Monday, February 9, 2009

Choosing Your Bingo Wagers

The following article can be useful for everyone. It's written by Charlene Grey for BingoStreet.com – the top UK resource for bingo online and bringing you the best bingo promotions.

Bingo is not like traditional online gambling. A video poker machine or slot machine has a certain amount you play per line. You also have the poker tables that require a couple of bets during the game. When you play bingo online wagers you have an entrance fee into the game. Once you get into the game you are required to spend a little more to get the bingo cards you will play. Let’s break this down a little further to help you understand how to chose your bingo wagers.
Under the 75 ball bingo section you might find 5p, 50p, and up to £1 in order to gain entrance into a bingo game. These are the bingo wagers you must pay and this is the area you have some control over how much you spend while you play bingo online.
You may already have worked out how much money you want to spend in a month on bingo wagers. This is often figured out based on your income and expenses that you have in your daily life. The bingo wagers are extraneous money you put towards hobbies. In a month you might have £100 left over after all expenses are paid. You decide of that £100 you want to spend £20 a month for online bingo, plus some of the winnings you may earn. For example you might decide to play 20% of any winnings you earn and keep the rest.
If you have £20 to spend and you know you want to play at least 2 games of bingo online each night, then you can’t spend £1 a game, you’d need to wager 50p or less on your bingo games. In fact the 5p game might be more to your liking because you can play more than 62 games of bingo online each month at this rate.
Of course you still have your online bingo cards to purchase. This is different from the money you spend to get in to the game of online bingo. Typically you have a range from £1 to £15, depending on the bingo website to buy 1 bingo card. We will say that a bingo site charges £6 for 6 bingo cards. The entrance fee was 5p and you just spent £6 pounds – you now have less than £14 in your bingo budget for the rest of the month – unless you hit the bingo jackpot!
The amount of money you want to spend will determine the online bingo wagers you make, but more than that you want to choose bingo wagers that will help you get the most out of your bingo budget each month. The lower priced games usually have smaller jackpots, but then again you might have a better chance of winning or at least playing more games of bingo online.