There are several advantages to playing bingo online rather than playing live. There are very few of these advantages that are appreciated more by players than the bonuses and rewards that are offered by most bingo sites.
Compared to all of the other benefits of online bingo, it’s the bonuses that stand out for the vast majority of players.
This makes sense because bonuses feel like free money. Strictly speaking, they aren’t completely free, as there are usually certain requirements that have to be met for eligibility to them, but it’s close enough for most players.
The simple fact that they can get extra money added into their account just for depositing and playing their favorite games is often what keeps devoted to a site.
If you haven’t played online bingo before, or if you are relatively new to it, then you may not be aware of exactly what bonuses and rewards are all about.
On this page, we explain exactly what they are and how they work. We also look at why sites offer them and also how to find the best bonuses.
How Do Bingo Bonuses Work?
A bingo bonus is basically extra funds added into your online bingo account, typically in return for making a deposit.
There are two main types:
Sign Up Bonuses
The main principle for each of these is largely the same.
The biggest difference is simply that sign up bonuses are offered to new customers and reloads are offered to existing customers.
Other than that they work in pretty much the same way. You make your deposit into your online bingo account, and providing you are eligible, the extra funds will be added straight into your account. You can then use the funds to play games of your choice.
The idea of having extra money just added into your account might seem too good to be true, but it really isn’t since most bingo sites offer these bonuses. It should be noted, however, that they do usually come with certain terms and conditions you have to comply with.
Bonus Terms & Conditions
The reason that bonuses can’t quite be considered as truly free money is because of the terms and conditions that apply. At some sites these terms and conditions are pretty relaxed, but they can be very strict at others.
They outline exactly what you can do with a bonus, and what you have to do before you can make a withdrawal.
For example, at some sites, any bonus funds you are given can be withdrawn as soon as you have spent a certain amount buying game cards. At other sites, the bonus funds are only for buying game cards, and they cannot be withdrawn at any time.
Obviously, the first scenario is more appealing than the second. Bonus funds that you can’t withdraw are far from useless because you might win some prize money from the games they effectively pay for, but those that you can withdraw are much more valuable.
It’s always a good idea to take a few moments to fully read the relevant terms and conditions before making a deposit and accepting a bonus.
While accepting a bonus is usually the right thing to do, you should be aware of any restrictions that apply and what requirements you have to meet before being able to withdraw.
Rewards schemes are a little bit different than bonuses. Rather than being based on deposits you make, rewards are typically based on how much you play. They are usually credited to your account at the end of a week or at the end of a month, and they are essentially a way for a site to say “Thank you for playing with us.”
The exact way in which rewards schemes work will vary from one site to another.
As a general rule, the more you play the more valuable your rewards will be, but it’s not always quite that straightforward.
In the same way that you should read the terms and conditions before accepting a bonus, it’s also advisable to find out exactly how the rewards scheme at your chosen site works. This way you can work out what you need to get the best possible value for your play.
Why Do Sites Offer Bonuses & Rewards?
The answer to this question is really simple. They do it for two reasons:
To attract new customers
To make sure their existing customers keep playing with them
That’s all there is to it.
From a site’s point of view, the theory is that it’s worth giving away some money to encourage new sign-ups, since most players will end up spending more at the site than the site has spent on giving them their bonuses.
It’s a similar theory with rewards too. They figure that it’s worth giving out some money to their regular players, because it will keep them playing more, and the site will make more money than it pays out in rewards.
Both parties benefit really. Although the sites will make money overall, it’s quite possible for any individual player to make more from bonuses and rewards than they spend playing games.
If you meet all of the required terms and conditions of a bonus, and win a few prizes along the way, then there’s no reason why you can’t end up profitable.