In a previous article, we discussed how you should browse the licensing requirements for bingos in your state and determine a hard notion of exactly how many bingo players is going to be attendance. Now let's look at building your bingo event's bingo program and determining your bingo prize payouts. Bingo
Bingo games may differ on structure and prize payout depending on location, crowd size, and above all, the chairperson. Even within the same city, different bingo games may differ tremendously.
Building Your Bingo Program
A typical bingo game structure includes some early games ("Early Bird"), the main body of games ("Regular Games"), and various jackpot or special games throughout.
Early bird games
The early bird games usually are a handful of games (3-5) played before the standard games begin. Often, faster paced than regular games, they are played on separate bingo game books from the standard game books. Payouts usually are modest and roughly exactly like standard (non-jackpot) games in the standard game books. It's not essential that you include early bird games in your bingo program. Bingo.com
Regular & special (jackpot) games
The regular & special games begin after the first bird games have finished or in the beginning of one's bingo program (if you have no early bird games). Played on multiple sheet game books, they are the main event of the bingo program, and usually consist of 6-10 games played on 6 or 9 face (faces are individual bingo plays) sheets. The regular game books include bingos of varying payouts, including numerous special (jackpot or higher paying) games.
Note: Some bingos take away the special (or jackpot) games from their regular game bingo books and play them on separate special (or jackpot) bingo books.
Now let's look at determining your bingo prize payouts.
Determining Your Bingo Prize Payouts
For nonprofit groups that have your bingo prizes donated, determining your prize payouts may be easy. You just take the prizes donated, divide them up in smaller value items for most regular games and bigger value items for the special or jackpot games. However, if you're awarding cash prizes based on your bingo players'attendance and spending levels, you'll need to ensure that you're budgeting appropriately.
As an example, if you plan on 100 bingo players attending your bingo event, simply how much do you expect each player to spend on bingo books? Perhaps, you're limiting sales to 1 bingo book per player and charging $10.00 per book. This implies you can expect $1,000.00 in revenue to cover prizes with.
So, in the above mentioned example, when you yourself have a bingo program with 10 regular games and 3 of these are specials (jackpots), you don't want to cover out $100 and $300 for the jackpots (for a complete of $1,600.00). Instead, maybe you award say $40 for the standard games and $150 for the specials (for a complete of $730).
Your bingo prize payouts should be considered a delicate balance involving the revenue you hope to obtain and prize payouts that may keep your bingo players happy. An excellent principle is to attempt to have bingo prizes totaling 75% of bingo revenue.