First Deposit Bingo Bonus
Bingo is one of the most popular games among online gaming fans across the world. It is especially popular in the UK, which is also the base for a number of bingo sites. Many of these sites offer players attractive bonuses on their first deposit. This bonus can be called the first deposit bingo bonus, welcome bonus, new player bonus or sign up bonus. When a new player opens an account on a site offering the first deposit bonus, a particular percentage of his/her first deposit amount is often offered as a bonus.
For instance, if a bingo site offers a bonus of 200%, up to $200 (all sites have a ceiling for the bonus amount) on the first deposit, it means that a new player making a deposit of $100, will get $200 as bonus i.e. the total balance in his/her account will be $300. As the ceiling for the bonus amount is $200, even if a player makes a first deposit of $200, he will get first deposit bonus only up to $200, not more than that. A few sites offer some additional bonus for bigger deposits, although it may not be as much as 200%.
Why Do Bingo Sites Offer First Deposit Bonus?
First deposit bingo bonus is one of the most effective tools for online gaming sites to attract new players. The sites often compete with each other to offer bigger and better bonuses to draw more players. Regardless of the reasons, players are always at an advantage. They get some free money to play with and fierce competition among bingo sites ensures that the bonus amount is substantial.
Although very attractive, most of these bonuses are not easy to cash. Many such bonuses have wagering requirements, similar to those in live casinos. You may be required to play a minimum number of games in order to qualify for payout. This is essential to protect the interest of these gaming sites. For instance, players may deposit an amount of $100 and take out $300 (first deposit bonus 200%), if instant cash out is allowed. Although the bonuses themselves are not immediately cashable, most sites allow you to cash the wins earned using the bonus amount.
No Deposit Bonus Vs. First Deposit Bingo Bonus
A number of bingo sites offer signup bonuses even without the player making any deposit. This is a great opportunity for players to test a site before making a real money deposit. The main difference between these two types of bonuses is that one does not require any real money deposit to get access to the bonus, while in other case, money is essential. A no deposit bonus may look more attractive, but the bonus amount is often low compared to that of first deposit bonus.
No deposit bonuses also have certain wagering requirements. For instance, you may need to play a certain number of games before cashing out. Some websites need you to make a deposit before withdrawing the wins earned from no deposit bonus. Regardless of whether you opt for a site offering no deposit bonus, first deposit bingo bonus, or both, you are not likely end up at a loss.
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