Online bingo has become more and more popular with each year that has passed by. There are more players than ever before. With such a big market, bingo sites are competing against each other at a bigger rate. They have to do whatever they can to stand out from the pack, one of the things that bingo sites such as wizardslots.com have used is the no deposit bonus.
What is No Deposit Bingo Exactly
No deposit bingo is actually a type of bonus that players receive from bingo sites. It gives players the chance to play bingo without making a deposit into their account, essentially meaning that players have the opportunity to win without spending anything. To receive a no deposit bingo bonus, all players need to do is open an account with the bingo site which is offering the bonus. Usually players will be asked to enter their credit/debit card details during the sign up but it is important to remember that players will not be charged anything by this. The no deposit bonus is usually exclusively used for people who are yet to sign up to a bingo site, though it is sometimes used as a promotional tool for longtime players.
Types of No Deposit Bonuses
The no deposit bingo bonus is an incredibly common bonus which is offered. There are several types of no deposit bonuses which players will encounter. The most common no deposit bonus that players will encounter is credit bonus. This is where the deposit is credit which can be used on specific bingo games. The other common no deposit bonus is where the bingo site gives players cash instead of credit. This cash can be used on a range of bingo games but it cannot be immediately withdrawn by players, usually players will have to pass a certain threshold of winnings before they can withdraw anything. Although on the face of it the cash bonus may appear more lucrative, it is usually worth less than a credit no deposit bonus.
Why Do Bingo Sites Offer No Deposit Bonuses?
Bingo sites offer no deposit bonuses for a whole range of reasons, the biggest reason is that they are a great way to entice newer players to join their site. As there are more and more competing bingo sites on the market, offering a lucrative bonus helps to make a bingo site stand out from the others. Although bingo sites will initially lose money from the bonus, as players keep coming back for more, the bingo site will eventually make their losses back. The no deposit bonus is actually an investment from bingo sites into the players.
No deposit bingo bonuses are incredibly popular bonuses that are usually reserved for newer players. They come in the form of cash or credit, which can only be used on certain bingo games. Bingo sites offer these types of bonuses because they are a great way of attracting new players and they can make their investment back when these players keep coming back for more.