Online Bingo is one of those games that give you instant enjoyment and at the same time, introduce you to a friendly community of online players.
Playing bingo is similar to playing the lottery in the sense that both are simple forms of gambling. It is as simple as getting lucky on choosing the winning card or ticket. Of course, some kind of financial return is also expected in the long run.
Current bingo software is set to return around 30-35 percent to the operators. This means that for every dollar you spend, the operator earns around 0.30 to 0.35 cents from it. The rest goes to the jackpot as prize money, with percentages specified for a progressive jackpot.
While some believe that operators take more than that deserve, it wouldn’t actually benefit them in any way as they would lose more money in the long run if players were to move out to another online bingo site. Bigger prizes mean more players, which will translate to better profit.
Online bingo fun
To make sure that you are playing at a reputable bingo site, make sure that it has been approved by the Gaming Commission or Game Auditors. Such logo should be prominent on their homepage. All websites licensed with the European Union are also highly regulated and therefore trustworthy.
You can see for yourself if a site is paying out regularly by checking the number of players against the level of jackpots. If there are a lot of players fighting for a reasonable jackpot, then it is safe to say that it is a successful site with good payout rates.
The number of players at a given time determines your odds of winning. The thing about bingo is that the game does not end until somebody wins, and it just might as well be you. It is advisable to avoid outrageous marketing ploys and promotions that look statistically improbable. It’s best to keep the game simple, and your expectations reasonable.
Even if the odds are against the player, surveys show that the online bingo industry is growing at a fast rate. Some have attributed the growth to the sheer number of people who use the Internet everyday. Psychologists confirmed that the internet itself is addictive, however, recent studies show that it could actually improve overall reactive mental abilities in all ages.
Playing Bingo online may just be a part of an Internet user’s time online. The demographics are shifting as well. Bingo establishments used to focus on grandmothers or the more elderly people. But today, 90% of online bingo players are below 50 years old.
So basically, playing online bingo is like taking a random chance in hopes of winning instantly. So whether it is gambling or entertainment, online bingo has certainly proved to be a pleasurable experience that you might just try again sometime soon.