Types of bingo bonuses
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The first type of bingo bonus, and likely the most common, is the deposit bonus. This is usually awarded during a player’s first deposit with a site and grants them a specific amount to be awarded based on how much is deposited by the player. How this bonus works varies depending on which site you are using, but it typically comes in the form of a percentage on top of your deposit or through a set amount as long as a minimum deposit requirement is met.
How much is being awarded usually determines how popular this bonus is at each site, which higher percentages and bigger bonus amounts being more well liked than their smaller counterparts. Of course, players should be sure to look through the terms and conditions of the site they are using, as larger bonuses may come with larger playthrough requirements, which we will talk about shortly.
Another form of bingo bonus is the no-deposit bonus which, as the name would suggest, does not require a player to make a deposit in order to enjoy. These aren’t all that common in today’s bingo landscape, but they award bonuses just for a player signing up for a site instead of forcing them to make a deposit first. This is great for players who just want to try a site out before being fully committed to it.
Bonuses in a no-deposit setting typically come in one of two ways. One such way is that a small amount of funds is just put into a player’s account so they can buy into the bingo game of their choosing. The other main no-deposit bonus method is for a player to simply receive tickets that can enter them into either a specific bingo game or into a game of their choosing, which they can then use to enter and attempt to win.
The nice thing about a no-deposit bonus is that it gives a player the perfect opportunity to try a game and a bingo site before they invest in it financially. Making sure that a player likes the presentation of bingo on a given site along with the community elements and other involved features is so important to having fun playing bingo online. And a no-deposit bonus lets players verify that is the case before they are required to put their own money into it.
Finally, another form of the deposit bonus that bingo players often see is the reload bonus. After an initial deposit, which is often rewarded with a bonus on most sites, players have the option to reload their accounts with funds if need be. Many sites offer reload bonuses for those situations, where another bonus is awarded on a player’s second deposit, and potentially on deposits that come after that. Starting each deposit with a little extra cash isn’t a bad thing, and could be worth looking for before getting started at your bingo site of choice.
What are bonus wagering requirements?
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Wagering requirements are exactly what they sound like, in that they are a requirement to wager funds. But understanding exactly what that means and how it can impact each bingo bonus is important, as failure to do so can be the difference between getting the most out of a bingo bonus and failing to be able to cash out funds.
Essentially, a wagering requirement tells a player how often they have to wager their funds in order for those funds to be eligible for withdrawal. Some sites will require just the bonus amount to be wagered a certain number of times, while others will put this requirement on both the bonus amount and the amount originally deposited into the site. Also worth keeping an eye on is whether that wagering needs to be done within a certain period of time.
There is a place that will have this information listed for players, with the terms and conditions section of each site running down wagering requirements and everything else that players need to know about claiming bonuses on a given site. This may require some reading, but players should absolutely read the terms and conditions to find out how they need to go about betting to make sure that they are able to not just enjoy their bonus funds, but to make sure they can withdraw them at the end of these requirements as well.