Whether you’re gambling online or at the casinos, one thing’s for sure: you don’t want to risk playing with too much money, but neither do you want to lose out on those extra shiny bonuses. However, fret not! With our guide in hand, we’ve got you covered –– you can even play bingo from just a £5 deposit, perfect for those on a low budget.
There are a slew of different bonuses that you can look forward to on online Bingo sites. Sweet, right? Here’s a compilation of the best bingo bonuses, summarized for your reading leisure.
Bingo Bonus Funds
When you first enter a Bingo site, you’re likely going to get introduced to the world of bingo bonus funds, through the colorful array of banners and notifications displaying details of their first deposit offer. These first deposit bonuses can range anywhere from 100% to 500%. This is the site’s way to let players play bingo or side games with them, by allowing the players the opportunity to make real money.
However, most bingo bonus funds have a minimum wagering requirement which is specified at the time the bonus is awarded to the player. Some sites require players to wager their deposit multiple times before withdrawing any of the winnings, whilst others have a higher wager requirement than some. Hence, it is crucial to ensure that you have the necessary resources to participate, as the bonus funds are non-withdrawable until you’ve met the wagering requirements.
No Deposit Bonus
A no deposit bonus refers to a casino promotion whereby users can obtain free credit, without requiring them to deposit any of their own money. This is usually done to attract and encourage new players to create accounts with that particular site –– making it a great way to earn some funds whilst testing out online casinos. Most of these funds are usually offered at five pounds, but it is also important to note that the wagering rules for these bonuses are generally always higher.
Unfortunately, these bonuses are becoming increasingly rare, as they are incredibly expensive to give out and often result in bingo operators operating at a loss. Despite this, it is still possible to find these rare bonuses, so it is crucial to make sure that you scan the bingo market for these opportunities if you’re interested in gettin’ that free money.
No Wagering Free Spins
Free spins are usually introduced to new players together with bonus funds or no deposit bonuses, as part of a promotion to attract and retain new customers. Believe it or not, players may even receive up to a hundred free spins as part of their welcome offers! However, these spins generally have more terms and conditions than the aforementioned bonus funds, as there are specific games for you to spend these free spins on, set wagers, and even limits on how much money you can win.
We’ve even noticed some sites offering players opportunities to spin a prize wheel and potentially claim up to 500 free spins –– but with a minimum of a ten-pound deposit. Hence, it’s always important to check if you’re able to afford the minimum deposit before participating in their free spins.
Reload bonuses are often offered as a reward to players who have previously deposited in the casino. Casinos usually roll these out as a way to reward loyal players for participating within their site –– in the form of a lil’ extra credit. These are a great option for those with a five-pound deposit to look out for, as their wagering requirements can be lower than a first deposit bonus. Regardless, it’s still important to acknowledge the wagering requirements before choosing to claim the offer. These may include bingo bonus funds, game bonuses, and free spins, though they each come with their terms and conditions.
Every site is different. Whilst the majority of reload bonuses can be claimed from a large number of bingo operators by depositing five pounds, it’s worth noting that these reload bonuses can still take on several different structures and forms. Players are most commonly awarded either 50%, 100%, and 150% reload bonuses.
Perfect for online gambling enthusiasts, the casino cashback bonus rewards players who have deposited a large sum of money with cash or credits that can be used to gamble. This particular form of bonus is dependent on the number of times you play and end up losing a game, which may not make it applicable to newbies. Casinos generally return players 5 to 20% of their playing sum, hence you’ll probably get way more cashback if you were to gamble with 1000 pounds, as compared to a five-pound deposit. However, it’s worth noting that there’s usually a tight time frame that you should be playing these games in, which may even have a minimum deposit to be eligible for cashback.
Most of these cashback promotions are offered to players as part of a casino’s VIP system, which means that players have to put in the time and effort to rise through the ranks before attaining cashback eligibility. For the newbie online player, this promotion may not be worth the wait –– but if you’re an experienced online gambler, you may want to check this one out.
What Should I Look Out For?
Pros and Cons of a Five-Pound Deposit
Before you put in that five-pound deposit, we seriously recommend weighing your advantages and disadvantages in getting a bonus offer. On one hand, depositing five pounds doesn’t tie you down to a particular site and allows you the freedom to explore other options (and have fun whilst doing it). You’ll have the financial capability to test out multiple five-pound deposits on different sites, and have more flexibility in choosing how much you want to add on to that bonus. Plus, there are plenty of bingo games that offer great five-pound deposit bonus offers.
On the other hand, there are a handful of sites that have a minimum deposit of 10 pounds, which renders your five-pound deposit… kind of useless. You also may find yourself having to add more and more to your initial deposit to gain larger rewards. Plus, most sites have a minimum bonus offer withdrawal of more than 5-pounds, which requires you to pump in even more money, way more than what you initially planned.
Is Bigger Always Better?
When it comes to wagering requirements, bigger bonuses are not always better. Some players might choose not to accept bonus funds whilst others may opt to stick with smaller amounts, as they’re often easier to wager. It’s only worth depositing more if you’re thinking of trying percentage bonuses, as the second and third rewards offered are way more than the first deposit bonuses. Regardless, if you’re here to have some serious fun, why not try out for the highest bonuses available?
It’s one thing to receive flashy bingo rewards from a five-pound deposit, but it’s another thing to see that offer translated into your bank account. Always keep an eye out for the terms and conditions of the wagering requirements, as it holds the power to make or break your next move. They often contain information regarding bonus expiry dates, restrictions on what you can win, and what you can spend your bonus on. Remember –– the minimum deposit you make to get your bonus is not the same as the minimum deposit required to withdraw your winnings. On certain sites, players are required to deposit as much as 30 pounds before withdrawing their winnings.
Not all sites with five-pound deposits are equal. Some games require more from players than just five pounds, whilst others (such as penny bingo games) can let players do a lot more with their five-pound deposit.
All in all, the main things to take away from this article are to maximize your deposits and always keep a keen eye out for the subtle ways websites might be out to get you. That being said, have fun and keep your eyes on the prize!