The best bingo payouts are made up of money that ranges from a smaller amount to the much larger amounts. This depends on the size of the bingo hall. Although it might not be clear at first glance. However, there are a number of rules that administer how much an online bingo site has to payout.
The rules are shared in the simplest form and we also share how you can withdraw bingo payouts. If this is the kind of information you want, keep reading this guide.
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| Online casinos | Welcome Bonus | Payout | Rating | Visit Site |
|---|---|---|---|---|
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Bingo Payout Rates vs Slots
It is a known fact that bingo as a casino game differs from all the other games. Therefore, it is fitting that the payout rates are also different. So, a noticeable difference between bingo and slots payouts is that the former is competitive while the latter is played by one person. This factor has a huge impact on the payout rate of the games. In bingo, when every person wins, it is a loss to the other players.
In slots, one player can win millions from one spin when playing progressive jackpot games. The percentage in the game becomes a bit skewed because the winnings become bigger. Additionally, the RTP in these games become lower.
Types of Jackpots in Online Bingo
Online bingo has two types of jackpots. Namely; pre-set jackpots as well as progressive jackpots. You can get the best bingo payouts from both games. Moreover, there are numerous opportunities for you to win real money. Below, we look at the two different types of jackpots:
Pre-Set Jackpots
So, firstly, let’s look at Pre-set Jackpots. These are basically the amounts that are specific before each game starts. This amount is obviously the same and they are fixed. Therefore, the amount will be not affected by the bingo tickets bought by players, moreover, the amount does not increase. In bingo, each number callout has a tie to a certain jackpot amount. You need to match every number on your bingo card if you want to win this jackpot.
Progressive Jackpots
This is self-explanatory. progressive jackpot is basically prize money accumulated over a certain period of time and continues to accumulate until one player wins the particular game. In the case of bingo, the jackpot will kick off at a particular amount and it grows each time a player buys a ticket.
Progressive jackpot is offered for 75- ball and 90-ball games. You need to match a particular number of balls called out in the process of the game if you want to win. It is important to note that the jackpots will vary depending on the online bingo site you decide to use. You might notice a number pattern on the bingo sites. These will be on the respective Backoffice before every game kick offs. These are the number mandatory to win in that precise seating.
Bingo RTP Averages
As we have already mentioned, the bingo payouts differ depending on the site. The site will display the payout percentage clearly which is also referred to as the Return to Player (RTP). The RTP usually stands at 90 percent. Below we look at the RTP averages of both 75-ball bingo and 90 ball bingo:
90 ball bingo: The RTP of 90 ball bingo is round 80%, however, there are a few aspects that influence this percentage. If you want to know how long your money will last, you need to check out free bingo rooms.
75 ball bingo: The structure of both the 90-ball bingo and 75 ball bingo is similar. For 75 ball bingo, the RTP ranges from 70% and 85%. As already mentioned, there are a number of factors that affect the RTP, these include jackpot structure, the ticket price as well as the number of tickets.
Bingo Deposit Methods
You first need to make a real money deposit if you want to win real cash. The same can be said with bingo, if you want to win real cash when playing bingo. Alternatively, you can bet a particular amount into your casino account.
You will find multiple options to make deposits at the best bingo casinos. Players are given the opportunity to decide on the method that best suit their preference. Once you have registered at the casino of your choice, you will be required to make a real money deposit. Once the deposit has been made into your personal account, you will be well on your way to start playing the bingo game.
Withdrawing Bingo Payouts
There are a number of terms and conditions that are associated with withdrawing your winnings. This might come across as complicated especially to new players. With bingo on the other hand, the payouts are seamless. This is mainly due to the fact that the game is offered in a number of currencies. This includes the British pound, the US dollar, the Australian and Canadian dollar as well as the Euro.
If the country you are gambling from does not offer any bingo games, online gambling sites will allow you to convert your funds to the currency of your choice. Additionally, there are numerous banking methods that you can use to withdraw your funds. These include, debit cards, Diners Club International, Neteller, Maestro, cheques as well as Visa and Mastercard.