. Basically we give away up to 80% of all card sales as CASH prizes every day!! The more folks playing and the more cards purchased, the bigger the prizes!
All totesport Bingo’s prizes and jackpots are paid in 100% cash – not bonus money or a mix of bonus and cash like so many other bingo games. Each game’s prize is based on the number of cards in play during that game. A percentage of the “pot” goes toward the prize for that game and also towards one or more progressive jackpots. So, the more roomies playing, the greater the prize. Jackpots are progressive, except during certain special game nights where they will be at a set amount. Some special games have physical prizes like holidays, DVD players or digital cameras as well as the cash prize.
