Online bingo has created an entire new set of circumstances for both players and operators, they have also been responsible for the myth, or should I say the legend of the online bingo bonus. There are two schools of thought when it comes to the actual value of the bonuses offered. Let’s’ take a look at these.
The first school of thought is, “YAY! A new site and they are offering a 400% welcome bonus if I become a member, got to get there now and sign up so I can turn my tenner into £40 right away”. Believe me, this definitely has its merits, particularly if the new member is a bit cash strapped. However, one of the major contributing factors which keeps all online bingo sites and players above board is “fairness”.
Fairness does not only apply to the new member, remember all is fair in love and war; it also applies to the site. Here is the scenario, you come on board and you deposit £10 in real money, the site gives you £40 is in virtual play money and you make a killing by winning, £5 000! Good for you, but how is a site going to operate at a profit and stay open if this happens all the time?
It doesn’t happen all the time; the odds dictate this together with random number generators. But in all fairness they have offered you the opportunity to win this money now you need to play your role in the relationship and “fairness” on your part counts too. You need to meet wagering requirements (with real cash money) before you can withdraw your winnings, Imagine if you had deposited £100?
The second school of though is “YAY! A new site and they are offering me £10 for my £10, up to a maximum of £25, let’s sign up”. This is a much better deal; the site has limited the amount of the online bingo bonus, to help the player get their winnings out sooner. The bottom line is always read terms and conditions, in particular the “wagering requirements for withdrawal” clause, at any internet bingo site you are considering for your membership, this helps to avoid disappointment.
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