What does Bonus Money in Bingo mean?

admin — Thu, 19 Feb 2009 15:42:39 +0000

Many Bingo sites pay out bonus money as an incentive for customers to sign up with them. This is an incentive program that is made to make clients feel as though they are getting more in return when compared to what they are putting into the game.

It’s important to know that all bingo sites only give out about 70% of the cash they receive, which means that regardless of how much bonus money you may be getting, the site is taking 30% of everything you give them.

Also, bonus money is not redeemable as cash. The bonus is the last thing used when paying for a card. Another thing to know is that redeeming your winnings can cause you to lose your bonus, as the site will most probably reset it to zero after the redemption. The reason they do this is to discourage clients from withdrawing their winnings. You should also know how long your bonus is valid for. Most are only valid for thirty days, but durations vary around the world.

Bonuses are thus essentially a scam to encourage you to stick around and use the site more often. You can’t redeem them, collecting your winnings resets them to zero and they also expire after a while. So do not let bonus money be the deciding factor when you are choosing an online bingo site to sign up with, as this is not something that will help you in actual financial terms.

History of Bingo

admin — Sun, 01 Feb 2009 15:43:13 +0000

Bingo can be traced back to the 16th century, when it was known as a lottery game, and was popular in Italy. In the 18th century, it made its way to France, where the cards were developed and tokens were added to the game. In the 19th century, it caught on in Germany and was used for educational purposes, as a means to teach students maths.

In 1929, made its way to Georgia in the United States where it was played with beans, and was known as Beano. The idea was picked up by Edwin Lowe, who took it to New York and played it with his friends. While they were playing, his friend (who had just won) sprang up and yelled Bingo instead of Beano, and that is how the name was formed. Lowe created a portable set of Bingo, copyrighted the name, and went on to make a business out of the game. By the 1940s the game had taken over the country. The game became popular in the UK in the 1960s.

Nowadays Bingo is played both in halls across the world, and on internet sites. The game has been developed from its bean days and now has electronic equipment to ensure random generation of the bingo balls, and better made cards and stamps. The growth, however, remains in the online version of the game with new players being added every day and exponential growth taking place. Like all other online businesses, Bingo has taken off very well online.

For more information about the game of bingo click here.

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What does Bonus Money in Bingo mean?

History of Bingo