Bingo Bonuses Explained: Making the Most of Financial Incentives
July 27, 2015
Last Updated on
While there are a number of subtle nuances between online and traditional bingo, the financial incentives available to virtual players is arguably the most prominent. Online bingo players can benefit from huge fiscal incentives, whether these are in the form of no-deposit bonuses, deposit match packages or free gameplay promotions. In contrast, players at bricks and mortar locations are often forced to pay up-front in order to compete for potential prizes.
So how exactly do these bonus options work? Firstly, it is important to consider the multiple types of bonus option that exist in the virtual market, before understanding them on their individual merits and their unique benefits. Here are three of the most common options:
The No deposit Bonus Option
Occasionally, new players will be rewarded for registering with a specific site with a ‘no deposit bonus’, which enables them to establish an account without the need to deposit funds. Players are then awarded a fixed (and usually small) amount of capital for free, so that that they can enjoy instant plays across their favourite bingo games. You will be required to register you credit or debit card details, however, while most brands prevent you from withdrawing any winnings that you generate from this money until you have deposited additional funds into the account.
The First Deposit Bonus
This is arguably the most common type of bingo and casino bonus, and it essentially pledges to match or supersede a player’s deposit up to a certain amount. The typical first deposit bonus is 100%, meaning that the operator while match your initial deposit as long as it is between the fixed minimum and maximum amounts. Some brands will offer first deposit matches of 200% and 400%, although these instances are extremely rare and usually available for a limited time only. Regular players may also be rewarded for their loyalty with second and third deposit matches, while this bonus can be introduced at any time according to the brand’s discretion.
The Reload Bonus
It is always tempting for brands in any market to aggressively pursue new custom, as this increases turnover and long-term earning potential. This is why most bingo and casino brands offer reload bonuses, which are usually offered on any consecutive deposit that follows the initial one. It is generally offered at a lower percentage than the first bonus, but it is designed to reward regular and consistent gameplay. This bonus tends to be overlooked by players, but those of you who player on a regular basis should look out for this if you want to optimise your playing capital.