https://prizecover.casinobonus.plus/The promise somebody else carries - who pays when a promoted prize is won: the peril, the retention, the premium built from an expected loss, the per-event and aggregate limits, the claim as two clocks ten days apart, the guaranteed prize that is funded inside the product instead, and the twelve policy fields none of which appears in the promotion the reader can see.https://prizecover.casinobonus.plus/A headline prize is a contingent liability before it is a winner. The peril, the retention, a premium built from 1,000,000 at 0.351%, the per-event and aggregate limits, and a claim that settles on day 11 while the winner is paid on day 1.https://prizecover.casinobonus.plus/the-promiseA promoted prize is a contractual term with a named beneficiary and a definition of the peril. What makes it payable, who decides it happened, and why the insurer behind it is not the reader’s counterparty.https://prizecover.casinobonus.plus/keep-or-transferA retention is the largest prize a promoter funds itself. With 420,000.00 of monthly gross win on the promoted market and a 10% rule the line sits at 42,000.00, so a 1,000,000.00 prize is 23.8 times what the promoter keeps.https://prizecover.casinobonus.plus/what-the-cover-doesA cover schedule names the peril, the sum insured, the per-event and aggregate limits, the retention, the notification window and the evidence. All twelve fields are invisible to the reader - 0 of 12 appear in the promotion.https://prizecover.casinobonus.plus/the-priceA premium is an expected loss plus a load. At 1,000,000.00 and a 0.351% peril the expected loss is 3,510.00, the load is 1,404.00 and the premium is 4,914.00 - 0.0393 for each of 125,000 qualifying accounts.https://prizecover.casinobonus.plus/the-portfolioAn insurer writing 40 promotions a year collects 450,800.00 against 48,000,000.00 of sum insured. One 1,000,000.00 event wipes out 6.8 years of expected profit, which is why the same trick is used twice: a limit per event, and reinsurance above it.https://prizecover.casinobonus.plus/the-claimA prize claim and an insurance claim are different clocks. The winner is paid on day 1 under the promotion; the insurer settles on day 11 after a nine-document evidence pack and six working days of verification. The gap is ten days.https://prizecover.casinobonus.plus/who-carries-itSix roles stand behind one headline prize. Only the promoter owes the reader anything; the other five exist on the promoter’s side of the promise and are named nowhere in the offer.https://prizecover.casinobonus.plus/when-it-goes-wrongOf 40 sample promotions, 34 were paid without dispute, 3 settled after a dispute, 2 claims were declined and 1 expired unused. In both declinatures the winner was still paid, because the insurance was the promoter’s.https://prizecover.casinobonus.plus/the-guaranteed-prizeA guaranteed prize is not insured - it is funded from a slice of the stakes that create it. At 1.0% of 52,000,000.00 of monthly stakes the meter takes 520,000.00 and pays 500,000.00, leaving 240,000.00 of growth over a year.https://prizecover.casinobonus.plus/the-small-printA promotion has to publish five things - promoter, period, act, prize and claim route. The cover behind it has twelve fields of its own, and 0 of the 12 appear anywhere in the offer.https://prizecover.casinobonus.plus/read-the-promotionEight checks on a published offer: the promoter, the prize’s form, the act, who decides it happened, the window, the route to claim, the variation clause and what happens if the promoter stops trading.https://prizecover.casinobonus.plus/the-numbersOne page with the whole desk’s arithmetic: 1,000,000.00 at 0.351%, a 3,510.00 expected loss, a 4,914.00 premium, a 42,000.00 retention, 450,800.00 of premium across 48,000,000 of promises, and 6,240,000.00 of funding against 6,000,000.00 paid.https://prizecover.casinobonus.plus/mythsSix common beliefs about promoted prizes: that insurance is why a prize is refused, that a guaranteed jackpot is insured, that the insurer decides who won, that bigger prizes are always insured, that the premium comes out of the reader’s money, and that cover means the prize is safe.https://prizecover.casinobonus.plus/faqTen questions about promoted prizes: who owes the money, what the peril is, how a premium is built, what a retention does, whether the insurer can refuse, what a guaranteed prize is funded from and what a promoter that stops trading leaves behind.https://prizecover.casinobonus.plus/aboutThe Cover Slip is desk 62 of an independent explanatory series. It defines four invented samples, derives every figure from them, quotes no company, rates no operator and recommends none.https://prizecover.casinobonus.plus/legalWhat The Cover Slip is, what it is not, the single sponsored link that funds it, the age restriction, and the risks that come with gambling - including the risk that no promotion is worth taking.