Since many people have some reluctance to give online bingo a try, bingo sites make themselves attractive by offering ‘welcome bonuses.’ Understanding how these bonuses work is a first step in being able to fully enjoy the benefits of playing online bingo.
Getting Your Bonus
In order to receive a welcome bonus, players must first register with an online bingo site and make an initial deposit of funds. At most sites, as soon as the initial deposit is made, the player receives an instant bonus that is automatically credited to their account. The amount of the bonus varies by site, but in most cases it is proportional to the deposit made. It may be 100% or even 200% of the initial deposit, meaning that players can instantly double or even treble the amount of money they have on account with the bingo site. There is usually a limit associated with the bonus, however. At many sites, the bonus limit is £100.
Using Your Bonus
One important thing to understand about the bonus is that the site will not allow you to cash it out. The bonus is there to enable you to play more rounds of bingo. This only makes sense. If bingo sites gave away large bonuses and allowed people to withdraw them, the site would lose money and quickly go out of business.
Players are free to buy bingo cards with their welcome bonus, and if they win money playing bingo, that money can eventually be cashed out of the site. This allows players to buy cards that are free of cost to them, since they are paying with the bonus money instead of their own funds.
Players should also be aware that they may need to meet wagering limits before they are allowed to withdraw funds. In most cases, the wagering requirement is three times the amount of the bonus money plus the amount of your initial deposit.
Keep in mind that players are never required to lose money; they are merely required to risk it by buying bingo cards so they can play. They may very well win with those cards, even as they contribute toward the wagering requirement.