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Things you should know about Bingo Casino bonuses
1. Bingo Casino sites pay out the same amount regardless of how
much bonus money they give away. Most sites pay out close to 70%
on real cash. This just means, that on a card-by-card basis, the
more bonus money in play, the lower the average effective payout
per card.Since you can buy more cards, this doesn't hurt you,
assuming that you get the same bonus that everyone else does.
This isn't 100% true. The Bingo Casino bonuses help and harm. I will
explain later.
2. Bonus money is never redeemable as cash.* Deposits,
winnings and bonus money are always treated separately. Winnings
are always spent first; deposits second and bonus last. On many
Bingo Casino sites deposits are also not redeemable.
3. You can lose some or all of your bonus when you redeem
your winnings. Many sites either penalize your bonus money or
reset it to $0 when you redeem your winnings. Although this
serves the evil purpose of discouraging cash-outs, it also helps
to lower the average bonus money in play thus improving everyone
else's average effective payout per card. More on this later.
4. Bonuses can expire. Some sites expire bonuses --
including deposit bonuses and chat game bonuses. Usually in
about 30 days.
5. Bonus money is a scam with positive side effects.
Bingo Casino bonus schemes are a scam. You can't redeem it and the
sites are going to have the same % payout regardless of the
bonuses, so most of the added value of a large deposit bonus is
an illusion. To add injury to insult, the bonuses are usually
structured to encourage you not to cash out your winnings, to
spend your deposit and winnings before your bonuses expire and
they are sometimes structured to encourage you to make larger
deposits. Another important negative side effect is that since
winnings do not generally come with a bonus, it is more
expensive to play with winnings than deposits.
The Bingo Casino bonus structure has one great side effect though.
Whenever players don't redeem their bonus points. When they take
a hit to their bonus for redeeming cash, let their bonus money
expire, or cash it in on other promotions -- they decrease the
bonus money in play which makes all other money in play - bonus
or real - more valuable. Big winners take their bonus out of
play and that gives everyone else a higher effective payout per
card. Of course the true payout never changes. The net effect is
a slight increase in the odds that there will be more winners
dipping into the actual payouts.
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