Bingo Players Union Announcements

:ymparty: BingoBilly.com Invites Players to Clean Up in the $2,000 Spring-Clean Your Budget Sweepstakes :ymparty:
Let's play BINGO

It is currently Tue Sep 18, 2018 4:01 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 5 posts ] 
Author Message
 Post subject: how do they do that?
PostPosted: Tue Apr 13, 2010 2:40 pm 
Offline
Senior Member

Joined: Sun Mar 14, 2010 12:01 pm
Posts: 205
How do so many bingo sites offer such huge percentage increases on your deposit? Do most of them really make enough money and have enough deposits that they can fund this?


Top
 Profile  
 
 Post subject: Re: how do they do that?
PostPosted: Sun Apr 18, 2010 8:28 am 
Offline
Senior Member

Joined: Sun Mar 14, 2010 11:59 am
Posts: 212
hey greay question- have never really thought about that. But you are right. Are there so many $50 deposits that it is enough to payout everyone who wins there?


Top
 Profile  
 
 Post subject: Re: how do they do that?
PostPosted: Mon Apr 19, 2010 7:37 pm 
Offline
Senior Member
User avatar

Joined: Fri May 25, 2007 9:29 am
Posts: 694
When you state "percentage increases on deposits" are you talking about those 500% deposit BONUSES? If so, they don't have to have the cash to do it with....it's 'funny money' because with the high playthru required, they are almost guaranteed that you will never cash out anything you win. You deposit $50, get an 'additional' $250 in bonus money (500%) and playthru amounts to 3X the total of both amounts or $750.00. So, even if you get 'lucky' enough to win a $1000 coverall game, you would only be able to cash out $250 AFTER spending $750.00.....and even at that you would have to HOPE to heaven that you won that grand with the last couple of bonus bucks in your account...otherwise you are spending $750 in CASH before getting to the bonus amount and that would be forfeited as soon as you requested the cashout. Now if you are playing slots...you are looking at a playthru of 12X (or more at some sites) instead.

Bonus money is NEVER real money that comes from the site....it is strictly used as a carrot to dangle in front of the unsuspecting soul so they deposit and then deposit again to get another bonus and then deposit again to get another bonus. Eventually, you have deposited CASH for bogus bonus money to the tune of what could be the total of that elusive $1000 coverall game....


Top
 Profile  
 
 Post subject: Re: how do they do that?
PostPosted: Sun Jun 20, 2010 10:49 pm 
Offline
Senior Member

Joined: Sun Mar 14, 2010 8:20 pm
Posts: 138
OMG!!! I never thought of it that way but when you spell it out it seems such an exorbitant amount that has to be deposited so that you can cash out anything. I don't think I will be looking at bonuses the same way ever again.


Top
 Profile  
 
 Post subject: Re: how do they do that?
PostPosted: Sat Jun 26, 2010 9:19 pm 
Offline
Senior Member

Joined: Sun Mar 21, 2010 9:00 pm
Posts: 338
You betcha SpunkyPepper. It certainly looks like the cash-out possibilities are so remote that one would have to really love playing bingo because they certainly are not going to get rich playing it.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 5 posts ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
cron

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
BingoPlayersUnion © 2009