Who doesn’t enjoy a good game of Bingo? It’s a stimulating game that anyone can enjoy, and normally there is a fun prize at the end. Plus, you get to yell ‘Bingo!’ at the top of your lungs, and startle the dog. Only if you win, of course, but you can yell Bingo as many times as you like in your free time, just for the heck of it.
Free Bingo Sites - Win Real Money. Here at top 10 best bingo sites our mission is to bring you the best bingo promotions and bonuses that online bingo has to offer. Facebook has made a bold move into the online gambling space, allowing UK developer Gamesys to launch the platform's first real-money gaming app. Dubbed Bingo Friendzy, the app offers users a. Real Money Bingo. Facebook is showing information to help you better understand the purpose of a Page. Can you win real money playing virtual bingo? If you are running your virtual bingo night between friends and family then you can collect and award money prizes, however if you are planning to host a game of virtual bingo for commercial gain, then you should look into the Gambling Commission rules regarding private bingo nights. Once they are met, bonus money will transfer and become real money, after which it can be withdrawn. As a quick guide, a wagering requirement will appear as something like this; x10. This means that if the bonus cash was $10, 10 bets of that amount will have to made before any winnings with the bonus money may be withdrawn.
But wait a second, can you also earn real money playing Bingo? It turns out that, yes, you certainly can. If you know how to go about doing it. Join us now and we’ll explain exactly how it’s done, and how you can turn a favourite game into a money making hobby.
It’s A Luck Game
Before we get to the money making part of the game, let’s first talk a bit about the game itself. Bingo is, as everyone who has played it understands, a luck based experience. You get a randomly generated card, and have no say as to which numbers appear. That doesn’t sound like a very sure fire way to make cash, right?
Well, if you take the right approach, know what you’re doing, and go about things smartly, there is still money to be made. You just have to know what sign up bonuses are, and how they are a pretty big advantage.
Taking The Smart Approach
As you may or may not know, the iGaming industry is a competitive one. This means that there are dozens of sites out there offering Bingo. What is important to understand is that different sites are run and owned by different operators. Why is this important? Because these operators need to compete for business, which is good news for you, the consumer.
Since operators compete for business, they must make extremely generous offers to their players. Things such as sign up bonuses and loyalty bonuses mean that a good deal of cash is handed out, just as a way to stay ahead. Signing up at a site for the first time, for example, may have you granted a 300% bonus. This means that if you deposit $10 at the site you are given $30 extra. Are you starting to get the picture? You can play Bingo for $30 at no extra cost, and probably walk away with a win or two for the trouble.
What Is A Sign Up Bonus?
As already said, a sign up bonus is a once off offer given as a reward for joining a site. The bonuses can vary drastically depending on the site, with some operators being significantly more generous than others. But importantly; the bonus will be paid immediately, and appear in an account the moment a first deposit is made. Or, in some cases a deposit isn’t even necessary to receive the bonus if you’re playing at an online bingo Canada site.
But there are a few things to take into account. The first is that the bonus cash, of course, cannot be withdrawn from the site. That would be silly. The second is that you should be sure to keep in mind that there is no guarantee of winning. As we said right at the start, Bingo is a game based entirely on luck. So you may win sometimes, and you may not win other times. The trick is that if you keep taking advantage of bonuses, you’ll have plenty of chances.
So what is the strategy here? You know basically how it works, but you might not fully understand how to go about things just yet.
First and foremost; things can get a little complicated when it comes to bonuses and ‘free money.’ As we all know, assuming that free money really is free is the road to disaster. Well, casino bonuses are free, technically speaking, but some come with a little something known as a wagering requirement. Ah ha! You knew there would be a catch, right? We said some, not all. Pay attention and read if a bonus has any wagering- or playthrough- requirement attached before accepting it.
Even still, a wagering requirement isn’t necessary a catch, per se. A wagering requirement is put into place at casinos to avoid players simply signing up, getting a bonus, making a few bets, and leaving with a handful of winnings. That would obviously bankrupt the operator in no time. So, a wagering requirement ensures that bonus money is used by the player in a reasonable way, and with minimal risk to the site’s bottom line.
Wagering requirements will also vary from site to site, but there will normally be a clear and concise explanation as to what the requirements are. Once they are met, bonus money will transfer and become real money, after which it can be withdrawn.
As a quick guide, a wagering requirement will appear as something like this; x10. This means that if the bonus cash was $10, 10 bets of that amount will have to made before any winnings with the bonus money may be withdrawn.
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A Few Tips
Now that you have a general idea of how it all works, let’s go through a few simple tips that can help you make the most of the situation. Yes, it’s time to get a little sneaky!
Once you have your bonus cash, you can head over to a site’s Bingo lobby. Here you will be presented with a list that informs as to which rooms are available, and what sort of Bingo games are offered. What we want is the maximum possible chance of winning, of course, so this means heading to the rooms with the least players.
But, the trick is that we don’t want too few players, or the prize money won’t be worth the time. So what we want is a room with a minimum of 20 players, but not more than 40 players. That is the key zone that will offer the best possible outcome.
