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What is a guaranteed minimum prize pot?

guaranteed minimum pot prize
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What is a guaranteed minimum prize pot?

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If a sweepstake has a guaranteed minimum prize pot, then if the number of entrants * price of entry * 90% is LESS than the Guaranteed Minimum, then BeatBarry.com will put in the difference into the prize pot. This means the guaranteed minimum prize pot will be paid out. Of course, if the number of entrants * price of entry * 90% is MORE than the Guaranteed Minimum, then the prize pot (ie the higher figure) will be paid out.

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