The online bingo industry is one of the most competitive in the world, with dozens of high quality bingo sites all vying for a player’s business. In order to give them an edge over their rivals and attract more players to their services, online bingo sites are well known for handing out competitive bonuses to players. These bonuses usually take the form of free bingo games, and are offered as either codes to redeem free online bingo tickets or as a cash bonus to buy tickets with.
Along with offering players free online bingo games, online bingo sites like Foxy Bingo and Xbingo.com also tend to offer players a bonus on their first deposits. These bonuses are usually some of the most generous in the entire online gambling industry, with some sites offering up to 200% of a player’s initial deposit. This means that if a player made an initial deposit of £5 with a 200% bonus, they would receive a £10 bonus to give them a starting balance of £15. However, these generous bonuses often have low caps on them compared to other bonuses in the online gambling industry, with online bingo bonuses often being limited to less than £30.
When given a bonus of free cash, a player can’t withdraw it straight away. The money has to be staked at least once, with any winnings from the free bingo game being returned to the player. Depending on the site, winnings from free online bingo games may then have to be re-staked several times before they can be withdrawn.