Playing Bingo is so familiar to most of us that just the thought of supposedly need to “learn” how to play Bingo seems kind of silly. What 6 year old can’t sing the bingo song and find matching numbers with their corresponding letters? It’s so simple there is no need to go into the details, right? Well, that might have been true when we were all kids and in Mrs. Flagstone’s 3rd grade class, but now there is a lot more to be discussed and clarified.
What makes this crowd-favorite and straightforward game so much more complicated then it was back in those simple elementary school days? Money. And were not talking about Tootsie Rolls or fun-sized Snickers, we’re talking about Bingo for money. Cold hard cash. Like with all things in life, money has a tendency to complicate things. In fact, I’m pretty sure Einstein proved this principle with his ground breaking theory L ± M = C
…Ok, maybe I’m thinking of a different one…
But, the results are still the same, the addition of real money can make even the simple child-hood game of Bingo a more complex undertaking.
People have been playing with real money in Bingo Halls for ages, and though the sophistication of the game does increase a bit from Mrs. Flagstone’s class, it still remained a fun and easy to play game at heart. It really wasn’t until technology progressed to the point where players could use their computers and laptops to play Bingo online for money did things get complicated enough that we would need to even write something like this to help along new players with how it all works in the online Bingo world.
First things first- when you decide to start playing bingo online for money, you need to do research and discover which site has the best fit for you. Security and Trustworthiness are a given and never to be compromised on – but you should also give a lot of consideration toward the type of environment you’d like to play in. As I am sure that most of you know, Bingo has always been and still is a very social game. There was certainly hesitation within the Bingo community that the new online format would be a detriment to its ability to foster a thriving community. Surprisingly, Online Bingo was able to utilize much of the same principles and techniques that play a huge part in the current social networking revolution that has been taking place. The online bingo sites were able to use the internet as an asset to bring together Bingo players from across the globe and provide them an environment where they can connect and play in a way that would not be possible in a old fashion town bingo hall format. This is why it is important when deciding upon which Online Bingo website to play at that you get a feel for the community to see if it would be a nice place for you to spend your time, let alone your money.
Now that we are on the topic of money- Let’s discuss the allure of “free money” or for those of you familiar with playing at online casinos – bonus money. Bonus’ can often seem to good to be true. And they are if you go into them blindly and do not do the proper research in order to under the terms and conditions surrounding Bonus Money at the specific online casino or online Bingo site you are playing at. Each site will have a their own variation on the rules and stipulations players will have to uphold in order to withdrawal money from their online casino or big account and keep their account in good standing.
For example, for many online bingo sites there is a deposit requirement that is needed in order to ensure that you will be allowed to make a withdrawal. Or there may be a minimum withdrawal requirement.
Most sites do require some level of “play through”. For example, when you make a deposit of $20 and the online bingo site then gives you as 100% bonus that comes along with a 20x play though you will need to wager at least $400 in order to qualify for a withdrawal. The bonus requirements can vary between online bingo sites, so it is extremely important to review the rules thoroughly in order to be sure that you do not mistakenly try to make a withdrawal before you are allowed. If this occurs many online casinos will determine that you were trying to commit bonus fraud and close your account, thereby forfeiting your current winnings.
When you do win a large amount of money playing online bingo and would like to withdrawal that amount, keep in mind that a lot of sites do require that there be a maximum amount that you withdrawal per day and a certain number of times that you are allowed to withdrawal within a given time period. Also some sites stipulate that you must have at least 50% more deposited cash left in your account that the total amount of bonus money you have accumulated. That means if you won a nice jackpot and now have $2000 in winnings in your account and $50 deposited in cash and $40 in bonus money, you would need to only withdrawal $1970 of your winning in order to maintain that required balance.
Other considerations to keep in mind when playing bingo online for money is that one should always have a realistic grasp of how much money you are comfortable losing in any given time. If you know that you have $500 dollars within your monthly budget to spend on recreational type things – then be sure to stick to that limit and do not allow yourself to be sway into thinking you have more “money” just because there is bonus money in your account. Bonus money can be a great thing to just provide you some fun free play to spend with you friends playing online bingo when you have already played through your $500 for the month and just want to hangout and play some online bingo cards with now pressure of need to deposit more of your own money.