Online Bingo Help
How to Withdraw Winnings from Your Online Bingo Account
To withdraw winnings from your online bingo account will vary from site to site. As most bingo sites offer deposit bonuses and other bonus monies you may end up receiving 3-4 bonus dollars to every real dollar you deposit. This is great in that you get a good value for your buck and get to play longer but has created a variable not associated with land based bingo. These sites that offer bonus monies have developed a system called play through to level the playing field so to speak. You may have to wager your deposit money and bonus money from 2 times to 15 times depending on whether you play bingo only or casino games as well. Many online bingo sites also offer slots, video poker and other casino games. Playing the casino games will almost always place you in the higher play through bracket as it is easier to rack up winnings playing slots and other casino games. We will try to explain this to you here.
Let’s say you make a deposit for $50. You receive a 200% deposit bonus. This means you would get an additional $100 in bonus money. If you played bingo only at a play through of 3 times you would have to multiply your $50 x 3 = 150 and your $100 bonus x 3 = 300 add the 150 + 300 = 450. You would have to buy $450 dollars worth of bingo cards before you would be able to withdraw your winnings. So in order to withdraw your winnings you will need to get a couple good bingos under your belt first. Being that you start with $150, if you play smart and the lucky bingo balls fall your way you are good to go. Once you have been informed that your payout has been approved you will most likely need to provide documentation if you have used a credit card to fund your account. This will include a copy of your driver’s license or other official ID as well as a copy of the front and back of your credit card if you haven’t had to already. Many sites are taking a lot more precaution with credit cards to avoid having cards illegally used on their sites. You may have already had to send this documentation before you even got to the withdrawal stage, as more security and fraud protection is being implemented by Online Gaming to protect the consumer from fraud.
