Category Archives: Prize Insurance

Prize insurance gives marketers the ability to offer spectacular, attention-grabbing prizes that can be used to amplify engagement, create foot-traffic, motivate consumer behavior, generate sales, boost donations and increase publicity for a flat fee.

Basketball Shootout Nets Visionary Homes Visibility 

Salt Lake City, Utah  – Last basketball season, Visionary Homes, the Official Homebuilder of the Utah Jazz, gave a lucky fan the chance to win a house, paid for by Odds On Promotions, in a Basketball Series Shootout.   

Selected at random during a game between the Clippers and the Jazz, Mike Johnson, sporting a fashionable pair of cowboy boots, was all smiles as he prepared for his shot at the prize, which was valued at $450,000. 

Johnson had the crowd crowd cheering him on after he successfully made the layup, the free throw, and the three-pointer.  Unfortunately, he ran out of time before completing the half-court shot.  But he took it in stride.    While Johnson didn’t net himself a new home, junior high school student J.J. Franks won $10,000 last Fall, courtesy of Northern Bottling and paid for by Odds On, when he successfully completed a Series Shootout at half-time during a high school  basketball game. Watch him win.  

Furniture Store Awards $50,000 in Free Furniture

Bedr Mattress customers with their rebate checks.

Marysville, Tenn. — Talk about a winning way to end the football season, Bed’r Mattress rebated $50,000 in purchases to qualified shoppers after the University of Tennessee beat Clemson at the Orange Bowl.

To generate publicity, drive traffic, and increase sales – from August 31 to mid-September of 2022, Bed’r Mattress gave customers the chance to get a 100% rebate on all purchases made during the promotional period if the Tennessee Volunteers won 11 or more games during the ’22 football season.

On December 30, the Volunteers hit the “winning” number when they beat Clemson during the Orange Bowl, which meant every lucky customer that made a qualifying purchase, received a 100% rebate, paid for by Odds On Promotions.

While Bed’r Mattress opted for a rebate based on 11 or more winning games, Odds On can help you create similar offers if your team wins their league or division, beats a rival by X points, or even just for having a “winning” season.

Are you looking for ways to generate a buzz and capture more customers? No matter what sport your market enjoys, Odds On Promotions can help you craft an engaging promotion that will help you increase awareness, maximize your advertising investment, and boost both traffic and sales. Want to learn more about running a sports-based conditional rebate? Give us a call today at 888-827-2249.

Casino Player Lands $20K Finishing Bonus; Odds On Pays

Osceola, Iowa – Congratulations to Joyce W. who scored a $20,000 Finishing Bonus during the Lakeside Casino’s “$120,000 Harvest of Gold” Slot Tournament. Joyce won the bonus prize, paid for by Odds On, after she placed in the top five during both rounds of the slot tournament.

While Lakeside Casino awarded thousands of dollars in free play for players who finished in the top twenty positions during each of the two rounds held during the November slot tournament, the casino worked with Odds On Promotions to get maximum value from their marketing and promotions budget by offering every participating player the chance to win $100,000 for scoring in the top three and $20,000 for finishing in the top five of both rounds of tournament play.

According to Chris Gardiner, Odds On’s Eastern U.S. Business Development Representative, “Incorporating a Finishing Bonus can be a very effective way to maximize your marketing budget during a challenging time of year. You can turn a $5,000 event into $50,000 or $500,000 event – without having to increase your prize pool liability.”
Are you interesting learning more about how Odds On Promotions can help you turn your so-so slot tournament into a “So Spectacular You Can’t Miss It” special event? Call us at 888-827-2249.

Performance Bonus Promotion Pays Off

Reno, Nev. – This season a tennis apparel company has rewarded one of their brand ambassadors an impressive performance bonus promotion reward not only once, but twice, after he landed in the finals of two ATP events.
performance bonus promotion winner

The performance bonus agreement rewards the tennis player cash incentives based upon their placement during a variety of tennis events taking place through December 2021.

To date, the player has received one bonus payout after reaching the finals of the Newport ATP 250 in July, followed by a second payout after reaching the finals of the Citi Open, a prestigious ATP 500 event.

But thanks to performance bonus coverage from Odds On, the sportswear company doesn’t need to worry if their ambassador continues to finish well – because Odds On will be there to reimburse them for every qualifying performance between now and the end of the year.

According to Odds On’s Risk Manager, Zak Woodhead, “Performance bonus coverage is a very effective tool for brand marketers, allowing them to offer big incentives to spokespeople, social media influencers and/or brand ambassadors without incurring additional financial risk. It also presents an opportunity for insurance agents to expand their lines of business.”

Are you interested in learning more about how you can utilize a performance bonus promotion to incent and reward your athletes, staff, sales team, customers, or volunteers? Odds On Promotions can help. Email or give us a call today at 888-827-2249.

Angler Wins $50K Bass Boat in Tagged Fish Contest

Dadeville, Ala. – Imagine winning $1,000,000 – or a brand-new bass boat – just for doing a little fishing. Just a few short weeks ago, Rufus “Bubba” McNeill won a $50K Skeeter Bass boat, paid for by Odds On Promotions, after he caught a tagged fish during the OGS “Crank for Bank” fishing tournament.

tagged fish contest winner
Watch the news interview on Bubba’s big catch!

For the second year in a row, OGS Fishing Tournaments gave anglers the chance to win over $1,000,000 in cash and prizes in an innovative 13-week “virtual” tagged fish contest called Crank 4 Bank.

From April 1st until July 4th, anglers could purchase a $100 entry, register on the Fishing Chaos app, and submit photos of the fish they caught on Lake Martin for a chance to win cash and prizes. In addition to winning prizes based on the size of their catch, if an angler caught a tagged fish, they were eligible to win additional prizes if their tag matched one of preselected “lucky” tags.

“It’s our second year doing the event,” explains Vivian Autry, co-owner of OGS. “We tagged 200 fish and if you were registered you got the chance to win a million dollars, a bass boat, a Chevy pickup truck, or $1,500. We’re going to do this next year. But I think we’re going to up the ante a little bit and maybe there might be a $2 million fish floating out there in the water.”

Want to make your next tournament, fundraiser, sales promotions, or special event a million-dollar attention-grabber? Want to run a tagged fish contest of your own? Odds On can help. We have hundreds of creative ways to help you capture headlines, drive traffic and increase sales. Email or give us a call today at 888-827-2249.