Bingo payouts usually involve real money that can start from $50 at small bingo halls and go all the way up to $1 million when you’re in a high stakes game. In this guide, you’ll learn how to calculate bingo payouts, and you will find out about the biggest bingo payouts. What’s more, we’ll recommend bingo sites for you to find online bingo payouts.
Online Bingo Sites with Big Payouts
Jackpots in Online Bingo
There are two types of bingo categories you will find at the bingo hall offline and online. These categories are progressive jackpots and pre-set jackpots. Both of these categories will offer you impressive bingo payouts and extra opportunities to win real money.
The definition of progressive jackpots refers to prize money that accumulates over time. It accumulates until someone wins the jackpot. So, the jackpot starts with a small amount and gradually increases as players buy bingo tickets.
Usually, a progressive jackpot is offered on 90-ball and 75-ball games. As you may know, to win in bingo, you will have to match the numbers called out to the numbers on your bingo ticket.
For instance, a bingo website could set the jackpot prize at 50 numbers, and the starting jackpot amount at $6000. So, for you to win, you need to match 50 numbers called out. When someone wins the jackpot, the prize money will go back to the starting amount.
Pre-set jackpots are prize amounts that have been determined before each game starts. Usually, these amounts are fixed. Therefore, the prize money will not increase, and it won’t be affected by the number of bingo tickets bought for the game.
Every number that is called out is associated with a specific jackpot amount. So, you need to match every number on your bingo card to win this jackpot. For example, if you match 43 numbers, you will be eligible for a $20 000 cash prize.
Bingo Deposit Methods
As the old saying goes, “you need to spend money to win money.” So, you need to make sure you have enough in your bankroll to play bingo. Before you can start playing bingo, you need to deposit funds into your gambling account.
As a player, you’ll have multiple deposit options, and you’ll be able to choose a method that works for you. A lot of casino sites will require you to deposit funds after you have registered for an account.
Withdrawing Bingo Payouts
If you’ve chosen a simple deposit method, there should be no issues when you withdraw your online bingo payouts. So, when you are ready to withdraw your bingo winnings, you can head to the “cashier” section of the casino.
There, you’ll find various methods of withdrawing. It’s advisable to use the same withdrawal method that you used for depositing. These options range from Visa, MasterCard, Neteller, Skrill, and many others.
Whatever payment option you have chosen will determine how long you will have to wait for your winnings to reflect in your account. You will also need to provide identity documents to the casino when you request a withdrawal.
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