Short answer
Choose a drinks package if you want a fixed budget and no surprises, especially for a large guest list. Pay by consumption if you have a smaller group or guests who drink lightly, but be ready for an unpredictable final bill.
A drinks package gives you certainty. You know the cost per person or per hour, and you can plan your budget without worrying about how much your guests drink. It also speeds up service, because the bar staff know exactly what to pour, and it avoids awkward moments when guests have to pay for their own drinks. Packages are often the best choice for a wedding breakfast with wine, or for a reception where you want everyone to feel welcomed.
Paying by consumption means you are billed for what is actually poured. This can work well if you have a small guest list, a short reception, or many guests who do not drink alcohol. But the risk is that the final bill can be much higher than you expected, especially if guests are thirsty or the toasts go on longer than planned. You also need to trust the venue to keep accurate records, and you may need to set a limit with the bar.
A middle option is a hybrid: a package for the first hour or two, then a bar tab or pay-as-you-go for the rest. Talk to your venue about what they offer and ask for a rough estimate based on your guest count. Your decision should reflect your budget, your guests' habits and how much control you want on the day.
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