We all want to win at online bingo, not to mention slots and other games available at these sites. But can we play to put ourselves at an advantage? We’ve put together a handy guide to online bingo and playing for profit, to see whether it is possible to do this.
Where to find the best bingo bonuses
A minimum deposit of £10 gets you a spin on the Mega Wheel. This will win you up to 500 free spins, or maybe an Amazon voucher!
Grab a 500% first-deposit bonus when you join. Wagering requirements are 4x on the bonus, and you can enjoy up to 125% as a reload bonus, too.
Give the Mega Reel a spin when you join with a minimum deposit of a tenner. You could win up to 500 free spins when you do.
Get treated to £20 when you make your first deposit of £10 at Cheers Bingo. You also get to spin their wheel to win between £5 and £2,500 of additional bonus funds.
What is bonus hunting?
There are two types of bonus hunting (otherwise known as bonus bagging). Let’s look at them both here.
People looking to exploit the system and make a profit
Bonus offers are designed to retain players. However, some will follow this pattern instead:
- Make a profit
- Withdraw the winning
- Move on to the next site and do it again
People looking for a new site use best bonus offers as an incentive to join
We encourage this as it ensures you get off to a great start whenever you join a new bingo site. All the sites we recommend fit into this category, so you know you’re in good company! We think this is the best way to approach bonus bingo opportunities.
Is it worth your time?
Bonus hunting was probably more lucrative in the past, because the terms and conditions were not likely to be as restrictive as they are now. It is very challenging to find a guaranteed profit today.
That’s why we believe the bonuses should be treated as just that – bonuses. You should enjoy playing the games and hoping for a win, rather than trying to game the system.
Before you play
It’s worth finding out as much as you can about the bonuses on offer before you join any site, and before you play their games. We’ve highlighted some of the main elements to consider here.
Is the bonus cashable?
Cashable no-deposit bonuses are ones you can cash out. If it isn’t cashable, you won’t be able to exploit the system. There are two bonus types to be aware of, too:
- Sticky bonuses – these are bonuses you can wager money with, but you can never withdraw the bonus itself, only the winnings you might get with it
- Phantom bonuses – this is a bonus you can use to play demo games on a website, i.e. it is phantom, and not a real bonus
Are there positive expectation games?
Positive expectation games are those where skill comes into play. The idea is you can use your skill to beat the house edge and improve your winning chances. Table games such as blackjack and poker are positive expectation games.
Meanwhile, negative expectation games are those where skill is not used. For example, the outcome of slot games and online bingo is decided according to luck. Therefore, you can have no influence on whether you win or not.
What are the wagering requirements?
These are the requirements you must meet before you can withdraw anything. It is usually a multiple of the amount. It could be the bonus plus the deposit you made.
For example, you may be required to play through the amount 10x before you can withdraw it (or more, or less, than this).
What have bingo sites done to stop bonus hunters taking advantage of their generosity?
Limited game choice for bonus play
You may find you can only play one or two bingo games with your bonuses. Look at the details provided with the bonus to see how you can use it.
Ts and Cs highlighting ‘suspicious play’
If the site spots a pattern of suspicious play, they may well reserve the right to refuse a payout. Always know the Ts and Cs before you join or play on a site.
Higher wagering requirements
Wagering requirements are often attached to bingo bonuses. Some sites have upped the requirements to deter bonus hunters from trying to exploit the deals.
There’s no such thing as risk-free profit!
While some players go for advantage play, bingo is a game of chance. That makes it harder to exploit bonuses. Our advice is not to worry too much about the house edge, and just enjoy the bonuses and play for fun – and hopefully some profit along the way, too.