Offering deposit bonuses is a trick adopted by all major online bingo rooms whose purpose is to beat the competition by luring more players with appetizing promotional incentives. The deposit bonus is the most common incentive of this type and is awarded to bingo mavens who sign up at the bingo rooms and deposit the minimum required amount that qualifies them for this offer, which generally is low at either £5 or £10.
The deposited amount is then matched with a bonus. For example, if you deposit £10 and opt in for a first-time deposit bonus of 500%, you will receive the additional amount of £50 to buy free bingo tickets with. The bonus is normally limited to a specific maximum. An example would be 888bingo which offers you a 500% sign-up deposit bonus of up to £100. You can use this bonus amount to buy free tickets to play with at the qualifying bingo rooms of 888bingo.
As is often the case with online gambling promos, the participating bingo players would have to clear their bonuses by meeting the wagering requirements. This is to say, you need to purchase bingo tickets of a specific value to be able to withdraw the winnings you generated with the free ones. The number of times you need to wager the bonus varies between casinos but is usually smaller than that for casino deposit bonuses. Often you can clear the bonus by playing the mini games offered in the bingo room.
By way of example, you earn £300 with your free bingo tickets and are looking to withdraw them but you are facing wagering of 4x the profits amount. You must invest £1,200 of your own money into tickets. If your bonus is “sticky”, it is not withdrawable and you will be able to cash out only the £300 you won. If it is withdrawable, you can cash out your winnings plus the £100 from the original bonus for a total of £400.
We have compiled a short list of some of the most popular online bingo rooms out there and advise you to take a look at them to see which one cuts you the best deposit bonus deals.