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The announcement by Facebook late last year that the social networking giant is considering real money gaming excited the whole gaming industry. Facebook has 900 million regular users and the prospect of reaching such a large audience has gaming operators salivating. The move could change the face of online gaming permanently. Several gaming companies have already invested big bucks to prepare for real money bingo on Facebook. Caesar's Entertainment and International Gaming Technologies have spent $700 million to acquire social gaming companies. IGT purchased Double Down for $500 and Caesar's has purchased Playtika the company behind Slotomania for $170 million.
There are legal hurdles for Facebook to overcome, and every country has its own set of online gaming laws that could affect real money gaming on Facebook.
Gaming experts say the UK and Europe are likely starting points for Facebook's real money gambling. The UK has one of the best regulatory environments for gaming companies, and has a thriving online gaming market. The UK may be the first country to see real money gaming on Facebook. Industry rumors say that UK gaming giant 888 Holdings is already negotiating with Facebook to make social gaming a reality in the UK. The UK has one of the largest and most active online bingo markets in the world, and most experts believe that UK residents will embrace social gaming with a passion. In other European nations, the regulatory issues could hinder the growth of real money social gaming. Although countries like France and Denmark have liberalized their laws Germany and Spain are fighting online gaming.
The Asian-Pacific gaming market remains relatively untapped. While Facebook is extremely popular in countries such as Indonesia, it is struggling in in large markets, including Japan and South Korea. In China, Facebook is blocked by the government.
Is Bingo On Facebook Legal
In the United States, experts are debating whether it is better to have state by state legalization of online gaming or whether federal regulation is more desirable. If individual states legalize online gaming and poker, limiting the games to residents could be problematic for Facebook. The most popular game on Facebook is Zynga's Texas Hold Em poker game, which has millions of regular players. Zynga has expressed an interest in acquiring a land based casino. They joined many high-profile internet companies to successfully lobby against the Stop Online Piracy Act (SOPA). The unpopular measure would have required internet companies to cut off access to websites using materials considered copyright infringement. The bill was backed by the entertainment and music industries, among other industries that fear digital piracy.
Popular opposition to the bill was fierce, and members of congress were inundated with emails from angry constituents. Alix Burns, president and founder of Bay Bridge Strategies, is the lobbyist for Zynga's account. Previously, Burns worked on Al Gore's unsuccessful presidential bid. Burns has also worked for a tech firm and for the Democratic National Committee.
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Zynga and other social gaming companies are well aware of the potential to convert players that currently play for free to real money players once online gambling is legalized. In March, Zynga released an online bingo game on Facebook, much to the chagrin of Buffalo Studios, the developers of Bingo Blitz. Zynga CEO Mark Pincus sees online gaming as a perfect fit for Zynga. Speaking about Zynga and online gambling at the Morgan Stanley Technology, Media and Telecom Conference in San Francisco, Pincus stated: 'I think it's a good, natural fit.' Pincus also said that industry observers 'should expect to see us do a lot more than what you've seen in offshore casinos.'
Right now, real money gambling on Facebook is limited. Most major gaming companies have seen the potential of Facebook and are making moves to take advantage of social (and mobile) gaming once all of the legal and technical issues have been ironed out. Here are a few of the top games on Facebook, whose operators are posied for of the upcoming gambling wave:
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- Zynga's Texas Hold Em poker is easily the most popular casino style game on Facebook. The game has 6.6 million daily users and 31.3 million monthly users. Zynga's version of Texas Hold Em is one of the longest running games on Facebook, and was launched in 2008. Zynga has monetized the game by selling casino gold and chips for Facebook credits, and offers an option to purchase these via mobile phones. Players can earn more playing chips by inviting their friends to play.
- Israeli game developer Playtika's Slotomania holds the second top spot on Facebook. Slotomania was launched in 2010, and since then has enjoyed steady growth. Slotomania has 1,700,000 daily users and 5.6 million monthly users. Last year, the game spiked after Playtika was acquired by Harrah's, which is a part of Caesar's Entertainment. To keep the games going, players are offered a special bonus every four hours. Virtual currency is the chief source of revenue for Slotomania. The currency is purchased in batches using Facebook credits.
- Buffalo Studios' Bingo Blitz is in third place on Facebook. This highly original online bingo game was launched in 2010, and had slow but steady growth through 2011. Currently, Bingo Blitz has about 900,000 daily users and has a stable player base between 2.5 and 3 million players. When Zynga launched their version of bingo, there were accusations that they copied Bingo Blitz. Bingo Blitz uses two currencies: coins and credits, which are interchangeable. Extra game credits may be purchased with Facebook credits.
- Double Down casino was launched in 2010, and features several casino style games. Double Down offers video poker, blackjack, slots, tournaments and roulette. Double Down has 1.3 million daily users and 4.7 monthly users. New players are given a number of free chips and may purchase more using Facebook credits.
As you can see from the numbers, social network gambling has a lot of potential for gaming operators. Facebook has 900 million active users around the world. Some gaming companies are already using Facebook as a vehicle for player acquisition.
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