Deposit Bonus Offers for Bingo
Deposit bonuses serve as incentives for making a deposit to a bingo site. The deposit bonus is stated as a percentage of the amount deposited and most often has a ceiling. For example, a deposit bonus offer of 200% to £300 bonus (such as the bonus offered by Foxy Bingo) pays the depositing player 200% on their money deposited up to a maximum of £300. Thus, a player making a deposit of £100 under this example would have deposited £100 and received £200 in bonus money from the deposit bonus, thus having a total of £300 to play with.
It is important to note that most bingo sites do not permit players to cash out their deposit bonus money. This means that the bonus money is merely a “store credit” and the bonus credits can be spent playing bingo games, but remains unredeemable for cash. Additionally, the credits will disappear if players cash out before satisfying the play through requirements associated with the bonus money. There are, however, rare bingo sites that award bonus money, which may be redeemed for cash.
Main Types of deposit bonus offers in online bingo
First time deposit bonus – The first time bonus is a bingo bonus that is awarded to players making their very first deposit. Because players are not able to create multiple player accounts, the first time bonus is a one-time offer and is typically the most lucrative bonus offer given by a bingo site, as their hope is that once the player has deposited, they will become regular and loyal players. First time depositor’s bonuses are also frequently referred to as new player bonuses, welcome bonuses, a first time bonus, a match bonus or matching bonus, and simply a bonus upon first deposit and because it is exclusively catering to the players who are depositing for the first time, this is a onetime only Bingo Bonus.
Reload Bonus – The reload bonus rewards bingo players for making additional deposits beyond their initial or first time deposit. The reload bonus is traditionally smaller in size than the first time bonus. Reload bonuses are also known as redeposit bonuses, a top-off bonus, a bonus for reloading, and a cash match bonus on “all other deposits.”
In summary, bingo bonuses are given to players an incentive to reward the Bingo player for choosing their Bingo room. The free bonus offer given on signup is an eye catcher. It is essentially saying “Hey Ladies 888 Bingo has a freebie bonus for you on signup. Come get it! This way you can get familiar with 888 Ladies, play some bingo there, and possibly win some money using your bonus funds.
Bingo bonuses have gotten fairly big in size because the online Bingo rooms are competing with each other and they all want the new Bingo players to play at their room. The size of the bonus is not everything when looking at signing up for a Bingo room, which is why all of the Bingo rooms listed on our site are also really great rooms in general.
The no deposit bingo bonus gives players some free bingo money to play with. Usually the no deposit bonuses are unlocked without having to enter any credit card details, meaning you can try out many of the new bingo sites without having to play with your own cash.
Finally, whether a leisurely free bingo player or a dedicated real money player, it is most important to have fun whilst playing bingo online. Be certain to enjoy yourself – take in some chat, chase the bonuses, and only play at trusted, licensed bingo sites.
