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.
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