▣The Cover Slip Open the partner account
paid
Affiliate disclosure. The partner link in the masthead and in the bands beside the copy on this page is a sponsored link to a partner operator, and this site may be paid if you open an account through it, at no extra cost to you. It carries rel="sponsored noopener" and opens in a new tab. That matters on this desk in particular: the subject is who carries the promise behind a promoted prize and what the transfer costs, and this site’s own revenue depends on a reader opening an account. No operator, insurer or promotion is named, rated or recommended anywhere on this site.
The Cover Slip / About
The project and its method

About this project

The Cover Slip is the sixty-second desk in a series that explains one mechanism of the gambling industry at a time. This one explains the risk transfer behind a promoted prize, and it is written to be checked rather than trusted.

Open the partner accountRead a promotion first
Slip stub
Desk
62 of the series, published 29 September 2026
Concept
32 of the content plan - the risk behind a promoted prize
Design
41st distinct series treatment
Samples
four invented: a promotion, a golf day, a book, a meter
Rated or recommended
nothing and nobody
the perilOne stated act that must happen for the prize to be owed - and the estimate of how often it has
the retentionThe largest prize the promoter funds from the promoted product’s own margin, before any cover responds
the coverA schedule of twelve fields that indemnifies the promoter, and is never a reader’s protection
Desk The Cover Slip, cycle 62 of the series · Concept the contingent liability behind a promoted prize · Method four invented samples, every figure derived from them · Independence no operator rated, no operator recommended, no company quoted
Direct answer This desk explains who carries the risk behind a promoted prize and what moving that risk costs. It defines four invented samples - one promotion, one golf day, one insurer’s book and one funded meter - and derives every figure on the site from them. It quotes no company and recommends no operator.

How this desk was built

  1. One sample promotion was defined first: 1,000,000.00 if a named team completes a league season unbeaten.
  2. The peril estimate was set against a stated reference set: the act occurred in 2 of 570 completed seasons, which is 0.351%.
  3. The premium was derived from it rather than quoted: an expected loss of 3,510.00 plus a 40.0% load, which is 4,914.00.
  4. Three more samples were added to test the same idea at different scales - a 25,000.00 golf prize, a book of 40 promotions and a meter funded at 1.0% of stakes.
  5. The retention line, the two clocks, the twelve policy fields and the eight reader checks were each written against those samples so that any number on the site can be re-derived from the four.
01

What the desk does not do

It does not rate, rank or recommend any operator, insurer, broker or promotion. It does not tell a reader how to win anything, and it has no view on whether any real promotion is worth entering. It describes the machinery, and the machinery is the same whoever is using it.

02

Why the samples are invented

Real promotional cover terms are private almost by definition: a schedule is a contract between two businesses, and the insurer has no reason to publish it. Rather than describe a real arrangement approximately, the desk describes an invented one exactly, so that every figure can be traced to a line of arithmetic.

03

One disclosure, on every page

The site is funded by one sponsored partner link, disclosed in the band beneath the header of every page and marked as sponsored in its markup. The disclosure sits above the first paragraph rather than in a footer, because a reader of this desk should know how it is paid before reading a word of it.

Where the numbers on this desk come fromsample promotion 1,000,000.00 prize, 0.351% peril, 125,000 qualifying accounts derived expected loss 3,510.00; premium 4,914.00; 0.0393 per account derived retention 42,000.00; prize at 23.8 times retention sample golf day 1,400 shots, 1 in 12,500, 25,000.00 prize derived expected occurrences 0.112; expected loss 2,800.00; premium 3,780.00 sample book 40 promotions, 48,000,000 sum insured derived expected loss 322,000; premium 450,800; 1 in 106.4 sample meter 1.0% of 52,000,000 of monthly stakes derived 520,000.00 funded a month; 6,240,000.00 a year; 4.0% growth figures quoted from any real company: 0
Nothing here is advice about a live promotion. The desk describes how the mechanism works in general terms. A reader with a dispute about a specific prize is in a different situation, with documents this site has never seen.
desk 62concept 32design 410 companies quoted
The numbers

The four samples in one place

Legal and risk warning

The full statement of what this site is and is not