Deposit Bingo Bonus
Various bonuses are offered when making a deposit, bonuses can be offered in many different ways and understanding these will allow you to get more value for money from the bingo site you choose. Bonuses are often given as a percentage which can be calculated as follows:
Example deposit: £10
Example bonus: 300%
Calculation: (300 ÷ 100) x 10 = £30 FREE!
Example deposit: £20
Example bonus: 250%
Calculation: (250 ÷ 100) x 20 = £50 FREE!
To understand how bonuses work we have explained the different categories below:
First Deposit / Welcome Bonus
This is where you will get the maximum value for money as new players are given a larger bonus on their first deposit than any other deposits made (unless you become a VIP).
Reload Bonus / Re-Deposit Bonus
Reload bonuses are offered for every deposit made, these tend to be a lot lower than your first deposit. Most sites offer between 25% and 50% depending on the amount you deposit. Some sites will give you a higher reload bonus if you have a certain amount of Loyalty Points (LP’s)
What to watch out for
- Bonuses usually come with a wagering requirement this is usually found on the terms and conditions page. It will say something like: 4x bonus wagering requirement, this means you may not be able to withdraw any winnings until you have reached these requirements.
Most sites will give you two balances, a cash balance and a bonus balance. The bonus balance is pretty much a virtual currency that cannot be withdrawn. The welcome bonus is sometimes credited to the bonus balance, this is common with sites on Cozy Games software, however you can request that your bonus is paid into your cash balance, however the welcome bonus you will be given will be considerably lower than advertised. Requesting a cash bonus will make it easier for you when you wish to withdraw any winnings.