Your Guide to Online Bingo Deposit Bonuses
If you’re looking for a new online bingo site, one of the things you’ll want to keep in mind is the kind of promotions and deals on offer. As there are so many bingo operators out there, each provider is keen to attract more players to sign up for their brand as well as to retain the existing players that they already have. One way of doing this is to offer a host of exciting deals which allow customers to get the most out of their gameplay experience.
While there are numerous varieties of bonus deal out there, one of the most popular types of promotions are deposit bonuses. These are highly desirable for both new and existing customers since they improve the chances of maximising any wins.
There are a few different types of deposit bonus to choose from, and here, we look at the differences between them.
Top 2 Online Bingo Deposit Bonuses
The Best Bingo SiteJackpotjoy Bingo
- £35 Welcome Bonus
- Max Bonus £250
- Deposit only £10
Bingo VIP Loyalty ProgramsWilliam Hill Bingo
- 400% Welcome Bonus
- Max Bonus £40
- Deposit Min £10
What is a Deposit Bonus?
Whereas a no deposit bonus is given to a player without having to use any of their own funds, a deposit bonus is awarded by a bingo website to a player when they deposit a sum of money into their gaming account. Usually, a minimum amount must be deposited in order to benefit from the bonus, however the precise sum varies depending on the site chosen. Of course, as you might expect, there are almost always conditions associated with this type of bonus, and it’s vital to examine the terms thoroughly before opting to benefit from any promotional offer.
Welcome Deposit Bonuses
The most commonly found deposit bonus comes under the banner of Welcome, or Sign Up Bonuses. These are only given to brand new customers who register for the site’s bingo services. Once the player has registered for the website and put down their initial deposit amount in their account, they will receive the promised bonus. The amount of required deposit will vary depending on the site, although usually it will be between £5 and £10, and sometimes, the amount may be fixed, for example, you may be given £30 if you deposit the sum of £10. While they are all a good way of boosting the amount of gameplay you can enjoy for your money, remember to read the terms and conditions first regarding wagering requirements.
Often a welcome deposit or first deposit bonus will be offered as a percentage of the amount that you deposit. The percentage could be quite generous, up to 300% or even 500%. In practical terms, this means that if you pay £10 into your account and receive a bonus of 300% your deposit amount, you would be given 3 times that sum i.e. £30 on top of the £10 you have deposited. This will give you £40 of playable funds for just £10.
One thing to watch out for here is that a larger percentage may not actually translate into a better deposit bonus, since the maximum amount which you are able to deposit may actually be low. This means that if you choose a site which offers a bonus of 500% but which has a maximum bonus amount of £25, you might actually be better off choosing a site with a welcome bonus of 100% but up to a maximum of £100. The best deal really depends on your own preferences – if you like to deposit small amounts but receive a bonus that is larger in comparison, a high percentage bonus deal might be best for you, however if you like depositing larger amounts, a deal with a high maximum bonus amount is probably better to suit your needs.
The Reload Bonus
The Reload Bonus is another type of deposit bonus, although it may sometimes be called a re-deposit bonus. Very similar to the standard deposit welcome bonus, a reload bonus is offered on the second, third or even every single deposit in an attempt to encourage players to stick with the site.
While these bonuses are generally a lower percentage and also a lower maximum bonus amount than would be found in a welcome bonus, they are a great incentive for customers to make subsequent deposits with the same operator. Reload bonuses will also have conditions regarding wagering requirements, however they are often different to those relating to the welcome bonuses, so always make sure to check the terms before taking advantage of the offer to avoid disappointment when it comes to withdrawing your winnings.
Slots are now commonly found on all kinds of bingo websites, and one of the popular deposit bonuses awards players with a set number of free spins once they put down a deposit. Usually, this type of bonus is only applicable to the first deposit, however there are a few operators who offer free spins with up to the third subsequent deposit. The number of spins which are on offer could be as high as 150, and quite often, free spins will be offered in conjunction with a deposit match deal so players can maximise their potential gains even more effectively. Again, always read the terms and conditions as the wagering requirements that apply to the spins will be different to that which is applicable to bingo games.
Important Information About Terms and Conditions
Every deposit bingo bonus will come with conditions attached, and checking the terms before you agree to any offer is essential in order to avoid receiving an unpleasant surprise when it comes to withdrawing your profits.
The terms and conditions will always vary, however some sites will have more stringent requirements than others. Some of the most common conditions to appear on bingo sites include:
- Maximum winnings – occasionally, sites will place a cap on the amount which can be won from the bonus. Sometimes, the amount could be as low as just £20, so checking this element is very important
- Wagering requirements – this is the most commonly found condition, which requires players to wager a set sum before they can withdraw any winnings. Usually, it is between two and five times the amount of bonus, however occasionally, you will find a site that offers no wagering requirement so players can withdraw any winnings as soon as the bonus is used
There are also some sites which have a low wagering requirement, and these are great value. Often, these operators only ask players to wager two or three times the bonus amount, and this means that after taking advantage of the bonus, they will still have a good chance of having some profits left to withdrawn once the wagering requirements have been met. As an example – if you deposit £10 and receive a bonus of £30 with a wagering requirement of 2 times the bonus, you would need to wager just £60 before you could make a withdrawal, rather than a massive £150 for a wagering requirement of 5x.
One thing to watch out for is which games can be played to comply with the wagering requirements since not every game will count. Some games will contribute smaller sums to the overall wagering requirement, while some sites state that only bingo games count, with slots or casino games not counting at all. Usually, bingo games will count 100 percent towards a wagering requirement, however scratch cards and slots often only count around 5-25% and games like blackjack, roulette, poker and keno usually won’t count at all.
As you can see, there is a little more to deposit bonuses than first meets the eye. Although they may look like an attractive proposition, it is always very important to thoroughly read all of the terms and conditions before you jump in and make a final decision about which is the right bingo site for you, since wagering requirements will vary considerably between different operators and some will be a lot more generous than others.
Checking the maximum win amount and the wagering requirement for each site is key, as well as the paying close attention to the percentage on offer and maximum deposit amount permitted if you want to be certain of choosing a bingo provider which gives you the best possible deal for your money. Also, by making sure that your favourite games count towards your wagering requirement you will be sure of avoiding any problems when it comes to withdrawing your funds. If you want to play it safe, you could always stick with bingo games which will always count.
If you are careful and always pay close attention to the small print when registering with a new operator, you can be sure that you will find an online bingo site which offers you fantastic opportunities to maximise your potential winnings. Deposit bonuses are one of the best ways to make the most of your gameplay, which explains why they are so sought after, and why so many bingo sites offer this type of promotion as a way of attracting and retaining customers.