Profit From Bingo Promotions

Online bingo sites are businesses just like those you find on the high street. And just as shops on the high street like to compete with each other by giving their customers special offers and putting on sales, so online bingo sites try to attract customers by setting up reward schemes and offering special promotions.

The most common promotion is the "first deposit bonus". This is where an online bingo site gives new players a percentage of their first deposit as a free gift. For example, if a site offers a 100% first deposit bonus and you put £30 into your account, the site will add another £30 to your account, giving you £60 to play with.

Many sites also offer bonuses on subsequent deposits. These bonuses tend to be lower than first deposit bonuses (because you are already a player with them) but they can still be valuable. A 50% bonus, for example, would result in the site adding £25 to your account every time you deposit £50 of your own money.

Obviously, there are certain rules governing deposit bonuses. For example, sites almost always insist that the money in your account cannot be withdrawn until you have played a certain number of games. These rules are there to protect the site from abuse. If they didn't exist, there would be nothing to stop people from depositing £100 into a new account, receiving a £100 bonus and then withdrawing £200 a few minutes later. Clearly, if this were allowed to happen, the online bingo industry would go out of business very quickly, and we would all suffer as a result!

Other promotions used by online bingo sites include prize draws and loyalty schemes. Prize draws are simple to understand - if you play a particular game or sign up a new account at a particular time, your name is entered into a free draw. Then, at a designated time, one or more names are "picked from the hat" to win a prize. The quality of prizes vary, but can be impressive. How does a holiday in Cancun grab your attention? Or a new car? Such prizes are offered by bingo sites on a surprisingly regular basis!

Loyalty schemes are design to reward regular players, and usually work by awarding points to players every time they purchase a bingo card. These points can then be redeemed for tangible goods or use to pay for more bingo cards. Either way, the points are valuable, so spend them wisely!

The key to profiting from promotions is to keep your eyes peeled and avoid looking a gift horse in the mouth. Check this site regularly for details of the latest promotions offered by the best sites around, then take advantage of the ones that tickle your fancy before they are withdrawn. A generous promotion that is available today may not necessarily be available tomorrow, so strike whilst the iron is hot!

Good luck!

30th January 2008