Finding the Right Bingo Bonus

Competition in the online bingo industry is heating up and online bingo halls are competing for your business by offering cash bonuses just for you trying out their site instead of their competitors’ sites. Some of these cash bonuses require a deposit, others are completely free. In either case, the bonus represents a great value.

Finding the right bingo bonus seems like a monumental task because there are so many bingo sites out there competing for your business. To make it easier on yourself, you can narrow down the list by checking out one of our top recommended online bingo sites. But before you do that, here’s a quick breakdown of the two most common types of bonuses you’ll encounter in the online bingo world.

Free No Deposit Bonuses

“No deposit” bonuses mean that you can get cash just for signing up at a bingo site. You don’t even need to make a deposit or supply them with your banking information. The one catch is that (usually) you cannot withdraw your free bonus. It’s only for you to try out the site without risking your own money.

The good news is that you are allowed to withdraw any money you win with the no deposit bingo bonus. So even if you can’t withdraw the $10 or $20 free they give you, you can possibly withdraw more than that if you have a winning day.

If you’re brand-spanking-new to the online bingo world, you should probably start out with a no deposit bonus. It gives you a chance to test the waters without committing. On top of that, it says something about a site that’s confident enough with its product that it’s willing to put up the money to let prospective players try it out for free.

Bingo Deposit Bonuses

Regular bingo deposit bonuses are matched on a percentage basis with your first real money deposit at a bingo site. So, for example, if the site you deposit at is offering a 100% bonus on your first deposit, they would basically double your first deposit.

Let’s say you find a site that’s offering a 100% deposit bonus for up to $200 extra. You decide to take full advantage of the bonus and deposit $200. The bingo site would then add $200 on top of that. In the end, you would have deposited $200 but have $400 with which to play.

Always Read the Fine Print

No matter which bingo site you play at, there will always be fine print associated with the bonus money. At most bingo sites, you’re not allowed to cash out the bonus money itself. You can use it to play all the bingo you want and you’re free to withdraw any winnings you earn while wagering the money.

The reason bingo sites don’t allow the bonus money to be cashed out is simple economics. If bingo sites allowed players to deposit and then cash out a big bonus, people would be signing up all the time, getting their bonus money and then disappearing. Every bingo site would be broke in a month.

Another important thing to remember is that each bonus can only be earned one time. This means that once you sign up at a bingo site and make your first deposit, you will not be able to receive that bonus again. If you plan on playing bingo for a while, you might as well make the first deposit a big one so you can take full advantage of the bonus.

If, on the other hand, you only want to give online bingo a try, you should check out the no-deposit bonuses. Those are perfect for new players who think the idea sounds fun but aren’t yet sure about playing online for real money.