Free or Real Money, We value your money as much as you do.  So today we help you understand Bingo Bonus/Bingo Free Money better.

One is always intrigued by the words “Free money” in the big world of online bingo games. But, the person never really tries to find out or unleash the underlying secret behind it. The term “Free Money” is always understood as a fixed lump sum amount, or amount in multiples of the value that he makes, as his first deposit in his player account. Xoom Bingo will help you understand the concept of “Free Money” better. 

When a new player comes to play online bingo games, he should first check out if, it is a licensed and reputable website to play. If it is so, he is lucky enough to be playing in a genuine site where he knows his money’s worth. But, on the other hand, if it is not, there is bad news for him. 

The positive point of earning online bingo bonuses is when you sign up within a website to play, you will be given free bonus money that can be utilized only to buy bingo tickets at that website, or purchase credits to play other attractive games offered within the site. You cannot freely encash the bonus money outside this site. But, this rule does not apply to the winnings accumulated by using this bonus money. So, it is always best to go through the terms and conditions attached within the site offered for this kind of bonus promotion. 

Alternatively, the more complex mechanism which restricts the use of online bingo bonuses is ‘wagering requirement’. Here, players can encash the bonus money outside the site (in which) he is playing, only if he has spent a specified amount on this online bingo site. How much would that specified amount be? The wagering requirement is a multiple of the bonus amount paid (or added) to the player’s deposit. Eg. If the wagering requirement’ is expressed as twice the deposit + bonus, and if the player receives $30 as bonus money, after depositing $30 themselves, the player would have to spend $120 [2* ($30+$30)] as wagering requirement on this site, before encashing the bonus money outside. 

There are many licensed and reputable sites which allow the players to encash their surplus money at any time which are credited to the player’s account. But, there is another twist to this story. It is, if this happens before a wagering requirement has been met, any bonus money left in the player’s account will be forfeited.

From this, one can conclude that online bingo bonuses are not machines which give you ‘free money’. It is a method of earning some extra value for the money that you spend on the online game. Who knows, that extra value could be a jackpot you could win over.