New players that sign up at online bingo sites are presented with a dizzying array of bonuses and promotions. Promotions are especially prominent during the Christmas holiday season. Most online bingo operators save their best promotions for the holiday season and prizes and jackpots are bigger than at other times of the year. When signing up players are usually offered a bonus or free bingo. A first deposit bonus is known as a ‘welcome bonus’ in the industry and is usually the most generous bingo bonus received by players. Here are the most common types of bonuses and the pros and cons of each.
Welcome bonuses are also known as sign up bonuses. Some bingo sites give players a fixed amount of money while other award bonuses based on the size of the first deposit. Most welcome bonuses are percentage based. For example if a player signs up at a site with a 200% bonus and deposits $100 they will have $300 credited to their account. Welcome bonuses cannot be withdrawn as cash for obvious reasons. The amount of lump sum welcome bonuses is usually pretty small and players should look for bonuses based on deposit percentages. At most bingo sites there are strict terms and conditions associated with bonuses. Wagering requirements can be a stumbling block. At some less than reputable bingo sites the wagering requirements are so stringent that they make any bonus worthless.
At most bingo sites players are awarded a bonus for every deposit they make. Regular deposit bonuses are usually less than welcome bonuses. Bonuses help to make online bingo even more affordable. Once again the downside to deposit bonuses is the strict terms and conditions and wagering requirements. For example players at one popular UK bingo site must wager 2 times their deposit and bonus amount before any bonus money may be withdrawn. For example if a player deposited $20 and received a $40 bonus they would have to spend $120 before any bonuses may be withdrawn.
Many sites award additional bonuses in the form of cash back offers, loyalty schemes and VIP bonuses. Some sites give bonuses to those that introduce additional players to the site. These are usually known as ‘refer a friend’ bonuses. Bingo bonuses enable players to participate in more games and purchase higher priced cards for tournaments and special games. The online bingo industry got the idea of awarding bonuses from online poker sites and casinos. They have been used mainly for player acquisition. Today many bingo sites have realized the importance of player retention and are giving away larger bonuses along with more cash back offers. For players things are getting better all the time!