Before many of us play on a bingo site, there is one important question we aim to ask. How likely am I to win? Playing bingo for fun is great but we all love to win. That’s why payout frequency is a huge concern for those of us who bet real cash. Discovering the best online bingo sites for winning can seem like a triumph in itself! Since we’re a generous bunch, we’ve decided to share our knowledge. We have compiled a list of the best payout bingo sites, to steer those of you with a competitive streak in the right direction.
888 Ladies: New players play with £60 when they deposit their first £10 deposit.
Wink: A 250% bingo bonus and a chance to spin the wheel of prizes will be yours after your first £10 deposit.
Tasty: Deposit £10 and play with £40 as a newbie at Tasty Bingo.
Mecca: Fancy earning £50 of free playing credit? Then sign up to Mecca Bingo and deposit £10.
What is RTP?
RTP stands for Return to Player and is a common unit of measurement in the betting industry. It one of the statistics that allows players to judge how popular a slot game or machine is likely to be. You will always find the return to player data in a percentage format. The reason for this is because the figure is calculated in relation to a £100 wager. Basically, the percentage RTP tells a player how much the machine pays out for every £100 wagered. Therefore, if the RTP is 94.5% this means that for every £100 that enters the slot it will pay £94.50 back out.
It’s important to note that the RTP gives players an idea what the machine is likely to pay out over time. It is a long term calculation. Almost anything can happen in the short term and volatility is high in slot games. The RTP is the opposite of house advantage. This is another term you may hear when searching for the best online bingo payouts. The house advantage is the sum of cash that the house is likely to keep per £100 wagered. If you see a 5% house advantage then you know that the RTP is 95%.
Are there T’s and C’s to look out for?
As when looking at any online betting promo, you should always check terms and conditions. In addition to checking out a game’s RTP, you should always research the wagering requirements. These are extremely important facts to know. A promotion which may seem like a great deal can be thwarted by high wagering requirements.
Wagering requirements are basically a level of funds you have to wager before you will be able to withdraw winnings. Therefore, although a game has a great RTP it may not quite be enough to be considered a good deal. If it has extremely high wagering requirements you will be forced to invest a large some of your own cash in order to gain access to any winnings. A higher likelihood of winnings means little if you can’t gain access to them.
It’s always a good idea to check out all terms and conditions before playing any game so you can assess your best option. Earning the best bingo payouts requires all the relevant information, not just parts of it.
To conclude, the best bingo payout sites are hard to come by. These are the sites that in addition to offering games which a high RTP, also have low wagering requirements. Always be sure to check full terms and conditions on any sites you play on to ensure you get the best deal.