Why are the Best Bingo Deals Online?
Online bingo is undeniably giving bigger rewards at a lower cost and risk to the player. On top of that, people don’t have to worry about the expense of getting to a bingo hall and buying drinks for the duration of their night there. It’s not hard to see why there are no so many more millions of players using online bingo, but why exactly do they offer such high prices and bingo offers compared to their high street competitors?
Space = money
Pick any bingo hall in any city and they all have one thing in common, they’re huge. The floor space required to keep a bingo hall running matches how much it costs to pay for it. While online businesses still have to pay for their domain and to keep their site online, it is thousands of pounds less than having a physical building, especially considering you only need one website, but several big bingo halls.
We’ve identified that space costs a lot, but bingo companies want that space to get as many players in as possible. Online sites can obviously fit as many players into their bingo sites as possible, and don’t have to worry about seats. There are still limits on how many players can be in any online bingo room, but they are generally filled much easier when people aren’t required to leave their home to do so.
These two are the big reasons why online bingo generally better for both the player and the company. This idea has been proven several ties, most recently when one of the largest bingo hall owners sold their halls to a competitor for £200 million to further pursue the online gaming avenue.
Online bingo introduced the idea of free signup incentives to encourage potential players to join. These now come in the form of a completely free wad of cash, from £5 to £10, and then usually a percentage-based extra deposit that depends on how much the player originally pays.
Online Bingo is expanding
The currently market value of online bingo site is estimated at £2 billion, and is expected to rise to a huge £7 million in the next five years. Online poker is currently the biggest form of online gambling, although it wouldn’t be surprising if bingo moved to overtake it in the next decade.