31st of March 2011 Author: Glo Wood
One of the most raised questions any bingo player has is whether or not to take a bonus on a deposit. The answer to this may vary from player to player depending on their view point. Let's discuss the advantages and disadvantages and make a final determination as to what is better.
Every bingo site offers a bonus to enhance your deposit. It is a marketing tool needed to compete in land based casinos. These perks are important in attracting players and to encourage deposits. At the same time it offers benefits to the player. There are basically two types of bonuses. The cashable bonus is the most favored because it allows players to withdraw the bonus cash when it comes time to collect. The noncashable bonus is deducted from the balance when a cash out takes place.
It is lucrative for players to take a bonus on a deposit because it offers a more ample starting bankroll. It is paramount that players read the terms and conditions on a bonus before making a deposit. Bonus money requires a play through before any cash out can be made. This is a wage requirement (WR) that must be met or any win will be considered null and void. For example if a deposit is made for $20 with a 100% bonus match your starting bankroll has just doubled at $40. If a WR is 20x's, a player must wager $800 to meet the terms and before a withdrawal is allowed. The WR varies depending on the promotion. Any WR over 25x-30x is not encouraged as it becomes more difficult to meet the terms.
Exclusive bonuses found at online forums can offer even better promotions then the bingo site themselves. One advantage of taking a bingo community exclusive is the assistance is available should there be any problems during your transaction, play time or cashing out. Administration stands behind their promotions in will step in should a problem arise.
Playing a straight deposit with no play through requirements is nice when players are ready to cash out with no restrictions. There are no terms and conditions to read through and big wins can instantly be withdrawn. Also players are not faced with being labeled a 'bonus abuser' and having their accounts suspended.
Ideally players should utilize both methods of depositing. There are definite advantages with bonuses and without them. For smaller deposits use a bonus to boost your bankroll. For larger deposits unless there is a low WR or it's a cashable bonus, make a straight deposit.
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