Bingo Payouts Online
There are many things to look forward to when it comes to playing bingo, and bingo payouts is certainly one of them. Other perks to playing bingo is the enjoyment it brings, as well as the fact that it’s a social game where you get to meet new people.
The kind of payout you can expect in a bingo game will depend on various factors and that is what we’ll be discussing in this guide.
- Bingo Payout Rates
- How Much Can I Expect to Win in Bingo
- Bingo Jackpot Payouts
- Biggest Bingo Payouts
Top Online Bingo Sites
Bingo Payout Rules
The expected payout for every bingo game you play will firstly depend on the kind of game you are playing. Various types of bingo games exist and there may be more than one prize on offer for each. But majority bingo games only offer one jackpot prize for the person who manages to reach bingo first.
How much you win will also be determined by fixed factors. These factors include the price you paid for the ticket as they come in different price ranges. How much you win may able be affected by how many tickets are sold overall, and the number of participants for that session.
The factors mentioned above does mostly apply to bingo games facilitated in a bingo hall. The factors when playing bingo online might be different.
A payout rate refers to an amount you can expect to win during any given game over a certain period of time. This expected value is presented by the return to player percentage (RTP) which you may or may not already be familiar with. So, in the case of bingo online, if the RTP at your casino is 90% for example, it means that overtime you can expect to win back $90 from every $100 you spend buying bingo tickets. Therefore, the higher the return to player percentage, the better your chances of receiving a payout.
The RTP in itself isn’t a one fit size all, even this depends on the game you are playing and it may even come down to the software provider that developed the game, as well as the individual casino.
The percentage for bingo games is fairly lower than that of slot or video poker games though. For slots, the RTP averages between 90 – 98%. For 90 ball bingo, it averages at about 80% and for 75 ball bingo, it averages at about 70 – 80%.
Some bingo games have fixed prizes which means that the factors mentioned above don’t apply. In some cases, the number of tickets sold or number of participants don’t matter because they don’t affect the overall prize up for grabs. With these games there is a maximum prize amount regardless.
In other bingo games other smaller prizes might be available in addition to the overall prize. So, you might receive a payout for forming a particular pattern or filling a particular line on the bingo card while the overall game prize is still reserved for the player who reaches bingo first. If it happened that more than one person reaches bingo at the same time the prize will be split equally between the winners.
Special bingo games offer a jackpot prize that’s usually bigger than the overall prize. To win the jackpot prize you must reach bingo within a specified number of calls. You must be super lucky to get all or most of the numbers being called out during the given time. Certain jackpots are like fixed prizes that’s capped at a certain amount while other jackpots are progressive meaning it grows and grows until someone wins.
Something called community jackpots also exist although not every player is a fan of its payout structure. When you are playing a bingo game where a community jackpot is up for grabs everybody gets a piece of the pie. This means that if you are playing and another player wins the community jackpot, every other participant gets a bingo payout, not just the actual winner.
For interest’s sake, we’ve compiled a top 5 list of players who have bagged some of the biggest jackpots while playing bingo. The bingo payouts are huge and serves as more than enough reason to try your luck today.
|John Orchard||£5.9 million||Factory worker|
|Lisa Potter||£1.3 million||Unknown|
|Soraya Lowell||£1.2 million||Housecleaner|
|Christine Bradfield||£1.1 million||Mother of 2|
Play Bingo for Real Money
When you are ready to try your luck at playing bingo you can do so at any of the online casinos that we list in our table above. Once there, you can play bingo for money and receive a welcome bonus and other rewards to help you on your way.